UMS Integration - UOB Kay Hian 2024-11-12: 3Q24 Earnings Still Below Expectations Due To Slow Ramp-up Of New Customer

UMS Integration - 3Q24 Earnings Still Below Expectations Due To Slow Ramp-up Of New Customer

Published:
UMS (SGX:558) | SGinvestors.io
  • 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 an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.



John Cheong UOB Kay Hian Research | https://research.uobkayhian.com/ 2024-11-12



Read also UOB's most recent report:
2025-03-04 UMS Integration - 2024 Earnings In Line, Expect Ramp-up For New Customer..

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 Dividend Payout Dates & Corporate Actions,
UMS News






Advertisement

You May Also Like



SGX Stock / REIT Search

Advertisement

Most Read

Trust Bank Referral Code

Advertisement