A specialist in precision machining and sheet metal fabrication, especially in the front-end semiconductor segment – UMS Integration (SGX:558) provides high-precision front-end semiconductor components, equipment, and engineering solutions to semiconductor original equipment manufacturers (OEMs).
- Read this at SGinvestors.io -
Benefitting from positive semiconductor outlook.
UMS offers a recovery play on the front-end semiconductor segment. The wafer fab equipment segment is expected to grow by 7% y-o-y in 2025 and 10% y-o-y in 2026 (2024: +10% y-o-y), according to Semiconductor Equipment and Materials International’s (SEMI) latest Mid-Year Total Semiconductor Equipment Forecast – OEM Perspective report.
- Read this at SGinvestors.io -
investment in capacity expansion; and
leading edge production from chip innovations on the back of artificial intelligence (AI) applications, data centres, high-performance computing, and automotive electrification.
This makes UMS a key beneficiary of the semiconductor equipment growth trend.
UMS's share price trades at ~17x FY26F P/E on 19% FY24-27F earnings CAGR based on Bloomberg estimates.
New customer and Penang facility to drive growth.
Read more at SGinvestors.io.
Above is an excerpt from a report by RHB Securities Research. Clients of RHB may be the first to access the full PDF report @ https://www.rhbtradesmart.com/.
