- UMS's 3Q23 earnings of S$15m (-64% y-o-y/+32% q-o-q) were in line with expectations, with 9M23 earnings of S$44m (-46% y-o-y) forming 73% of our full-year estimate. UMS benefitted from improved material margins which grew 0.7ppt y-o-y due to higher US$/S$ exchange rates and renewal of its integrated system contract with its key customer.
- - Read this at SGinvestors.io -
3Q23 earnings in line with expectations, margins expanded due to forex and new contract terms.
- UMS Holdings (SGX:558) reported 3Q23 earnings of S$15m (-64% y-o-y/+32% q-o-q), with 9M23 earnings of S$44m (-46% y-o-y) being in line, forming 73% of our full-year estimate.
- - Read this at SGinvestors.io -
Revenue continued to show signs of stabilisation
- Read more at SGinvestors.io.
Above is the excerpt from report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full report in PDF @ https://www.utrade.com.sg/.
John Cheong UOB Kay Hian Research | https://research.uobkayhian.com/ 2023-11-15
Read also UOB's most recent report:
2024-02-20 UMS - Revenue Recovery & Positive Outlook Of Key Customer; Raise Target Price By 19%.
Price targets by 3 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
