UMS Holdings

Equity raising

UMS raises $51.6 mil after placement was 2.55 times covered

The placement shares will enlarge UMS’s share base by 5.97% to just over 710.5 million shares.

Equity raising

UMS seeks to raise up to $52 million via placement by CGS-CIMB

If all 40 million shares are sold, UMS will see its share base increase by 5.97% to just over 710.5 million shares
Chip recovery to help manufacturing turn corner in 2024 - THE EDGE SINGAPORE

Sector Focus

Chip recovery to help manufacturing turn corner in 2024

Singapore's semiconductor segment has already seen a bottoming and is staging a return in the coming year.

Broker's Calls

Analysts overall pleased with UMS Holdings following 3QFY2023 results

UMS’s earnings stood in-line or above expectations.

Results

UMS earnings down 64% y-o-y for 3QFY2023 as global semiconductor demand remains soft

Compared to 2QFY2023, the group's 3QFY2023 bottom-line improved, indicating an upturn in performance.
AEM and UMS on an upswing; Azeus gives best returns - THE EDGE SINGAPORE

Billion Dollar Club 2023

AEM and UMS on an upswing; Azeus gives best returns

AEM Holdings, a regular winner at these awards, is back again, with its overall sector win

Broker's Calls

Maybank upgrades UMS to ‘buy’ with higher TP of $1.44

Analyst Jarick Seet likes UMS's prospects moving forward.
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