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

Lim Hui Jie
Lim Hui Jie7/1/2021 5:24 PM GMT+08  • 2 min read
UOB KH maintains 'buy' on UMS due to industry tailwinds
UOB Kay Hian is optimistic on UMS Holdings as it rides the semicon uptrend, increasing its target price from $1.65 to $1.92.
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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.

This, Ho says in a July 1 report, will benefit UMS and key client Applied Materials (AMAT).

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