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We still see UMS Integration (SGX:558) as a long-term beneficiary of the semiconductor sector’s artificial intelligence (AI)-led growth. Growth over the short to medium term should be driven by an increase in semiconductor equipment spending, a ramp-up in new customer orders, and margin expansion.
- - Read this at SGinvestors.io -
Looking to expand in Vietnam.
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UMS announced that it has entered into an MOU with the founding shareholders of Viet Nguyen Mechanical Precision Company, Central Metal Mechanical Company, and Global Metal Plating Company to restructure the business under a new company, in which UMS will hold 51.6% for an investment consideration of ~US$3.6m.
- - Read this at SGinvestors.io -
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UMS’s strategic objective is to expand its manufacturing footprint and enhance its precision engineering capabilities in South-East Asia. UMS's CEO Andy Luong has prior experience in Vietnam, having previously acquired his machining skills there, through his experience working in his family’s machining business. As of FY25, UMS does not have factories or properties located in Vietnam.
Firm outlook ahead.
- 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/.
Alfie Yeo RHB Securities Research | https://www.rhbgroup.com/ 2026-07-09
Previous report by RHB:
2026-05-19 UMS Integration - New Customer Orders Driving Growth; Maintain BUY.
Price targets by 3 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
