CIMB Research maintains Add on UMW Oil and Gas


KUALA LUMPUR: CIMB Equities Research is maintaining its Add recommendation to UMW Oil and Gas (UMW-OG) and target price of RM4.63.

It said on Tuesday  UMW-OG's management confirmed at a recent meeting that Naga 5, which is currently under construction, is due to be rolled out in May 2014 as scheduled.

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