semiconductor industry

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KGI has upgraded UMS Holdings, which provides equipment and manufacturing services for the semiconductor industry, to ‘neutral’, with a new target price of 89 cents from 74 cents previously.

2H20 is looking good for this stock

The semiconductor industry is booming and these stocks are under the spotlight

This stock is expected to reach an all-time high

Maybank Kim Eng Research analyst Lai Gene Lih says that stocks such as UMS Holdings and AEM Holdings are not only unlikely to face disruptions from the Covid-19 pandemic, but are also poised to thrive on strong outlooks from their key customers.

On the back of improved performance, UMS is proposing a 1.0 cent tax-exempt interim dividend that is slated to be paid out on July 28. This dividend is also double that of the 0.5 cent dividend paid out last year.

“Semiconductors serve as the backbone to all things tech. Hence, we remain fairly confident for the industry,” KGI analyst Kenny Tan tells The Edge Singapore.