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UWC Drops to 52 Weeks Low, after 10 Days of Continuous Fall
Short selling in UWC Bhd has been suspended again after its share price dropped more than 15 per cent. As of 10.43am, the stock's share price slipped 14.22 per cent or 29 sen, to RM1.75 from Wednesday's closing price of RM2.04. View original at Short selling in UWC suspended again | New Straits Times
UWC Berhad $UWC (5292.MY)$ is a Malaysia-based investment holding company. UWC is an integrated engineering service provider, offering one-stop solutions to companies across the semiconductor, life science, and medical technology industries. The company operates through 2 segments, Investment holding, and Provision of precision sheet metal fabrication, precision machined components, value-added assembly services, and other related activities.
Source: The Edge Malaysia
Brief financial recalls.
In the past quarter reports, the last double digits PAT was recorded in the 1st QR of 2023, with a PAT of RM19.1million. The following QRs did not exceed RM5 million of PAT, with the lowest PAT recorded in the 3rd QR of 2023, only RM1.9 million.
In the past quarter reports, the last double digits PAT was recorded in the 1st QR of 2023, with a PAT of RM19.1million. The following QRs did not exceed RM5 million of PAT, with the lowest PAT recorded in the 3rd QR of 2023, only RM1.9 million.
Brief shareholdings recall.
As of 4 Sep 2024, ABRDN has emerged as a substantial shareholder of UWC, with 55.137 million of shares acquired. Besides, EPF is also a substantial shareholder of UWC, with an amount of 8.327% of shares, or approximately 91.75 million shares.
As of 4 Sep 2024, ABRDN has emerged as a substantial shareholder of UWC, with 55.137 million of shares acquired. Besides, EPF is also a substantial shareholder of UWC, with an amount of 8.327% of shares, or approximately 91.75 million shares.
Technical chart.
From 22 Aug 2024, UWC has started dropping for 11 days (including today) from RM2.79 to the lowest, RM1.67 on 5 Sep 2024 (today), which translates to approximately 40.14% loss. Based on the RSI, it is oversold. Referring to the Moving Average 200, it is a downtrend.
From 22 Aug 2024, UWC has started dropping for 11 days (including today) from RM2.79 to the lowest, RM1.67 on 5 Sep 2024 (today), which translates to approximately 40.14% loss. Based on the RSI, it is oversold. Referring to the Moving Average 200, it is a downtrend.
Interestingly, UWC was one of the popularly traded semiconductors-related stocks a few years back, which recorded its highest at RM7.35 on 16 Feb 2021 (counting the stock split/bonus issue).
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Disclaimer: The above content is not an investment advisory service and does not purport to tell or suggest which securities or stocks customers should buy or sell for themselves. It should not be assumed that the methods, techniques, or indicators presented above will be profitable or will not result in losses. You should not rely solely on the information in making any investment. Rather, you should use the information only as a starting point for doing additional independent research to allow you to form your own opinion regarding investments.
By: Jshen Ng
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