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UMS Holdings
Insider moves
UMS’s chairman Luong buys shares; company raises stake in associate JEP
SINGAPORE (May 27): Andy Luong of UMS Holdings has bought shares in the company for the first time in six months.
May 27, 2019
Broker's Calls
UMS kept at 'reduce' and 'fully valued' given semiconductor industry still weak
SINGAPORE (May 21): CGS-CIMB Research is maintaining UMS Holdings at “reduce” with a lower target price of 55 cents.
May 21, 2019
Results
UMS posts 38% drop in 1Q earnings to $7 mil on lower revenue
SINGAPORE (May 15): UMS Holdings reported 1Q19 earnings fell 38% to $7.0 million from $11.4 million in 1Q18.
May 15, 2019
Broker's Calls
UMS cut to 'reduce' by CGS-CIMB amid industry slowdown
SINGAPORE (Feb 28): CGS-CIMB is downgrading its call on UMS Holdings to “reduce” from “hold” with a reduced target price of 62 cents from 75 cents previously.
February 28, 2019
Results
UMS reports 17% drop in FY18 earnings of $43 mil on lower sales
SINGAPORE (Feb 26): UMS Holdings, the precision engineering group which specialises in the manufacture of semiconductor components, reported 4Q18 earnings of $9.3 million, down 41% from a year ago.
February 26, 2019
Broker's Calls
Analysts remain positive on UMS Holdings as sales in global semiconductor industry projected to reach all-time high
SINGAPORE (Aug 16): UMS Holdings announced that its 2Q18 earning have increased by 26% to $14.5 million, compared to $11.5 million in 2Q17.
August 16, 2018
JEP appoints exec chairman Andy Luong as acting CEO amid management exodus
SINGAPORE (June 4): Changes are afoot at Catalist-listed JEP Holdings, the provider of precision machining and engineering solutions.
June 04, 2018
Results
UMS Holdings posts 2% higher 1Q earnings of $11.4 mil on lower expenses
SINGAPORE (May 11): UMS Holdings reported 1Q18 earnings increased by 2% to $11.4 million, compared to $11.2 million in 1Q17.
May 11, 2018
M&A
UMS Holdings acquires 70% stake in Starke Singapore
SINGAPORE (Mar 29): UMS Holdings announced that it is acquiring a 70% stake in non-ferrous metal alloys specialist, Starke Singapore.
March 29, 2018
Broker's Calls
Will FY18 be another record year for UMS Holdings?
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.
March 01, 2018