CGS-CIMB Research analyst William Tng has maintained his “add” call on UMS Holdings and raised his target price to $1.97 from $1.58. 

In an Aug 2 report, Tng says this is a “rare 3-year earnings upcycle” for UMS, and expects it to report a minimum 33% y-o-y growth rate for its 2QFY2021 net profit. 

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