In a Wednesday report, DBS analyst Carmen Tay says she foresees imminent cost savings to offset the impact of lower average selling prices (ASPs) moving forward, and hence raises earnings projections slightly by 6-8% for FY18-19F.
SINGAPORE (Mar 1): DBS and CIMB are positive on the outlook of UMS Holdings, maintaining their respective “buy” calls with higher target prices after the group delivered record 4Q profits on higher revenue and a one-off gain.
