4588 UMW
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UMW News
UMW to Delist From Bursa Malaysia Following Privatization
UMW Holdings (KLSE:UMW) said its shares will be delisted from official list of Bursa Malaysia on Feb. 19, Monday, according to a Wednesday filing. This comes after the industrial heavy equipment manuf
Market Chatter: UMW Toyota Motor Sales Amount 6,276 Units in January
UMW Group's (KLSE:UMW) UMW Toyota Motor's total automotive stood at 6,276 units for both Toyota and Lexus in January, The Star reported Friday. The automaker achieved its highest-ever total sales of 1
Market Chatter: UMW Toyota Motor's 2023 Sales Rise 7%
UMW Group's (KLSE:UMW) UMW Toyota Motor's total automotive sales jumped 7% in 2023 to 108,107 units versus 01,035 units a year prior, The Star reported Friday. In December alone, the company's total s
UMW Toyota Dec Sales Flat at 10,402 Units, Pushing 2023 Total up 7% Y-o-y
UMW Toyota Motor Sdn Bhd (UMWT), a subsidiary of UMW Holdings Bhd, reported total automotive sales of 10,402 units in December 2023, comprising 10,079 units for Toyota and 323 units for Lexus.
Sime Darby Concludes MYR3.6 Billion Stake Purchase in UMW
Sime Darby (KLSE:SIME) unit Sime Darby Enterprise completed its acquisition of a 61.18% stake in UMW Holdings (KLSE:UMW) for 3.57 billion ringgit. As a result, Sime Darby now owns 714,813,100 shares i
Market Chatter: UMW Unit, IOI Enter Long-term Service Deal
UMW Holdings (KLSE:UMW) unit UMW Industrial Power Services signed a long-term service deal with IOI Corp's (KLSE:IOICORP) plantation business worth 50 million ringgit, The Star reported Wednesday. Und
MPI Ceases Leadframe Manufacturing After 49 Years
Malaysian Pacific Industries Bhd (MPI) said it will cease its leadframes manufacturing operations under Dynacraft Industries Sdn Bhd by end-January next year.
UMW Signs Long-term Service Agreement for Jenbacher Biogas Engines With IOI's Plantation Unit valued at RM50m
UMW Group's wholly owned subsidiary, UMW Industrial Power Services Sdn Bhd ("UIPS"), an authorised distributor of INNIO Jenbacher's engines in Malaysia, signed a long-term service agreement ("LTSA") with IOI Corporation Bhd's plantation business, valued at RM50 million.
UMW to Dissolve Dormant Unit
UMW Holdings (KLSE:UMW) will dissolve its dormant unit, UMW Oilfield International (M), according to a Monday bourse filing. The unit will be dissolved on the expiry of three months after the lodgemen
UMW to Sell Industrial Land in Serendah to Perdua in Related Party Deal
UMW Holdings Bhd has proposed to dispose of a 22.22-acre industrial leasehold land within the UMW High Value Manufacturing Park in Serendah, Selangor to Perusahaan Otomobil Kedua Sdn Bhd (Perodua) in a related party transaction.
UMW's 3Q Net Profit Jumps 72% on Sustained Demand Across All Business Segments
UMW Holdings Bhd's net profit for the third quarter ended Sept 30, 2023 (3QFY2023) jumped 71.91% to RM173.11 million from RM100.70 million a year ago, as it recorded higher revenue with improved contributions from all its businesses, driven by sustained demand.
AMMB Shed Stake in UMW
AMMB Holdings (KLSE:AMBANK) said it sold 100,000 shares in UMW Holdings (KLSE:UMW) for its own account, according to a Tuesday filing. The Malaysian banking group sold the shares in the industrial hea
Perodua Revises Production, Sales Targets Upwards
Malaysian automobile manufacturer Perodua revised its production target to 338,000 units for 2023, higher than the 330,000 units disclosed in January, according to a release on Tuesday. The higher tar
UMW Disposes 26% Stake in Industrial Equipment Arm for MYR260 Million
UMW Holdings (KLSE:UMW) said its unit UMW Equipment Division disposed of a 26% stake in an industrial equipment arm to Toyota Industries for 260 million ringgit. Following deal completion, UMW Equipme
Market Chatter: Perodua's Sales Rise 28.3% in Q3
Malaysian automobile manufacturer Perodua's sales jumped 28.3% year over year to 88,537 vehicles in the third quarter from 69,011 units a year earlier, The Star reported Friday. The UMW (KLSE:UMW)-bac
Market Chatter: UMW Toyota Motor's January-September Sales Rise 8%
UMW Group's (KLSE:UMW) UMW Toyota Motor logged an 8% increase in automotive sales during the first nine months of the year, The Star reported Tuesday. The automaker delivered 76,511 units in the Janua
Market Chatter: UMW's Auto Sales Jump 18% in August
UMW Group (KLSE:UMW) logged an 18% jump in automotive sales in August as it delivered 41,386 units, The Star reported Thursday. This brings the automaker's year-to-date sales to 271,515 units, up 16%
Apex Securities Raises UMW's Earnings Forecast for FY2024 to RM418.2m
Apex Securities Bhd has recommended investors to 'sell' UMW Holdings Bhd given that the share price has surged to a new peak attributed to acquisition premium, and there remains a potential risk that the deal could collapse if stakeholders are unable to come to a consensus.
Market Chatter: UMW Toyota Motor's Vehicle Sales Jump 25.8% in July
UMW Holdings (KLSE:UMW) unit UMW Toyota Motor sold 8,349 vehicles in July, up 25.8% from the same period last year, The Star reported Monday. This brings the automaker's year-to-date sales to 57,008 u
Market Chatter: UMW's Auto Sales Rise 12% in H1
UMW Group (KLSE:UMW) said its automotive sales jumped 12% annually in the first half of 2023 as it sold 193,349 units, The Star reported Tuesday, citing the company. The company attributed improved sa
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