$UMCCA / 2593 (UNITED MALACCA BERHAD)
Research by TA
HOLD – TP RM5.59
" Higher Contributions from Malaysian Operations”
United Malacca Berhad’s (UMCCA) 1QFY25 results were in line with
expectations. Excluding exceptional items, core net profit surged 3.8x to
RM19.4mn compared to the previous year
Analyst:
Angeline Chin
angelinechin@ta.com.my