DBS’ Ling Lee Keng has raised her target price from $1.83 to $2.16, while Maybank’s Lai Gene Lih has upped his target price from $1.80 to $2.10.
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” calls.
