Hwang DBS raises UMW Hldgs target price (4588)
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Hwang DBS raises UMW Hldgs target price (4588)
Hwang DBS raised its target price of auto-to-oil and gas conglomerate
UMW Holdings Bhd to RM10.15 (US$3.22) per share from RM9.65 on strong
earnings from its oil and gas division.
Hwang DBS also said
Myanmar's political and economic reforms will help UMW's plans to
expand into the country's construction and mining sector.
As of 0246 GMT, UMW's shares rose 0.79 per cent against the Malaysian benchmark stock index's 0.18 drop. -- Reuters
UMW Holdings Bhd to RM10.15 (US$3.22) per share from RM9.65 on strong
earnings from its oil and gas division.
Hwang DBS also said
Myanmar's political and economic reforms will help UMW's plans to
expand into the country's construction and mining sector.
As of 0246 GMT, UMW's shares rose 0.79 per cent against the Malaysian benchmark stock index's 0.18 drop. -- Reuters
Last edited by hlk on Sat 30 Jun 2012, 10:04; edited 1 time in total
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