With Bursa Listing And Other Catalysts, UOB Kay Hian's Cheong Raises Target Price For UMS To $1.73
Edge
Jul 16
Given multiple positive catalysts ahead, John Cheong of UOB Kay Hian has raised his target price for UMS Integration from $1.32 to $1.73.
In his July 16 note, Cheong says UMS is expected to meet his 2QFY2025 earnings estimate of $11 million thanks to health orders from its new customer, while orders from its old customer remain stable.
"UMS’ capability to complete the majority of the manufacturing processes in-house such as plating, anodising, brazing, welding, chemical cleaning and so on have helped it maintain healthy margins and enable it to achieve prompt delivery to its customers," he adds.
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