- We expect UMS to report S$16m in 4Q23 earnings (+0% y-o-y/+7%qoq), its first q-o-q earnings recovery since the semiconductor industry went into a downcycle in 1Q23.
- In AMAT’s 1QFY24 results, its semiconductor segment recorded its second consecutive q-o-q revenue growth since it started declining three quarters ago. AMAT also sees improving market dynamics in the semiconductor industry. These trends bode well for UMS.
- - Read this at SGinvestors.io -
Key customer reported positive trends in the latest 1QFY24 results.
- UMS (SGX:558)’s key customer, Applied Materials (AMAT), reported its 1QFY24 results in Feb 24, with its semiconductor segment recording its second consecutive q-o-q revenue growth since it started declining three quarters ago.
- - Read this at SGinvestors.io -
AMAT is seeing improvement across the semiconductor industry.
- 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/ 2024-02-20
Previous report by UOB:
2023-11-15 UMS - 3Q23 results In Line With Expectations; Outlook Remains Buoyant.
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
