UMS Holdings

UMS’s chairman Luong buys shares; company raises stake in associate JEP - THE EDGE SINGAPORE

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.
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