UMS Integration to Ride AI-Driven Semiconductor Cycle
Dow Jones
5 hours ago
0302 GMT - UMS Integration is positioned to benefit from the AI-led semiconductor cycle that will drive the precision-engineering company's earnings, says Citi analyst Arthur Pindea in a note. Revenue is expected to grow at an annualized 32% and earnings per share at 38% over FY25-28, the bank estimates. Organic growth from long-standing client Applied Materials and market-share gains through new client Lam Research will also support earnings. Scale efficiencies and a sustained net cash position could open room for progressively higher dividends, Citi adds. The bank initiates coverage at buy/high risk with a target price of 3.43 Singapore dollars. Shares are up 4.9% at S$2.78.
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