UUE Holdings (0310) Share Price Hits a Record Close — Can It Break Out? (August 2026)

In July we asked why the AI-energy rally had skipped UUE Holdings. On 12 August the stock closed at 62.5 sen — the highest close in its listed history. So the breakout question has an answer, and it is not the simple one.

Yes — on closes. Not yet on the high.

• It is a record close. 62.5 sen beats the 61.7 sen of 12 July 2024 — the best close in 523 sessions since listing.
• It is not a record high. The listing week printed 64.3 senintraday. Today’s high was 63.5 — still about 2.9% under it.
• The move has volume behind it. Twenty-day average volume is running 1.69× the sixty-day average.

But the whole basket ran

• Six of ten beat 16%. HE Group leads at +25.0%; the FBM KLCI is −0.1% over the same stretch.
• So the July gap closed. Our case was that the theme had rerated everyone except UUE. It has now caught up.

What that costs the original case

• The headline number inverted. In July the order book was bigger than the company: RM536.4m against a RM479m market cap.
• Now it is the other way round. At 10 August: RM515m book against RM538m — 0.96×, and lower again after today’s rise.
• A rising price shrinks the ratio. Mechanically. The book did not shrink much — the market caught up to it.

What to watch

• 64.3 senThe only level with history above it. Above there the stock has never traded.
• Late SepQ2 FY27 results. Q1 net profit was RM9.04m against RM1.69m a year earlier — that is the comparison to keep beating.
• OngoingSingapore.The record book was built on Konnection’s cable contracts there, not only on TNB work at home.
• Your sideLive price and five quarters of filings on our UUE stock page.

The two we have written before

• 17 July — the original case. A record order book bigger than its market cap, while peers rerated without it.
• 10 August — the whole field. All ten grid and data-centre contractors compared on book versus market value.

Sources & further reading

• The Edge — UUE’s largest Singapore contract lifts the order book to a record
• The Star — two more Singapore contracts worth RM68m (Feb 2026)
• i3investor — UUE (0310) announcements and filings
• Yahoo Finance chart data — daily closes since listing, computed 12 Aug 2026