UMS Holdings - UOB Kay Hian 2023-08-16: 2Q23 Below Expectation But Optimistic Outlook Ahead; Upgrade To BUY

UMS Holdings - 2Q23 Below Expectation But Optimistic Outlook Ahead; Upgrade To BUY

Published:
UMS (SGX:558) | SGinvestors.ioUMS (SGX:558)
  • UMS's 2Q23 earnings of S$12m (-20% y-o-y) was below expectations, with 1H23 earnings forming 39% of our full-year estimate. 2Q23 revenue fell 14% y-o-y due to a decline in the semiconductor and others segments.
  • - Read this at SGinvestors.io -
  • Upgrade UMS to BUY and raise target price by 28% to S$1.24.

2Q23 earnings below expectation.



Advertisement

You May Also Like




SGX Stock / REIT Search

Advertisement

Most Read

Trust Bank God Of Fortune Referral Code PGKPSWAE Trust Bank Referral Code 🎁

Advertisement