UMS Holdings

[DCF]

For UMS, another big benefit come from the drop in cost. Almost all operation are based out of MY and the sustained weakness in ringet means boost in margin and profit. The weakness in oil price, and hence utility help in a similar way.

Having net net cash shield them from increasing interest rate. Having bought all the equipment in the past and not requiring any major capex now help them in avoiding impact of currency risk.

Overall, I think results will show in coming quarter, and beyond