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Home / Capital / Brokers Calls

UOB KH maintains 'buy' on UMS due to industry tailwinds

Broker's Calls

UOB KH maintains 'buy' on UMS due to industry tailwinds

Lim Hui Jie Published on Thu, Jul 01, 2021 / 5:24 PM GMT+8

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UOB Kay Hian Research’s Clement Ho has maintained his “buy” call on UMS Holdings and increased his target price from $1.65 to $1.92.

The higher target price comes as the near-term supply shock from the chip shortage situation would transition into longer-term demand sustainability due to emerging technologies, according to indications from upstream foundries.

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