0429 GMT - UMS Integration's upcoming secondary listing on Bursa Malaysia is seen as a positive catalyst and could boost its valuations, Maybank Securities Jarick Seet writes in a note. Its Malaysian peers are trading at a much higher valuation compared to the precision engineering group in Singapore, he says. UMS Integration's quality of business and margins are also superior compared to many of its Malaysian peers, he adds. Maybank Securities raises its target price to S$1.59 from S$1.19, while maintaining a buy rating on the stock. Shares are flat at S$1.46. (amanda.lee@wsj.com)
(END) Dow Jones Newswires
July 22, 2025 00:29 ET (04:29 GMT)
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