UMS (558.SI) surged 4.90% intraday on Friday, reflecting strong investor confidence in the company's growth prospects amid rising global semiconductor demand.

The rally follows a DBS Group Research note highlighting UMS's potential to benefit from the semiconductor industry's expansion, with industry revenue expected to grow by 33% in 2026 and 13% in 2027. Factors such as increased production and contributions from new and existing customers are cited as key drivers for UMS's upbeat outlook.

DBS maintains a buy rating on UMS, further bolstering positive sentiment toward the stock. The broader market's focus on semiconductor growth and Singapore's efforts to enhance local equities trading participation also contribute to the stock's upward momentum.