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DBS keeps UMS's earnings forecast unchanged after record 1QFY2022

Felicia Tan
Felicia Tan • 3 min read
DBS keeps UMS's earnings forecast unchanged after record 1QFY2022
DBS has kept its target price unchanged at $1.70. Photo: Bloomberg
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DBS Group Research has kept its “buy” call on engineering firm UMS with an unchanged target price of $1.70 after a record 1QFY2022.

UMS has also proposed an interim dividend of 1.0 cent per share as a thank you to its shareholders.

During the quarter, the group reported earnings of $19.4 million, making this a record for the group.

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UMS
1QFY2022 business update
1QFY2022 results

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