UMS Holdings

UMS cut to 'reduce' by CGS-CIMB amid industry slowdown
SINGAPORE (Feb 28): CGS-CIMB is downgrading its call on UMS Holdings to “reduce” from “hold” with a reduced target price of 62 cents from 75 cents previously. In a Wednesday report, analyst William Tng says, “We cut our FY19-20F core EPS as the slowdown gathers pace.” “Downside risk is order pullback by its customer. Upside risk is stronger-than-expected orders from its ...
UMS reports 17% drop in FY18 earnings of $43 mil on lower sales
SINGAPORE (Feb 26): UMS Holdings, the precision engineering group which specialises in the manufacture of semiconductor components, reported 4Q18 earnings of $9.3 million, down 41% from a year ago. Revenue in 4Q18 declined 33% to $25.9 million due mainly to a 36% decline in the semiconductor segment which was offset by a 63% rise in sales surge from its others segment comprising mainly revenue ...
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 ...
JEP appoints exec chairman Andy Luong as acting CEO amid management exodus
SINGAPORE (June 4): Changes are afoot at Catalist-listed JEP Holdings, the provider of precision machining and engineering solutions. JEP announced Friday night that executive chairman Andy Luong has been appointed as acting CEO with immediate effect to “lead the company through its next phase of innovation to spur growth”. Luong, 58, is also the founder and CEO of another SGX-listed ...
UMS Holdings posts 2% higher 1Q earnings of $11.4 mil on lower expenses
SINGAPORE (May 11): UMS Holdings reported 1Q18 earnings increased by 2% to $11.4 million, compared to $11.2 million in 1Q17. Revenue came in at $37.5 million, 10% lower than $41.8 million recorded in the previous year, due to a 9% dip in revenue from its semiconductor business while sales from its Others segment fell 44%. Most of the group’s revenue are denominated in USD and the average ...
UMS Holdings acquires 70% stake in Starke Singapore
SINGAPORE (Mar 29): UMS Holdings announced that it is acquiring a 70% stake in non-ferrous metal alloys specialist, Starke Singapore. The cash consideration for the acquisition will be determined based on the net tangible assets value per share of Starke for the financial period ended March which is still being prepared. Based on Starke’s unaudited accounts for the financial year ended ...
Will FY18 be another record year for UMS Holdings?
SINGAPORE (Mar 1): DBS and CIMB are positive on the outlook of UMS Holdings, maintaining their respective “buy” calls with higher target prices after the group delivered record 4Q profits on higher revenue and a one-off gain. See: UMS Holdings' 4Q17 earnings treble to $15.8 mil on higher revenue & one-off gain In a Wednesday report, DBS analyst Carmen Tay says she foresees imminent ...
UMS Holdings' 4Q17 earnings treble to $15.8 mil on higher revenue & one-off gain
SINGAPORE (Feb 27): Precision engineering group UMS Holdings saw a near trebling of its 4Q17 earnings to $15.8 million from $6 million a year ago on higher revenue and a one-off gain. Revenue for 4Q grew 13% to $38.7 million from $34.2 million due to higher sales from the semiconductor segment, driven by a higher proportion of contributions from component sales which grew to $19.3 million from ...
UMS Holdings acquires 7.48% stake in JEP Holdings for $5.7 mil
SINGAPORE (Jan 16): UMS Holdings, the precision engineering company, today announced that it has acquired a 7.48% stake or 109 million ordinary shares in JEP Holding for $5.7 million. The shares were acquired through the open market. The group satisfied the consideration in cash, funded through internal resources. Shares in UMS Holdings closed flat at $1.04 on Tuesday, while shares ...
Positive 3Q surprise gets UMS Holdings an upgrade; raises expectations of higher special dividend
SINGAPORE (Nov 13): CIMB Research is maintaining its “add” call on UMS Holdings while raising its target price to $1.21 from $1.13, as it increases its P/BV multiple to 2.88 times versus 2.8 times previously on higher ROEs. In a Friday report, CIMB analyst William Tng recalls how the semiconductor equipment manufactuer's recently reported net profit for 3Q17 came in above expectations ...