UMS expects to benefit from the AI-driven global chip sector rebound and rising shift of global semiconductor supply chains.
UMS has won a new project with its first key customer and is exploring a bonus issue to reward shareholders and improve liquidity.
2Q25 earnings in line with expectations.
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UMS improved its bottom line despite incurring higher expenses and a foreign exchange loss of more than S$2.8m (vs a gain of S$0.1m in 2Q24). Excluding forex, core earnings grew 45% y-o-y. UMS’ gross margin rose to 54.2% from 53.6% in 2Q25 due to the change in product mix.
2Q25 revenue grew 20% y-o-y due to stronger semiconductor segment.
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Geographically, all of UMS' key markets except the US posted higher revenue in 2Q25. Revenue in Malaysia surged 270% in 2Q25 from the stronger order flow from the new major customer while Singapore's sales climbed 15% on the back of higher overall semiconductor sales.
UMS expects brighter prospects.
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/.
