0152 GMT - UMS Integration's earnings outlook seems positive on some tailwinds, DBS Group Research's Lee Keng Ling says in a research report. These include substantial production ramp-up and new product introductions for a new customer and stable performance from key existing customers, including contributions from its new Tampines plant in Singapore, the analyst says. The original equipment manufacturer appears diversified and well-placed for growth, with a second plant in mass production and land secured for future expansion in Malaysia's Penang. DBS raises the stock's target price to S$1.84 from S$1.38 to partly reflect the positive outlook for the company, with an unchanged buy rating. Shares are 1.3% lower at S$1.500. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
July 27, 2025 21:52 ET (01:52 GMT)
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