Analysts remain positive on UMS Holdings as sales in global semiconductor industry projected to reach all-time high

SINGAPORE (Aug 16): UMS Holdings announced that its 2Q18 earning have increased by 26% to $14.5 million, compared to $11.5 million in 2Q17.

This brings 1H18 earnings to $25.9 million, 14% higher than $22.7 million in 1H17.

However, revenue for the quarter saw an 18% drop to $35.2 million from $$42.7 million a year ago. This was mainly due to a 17% decline in sales from the group’s semiconductor business and the absence of revenue contribution from its Others segment.

Changes in inventories increased more than six fold to $6.20 million from $0.95 million last year.

Growing global semiconductor sales bodes well for Micro-Mechanics

SINGAPORE (Sept 4): Daiwa likes Micro-Mechanics, the designer and manufacturer of high-precision tools for the semi-conductor industry.

This year, strong rebound in share prices of technology-related names has been one of the key highlights in the Singapore stock market.

Micro-Mechanics also benefited from this shift in industry sentiment, with its shares rising by 74% YTD versus 13% by the STI Index.

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