UMS Integration

Semiconductor

Applied Materials forecast spurs concern about chip spending

'AI is the big driver for the entire industry'

Broker's Calls

Analysts upgrade UMS to ‘hold’ with higher TPs despite disappointing 3QFY2024 results

Analysts from Maybank Securities and UOB Kay Hian have new target prices of $1.03 and 95 cents respectively.

Results

UMS reports 32% y-o-y decline in 3QFY2024 earnings to $10.4 mil

UMS maintains its interim dividend of 1 cent for 3QFY2024, bringing its total dividend payout to shareholders to 3.2 cents for the 9M2024.

Insider moves

UMS founder and CEO Andy Luong acquires 600,000 shares from the market for $589,500

Shares in UMS closed 0.5 cents higher or 0.5% up at $1 on Sept 13.
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