In an Oct 12 report, Lai is of the view that sector fundamentals appear “attractive” and the recent correction in Singapore semicon equipment stocks provides a good opportunity to accumulate on dips.
Maybank Kim Eng’s Lai Gene Lih still remains optimistic on Singapore’s semiconductor industry despite the recent dip in share prices, giving buy ratings to all three stocks under its coverage, namely AEM Holdings, UMS Holdings, and Frencken Group.
Lai’s target prices for AEM, UMS and Frencken are at $5.77, $2.10 and $2.63 respectively.
