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PNB confirms UMW, Sime Darby consolidation to strengthen domestic, regional auto sectors

KUALA LUMPUR, Aug 24 — Permodalan Nasional Bhd (PNB) today confirmed the proposed consolidation of UMW Holdings Bhd (UMW Group) and Sime Darby Bhd, Malaysia’s multinational...

Malaysia , Kuala-lumpur , Malaysian , Permodalan-nasional-bhd , Sime-darby-bhd , Holdings-bhd , Toyota , Sime-darby , Perodua , New-industrial-master-plan , Pnb , Umw

UMW acquisition to make Sime Darby leading automotive player

Sime Darby Bhd’s acquisition of UMW Holdings Bhd from Permodalan Nasional Bhd (PNB) for RM3.57bil cash or RM5 per share will allow Sime Darby to scale up its presence and strengthen its Malaysian footprint in the automotive and industrial sector.

Labu , Negeri-sembilan , Malaysia , Petaling , Malaysia-general- , China , Australia , Australian , Malaysian , Sime-darby-bhd , South-east-asia , Permodalan-nasional-bhd

Trading ideas: UMW, KKB Engineering, Powerwell, Reservoir Link Energy, Barakah Offshore Petroleum, Bintai Kinden and Mudajaya

KUALA LUMPUR: Stocks to watch for on Tuesday could include UMW, KKB Engineering, Powerwell, Reservoir Link Energy, Barakah Offshore Petroleum, Bintai Kinden and Mudajaya, said Apex Research.

Kuala-lumpur , Malaysia , United-kingdom , Bangladesh , British , Kotra-pharma , Bintai-kinden , Apex-research , Barakah-offshore-petroleum , Group-sdn-bhd , Bank-bhd , Bintai-kinden-corp-bhd

Stronger ringgit offers upsides to auto sector

KUALA LUMPUR: The strengthening ringgit bodes well for the domestic auto sector, serving as one of the sector's catalysts for this year, says MIDF Research.

Kuala-lumpur , Malaysia , Japan , Japanese , Sdn-bhd , Bermaz-ckds , Holdings-bhd , Tan-chong , Bermaz-auto , Mazda-malaysia-sdn-bhd , Analyst-reports , Auto

UMW unit launches big hydraulic lubricants

KUALA LUMPUR: UMW Holdings Bhd’s (UMW) wholly-owned subsidiary, UMW GRANTT International Sdn Bhd has introduced its maiden range of bio hydraulic lubricants, marking its foray into the green product line-up.

Kuala-lumpur , Malaysia , Ahmad-fuaad , International-sdn-bhd , Bio-vg-hydraulic-oil , Mitsui-co-malaysia-sdn-bhd , Holdings-bhd , Mitsui , Sdn-bhd , Datuk-ahmad-fuaad-mohd-kenali , Corporate-news , Umw

Backlog orders seen to fuel UMW's 2H growth

PETALING JAYA: UMW Holdings Bhd is expected to post another strong sales performance in the second half of 2022 (2H22), backed by the strong outstanding bookings for both Toyota and Perodua vehicles.

Malaysia , Petaling , Malaysia-general- , Perodua-alza , Toyota-avanza , Toyota-veloz , Toyota-corolla-cross , Toyota , Perodua , Holdings-bhd , Toyota-camry , Auto

UMW's auto sales up 41% to 35,130 units in August

KUALA LUMPUR: The UMW Group’s automotive sales surged by 41% month-on-month in August 2022 boosted by improved sales from UMW Toyota Motor (UMWT) and UMW’s associate company, Perodua.

Kuala-lumpur , Malaysia , Datuk-ahmad-fuaad-kenali , Perodua-bezza , Perodua-alza , Toyota-vios , Perodua , Toyota-veloz , Ahmad-fuaad-kenali , Auto , Automotive , Umw

UMW 1Q net profit jumps to RM101.21mil

KUALA LUMPUR: UMW Holdings Bhd's net profit jumped to RM101.21 million in the first quarter ended March 31, 2022 (Q1 2022) from RM79.80 million in Q1 2021.

Kuala-lumpur , Malaysia , National-recovery-plan , Holdings-bhd , Recovery-movement-control-order , Bursa-malaysia , Corporate-news , Umw , Net-profit , Disposal ,

Keysight Technologies, Inc.: Keysight Technologies to Spotlight Solutions that Accelerate mmWave Innovations at EuMW 2021

Keysight Technologies, Inc. (NYSE: KEYS): What: Microwave technology brings a new set of complex electronic test challenges, and Keysight will deliver a wide range of demonstrations covering high-frequency

London , City-of , United-kingdom , Fusako-dohi , Geri-lacombe , Geri-lynne-lacombe , Keysight-automotive-solutions , Linkedin , Twitter , Wireless-solutions-for-design , Wireless-communications , Youtube