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UMW (4588) : UMW HOLDINGS BERHAD
CNY2012
Member Star
Posts: 111
Joined: Dec 2011		 29 Mar 2012, 09:32 PMPost #1
UMW Toyota Motor maintains sales target

PETALING JAYA: UMW Toyota Motor Sdn Bhd is maintaining its sales target of 93,000 Toyota and Lexus cars this year despite the potentially adverse impact of the responsible lending guidelines on the total industry volume (TIV) for the automotive sector.

UMW Toyota Motor deputy chairman Takashi Hibi said the impact of the guidelines would be minimal on the company's vehicle sales.

“Our customers have fairly good credit ratings. Sales will be boosted by the introduction of new Lexus and Toyota models,” said Hibi during the launch of the new Lexus GS mid-sized luxury sedan.

UMW Toyota Motor president Ismet Suki said: “We aim to capture about 15% of the Malaysian Automotive Association's (MAA) TIV forecast of 615,000 units this year.”
Toyota Motor Corp deputy chief engineer Koji Sato (left), Ismet, Hibi at the launch of the new Lexus GS

Hibi pointed out that last year, the company was affected by the auto parts supply disruption as a result of Japan's earthquake and tsunami as well as the Thai flood crisis.

“Now, we are in full-scale operations again.”

Ismet said this year the company would improve on the sales of 89,000 Toyota units last year.

“Cars such as the new Toyota Avanza and Camry will boost sales.”

The Toyota 86, which is a sports-oriented model, is likely to be launched this year.

UMW Toyota Motor aims to sell 6,000 Toyota and Lexus hybrid models this year.

“We expect hybrid cars such as the Toyota Prius c to be well-received by customers,” said Ismet.

Hibi also said that this year Lexus Malaysia aimed to achieve a 30% increase in vehicle sales, from the 1,711 cars sold last year.

Lexus Malaysia is a division of UMW Toyota Motor.

“For Lexus, we are looking at sales of 100 units of the hybrid CT200h each month, and higher sales of the GS and RX models,” said Hibi.

This year, about 150 units of the Lexus GS, which comes in five variants with 2.5-litre and 3.5-litre V6 engines, are expected to be sold.

The Lexus GS variants have price tags ranging from RM366,200 to RM464,800.
ChongKongHui
Member Star
Posts: 5
Joined: Jan 2013		 17 Jan 2013, 05:29 PMPost #2
I like Toyota.

Toyota is World No 1 in year 2012, beats General Motor.
garlic
Member Star
Posts: 109
Joined: Feb 2013		 14 Mar 2013, 09:56 AMPost #3
garlic picking 2nd call warrant of the day - UMW-CN

Maturity Date: 28/02/2014
Exercise/Strike/Conversion Price :MYR 12.0000
Exercise/ Conversion Ratio = 8 : 1
Current Underlying Price : MYR 13.06
Premium : 6.27% ~ reasonable range
Gearing : 6.95 times

currently in money & got around 1 year before expiry

punt successful or fail at punters own liability :)
garlic
Member Star
Posts: 109
Joined: Feb 2013		 14 Mar 2013, 02:39 PMPost #4
wait patiently , the seller will give in soon if underlying keep dropping. look out for the entry
garlic
Member Star
Posts: 109
Joined: Feb 2013		 18 Mar 2013, 10:31 AMPost #5
not enough sell down volume yet, waiting-waiting patiently
garlic
Member Star
Posts: 109
Joined: Feb 2013		 18 Mar 2013, 04:20 PMPost #6
time to teach CIMB IB a lesson, since they don't wanna queue to buy back at fair market making, we hold till the offer to buy at higher price. hor ei si
garlic
Member Star
Posts: 109
Joined: Feb 2013		 18 Mar 2013, 04:51 PMPost #7
unbelievable, garlic queued done at 0.245 :), 1st round completed
garlic
Member Star
Posts: 109
Joined: Feb 2013		 19 Mar 2013, 09:16 AMPost #8
Today garlic going to bullsit a bit on UMW-CN pick again

Value investing need discipline, so is the punting/gambling. When we trade successfully a few times, there is tendency for us to get greedy. We might be carried away by our greed & are tempted to increase leverage exposure or bet amount.

In garlic's opinion, increasing bet size or leverage exposure is the stupidest thing to do based on garlic experience so far ( hitting wall a few times ) - reason is simple, it takes a few successful trades for you to accumulate certain amount of profit but it only takes you a failed trade to wipe out your profit & capital totally.

So, stay cool. Maintain the size of the bet or leverage exposure. Look for re-entry for UMW-CN again :)
garlic
Member Star
Posts: 109
Joined: Feb 2013		 20 Mar 2013, 09:09 AMPost #9
today sentiment not so good, everyone chicken out. it is good time to test water again,

no buying queue = chances to get dirt cheap panic selling volume.

test test water, purposely queue at extremely low price
garlic
Member Star
Posts: 109
Joined: Feb 2013		 21 Mar 2013, 11:09 PMPost #10
until the market maker learn how to behave properly, garlic staying sideline to see how they "syiok sendiri"

playing warrant, your worst case = selling back to issuer, if issuer is not fair in market making pricing & placing the order volume, it is a gone case

if no confident can sell back to issuer, don't go in
garlic
Member Star
Posts: 109
Joined: Feb 2013		 22 Mar 2013, 02:26 PMPost #11
queue low to wait for seller to give in

if can get, it gonna be risky punt, if can't get, just let it pass
garlic
Member Star
Posts: 109
Joined: Feb 2013		 27 Mar 2013, 04:06 PMPost #12
it went up, still got anyone dare to enter as GE13 getting closer ?
garlic
Member Star
Posts: 109
Joined: Feb 2013		 08 May 2013, 11:36 PMPost #13
put this in my watch list as well

UMW-CO(O)
Maturity Date 21/03/2014
Exercise/Strike/Conversion Price MYR 13.5000
Revised Exercise/Strike/Conversion Price
Exercise/ Conversion Ratio 18:1
Current Underlying Price : MYR 13.94
Premium : 16.2% ~ slightly high but if market marker can maintain the premium bid, it should be fine
Gearing : 5.16 times
CNY2012
Member Star
Posts: 111
Joined: Dec 2011		 06 Oct 2013, 04:05 PMPost #14
UMW Oil & Gas to raise up to RM1.7b

KUALA LUMPUR (Oct 4, 2013): UMW Oil & Gas Corp Bhd (UMW-OG), which is slated to list on the Main Market of Bursa Malaysia on Nov 1, 2013, is looking to raise as much as RM1.71 billion in its initial public offering (IPO), making it the country's largest offering and eighth in Asia-Pacific ex-Japan this year.

UMW-OG is expected to have a market capitalisation of about RM6.1 billion upon listing based on an IPO price of RM2.80 per share.

UMW-OG's IPO involves an offering of up to 843.18 million shares, comprising an offer for sale of up to 231.38 million shares and a public issue of 611.80 million new shares.

The group is selling 648.6 million shares under its institutional tranche and 194.58 million shares for retail investors.

Parent UMW Holdings Bhd will pocket up to RM647.86 million through the offer for sale, and will remain as the largest shareholder in the oil and gas unit, controlling a 55% stake post-IPO.

According to Reuters, quoting a source, the institutional portion has been oversubscribed by more than 10 times, mostly at the top end of a range set at between RM2.70 and RM2.80 per share yesterday. The final pricing is expected to be fixed on Oct 17.

It is understood that UMW-OG has secured 21 cornerstone investors, of which 90% are local firms such as Amcorp Group Bhd, the Employees Provident Fund and Permodalan Nasional Bhd, while the balance 10% comprise foreign funds like FIL Investment Management (Hong Kong) Ltd and Fullerton Fund Management Co Ltd.

"With UMW-OG's planned debut on Bursa Malaysia soon, we will continue to strive for superior operational and financial performance to achieve sustainable long-term growth," its president Rohaizad Darus told a press conference after the launch of its prospectus here yesterday.

"Our regional expansion is also on track with the award of three new contracts in Vietnam in the last six months, in addition to another contract in Thailand, which bodes well for the group's prospects moving forward," he added.

The oil and gas outfit will use a major portion of its IPO proceeds for the acquisition, upgrading and maintenance of drilling rigs, hydraulic workover units and machineries for oilfield services.

The remaining proceeds will be used for the mobilisation and demobilisation costs for its drilling rigs as well as to repay the amount owing to UMW Holdings.

Maybank Investment Bank Bhd and CIMB Investment Bank Bhd are joint-principal advisers, global coordinators, book runners and underwriters for the IPO exercise.

http://www.thesundaily.my/news/847148
garlic
Member Star
Posts: 109
Joined: Feb 2013		 06 Nov 2013, 10:58 AMPost #15
UMWOG is listed sucessfully, waiting for the special dividend from UMW Bhd now
garlic
Member Star
Posts: 109
Joined: Feb 2013		 06 Nov 2013, 11:01 AMPost #16
by convention, the 3rd quarter will be the strongest quarter for UMW bhd based on previous results, can expect the dividend + special dividend to be announced this coming quarterly result after successful listing of UMWOG
CNY2012
Member Star
Posts: 111
Joined: Dec 2011		 07 Nov 2013, 09:02 AMPost #17
Target price: RM12.55

Reduce (maintain)

LACKING re-rating catalysts, Affin Investment Bank Bhd has maintained its “reduce” call for UMW Holdings Bhd while raising its financial year ending Dec 31, 2014 (FY14) and 2015’s earnings per share (EPS) forecast by 3% and 12%, respectively.

After gaining clarity on the earnings of UMW Oil and Gas Corp Bhd (UMW O&G) with its listing exercise recently, the investment bank expects UMW O&G (a 61% owned subsidiary of UMW), to grow its core earnings by a three-year compounded annual growth rate (CAGR) of 71% over FY12-FY15.

The implementation of the goods and services tax from April 2015 may lead to lower car prices. This may also lead to an overhang in FY14 car sales and thereby pose a downside risk to the earnings forecast.

With a revised net asset value (RNAV)-based target price marginally to RM12.55/share (from RM12.44/share), the investment bank reiterated the rating given heightened competition within the automotive sector in the next one year.

By Affin Investment Bank Bhd
i4value
Member StarMember Star
Posts: 574
Joined: Aug 2020		 06 Nov 2023, 07:43 AMPost #18

Although it has a good auto segment, its Group ROE has been struggling to be above 10% for many years. From an auto perspective, there are better Bursa auto companies to look at when considering the ROE. 
i4value
Member StarMember Star
Posts: 574
Joined: Aug 2020		 06 Nov 2023, 07:58 AMPost #19

But look at its discrepancy between its ROE and share price. Would you consider that this is a catalyst for re-rating? 
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yeah doh drool lol mad notworthy question rant rolleyes sad shutup shy smile star sweat thumbup wub cry

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