[%XGOZ%] 
Research by TA
Cease Coverage - TP of RM5.00

"Cease Coverage"

Sime Darby Berhad (SIME) had already secured 98.86% or 1.15bn shares of UMW Holdings Bhd (UMW) as at 31 Jan 2024. In view of this, Bursa Securities will suspend the trading of the shares since SIME does not intend to maintain the listing status of UMW.

The trading suspension will start today upon the expiry of 5 market days from the Extended Closing Date (31 Jan 2024). Subsequently, UMW will be delisted and withdrawn from the Official List of Bursa Malaysia Securities Berhad.  With this, we cease coverage on UMW with immediate effect and our last TP is benchmarked to the offer price of RM5.00/share by SIME. 

Analyst:
Angeline Chin 
[%xvpC%]

$KLSE-UMW 
Research by TA
Cease Coverage - TP of RM5.00

"Cease Coverage"

Sime Darby Berhad (SIME) had already secured 98.86% or 1.15bn shares of UMW Holdings Bhd (UMW) as at 31 Jan 2024. In view of this, Bursa Securities will suspend the trading of the shares since SIME does not intend to maintain the listing status of UMW.

The trading suspension will start today upon the expiry of 5 market days from the Extended Closing Date (31 Jan 2024). Subsequently, UMW will be delisted and withdrawn from the Official List of Bursa Malaysia Securities Berhad.  With this, we cease coverage on UMW with immediate effect and our last TP is benchmarked to the offer price of RM5.00/share by SIME. 

Analyst:
Angeline Chin 
angelinechin@ta.com.my