<div class=newsTextDataWrapInner><p>KUALA LUMPUR (April 17): Hong Leong Investment Bank (HLIB) has maintained its “buy” rating on UMediC Group Bhd (UMC) at 62.5 sen with an unchanged target price (TP) of 91 sen and said UMC's expansion efforts post completion of its new facility aim to double manufacturing capacity to 600,000 units per month by Dec 2024.</p></div>

<div class=newsTextDataWrapInner><p>In a company update on Wednesday, the research house said it also sees potential for further expansion beyond this expansion initiative, considering the robust demand for own manufactured products.</p></div>

<div class=newsTextDataWrapInner><p>“Its pivot towards healthcare services, evidenced by UMC Care Centre, also underscores its diversification strategy.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“Our TP represents a P/E multiple of 26.5x, tagged to its CY24f EPS of 3.4 sen,” it said.</p></div>

<div class=newsTextDataWrapInner><p>HLIB said it continues to like UMC, driven by its strong capacity expansion efforts.</p></div>

<div class=newsTextDataWrapInner><p>“The recent Main Market transfer approval is also expected to garner greater institutional interest and bolster share price upon completion.</p></div>

<div class=newsTextDataWrapInner><p>“We advocate investors eyeing long-term growth to accumulate on share price weakness,” it said.</p></div>


KUALA LUMPUR (April 17): Hong Leong Investment Bank (HLIB) has maintained its “buy” rating on UMediC Group Bhd (UMC) at 62.5 sen with an unchanged target price (TP) of 91 sen and said UMC's expansion efforts post completion of its new facility aim to double manufacturing capacity to 600,000 units...

HLIB advocates investors to accumulate UMediC on share price weakness

The global frenzy in AI has turned an obscure Japanese company into a stock-market star.

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The two leaders, accompanied by several ministers, held a bilateral meeting starting at 11.10am (10.10am Malaysian time) for about an hour where they touched on the achievements and progress made since both countries established diplomatic ties 64 years ago, and the future direction to be taken.

Anwar, Yoon hold talks on Malaysia-South Korea ties

Recognising Malaysia’s top property players

China’s central bank kept a policy loan rate unchanged after last cutting it in September, as the authorities stay patient in ramping up monetary stimulus.

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Liquidity is estimated at RM30.66 billion in the conventional system and RM18.63 billion in Islamic funds.

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Sime Darby Property takes top spot at The Edge Malaysia Top Property Developers Awards 2024

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<p>Economists expect Chinese exports to reach a historical high this year as customers rush to front-load orders given President-elect Donald Trump’s threat of higher tariffs when he takes office in January.</p>


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Russia says US using Taiwan to stir crisis in Asia

<p>A US agency that agreed to lend more than US$500 million (RM2.46 billion) to an Adani Group-backed port development in Sri Lanka said it’s still conducting due diligence on the project, following bribery allegations against the conglomerate’s billionaire founder and other top executives.</p>


US development agency conducting due diligence on Adani’s Sri Lanka project

<div class="ceonothumb pb-5 imgw-800 mx-auto d-block"><a class="mobx embedimg-icon" data-desc="Ho (back row,centre), The Edge Malaysia editor-in-chief Kathy Fong (front row, second from left) with the City &amp; Country team — (front row, from left)  writer Priya Devan, senior editor E Jacqui Chan, ...

Note from the publisher: Raising the bar for real estate excellence

<p>Brazilian meatpackers have reportedly stopped supplying meat to the Carrefour group in Brazil after the retailer's global CEO vowed to keep South American meat off its shelves in France in solidarity with French farmers, according to local media reports that cited anonymous industry sources.</p>


Brazilian meat suppliers stop deliveries to local Carrefour retailers, media say

<p>The year is looking good for Sime Darby Property Bhd (KL:SIME­PROP). After achieving record-high revenue and operating profit — since its demerger in 2017 — of RM3.4 billion and RM606.4 million respectively in FY2023, ended Dec 31, the group has chalked up its strongest nine-month performance to date for the period ended Sept 30 with a 35% increase in revenue to RM3.27 billion, while operating profit grew 51% to RM729.5 million.</p>


On a transformation trajectory

<p>New Zealand retail spending fell for a second straight quarter as high interest rates dented consumer sentiment, adding to signs the economy was in recession in the middle of the year.</p>


New Zealand retail spending slows again, pointing to recession

<p>China will expand its visa-free arrangements to include Japan, Bulgaria, Romania, Croatia, Montenegro and other countries, effective from Nov 30, 2024, to Dec 31, 2025, a foreign ministry spokesperson said&nbsp;last Friday.</p>


China expands visa-free access to Japan, Bulgaria and other countries

<p>LONDON (Nov 25): British workplaces rank among the worst in Europe for long hours, tight deadlines and limited autonomy, without being any more productive, according to a report prepared as the new Labour government plans tougher rules for employers.</p>

<p>Three fifths of the workforce report...

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<p>The Australian government on Monday will introduce legislation to implement production tax incentives for renewable hydrogen and critical minerals to help boost investment in the sector, which could play a major role in energy transition plans.</p>


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<p>The Edge Malaysia-PAM Green Excellence Award debuted 14 years ago to recognise green buildings with outstanding and exemplary attributes beyond those embraced for formal green building certification.</p>


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<p>As small and medium enterprises (SMEs) grapple with the complexities of cross-border payments in an increasingly digitalised world, fintech companies are stepping in to transform the landscape. These companies offer solutions that traditional banks may lack — for instance, covering payment servic...