UMS Holdings

JEP's diversification away from the aerospace industry is taking off

REITs and Technology sectors are marked to “outperform” in an otherwise “neutral” climate.

Maybank Kim Eng remains positive on UMS Holdings, and believes it can capitalise on opportunities from key customer AMAT.

PhillipCapital cuts JEP down to 'reduce' as the aviation industry cuts its wings amid Covid-19 travelling restrictions

With semiconductor equipment manufacturing slated to expand in Asia, manufacturing company UMS Holdings is poised to capture strong mounting momentum in the coming quarter.

“We remain positive on the semiconductor sector, on the back of acceleration of 5G, artificial intelligence (AI) and other technology-driven developments such as Smart Cities and increased demand for data,” analyst Ling Lee Keng says.

Take a look at these three stocks this week: UMS Holdings, Hyphens Pharma, Mapletree Industrial Trust

KGI has upgraded UMS Holdings, which provides equipment and manufacturing services for the semiconductor industry, to ‘neutral’, with a new target price of 89 cents from 74 cents previously.

Luong claims that customers like to turn to “younger, healthier” suppliers like JEP which has a better chance of surviving the economic downturn compared to certain suppliers in the US or Europe.

SINGAPORE (June 24): UMS Holdings is expected to do well ahead as global spending on semiconductor equipment is forecast to increase, according to Maybank Kim Eng.