UMS Integration - UOB Kay Hian 2025-07-16: Expect Good Results & Multiple Re-rating; Raise Target Price By 31% To S$1.73

• We expect multiple positive catalysts ahead for UMS:
  1. In its latest outlook, UMS expects to achieve its double-digit revenue growth guidance for 2Q25 as it continues to see healthy orders from its key customers who remain positive in their latest guidance;
  2. - Read this at SGinvestors.io -
  3. higher market engagement.

Healthy orders from new customer; expect UMS to meet our 2Q25 earnings estimate of S$11m.

• UMS Integration (SGX:558) continues to see healthy orders from its new customer while the order from old customer remains stable. Also, it expects to see revenue for its integration system catch up with our estimate in 2Q25, after successfully resolving the supply disruption issues in 1Q25. Hence, we expect UMS to deliver on its earnings estimate of S$11m (+12% y-o-y and q-o-q) for 2Q25.
• - Read this at SGinvestors.io -

Dual listing in Bursa Malaysia has attracted strong investor interest; valuation gap with Malaysian listed peers should narrow subsequently.

• 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/.

Previous report by UOB:
2025-06-12 UMS Integration - Key Takeaways From Malaysia NDR.

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