The research house has raised its FY17F/18F earnings estimates by 67% and 79% respectively as orders from the positive semiconductor equipping trend kicks in, and is in the opinion of a rosy outlook for this segment ahead.
SINGAPORE (May 17): DBS Vickers Securities is maintaining its “buy” call on precision engineering group UMS Holdings, raising its target price on the stock to $1.07 from 73 cents previously after the group recorded its highest quarterly earnings in over a decade.
(See also: UMS 1Q earnings treble to $11.2 mil on doubling of sales)
