SINGAPORE (Dec 4): Maybank Kim Eng Research is initiating coverage on UMS Holdings with a “buy” recommendation and a target price of $1.13, representing a total upside of 22% for the stock. 

The way analyst Lai Gene Lih sees it, UMS is poised to thrive on the semiconductor industry upturn. 

“UMS is in the early innings of an earnings up-cycle, and has traded at such levels or higher in previous similar episodes,” recalls Lai in a Wednesday report. 

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook