Analysts from RHB Group Research and UOB Kay Hian are keeping their “overweight” call on the Singapore technology sector.To RHB analyst Jarick Seet, his call comes despite potential headwinds such as rising operational costs that may erode margins and amid a potential slowdown in the semiconduct...

SAC Capital analyst Lim Shu Rong has upgraded UMS Holdings to “buy” with an increased target price of $1.55 from $1.39 after the company’s results for the 1QFY2022 ended March exceeded her expectations.For the quarter, UMS’s revenue rose 71% y-o-y to $84.7 million, which stood at 28% of Lim�...

CGS-CIMB Research analysts Lock Mun Yee, Lim Siew Khee, as well as the Singapore research team are advocating investors stay defensive in the near-term.“We expect the market to remain volatile with increased external risks,” the analysts write in their strategy note dated May 26.With this, the a...

SAC Capital has upgraded its call on UMS Holdings to “buy” from “hold”, with a higher target price of S$1.55 compared to S$1.39 previously, after the mainboard-listed precision engineering company exceeded its projections for Q1 FY2022.

MAINBOARD-LISTED precision-engineering company UMS Holdings’ net profit for the first quarter ended Mar 31, 2022 rose 26 per cent year on year to S$19.4 million from S$15.4 million previously.

JEP Holdings has received a query from the Singapore Exchange Regulation (SGX RegCo) after shares in the company spiked some 4 cents or 10.67% to 41.5 cents on April 18.The market regulator, at 3.16pm on the same day, issued a query to company to ask if it was in compliance with the listing rules.SG...

Rather than trying to spend heavily and compete head-to-head, smaller foundries tend to expand by focusing on chips that are technologically more mature or older. As Ling of DBS points out, there will still be demand for lower-end chips similar to those found in basic consumer electronic products. A...

DBS Group Research and Maybank Securities have lowered their target prices on semiconductor equipment manufacturer, UMS Holdings, as they factor in higher effective tax rates into their forecasts.

Semiconductor equipment manufacturing firm UMS Holdings has reported a staggering 593% surge in earnings for its 4QFY2021 ended December 2021. Its 4QFY2021 came in at $7.2 million, compared to $1.04 million in the same period a year ago. 4QFY2021 revenue came in at $87.2 million, a 98% jump compared...

Despite a lacklustre IPO in 2019, Grand Venture Technology has turned out to be one of the better performing manufacturing stocks in the past year. Will the company’s recent acquisition spree help keep this uptrend intact? See also: Even after big price cuts, these tech stocks are no bargainsSee a...

UMS Holdings, the controlling shareholder of JEP Holdings, has increased its stake in the subsidiary. On Dec 10, UMS acquired 239,600 shares for $66,788.50, which works out to an average of 27.9 cents each. That brings UMS’s stake in JEP to 297.4 million or 72.01%, from 71.96% previously. On Dec 7...

The benchmark Straits Times Index (STI) is expected to reach 3,500 points by the end of 2022, according to UOB Kay Hian analyst Adrian Loh and the Singapore research team. Loh’s estimate implies a 13% upside from the STI’s current levels It also underlines his underlying bullishness or the year ...

DBS Group Research analysts Yeo Kee Yan, Chung Wei Le, as well as their colleagues Janice Chua, Dennis Lam, Byron Lam and Chanpen Sirithanarattanakul say investors should expect market swings in the Asian region amid the ongoing Covid-19 pandemic. Sentiment in 2022 will swing between the optimism of...

Analysts from four brokerages have all maintained their “buy” or “add” calls on UMS Holdings, with three raising their target prices. Target prices from DBS Group Research, Maybank Kim Eng, CGS-CIMB Research and UOB Kay Hian are at $1.80, $1.71, $1.63 and $1.66 respectively The previous targ...

MAINBOARD-LISTED UMS Holdings' 558 net profit rose to S$15.1 million for its third quarter ended Sep 30, 2021, up 17 per cent from the S$12.9 million posted last year.