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CGSI resumes coverage on UMS with ‘add’ call; sees new customer to drive growth

Felicia Tan
Felicia Tan • 2 min read
CGSI resumes coverage on UMS with ‘add’ call; sees new customer to drive growth
UMS Integration's CEO Andy Luong. Photo: Albert Chua/The Edge Singapore
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CGS International analyst William Tng has resumed his coverage on UMS Integration with an “add” call and target price of $1.87.

The brokerage last covered the Mainboard-listed company in May 2024. It had a “hold” call on UMS with a target price of $1.06 then.

This time, Tng is more optimistic about UMS, given that it still managed to report a higher set of numbers for the 1HFY2025 ended June 30, despite geopolitical tensions and market uncertainties from the US trade tariffs.

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