BS Group Research “buy” $2.16
Maybank Kim Eng “buy” $2.10
CGS-CIMB “add” $1.97
Analysts upgrade forecasts of UMS in light of strong semiconductor demand
Following UMS Holdings’ latest earnings, analysts from DBS Group Research and Maybank Kim Eng have become more bullish on the stock, with target price upgrades. DBS’s Ling Lee Keng has raised her target price from $1.83 to $2.16, Maybank’s Lai Gene Lih has upped his target price from $1.80 to $2.10.