UMS Integration - DBS Research 2026-06-23: JEP Upswing Adds Earnings Tailwind

• We visited JEP (SGX:1J4)’s manufacturing facilities to assess its order momentum, operational visibility, and growth outlook, with a view to deriving readthroughs for UMS Integration (SGX:558), which owns ~80% of JEP and contributes ~17% of FY25 revenue and <10% of net profit.

• - Read this at SGinvestors.io -
• - Read this at SGinvestors.io -

JEP positioned for double-digit growth from FY2026, with improving margins.

• Read more at SGinvestors.io.

DBS Group Research | https://www.dbs.com/insightsdirect/ 2026-06-23

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