PETALING JAYA: Despite the challenging environment, UEM Edgenta Bhd
’s regional expansion, technology commercialisation and strategic venture into Covid-19 solutions offerings are expected to help the company mitigate the impact of the pandemic on its earnings.
In addition, the asset management and infrastructure solutions’ robust order book of RM12bil is expected to support a net profit compounded annual growth rate of 73% for the financial years ending Dec 31, 2021 (FY21) to FY23.
According to UOB Kay Hian Research (UOBKH), UEM Edgenta is one of the major laggards among the economic recovery plays in Malaysia, and its shares are still trading close to multi-year lows at -1 standard deviation (SD) of its five-year average price-earnings (PE) of 15 times.
...