“Despite the ongoing trade war between the weighing on global sentiment, UMS's key customers' order forecasts have not changed,” writes UOB Kay Hian’s John Cheong in his May 14 note, where he kept his “buy” call.
Although UMS Integration reported higher 1QFY2025 revenue but earnings in the same quarter was a negligible change from the year-earlier period. The company plans to pay a lower interim dividend as well.
Nonetheless, analysts, betting on a rosier second half, are keeping their “buy” or equivalent calls for UMS Integration with a couple even raising their respective target prices.
