UMS Holdings

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 ...
UMS’ strong bonds with Applied Materials is biggest selling point
SINGAPORE (Sept 15): Maybank Kim Eng likes UMS Holdings, the high precision components manufacturer, given the group’s strong ties with lead semi-conductor equipment maker Applied Materials. UMS manufactures the wafer transfer modules used in Applied Materials’ Endura deposition system as well as precision components for other equipment. UMS supplies 70% of water transfer modules for ...
CIMB cuts UMS to ‘hold’ on moderating demand in second half of the year
SINGAPORE (Aug 14): CIMB is downgrading UMS Holdings to “hold” as it expects demand to moderate in 2H17. Management says demand from a major customer of UMS is expected to moderate in 2H17. The renewed system integration contract announced earlier this year has a lower average selling price. UMS will mitigate this via efforts to increase production activities in lower-cost Penang where its ...
UMS Holdings 1H earnings double to $22.7 mil; proposes bonus issue and interim dividend
SINGAPORE (Aug 11): UMS Holdings, the provider of equipment manufacturing and engineering services in the semiconductor industry, reported 1H17 earnings more than doubled to $22.7 million from $9.8 million a year ago on robust growth of the group's semiconductor business. The group is proposing a special bonus issue of up to 107.3 million new shares of the company on the basis of one bonus ...
Positive outlook keeps Singapore’s tech manufacturing services sector ‘overweight’
SINGAPORE (July 5): CIMB is keeping its “overweight” rating on Singapore’s tech manufacturing services sector as it remains positive on most of the industry’s stocks under its coverage. In a Wednesday report, analyst William Tng individually assesses selected stocks from the eight counters covered by CIMB, as he argues that they come from three diverse sub-industries within the sector: ...
3 reasons to accumulate on UMS, where all systems go
SINGAPORE (May 17): DBS Vickers Securities is maintaining its “buy” call on precision engineering group UMS Holdings, raising its target price on the stock to $1.07 from 73 cents previously after the group recorded its highest quarterly earnings in over a decade. (See also: UMS 1Q earnings treble to $11.2 mil on doubling of sales) The research house has raised its FY17F/18F earnings ...
UMS seeks to stay as solid yield play
SINGAPORE (May 5): UMS Holdings’ diversification into the water and chemical engineering solutions business is not likely to affect its dividend policy, says executive chairman and CEO Andy Luong. In the past five years, the company had consistently paid out between 75% and 114% of its earnings. Over that period, its dividend yield had not dipped below 5%, earning UMS a reputation as a solid ...
UMS wins 7 projects worth $13 mil
SINGAPORE (April 24): UMS Holdings has secured seven projects in Asia, the Middle East and South America worth $13 million through its recently acquired Singapore-incorporated subsidiary, Kalf Engineering. Kalf specialises in water and chemical engineering solutions for the offshore, power generation and chemical industries. The seven projects include the supply of electro-chlorination ...