New Customer Orders For UMS Warms Analysts’ Sentiments
Edge
May 19
Analysts are looking forward to a rosier FY2025 for UMS Integration after the group reported earnings of $9.8 million for the 1QFY2025 ended March 31, a negligible change from the same period a year ago.
The analysts at UOB Kay Hian (UOBKH), Maybank Securities (Maybank) and DBS Group Research (DBS) have all kept their “buy” calls on the stock, at respective raised target prices (TP) of $1.32 from $1.21 previously, $1.19 from $1.16 previously and $1.38 from $1.31 previously.
UOBKH’s John Cheong notes that the group’s flat earnings came in-line with his expectations, meeting 20% of his full-year estimate.
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