0249 GMT - Singapore manufacturers UMS Integration and Frencken Group are poised to benefit from rising global demand for semiconductors, say DBS Group Research analysts in a note. The semiconductor industry expansion is likely to continue this year, with industry revenue expected to grow around 33% in 2026 and around 13% in 2027, the analysts say. UMS's outlook appears upbeat thanks to factors such as a big increase in production and contributions from new and existing customers, they say. Meanwhile, Frencken's strong balance sheet and diversified portfolio likely enables it to capture the technology sector's overall gains, they add. Both stocks could also get boosted by Singapore's moves to bolster participation in local equities trading over the long term, says DBS. The bank has buy ratings on both companies. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

January 08, 2026 21:49 ET (02:49 GMT)

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