Tng not only expects UMS to report a stronger 2HFY2026 (due to customer order skewed towards the second-half of the year), he thinks that there is a possibility for UMS to report a 1QFY2026 net profit of around $12.2 million, representing a 10% q-o-q and 24% y-o-y increase.
Among the stocks to outperform the Straits Times Index (STI) this year is semiconductor equipment manufacturer UMS Integration. Closing at $1.79 on April 15 and accounting for the 1-for-4 bonus share issue, the counter has risen by around 57% since the start of 2026, compared to the STI’s 8% gain.
For CGS International (CGSI) analyst William Tng, he believes that the counter, listed on both SGX and Bursa Malaysia, has not yet reached its ceiling. In his April 15 report issued after trading hours, Tng is reinforcing his “add” call with a higher target price of $2.23, up from the previous $1.88 issued on March 2.
