- 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.