How will it be when the o&g come out? will it be like MPHB and Magnum, shareholders get share for 2 companies? What is the time for O&G to be listed, I saw it around RM 2+ billion.
Weakening Ringgit Malaysia against USD has caused a serious impact on this counter because 60% of their cost (cars' component and raw material) are calculated in USD which mean when costs were lifted it will ultimately affect their net profit significantly. Especially TanChong was hit the hardest.
I just bought my before the big drop, but as for this mega conglomerate company, personally thinking, strong usd may not cause big problem. They are a trading company, so all cost will be passed to consumers. If the material is more expensive, products will be sold more expensive. If consumer want it they will buy. UMW already monopolies the market. So this maybe a good chance to buy actually. But lucky for me, bought on the higher end.
Dear Fellow Investors at UMW, It has been a Great Ride on UMW at RM4.80 (Year 2004) UMW made two for one share split in year 2008. So my cost is RM2.40. At RM12.00. Price has gone up 5 TIMES in 9 Years. One of My BEST INVESTMENT IN KLSE.
I have discovered another jewel to share with you guys. The Stock is PM Corp(4081) Please view my comments CAREFULLY on PM Corp Forum. Do come Over. See you there!
lech001 why didn't you buy when UMW was RM4.80 in year 2004? Why buy when upside is limited. Consider the following factors.
No 1) Foreign Fund sold down Thailand, Indonesia & Malaysia to a smaller extend recently. Since NO POWERFUL INFLOW (BUT GOT OUTFLOW) OF FOREIGN FUND, BLUE CHIP LIKE UMW CANNOT GO UP!
No.2) Since the Last General Election The Opposition Has Promised to Reduce Car Prices Should They Win The Election. THE BARISAN NATIONAL GOVT ALSO PROMISED TO REDUCE CAR PRICES. AS SUCH, PROTON & HONDA JAZZ HAVE CUT PRICES DRASTICALLY. UMW TOYOTA MUST CUT PRICES OR LOSE SALES TO COMPETITORS.
No.3) MORE DISCOUNT OR LESS SALE WILL IMPACT ON THE BOTTOM LINE OF UMW. SO PRICE CAN ONLY STAGNATE OR GO DOWN FURTHER. CANNOT BUY UMW, CAN ONLY SELL!!!
For A Stock With BETTER & BRIGHTER PROSPECT - COME OVER TO PM CORP FORUM. BUY WHILE THE PRICE IS STILL VERY UNDERVALUE AT 18 CTS.
PRICE EXPECTED TO SHOOT UP TO RM1.50. LONGER TERM TARGET PRICE: RM10.00
it depends also....some corrected after ex, come regain to same level after ex (especially for good dividend stock)
but for this UMW ex-date, i think the investors just wanna secure the restricted offering for UMW-OG, so they might be buying in before the ex, now releasing after it went ex-date.
investor most like sell mother and ready to buy UMW - OG...closed today low for 1 year...still can buy...support level 12.00, if drop again average down at 10.00 (next support level)..
Anyone know how to get the UMWOG shares for the existing shareholder? How is the allocation go? For 1000shares of UMW get to buy 1000shares of OG at 2.80 before listing or what? any news.
hi Kinghu, for 1000shares of UMW, get to buy 1000shares, guarantee can get... how about if got 2000shares of UMW, can then get to buy 2000shares? Or still 1000 shares only?
Sorry ppgivest, I am not too sure, I want to get the same amount of share as the mother share that I have, but if not, that will not be too fair I think. Simple logic for me is that if UMW take out OG in separate listing, that mean the mother share doesn't worth the price now, then anyone who bought higher will guarantee lost because all revenue and profit from OG go to new listing. Only way that is fair is allow the existing share holder to guarantee to purchase the OG share at asked price (2.80). Do you think is fair for a person who hold 1k shares guarantee allocation of 1k shares and a person who hold 10k shares also get allocation of 1k shares. In that case I will be very confuse how many shares do EPF and fund get since they are holding >100million shares. Just a thought.
Ex date is on 1st oct. So, any purchase today will not entitle any guarantee umwog. I also agree that is not worth to hold umw, as the majority of profits derived from oil and gas.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
yktay1
464 posts
Posted by yktay1 > 2013-07-21 15:15 | Report Abuse
Upcoming new models for Perodua and an overdue refreshed line-up for Toyota (Vios & Altis) catering to the masses will catalyze UMW.