- UMS (SGX:558)’s 6-month outlook remains robust with a large order backlog from its key customer. Management said that a slightly weaker forecast by its key customer is unlikely to impact its performance.
- - Read this at SGinvestors.io -
High possibility of a new large customer
- - Read this at SGinvestors.io -
- Management says it is in active discussion with a potential new semi-con customer who will likely absorb the plant’s entire output. Judging from the fact that it made the investment, we reckon there is a high probability of success and this would help UMS diversify away from its single-largest customer, which currently generates more than 80% of its revenue.
Attractive yield of 4.9% for FY23E
- Read more at SGinvestors.io.
