- UMS Integration (SGX:558) reported 3Q24 earnings of S$10m (-32% y-o-y/+12% q-o-q), which are below expectations, with 9M24 earnings meeting only 69% of our full-year estimate.
- UMS's interim dividend for 3Q24 was lowered by 20% y-o-y to 1.0 cents. The weak results imply that the indicative orders from Lam Research have not come through meaningfully yet.
3Q24 revenue declined 9% y-o-y due to weaker semiconductor segment.
- - Read this at SGinvestors.io -
- - Read this at SGinvestors.io -
- Sales in Singapore slumped 14% y-o-y due to lower semiconductor component sales.
- Revenue from Taiwan fell 35% y-o-y on lower sales of component spares.
UMS expects market uncertainties to continue.
- 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/ 2024-11-12
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
