UMS Holdings

UMS Holdings reports FY2023 earnings of $68.5 million, down 34% - THE EDGE SINGAPORE

Results

UMS Holdings reports FY2023 earnings of $68.5 million, down 34%

UMS plans to pay a final dividend of 2.2 cents per share
UOBKH raises TP for UMS Holdings to $1.85, 19% more than previously ahead of full year results - THE EDGE SINGAPORE

Broker's Calls

UOBKH raises TP for UMS Holdings to $1.85, 19% more than previously ahead of full year results

Analyst John Cheong expects UMS’s performance in the coming months to be supported by “sanguine guidance” of major semicon firms.
RHB analyst has 'overweight' call on consumer, industrials, manufacturing & tech, and some REITs after Budget 2024 - THE EDGE SINGAPORE

Budget 2024

RHB analyst has 'overweight' call on consumer, industrials, manufacturing & tech, and some REITs after Budget 2024

Analyst Shekhar Jaiswal also names “neutral” stocks in finance, healthcare, real estate, telco and retail REIT sectors.

Stocks To Watch

UMS loads up cash to fund capex for industry upturn

UMS Holdings optimistic on year ahead following a bottoming out of the semiconductor industry in 2023.

Broker's Calls

Maybank keeps ‘buy’ on UMS, raises target price to $1.49

Maybank analyst raises target price on UMS Holdings in anticipation of higher 4QFY2023 earnings and year ahead.

Equity raising

UMS raises $51.6 mil after placement was 2.55 times covered

The placement shares will enlarge UMS’s share base by 5.97% to just over 710.5 million shares.

Equity raising

UMS seeks to raise up to $52 million via placement by CGS-CIMB

If all 40 million shares are sold, UMS will see its share base increase by 5.97% to just over 710.5 million shares
Chip recovery to help manufacturing turn corner in 2024 - THE EDGE SINGAPORE

Sector Focus

Chip recovery to help manufacturing turn corner in 2024

Singapore's semiconductor segment has already seen a bottoming and is staging a return in the coming year.

Broker's Calls

Analysts overall pleased with UMS Holdings following 3QFY2023 results

UMS’s earnings stood in-line or above expectations.
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