UMS Holdings

Views from the trenches: Listcos given unfair valuations - THE EDGE SINGAPORE

Singapore news

Views from the trenches: Listcos given unfair valuations

Undervalued shares can't be used to as acquisition currency to capture regional growth opportunities

Semiconductor

US extends investigation into chip-gear maker Applied Materials

Applied Materials is the biggest US maker of chip-manufacturing gear.

Insider moves

UMS insiders, AEM independent director raise respective stakes; DBS CEO gains $13.8 mil in sale

UMS has a new Penang plant well positioned to capture new growth opportunities

Semiconductor

Applied Materials forecast fails to impress following rally

'This year is not going to be significant growth year for us'
UMS shares down as much as 15.9% following lower than expected 1QFY2024; DBS maintains 'buy' call on expected uptick - THE EDGE SINGAPORE

Broker's Calls

UMS shares down 15.9% following weak 1QFY2024; Maybank downgrades to 'sell'

The company's new plant in Penang is poised to capture uptick in demand, including that from a new customer

Results

UMS Holdings reports lower earnings for 1QFY2024 earnings but outlook 'brightening'

UMS plans to pay a higher interim dividend of 1.2 cents, up from 1 cent paid in the year earlier

Broker's Calls

CGS International lowers UMS’s TP as they see ‘downside risk’ to its FY2024 net profit estimate

Analyst William Tng sees that the group’s share price is likely to bottom out after its “weak” 1QFY2024 performance.
GKE resumes buybacks after 42 months; Luong streamlines hold over JEP - THE EDGE SINGAPORE

Insider moves

GKE resumes buybacks after 42 months; Luong streamlines hold over JEP

GKE Corp reported better earnings for its logistics business and some 'gradual recovery' in its China construction materials unit

Broker's Calls

Nvidia, UMS and Venture named as AI plays as AI dominates recent earnings season: DBS

AI-driven sectors are “leading the charge”, says the team at DBS Group Research.

Broker's Calls

Analysts mixed on UMS after FY2023 results; Maybank downgrades to ‘hold’

DBS Group Research sees a rosy outlook while Maybank Securities sees short-term headwinds.
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