UMW – a catalyst for re-rating?

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#1
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.

But look at its discrepancy between its ROE and share price. Would you consider that this is a catalyst for re-rating?

[Image: UMW.png]
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