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�...

UOB Kay Hian’s Singapore research team has given “buy” ratings for all of the tech manufacturers under its coverage. In an Aug 4 report, the brokerage said industrial production in Singapore and Malaysia showed a strong double-digit yoy recovery in 2Q2021. As such, this should benefit the manu...

CGS-CIMB Research analyst William Tng has maintained his “add” call on UMS Holdings and raised his target price to $1.97 from $1.58. In an Aug 2 report, Tng says this is a “rare 3-year earnings upcycle” for UMS, and expects it to report a minimum 33% y-o-y growth rate for its 2QFY2021 net pr...

UOB Kay Hian Research’s Clement Ho has maintained his “buy” call on UMS Holdings and increased his target price from $1.65 to $1.92. The higher target price comes as the near-term supply shock from the chip shortage situation would transition into longer-term demand sustainability due to emerg...

UMS Holdings' offer for Catalist-listed JEP Holdings has closed with valid acceptances representing 71.66 per cent of the total number of JEP's shares, announced UMS in a filing on Thursday morning.

Maybank Kim Eng’s Lai Gene Lih is optimistic about Singapore’s tech manufacturing sector despite the global chip shortage. Lai maintains his “positive” rating on the sector, saying that he prefers companies with wafer front end (WFE) exposure, as these are beneficiaries of current chip short...

UMS Holdings' offer for Catalist-listed JEP Holdings has closed with valid acceptances representing 71.66 per cent of the total number of JEP's shares, announced UMS in a filing on Thursday morning.

Parkway Life REIT Price target: CGS-CIMB “add” $4.80 Impending master lease renewal raises prospects of higher distributions CGS-CIMB Research is upgrading its call on Parkway Life REIT (PREIT) to “add” from “hold” with a higher target price of $4.80 from $4.11 previously. In a...

Analysts from CGS-CIMB Research, Maybank Kim Eng and KGI Research are upbeat on UMS Holdings after its 1QFY2021 ended March earnings beat their estimates. CGS-CIMB kept its ‘add’ call, while Maybank Kim Eng and KGI kept their ‘buy’ and ‘outperform’ ratings. All three brokerages raised ta...

DBS Group Research’s Ling Lee Keng has maintained her “buy” call and raised her target price for UMS Holdings to $1.83 from $1.57. In a May 11 report, Ling noted “a strong start to the year” for UMS, pointing out that the company has recorded 1QFY2021 revenue of $49.6 million, which is up ...