Uem Edgenta Berhad

$EDGENTA / 1368 (UEM EDGENTA BERHAD)
Research by RHB

KUALA LUMPUR: HSS Engineers Bhd's wholly-owned subsidiary HSS Engineering Sdn Bhd has entered into a joint venture and shareholders' agreement with OPUS International (M) Bhd, a sub-subsidiary of UEM Edgenta Bhd, to provide engineering and technical services.

General Meetings: Outcome of Meeting

$EDGENTA / 1368 (UEM EDGENTA BERHAD)
Research by RHB
Neutral – TP of MYR 0.89

“Results Met Expectations; Upgrade To NEUTRAL”

U/G to NEUTRAL from Sell, higher MYR0.89 TP (DCF) from MYR0.84, 1% downside. 1Q24 results were in line at 27% and 21% of our and Street’s estimates. Topline registered 7% YoY growth, aided by ongoing contract recognitions from Singapore and Taiwan, while core margin contracted 0.5ppts – dragged by the infrastructure solutions (IS) segment. We upgrade our UEM Edgenta call on its sequential bottomline turnaround but remain cautious on cost pressure risks, especially diesel subsidy rationalisation.

Analyst(s):
Oong Chun Sung
chun.sung@rhbgroup.com

$EDGENTA / 1368 (UEM EDGENTA BERHAD)
$REACH / 5256 (REACH ENERGY BERHAD)
$SAPIND / 7811 (SAPURA INDUSTRIAL BERHAD)

UEM Edgenta Berhad
Q1FY2024 RESULTS
$EDGENTA / 1368 (UEM EDGENTA BERHAD)

Quarterly rpt on consolidated results for the financial period ended 31/03/2024

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONSUEM EDGENTA BERHAD ("UEM EDGENTA" OR THE "COMPANY")
- PROPOSED ACQUISITION OF 60% EQUITY INTEREST IN KAIZEN OWNER ASSOCIATION MANAGEMENT SERVICES L.L.C ("KOA") AND KAIZEN AMS PROPERTY SUPERVISION L.L.C ("KAMS") (COLLECTIVELY REFERRED TO AS "KAIZEN GROUP") ("PROPOSED ACQUISITION")

OTHERSUEM EDGENTA BERHAD ("UEM EDGENTA" OR "THE COMPANY")
- NOTICE OF THE 61ST ANNUAL GENERAL MEETING

Annual Report & CG Report - 2023

CIRCULAR TO SHAREHOLDERS IN RELATION TO THE:- (A) PROPOSED RENEWAL OF EXISTING SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE; AND (B) PROPOSED NEW SHAREHOLDERS' MANDATE FOR ADDITIONAL RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE

General Meetings: Notice of Meeting

KUALA LUMPUR: UEM Edgenta Bhd’s unit, UEMS Solutions Pte Ltd, has secured hospital support services contracts, valued at up to RM963.49 million, for various hospitals in Singapore over a five-year period.

© New Straits Times Press (M) Bhd

OTHERSUEM EDGENTA BERHAD ("UEM EDGENTA" OR "THE COMPANY")
- ACCEPTANCE OF CONTRACTS FOR THE PROVISION OF HOSPITAL SUPPORT SERVICES IN SINGAPORE BY UEMS SOLUTIONS PTE LTD, AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF THE COMPANY

KUALA LUMPUR: UEM Edgenta Bhd's indirect wholly-owned subsidiary UEMS Solutions Pte Ltd has secured contracts for the provision of hospital support services to various hospitals in Singapore for an estimated total value of RM934.57mil to RM963.49mil.

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RECURRENT RELATED PARTY TRANSACTIONSUEM Edgenta Berhad ("UEM Edgenta" or "the Company")

(I) Proposed Renewal of Existing Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature ("RRPT"); and
(II) Proposed New Shareholders' Mandate for Additional RRPT
(Collectively referred to as "the Proposals")

$EDGENTA / 1368 (UEM EDGENTA BERHAD)
Research by RHB
SELL - TP of RM0.84

"A Disappointing FY23; D/G To SELL"

Downgrade to SELL, with a new MYR0.84 TP from MYR1.04, 16% downside and c.4% yield. UEM Edgenta’s 4Q23 earnings were disappointing, with a 83% YoY decline in core earnings to bring its 2023 numbers to 57%/61% of ours and Street’s expectations. PBT margins across each business segment were lower owing to the impact of cost inflation. We downgrade the stock, as it is currently trading at 0.3SD above its 5-year historical mean, on the back of a lack of near-term re-rating catalysts and cost pressure.

Analyst(s):
Oong Chun Sung
chun.sung@rhbgroup.com

$EDGENTA / 1368 (UEM EDGENTA BERHAD)

UEM Edgenta Bhd will emphasise optimising costs and monetising investments after recognising the impact of the elevated operating expenses had on its financial year ended Dec 31, 2023 (FY23) earnings.

EDGENTA - Notice of Book Closure

UEM Edgenta Surpasses FY2023 Goals with RM2 Billion in New Wins

website: https://cutt.ly/PwN9Utuo
FB: https://cutt.ly/IwN9UtdI

Announcement link: https://cutt.ly/0wN9UtJK
https://cutt.ly/ywN9Uyfy

UEM Edgenta Berhad $EDGENTA / 1368 (UEM EDGENTA BERHAD)

Interim Dividend

Quarterly rpt on consolidated results for the financial period ended 31/12/2023

OTHERSUEM EDGENTA BERHAD ("UEM Edgenta" or the "Company")
- VALUATION OF NON-CURRENT ASSETS

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONSUEM EDGENTA BERHAD ("UEM EDGENTA" OR THE "COMPANY")
- PROPOSED ACQUISITION OF 60% EQUITY INTEREST IN KAIZEN OWNER ASSOCIATION MANAGEMENT SERVICES L.L.C ("KOA") AND KAIZEN AMS PROPERTY SUPERVISION L.L.C ("KAMS") ("PROPOSED ACQUISITION")

WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATORUEM EDGENTA BERHAD ("UEM EDGENTA" OR THE "COMPANY")
- MEMBERS' VOLUNTARY WINDING-UP OF OPERON CONSULTING SDN BHD

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONSUEM EDGENTA BERHAD ("UEM EDGENTA" OR THE "COMPANY")
- PROPOSED ACQUISITION OF 60% EQUITY INTEREST IN KAIZEN OWNER ASSOCIATION MANAGEMENT SERVICES L.L.C AND KAIZEN AMS PROPERTY SUPERVISION L.L.C ("PROPOSED ACQUISITION") (ADDITIONAL INFORMATION)

PETALING JAYA: UEM Edgenta Bhd’s indirect wholly-owned subsidiary, Edgenta International Investments LLC (EII), has entered into a sale and purchase agreement (SPA) and shareholders’ agreement with United Arab Emirates (UAE)-based NW Kaizen Holding Ltd to acquire 60% equity interests in Kaizen Owner Association Management Services LLC and Kaizen AMS Property Supervision LLC.

KUALA LUMPUR: UEM Edgenta Bhd’s indirect wholly-owned subsidiary Edgenta International Investments LLC (EII) has entered into a sale and purchase agreement and shareholders’ agreement with UAE-based NW Kaizen Holding Ltd to acquire 60 per cent equity interests in Kaizen Owner Association Management Services LLC (KOA) and Kaizen AMS Property Supervision LLC (KAMS).

EDGENTA - Trading Halt and Resumption of Trading