- We see UMS Integration (SGX:558) as a long-term beneficiary of the semiconductor sector’s growth, driven by an increase in semiconductor equipment spending, a ramp-up in new customer orders, and margin expansion.
- - Read this at SGinvestors.io -
FY25 earnings largely in line.
- Revenue grew 4% y-o-y to S$251m, while core earnings grew 5% y-o-y to S$45m. Revenue growth was driven by the semiconductor segment, offset by a decline in the aerospace segment.
- Semiconductor segment revenue grew 5% y-o-y to S$215m, led by component sales (+10% y-o-y, S$121m), while integrated sales were flattish (-1% y-o-y) at S$94m. Aerospace revenue declined to S$25m (-7% y-o-y) due to delayed delivery from some customers. There were more orders from its new key customer, as Malaysia sales grew 91% y-o-y to S$33m. Component sales shipment to its new key customer in Taiwan drove revenue from the country up 10% y-o-y to S$18m.
- - Read this at SGinvestors.io -
- A final dividend of 2 cents per share was declared, bringing total UMS's dividends per share for the year to 5 cents.
New customer orders to drive production ramp up and growth going forward.
- Read more at SGinvestors.io.
