The company’s revenue from Malaysia surged 91% y-o-y due to more orders from the new key customer. “UMS Integration is working on many NPIs (new product introductions) with its new key customer to expand product offerings coupled with the upbeat forecast for FY2026,” says Seet in his March 2 note.
Jarick Seet of Maybank Securities has raised his target price for UMS Integration (SGX:558
) , citing a surge in more orders from the company’s new key customer.
For its FY2025, UMS Integration reports earnings of $41.6 million, up 2% y-o-y, which is in line with his estimates.
