Tuesday, 5 January 2010

UMW Hldgs raised to 'outperform'

Published: 2010/01/05

UMW Holdings Bhd, a Malaysian assembler of Toyota cars, was upgraded to “outperform” from “neutral” at CIMB Investment Bank Bhd which sees auto sales gradually recovering in the country.

Its share price forecast was raised to RM8.10 from RM7.25, the research house said in a report today. -- Bloomberg

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