The company was able to grow it revenue from its semiconductor business by 21% y-o-y but its other key segment aerospace was up 18% as well.
Ling Lee Keng of DBS Group Research has kept her "buy" call and E$2.92 target price on UMS Integration after AI-led semiconductor demand and disciplined cost control drove a broad-based earnings uplift for the company.
In its most recent quarter ended March, UMS, led by executive chairman Andy Luong, reported earnings of $14 million, up 42.5% y-o-y, on the back of a 20.4% jump in revenue to $69.4 million.
