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UMS Malaysia listing a &lsquo positive catalyst&rsquo : Maybank raises target price to $1.59
Maybank Securities (Maybank) analyst Jarick Seet sees UMS Integration&rsquo s (UMS) listing on Bursa Malaysia as a &ldquo positive catalyst&rdquo , expecting the stock&rsquo s valuations to be &ldquo lifted&rdquo closer to its Malaysian peers&rsquo trading at an average of around 25 times to 35 times price-to-earnings ratio (P/E).
He writes in his July 21 report: &ldquo We expect the Malaysian secondary listing to boost its valuations as Malaysian peers are trading at a much higher valuation as compared to UMS in Singapore and the quality of UMS&rsquo s business and its margins are superior to those of many of its Malaysian peers.&rdquo
With this, Seet has kept his &ldquo buy&rdquo call on UMS at a higher target price (TP) of $1.59 from $1.19 previously.
He writes: &ldquo We also expect upcoming 1H2025 results to improve as revenue from its existing customers should grow slightly y-o-y.&rdquo
In the 1QFY2025 ended March, Malaysia revenue surged 287% y-o-y to $9.4 million from $2.4 million in the same period a year before, largely due to the production ramp up of semiconductor components for the new major customer.
Come the end of FY2025, UMS&rsquo s management expects to hit a revenue of $1.5 million weekly, notes Seet.
He writes: &ldquo It is currently at a $600,000 to $650,000 a week run rate. In addition, orders from its existing customer should increase slightly for FY2025. All in all, we expect revenue to improve q-o-q from 2QFY2025 onwards.&rdquo
Overall, the analyst sees that earnings have &ldquo likely bottomed&rdquo in the FY2024 and &ldquo should improve&rdquo in the years ahead, with profitability improving q-o-q as UMS&rsquo s new major customer commences production.
For the first quarter, management declared a dividend of one cent a share.
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Upsides noted by Seet include stronger-than-expected revenue momentum following capacity expansion in the FY2022, better-than-expected contributions from subsidiaries Kalf Engineering, Starke and JEP, as well as better-than-expected costs control, which in turn supports margins.
Conversely, downsides include higher-than-expected labour costs, difficulties expanding workforce, lower-than-expected margins and finally, lower-than-expected dividends which may &ldquo spook&rdquo yield investors.
NVIDIA can sell to China again. So far taking advantage of fear by betting on TACO has been very profitable.
Yesterday, UMS / Frenken / AEM all trend down after ASML chief comment on growth for 2026
due to tariff concern, but overall demands is strong for Q2 and H2 with strong book
Maybe ASML is in EU pending confirmation of Tariff from US (1 Aug)
TSMC posted good result, with TW also pending Tariff from US.
Any dip might be a good chance to enter.
dyodd
due to tariff concern, but overall demands is strong for Q2 and H2 with strong book
Maybe ASML is in EU pending confirmation of Tariff from US (1 Aug)
TSMC posted good result, with TW also pending Tariff from US.
Any dip might be a good chance to enter.
dyodd
UOBKH : UMS Integration (UMSH SP) Expect Good Results And Multiple Re-rating Raise Target Price By 31% To S$1.73 We expect multiple positive catalysts ahead for UMS: a) In its latest outlook, UMS expects to achieve its double-digit revenue growth guidance for 2Q25 as it continues to see healthy orders from its key customers who remain positive in their latest guidance b) its dual listing on Bursa Malaysia is attracting strong investor interest, which should help narrow UMS&rsquo s valuation gap of about 25% vs its Malaysia peers and c) higher market engagement. Maintain BUY with a 31% higher target price of S$1.73.
cychu69 ( Date: 15-Jul-2025 09:03) Posted:
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rewarded share holders with 4 for 1 bonus shares on Jun 2014, Oct 2017 then Oct 2021
Remember that the secondary listing date in Bursa (1 Aug) is getting nearer for UMS.
Watch for more actions.
Watch for more actions.
will start to move up to 1.50 level or close to that level...that my expectation ..
UMS scheduled to be listed on Bursa on 1 Aug.
Get ready for the rides on higher liquidity for UMS when the dual listing take effects.
Get ready for the rides on higher liquidity for UMS when the dual listing take effects.
Good advice....dont be greedy.....
trader1970 ( Date: 07-Jul-2025 13:09) Posted:
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H & S forming for breakdown.. Watch 130.. cannot break. Once broken, run for life 
May I ask what is the valuation now? Thanks
wehuattogether88 ( Date: 02-Jul-2025 09:27) Posted:
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UMS must close the valuation gap before secondary listing in Bursa on 1 Aug with Malaysian tech stocks which still holds a premium compared with current UMS price in SG.
UMS Integration issues prospectus for secondary listing on Bursa Malaysia
UMS Integration has issued its prospectus for the secondary listing on the main market of Bursa Malaysia Securities Berhad.
The secondary listing will be undertaken by way of introduction and will not involve any issuance or offering of shares. UMS shares will be fully fungible, where shareholders will be able to transfer their shares between the mainboard of the Singapore Exchange (SGX) and the main market of Bursa Securities for trading.
Following the issuance of the prospectus, UMS is scheduled to be listed on the Bursa on Aug 1.
The company, which is currently listed on the mainboard of the SGX with a market capitalization of about $970 million, reported earnings of $40.6 million for FY2024 ended Dec 31, 2024, down 32% y-o-y. For 2HFY2024, the company saw a 29% dip in earnings of $11.1 million.
Meanwhile, the group reported revenue for the full year of $242.1 million, down 19% y-o-y. For 2HFY2024, the group reported 9% lower earnings of $67.2 million.
UMS first announced the proposed secondary listing in a July 17 bourse filing. It said the move would broaden the company&rsquo s investor reach and widen its investor base, and potentially increase the liquidity of the company&rsquo s shares.
Remember the 1st of August date, UMS secondary listing in Bursa main board.
Will increase liquidity of UMS share and transactions volume immediately when it starts.
Will increase liquidity of UMS share and transactions volume immediately when it starts.
UMS is scheduled to be listed on the Main Market of Bursa Securities on 1 August 2025
https://links.sgx.com/1.0.0/corporate-announcements/IC5N2WZ5FB9PJGDT/850313_UMS%20-%20Press%20Release%20on%20Issuance%20of%20Prospectus%20for%20its%20Secondary%20Listing.pdf
https://links.sgx.com/1.0.0/corporate-announcements/IC5N2WZ5FB9PJGDT/850313_UMS%20-%20Press%20Release%20on%20Issuance%20of%20Prospectus%20for%20its%20Secondary%20Listing.pdf
Yep,... relleased this morning,... UMS belongs to the lowest rung of mid-cap mkt cap, betw 0.5bil to 1.0bil USD !
wehuattogether88 ( Date: 30-Jun-2025 10:39) Posted:
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Extract from UOB Kay Hian report:
With the MAS&rsquo upcoming S$5b EQDP expected to boost mid-cap liquidity, we screened
for stocks meeting a high liquidity threshold (ADTV > S$2m) and having solid
fundamentals. Key stocks that screened well include CENT, CD, FR, IFAST, NETLINK,
RFMD, RSTON, SSG, SIE, SPOST and UMS.
With the MAS&rsquo upcoming S$5b EQDP expected to boost mid-cap liquidity, we screened
for stocks meeting a high liquidity threshold (ADTV > S$2m) and having solid
fundamentals. Key stocks that screened well include CENT, CD, FR, IFAST, NETLINK,
RFMD, RSTON, SSG, SIE, SPOST and UMS.
Any date when UMS Int will start trading in the Bursa, bros ? Any ticker symbol assigned yet ?
Cheong predicts Chiong!
Joelton ( Date: 17-Jun-2025 12:46) Posted:
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Announce to Bursa Securities (via Bursa LINK) on the Listing Reference Price of the
Shares, calculated based on the following:
a. closing market price of the Shares on the Singapore Exchange Securities Trading
(&ldquo SGX-ST&rdquo ) on the market day immediately preceding the listing date and
b. the closing market price of the Shares quoted in Singapore Dollar (&ldquo S$&rdquo ) will
thereafter be converted to Malaysian Ringgit (RM), based on the closing
S$ exchange rate on the market day immediately preceding the listing date which
will be extracted from Bank Negara Malaysia (&ldquo BNM&rdquo ).