Analysts from UOB Kay Hian and Maybank Kim Eng have both lowered their target prices on Aztech Global, but have maintained their “buy” calls despite the company missing expectations for its 3QFY2021 results. UOB KH’s John Cheong and Clement Ho adjusted their target price from $1.86 to $1.70, w...

Maybank Kim Eng’s Lai Gene Lih still remains optimistic on Singapore’s semiconductor industry despite the recent dip in share prices, giving buy ratings to all three stocks under its coverage, namely AEM Holdings, UMS Holdings, and Frencken Group. Lai’s target prices for AEM, UMS and Frencken ...

Maybank Kim Eng analyst Thilan Wickramasinghe believes that new measures to support the domestic economy market could potentially catalyse a “longer-term reshaping” of the Singapore Exchange’s (SGX) listing mix. In a Sept 16 research note, Wickramasinghe says the move could see a shift away ...

UOB Kay Hian analyst Clement Ho has maintained his “buy” call on Frencken Group and raised his target price from $2.52 to $2.62 after its $14 million acquisition of aerospace and semiconductor focused company Avimac. In a Sept 15 report, Ho says that he believes this “bite-sized acquisition wo...

Maybank Kim Eng analysts Thilan Wickramasinghe and Gene Lih Lai are convinced that a new phase is about to unfold for the Straits Times Index (STI). In a Sept 7 research note, the analysts note that earnings momentum is losing some steam, with half of Maybank Kim Eng’s coverage sectors witnessing ...

CGS-CIMB Research analyst William Tng still remains optimistic on companies in the semiconductor industry, giving “add” calls to all the companies under its coverage. In a sector report, Tng noted that the Semiconductor Industry Association (SIA) announced that global semiconductor industry sale...

Analysts from DBS Group Research, Maybank Kim Eng and CGS-CIMB Research have improved their forecasts on UMS holdings, with DBS and Maybank raising their target prices and CGS-CIMB raising its revenue forecast for the FY2021 to FY2023. All three brokerages have maintained their “add” and “buy�...

UMS Holdings has reported 2QFY2021 earnings of $16.9 million, up 46% y-o-y. Revenue in the same period hit $66.8 million, up 66% y-o-y, thanks to sustained growth in the semiconductors industry, which the company services. On top of an interim dividend of one cent, UMS plans to issue one bonus share...

PRECISION engineering group UMS Holdings posted a 46 per cent increase in net profit to a record S$16.9 million for the second quarter ended June 2021, on the back of strong global demand for semiconductors.

UOB Kay Hian has added Genting Singapore to its Alpha Picks after the portfolio saw a flat performance for the month of July versus the Straits Times Index (STI). “On both price- and market cap-weighted basis, our Alpha Picks portfolio rose 1.3% and 1.5% respectively and was in line with the STI�...