With semiconductor equipment manufacturing slated to expand in Asia, manufacturing company UMS Holdings is poised to capture strong mounting momentum in the coming quarter. The company posted 34.5% y-o-y growth in sales for 2Q20, with an above average profit margin of 28.7% for the same period, notes KGI Securities analyst Tan Jiunn Chyuan. 

Tan is maintaining “neutral” on the manufacturer with a raised target price of $1.17 from 89 cents.

UMS Holdings is an integrated original equipment manufacturer (OEM) for front-end semiconductor equipment manufacturing, providing both component manufacturing and sub-assembly services, primarily to key client, Applied Materials (AMAT).

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