UMW Holdings Berhad - 3587470176% annualised return
(This is a continuation from my first MooMoo post)
$SIME(4197.MY$ just announced that they plan to buy 62% stake in $UMW(4588.MY$ from PNB at RM5.00 per share.
This means that UMW will no longer be listed after the transaction goes through.
This confirmed the news report that The Edge reported 2 weeks ago.
UMW assets are tip top:
- 51% ownership in Toyota Malaysia's dealership
- 38% ownership in Perodua Malaysia
- Aerospace segment is Tier 1 component manufacturer to Boeing & Rolls Royce
Special situation investing requires careful assessment of the assets, because buyers would not play cheapskate on high quality assets.
Today, UMW price closed at RM4.62.
Tomorrow, UMW share price most likely would spike up to RM5.00.
I published this article 2 days ago on 22 Aug 2023, share price was RM4.55 then.
That translate into a profit of RM0.45 (10% profit) in 2 days, or 3587470176% annualised return.
Not too bad I would say.
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