UUE Holdings Bhd - Underground Utilities Expert
Wed, 29-May-2024 09:13 am
by Research Team • Apex Research

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UUE (0310)

Target Price (RM)

0.33

Recommendation

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  • UUE is principally involved in the provision of underground utilities engineering solutions for electricity supply and telecommunications industry.
  • Earnings growth recorded at double digit over the past years and is expect to chart similar growth rate over the foreseeable future, riding onto the rapid growth in utilities industry.
  • We ascribe a SUBSCRIBE recommendation to UUE, with a fair value of RM0.33, premised to its attractive valuations coupled with promising growth prospects.
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