Analysts from CGS-CIMB Research, Maybank Kim Eng and KGI Research are upbeat on UMS Holdings after its 1QFY2021 ended March earnings beat their estimates.

CGS-CIMB kept its ‘add’ call, while Maybank Kim Eng and KGI kept their ‘buy’ and ‘outperform’ ratings. All three brokerages raised target prices to $1.58, $1.80 and $1.51 respectively in anticipation of strong profit for FY2021.

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