- 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.
Above is the excerpt from report by Maybank Research.
Clients of Maybank Securities may be the first to access the full report in PDF @ https://www.maybanktrade.com.sg/.
Jarick Seet Maybank Research | https://www.maybank-ke.com.sg/ 2023-01-09
Read also Maybank's most recent report:
2024-08-14 UMS - 2Q24 Disappoints; Outlook Still Muted.
Previous report by Maybank:
2024-05-13 UMS - Downgrade To SELL; Losing Market Share.
Price targets by 2 other brokers at UMS Target Prices.
Listing of research reports at UMS Analyst Reports.
Relevant links:
UMS Share Price History,
UMS Announcements,
UMS Dividends & Corporate Actions,
UMS News Articles
