UMS Integration - DBS Research 2024-11-11: 3Q24 Results Inline; Expecting Higher Contribution From New Customer

• UMS reported a 16.1% q-o-q improvement in 3Q24 revenue to S$64.9m, although still down 8.9% y-o-y. Net earnings grew 11.5% q-o-q but plunged 32.3% y-o-y to S$10.4m.

3Q24 results inline.

• - Read this at SGinvestors.io -
• the Aerospace segment continued its positive trajectory, with revenue rising 44% y-o-y, driven by the ongoing recovery in the aerospace industry. 3Q24 and 9-month revenue and net earnings account for 26% of our forecasts, inline but below consensus estimates.

Semiconductor outlook improving.

• Read more at SGinvestors.io.

Above is an excerpt from a report by DBS Group Research.
Clients of DBS may access the full PDF report @ https://www.dbs.com/insightsdirect/.

Read also DBS's most recent report:
2025-11-11 UMS Integration - 3QFY25 Margins Improved Despite Weaker Sales.

Previous report by DBS:
2025-05-14 UMS Integration - Gearing Up For Growth.

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 Dividend Payout Dates & Corporate Actions,
UMS News