UMS Integration May Gain From Secondary Listing in Malaysia -- Market Talk
Dow Jones
Jul 22
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)
Copyright (c) 2025 Dow Jones & Company, Inc.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.