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At the recent AGM, my very good friend and former neighbour, Ah Luong, made a stunning revelation.... he and Ah Lam are long time friends since their younger days in HongKong and Vietnam, before they moved to US to set up their respective companies. Obviously as friends, Ah Lam asked Ah Luong, at the start of their business ventures, if he would be his manufacturer and supplier. Ah Luong, declined as he felt he was not ready and lacked the resources at that time..... I will write more of how and when UMS get to secure Lam Research as its second anchor customer.... and it is no brainer that Lam would be a " safe and secured" customer for years to come.... imagine at this time of AI boom, and the fast evolution of AI, where more and more and never products are needed .....
How lucky can we, long time and long term investors be!

=======
The AI boom has created a powerful synergy between global semiconductor leaders like Lam Research and AMAT and their essential supplier, UMS Integration. This relationship has formed a lucrative supercycle where the success of the giants translates directly into tangible earnings for UMS.

1. The Global Powerhouse: Lam Research & AMAT
These two companies are the architects of the AI era, providing the massive machines used to build advanced chips.
a) Lam Research: Dominates in etching and deposition ~ the processes required to build the high-density memory (HBM) and complex 3D chip structures that power AI. Management projects global equipment spending to reach US$135 billion in 2026.
b) Applied Materials (AMAT): The market leader in semiconductor systems. With AI driving a worldwide memory shortage, AMAT is seeing record demand for DRAM and logic equipment, forecasting its systems business will grow over 20% in 2026.

2. The Local Beneficiary: UMS Integration
UMS is a high-precision manufacturer that builds the critical components and sub-assemblies for the machines made by LAM and AMAT.
a) Direct Growth Engine: Historically, AMAT has accounted for nearly 70- 90% of UMS' s revenue. This means AMAT' s booming orders flow directly into UMS&rsquo s factory floors.
b) A New Billion-Dollar Partnership: UMS has diversified by becoming a key supplier fo
Lam Research, dedicating a new factory in Penang specifically to their needs. Orders from Lam are expected to potentially double in 2026, making it a massive second pillar of growth.

3. Tangible Financial Impacts for UMS
This isn' t just theory it is showing up in UMS' s financial reports and analyst projections for 2026:

Metric	Financial Significance	Source
Revenue Growth	Consensus expects 11%&ndash 25% growth for FY2026/27 as new capacity ramps up.	DBS
Earnings Upside	Forecasted net profit growth of 15%&ndash 33% in 2026, driven by higher-margin components.	FSMOne
Profit Margins	Gross margins improved to 54% in 2025 as UMS shifted to more complex AI-related parts.	SGinvestors.io
Dividends	A strong cash position and zero debt allow UMS to maintain and potentially grow its 5.0 cent dividend.	UMS Group

The Executive Summary
The AI boom has created a " Giga Cycle" in chipmaking. Lam and AMAT are selling the essential shovels for this gold rush, and UMS is the high-precision forge that makes those shovels. As these giants continue to outperform on the Nasdaq, UMS stands in the thick of it, capturing a significant slice of the AI infrastructure spending.

UMS INTEGRATION: Growth Momentum Set To Accelerate https://www.dbs.com.sg/treasures/aics/templatedata/article/equity/data/en/DBSV/012014/UMSH_SP.xml

https://sginvestors.io/analysts/research/2026/04/ums-integration-dbs-group-research-2026-04-28

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Better post some thing, otherwise people think I run road when stock is down.....the following posts, do read them thoroughly, it will help you understand a lot on what I am trying to tell you in my posts in the days or weeks ahead... believe or unbeliever, up to you....

=======
Lam Research and AMAT have surged into the top ten Nasdaq gainers in 2026 due to an unprecedented surge in demand for artificial intelligence infrastructure, which has triggered a massive supercycle in semiconductor equipment spending.

https://finance.yahoo.com/markets/article/the-nasdaqs-top-winners-are-now-running-hotter-than-in-2000-chart-of-the-day-122715863.html?guccounter=1

Both companies sit at the foundation of the chip industry, providing the essential tools ~ like etch, deposition, and materials engineering systems ~ needed to manufacture the advanced chips powering the AI era.

Key Drivers for 2026 Outperformance
a) AI Infrastructure Boom: Surging investment in AI data centers directly fuels equipment demand every $100B in data center capex generates roughly $8B in tool spending.
b) Advanced Memory Demand: A 2026 memory shortage has intensified the need for High-Bandwidth Memory (HBM), benefiting suppliers of specialized equipment for 3D-stacked chips.
c) Next-Gen Node Transition: The industry shift to 2nm nodes, GAA transistors, and backside power requires high-precision, high-margin tools where these firms dominate.
d) Global Fab Expansion: Aggressive onshoring and supply chain diversification are driving record construction, with the 2026 WFE market projected to hit $135&ndash $140 billion.https://www.semi.org/en/semi-press-release/global-semiconductor-equipment-sales-projected-to-reach-a-record-of-156-billion-dollars-in-2027-semi-reports

Company-Specific Highlights
a) Lam Research (LRCX): Stock up 56% YTD (May 2026), driven by record earnings and its leading position in high-margin etch and deposition technologies. Growth is fueled by the " NAND upgrade cycle" as manufacturers move to 200+ layer memory.
b) Applied Materials (AMAT): Stock rose ~138% over the past year to record highs in early 2026.High DRAM exposure makes it the primary winner of the current memory cycle.

==============
Why Analysts Are Growing More Confident In Lam Research
https://sg.finance.yahoo.com/news/why-analysts-growing-more-confident-165746362.html
Lam Research Has Surged 300% in a Year. Wall Street Sees More Gains Still Ahead
https://finance.yahoo.com/markets/stocks/articles/lam-research-surged-300-wall-153504119.html
Why Lam Research Still Looks Like a Buy After a 300% Rally
https://www.investing.com/analysis/why-lam-research-still-looks-like-a-buy-after-a-300-rally-200679907
Is Lam Research (LRCX) One of the Best Technology Stocks to Buy for the Next Decade?
https://finance.yahoo.com/sectors/technology/articles/lam-research-lrcx-one-best-062024346.html
The Memory Shortage Is Now Fueling Lam Research' s Best Quarter Ever &mdash Here' s What Comes Next (LRCX)
https://www.youtube.com/watch?v=FxMHbAaluJU& t=125s
How Applied Materials Stock Gained 140%
https://www.trefis.com/stock/amat/articles2/591968/how-applied-materials-stock-gained-140/2026-03-03
Morgan Stanley adjusts Applied Materials stock price target pre-earnings.
Morgan Stanley calls AMAT&rsquo s next earnings a second leap forward.
https://www.thestreet.com/investing/stocks/morgan-stanley-adjusts-applied-materials-stock-price-target-pre-earnings
Applied Materials Inc Stock (AMAT) Moved Up by 3.34% on May 6: Key Drivers Unveiled
https://www.tradingkey.com/news/market-movers/261863448-market-movers-amat-20260506

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Really pity those who literally throw yesterday, influenced by those smart alecs who claim shares will dropped more than the pre-XD price and those " sell in May" theorists.....
never learn from the XB episode.....
PLEASE la, if you sell, keep to yourself la.....don' t try to influence others la...THE AI MOMENTUM IS UNSTOPPABLE!!!!!

aragosta ( Date: 07-May-2026 10:48) Posted:

If you got extra cash, you should invest in both (but please hor, I m not inducing you to buy, juz a suggestion).... this is just the start of the AI REVOLUTION and everyday AI is evolving ..... according to Bloomberg TV network last night, the AI momentum is UNSTOPPABLE! and they went on to say it is akin to the START of the Industrial Revolution!

You can tell from the market reaction to UMS' s XD today, we are in a very very good place....
As for AEM, this is what the black market said of the stock in the " ARM THREAD" ....
==========

The Executive Summary:
Is AEM' s price today " Expensive" or still " Early Days" ?
While the NAV looks high, in the AI era, Intellectual Property is more valuable than physical assets. AEM' s worth isn' t found in its factories or its cash: it is found in the 2,000-watt thermal barrier it has broken, the SLT brain it has perfected, and the Taiwanese Lab-to-Fab bridge it has built. This " Triple-Pillar Moat" , that balance sheets can' t capture, is its true book value.

If AEM can raise its Net Margin from the current ~4% toward the industry standard of 15% to 20%, the $8.00 target isn' t just possible: it' s supported by the same math that drove iFAST to surge from $1 to $10 in under one year.

And here' s the scary part: the black market thinks AEM is " More Valuable" than iFAST on current form. While iFAST' s surge was remarkable, AEM' s structural setup is arguably more robust. AEM possesses significantly more positive drivers than iFAST did at its inflection point
~ iFAST is a platform (it connects people to products).
~ AEM is a bottleneck (the products cannot exist without their tech).
Investors pay much higher P/E multiples for " Bottlenecks" than they do for " Platforms" .

So, in summing up, if you judge AEM by the weight of its physical assets, it looks expensive. If you judge it by its role as the indispensable gatekeeper of the AI supply chain, it is still early days. This isn' t just a hardware play it is the AI Quality-Assurance Standard for the next decade.

dyoddd, please.....

Trainner ( Date: 06-May-2026 09:58) Posted:

Will it follow AEM path?????
I do not own AEM, but if I have, I may convert AEM to UMS.....
the growth percentage for UMS should be much higher than AEM..... after AEM ran so much so fast....

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If you got extra cash, you should invest in both (but please hor, I m not inducing you to buy, juz a suggestion).... this is just the start of the AI REVOLUTION and everyday AI is evolving ..... according to Bloomberg TV network last night, the AI momentum is UNSTOPPABLE! and they went on to say it is akin to the START of the Industrial Revolution!

You can tell from the market reaction to UMS' s XD today, we are in a very very good place....
As for AEM, this is what the black market said of the stock in the " ARM THREAD" ....
==========

The Executive Summary:
Is AEM' s price today " Expensive" or still " Early Days" ?
While the NAV looks high, in the AI era, Intellectual Property is more valuable than physical assets. AEM' s worth isn' t found in its factories or its cash: it is found in the 2,000-watt thermal barrier it has broken, the SLT brain it has perfected, and the Taiwanese Lab-to-Fab bridge it has built. This " Triple-Pillar Moat" , that balance sheets can' t capture, is its true book value.

If AEM can raise its Net Margin from the current ~4% toward the industry standard of 15% to 20%, the $8.00 target isn' t just possible: it' s supported by the same math that drove iFAST to surge from $1 to $10 in under one year.

And here' s the scary part: the black market thinks AEM is " More Valuable" than iFAST on current form. While iFAST' s surge was remarkable, AEM' s structural setup is arguably more robust. AEM possesses significantly more positive drivers than iFAST did at its inflection point
~ iFAST is a platform (it connects people to products).
~ AEM is a bottleneck (the products cannot exist without their tech).
Investors pay much higher P/E multiples for " Bottlenecks" than they do for " Platforms" .

So, in summing up, if you judge AEM by the weight of its physical assets, it looks expensive. If you judge it by its role as the indispensable gatekeeper of the AI supply chain, it is still early days. This isn' t just a hardware play it is the AI Quality-Assurance Standard for the next decade.

dyoddd, please.....

Trainner ( Date: 06-May-2026 09:58) Posted:

Will it follow AEM path?????
I do not own AEM, but if I have, I may convert AEM to UMS.....
the growth percentage for UMS should be much higher than AEM..... after AEM ran so much so fast.....

aragosta ( Date: 05-May-2026 21:00) Posted:

SINCE there are serious interests, I shall roll on......

The highlight of the UMS AGM is not the presentation of company' s report and business updates (first time they doing it), or the free flow of food, or Ah Luong' s revelation of his special relation with Lam Research....But it is actually what a Shareholder commented. Here' s a rough transcript of what he said......

Shareholder: My question is actually based on my curiosity.... but first, I would like to endorse what the Chairman said of Mr Luong, when he describes him as a genius. Because he is indeed a genius. And when he told you just now, not to sell your shares, you better not sell your shares.
Let me tell you a story.

About 20 years ago i attended the AGM so that I can meet him. I bought my shares at a dollar plus. Share dropped to 0.30 cents. I went to see him, crying, asking him (what to do)? He pulled me aside and told me " Don' t sell your shares. In 2 or 3 years you will make back your money" . I listened to him, and didn' t sell. Today all my shares are worth ten times the value! So, if he tells you not to sell, you better listen to him!"

The were thunderous applause when he finished that story! True story if you were there!

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Takeover was seldom in the conversation*..... but at the AGM, during the interaction, the directors said whether it' s Nasdaq listing, M& A, more JVs, ASE-lite partnership, setting new plants in new places, nothing is off the table .... right now they are laser focus in growing their revenues and raising their net margins.... next week, we' ll have a very good indication...... but from the way the market is reacting, you can sense we are in a good place, today for example is XD day, yet the price is holding very very well with a bit of help from DOW of course...... according to Bloomberg TV network, last night, the AI momentum is unstoppable...... they akin to the start of the Industrial Revolution.....

*but if listed in Nasdaq, that might attract some interest or attention....

wehuattogether88 ( Date: 06-May-2026 10:33) Posted:

Bro aragosta, will there be a slight possibility that AEM is a prime target for other bigger players to acquire or takeover?

aragosta ( Date: 06-May-2026 09:58) Posted:

AMD gives upbeat forecast after AI data center demand surges
https://www.theedgesingapore.com/news/highlight/amd-gives-upbeat-forecast-after-ai-data-center-demand-surges

AMD Earnings: Stock Rallies 6% after Strong Q1 Beat and Bullish Outlook
https://www.tipranks.com/news/3-best-technology-etfs-to-buy-with-15-upside-potential

AMD forecasts quarterly revenue above expectations as AI chip demand stays strong. Unlike Intel, the company outsources its manufacturing to contract chipmakers such as TSMC
https://www.businesstimes.com.sg/breaking-news

Story Highlights

AMD stock jumps after posting strong Q1 results.
Revenue rose 38% to $10.3 billion on surging AI demand. Adjusted EPS of $1.37 was up 43% from last year.
Data Center becomes AMD&rsquo s largest growth driver, with revenue jumping 57% year over year.
Q2 outlook calls for $11.2B in revenue, up 46% year over year at the midpoint.

Advanced Micro Devices stock soared 6% in after-hours trading after the chipmaker reported Q1 earnings results. Adjusted earnings per share came in at $1.37, rose 42.7% year-over-year, and beat the consensus estimate of $1.29.

In addition, revenue increased 38% year-over-year to $10.3 billion, driven by surging demand for high‑ performance CPUs and accelerators powering AI workloads. The top line also beat analysts' expectations of $9.90 billion.

CEO Dr. Lisa Su said the quarter marked a turning point for the company, aided by strong demand for AI infrastructure. Su added that customer interest in AMD' s MI450 Series accelerators and Helios platform is exceeding expectations, with a growing pipeline of large‑ scale deployments providing increased visibility into future growth.

Data Center Leads the Charge
AMD' s Data Center segment delivered a standout quarter, with revenue climbing 57% year-over-year to $5.8 billion. The surge was fueled by strong demand for EPYC processors and continued ramp‑ up of Instinct GPU shipments as hyperscalers expand AI infrastructure.

Outlook: More AI‑ Driven Growth Ahead
AMD expects the momentum to continue into Q2. The company guided for $11.2 billion in revenue, plus or minus $300 million, reflecting 46% year‑ over‑ year growth at the midpoint and a 9% sequential increase. Adjusted gross margin is expected to hold at 56%, compared with 55% in Q1.

Management said server growth should " accelerate meaningfully" as supply catches up with demand, driven by rising AI inferencing and agentic AI workloads that require more high‑ performance compute.

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The NASDAQ Listing: The Good The Bad The Ugly
AEM and UMS are both considering a dual listing, meaning its shares would trade in both Singapore (SGX) and the US (NASDAQ). A listing on the NASDAQ has long been a subject of market speculation for AEM Holdings, particularly as its focus shifts toward US-based AI and High-Performance Computing (HPC) customers. While the company has not made a formal announcement, the expansion of its San Diego hub and the upcoming launch of the SGX-Nasdaq dual-listing bridge in mid-2026 have intensified these discussions. UMS is also keen on a NASDAQ listing for the valuation reason. BUT, but there are pros and cons in doing so.....

The GOOD

Higher Stock Value: US investors often value tech companies more highly than those in Singapore and often pay more for tech stocks than Singapore investors. This could significantly boost AEM&rsquo s and UMS' s total market value.
Bigger Pool of Cash: It gives AEM access to trillions of dollars from world' s largest group of investors and US investment funds, making it easier to buy other companies or build more plants.
Global Branding: Being on the same stage as giants like Nvidia or Intel makes AEM and UMS look much more like a global leader than just a local player.

The BAD

Strict Rules: The US government has very tough (and expensive) rules for companies listed on the NASDAQ. AEM would have to be extremely transparent, and any reporting mistake could lead to massive fines.
Expensive Fees: Listing in the US isn' t cheap. It requires double the accounting, legal, and regulatory fees because they have to follow both SG and US rules.

The UGLY

Short-Term Pressure: US investors can be very demanding, focusing heavily on quarterly profits, which can sometimes distract a company from long-term goals
Small Fish in a Big Pond: UMS and AEM is big companies in Singapore but just a small cap in the US. It might get ignored by big US analysts.
Time Zone Fatigue: Management would have to deal with investors in two different time zones, which can lead to burnt-out leaders.

Of the two, I must say, UMS is more likely to get into NASDAQ first, and I' ll tell you why. While UMS currently trades above its historical average valuation, it maintains a significant discount relative to its global semiconductor peers. Management has indicated that the current SGX valuation fails to capture the company&rsquo s intrinsic value, particularly its strategic positioning within the high-growth AI ecosystem and the broader semiconductor cycle, and has been cracking their heads how to correct this. So, (that' s why) the company is exploring a secondary listing on NASDAQ to bridge this valuation gap and improve price discovery through exposure to a broader, tech-focused investor base.

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DOW JONES is exploding on the possibility of a peace deal, if this is truly true, stocks like AEM will cheong 10 to 20% as predicted by the black market...... as it is, AMD is riding high on the back of a phenomenal result.... right now, it is trading at its all time high rising about 17% in just a couple of hours..... Here' s why AEM shareholders may be excited, IF it crosses eight convincingly, it is on its way to becoming a $10 stock......

==========

Executive Summary: The Rise of AMD and the AEM Catalyst

1. AMD Q1 2026 Earnings: A Record-Breaking Beat

AMD has delivered a blockbuster earnings report, proving it is no longer just a competitor to Intel, but a primary force in the global AI race.
~ Revenue: $10.3 Billion (Actual) vs. $9.89 Billion (Expected).

~ Earnings per Share (EPS): $1.37 (Actual) vs. $1.29 (Expected).
~ Data Center Growth: Revenue surged 57% year-over-year, driven by massive sales of AI GPUs to giants like Meta and Microsoft.

2. Market Reaction: Historic Highs

The stock market responded with extreme optimism, revaluing AMD as a top-tier tech titan.
~ Stock Surge: Shares jumped approximately 16-17% in a single day.
~ All-Time High: The price touched a record $430.60, significantly surpassing previous peaks.
~ Investor Sentiment: Analysts across Wall Street raised price targets toward the $450&ndash $530 range, citing unstoppable AI momentum.

3. Future Outlook: The AI Super-Cycle

AMD isn' t just growing it is accelerating.
~ Q2 Guidance: AMD expects $11.2 Billion in revenue for the next quarter, far exceeding the $10.5 Billion analysts predicted.

~ Product Roadmap: The upcoming MI450 AI chips are already seeing unprecedented demand, ensuring revenue growth well into 2027.

4. The " Magnificent 10" vs. The Intel Question

The Magnificent 7 has expanded to the Magnificent 10, with AMD officially joining the ranks of NVIDIA and Microsoft.
~ Why AMD is in: It is the only company providing a viable alternative to NVIDIA' s AI hardware. Its fabless model makes it highly profitable and agile.
~ Why Intel is not in: Intel has struggled with manufacturing delays and high costs. It currently lacks a killer AI chip to compete in the data center.
~ BUT Don' t write off Intel: Intel remains the world' s largest producer of PC processors and is building massive foundries in the US. If they successfully pivot to building chips for others, they could stage a major comeback.

5. Strategic Impact on AEM Holdings

For AEM, AMD' s success is a transformational event. AEM provides the specialized testing equipment required to ensure these complex AI chips work perfectly.
~ Validation of Strategy: AMD' s massive sales forecast confirms that AEM' s bet on the " AI/HPC" sector was correct.

~ High-Value Testing: AI chips are harder to test than standard PC chips. This means AEM can charge more for its services, leading to better profit margins.

6. The Two-Anchor Advantage: Stability meets Growth

AEM is currently in a unique best of both worlds position:
~ The Old Anchor (Intel): Intel remains a vital foundation for AEM. It provides high-volume, steady business for traditional PC and server chips. While not high-growth, it keeps the factories running and provides consistent cash flow.
~ The New Anchor (AMD): AMD is the " new jewel in the treasure chest." It represents the explosive growth, the high-tech prestige, and the future of AI.

~ In Good Stead: By supporting both, AEM is protected. It has the stability of Intel' s massive market share and the rocket-fuel growth of AMD' s AI dominance.

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Last night (Singapore morning) market reaction to AMD' s results..... more market expectations and numbers, tomorrow morning (Singapore tonight)......

===============
Dow Futures Rise AMD, Astera, Lumentum, Arista Lead AI Earnings Movers
Dow Jones futures rose overnight, along with S& P 500 futures and especially Nasdaq futures. President Donald Trump " paused" the effort to move ships through the Strait of Hormuz. Advanced Micro Devices, Astera Labs, Lumentum Holdings, and Arista Networks headlined a big night of earnings.
https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-ai-market-rally-highs-amd-astera-lumentum-arista-earnings/?src=A00220
https://www.investors.com/news/technology/amd-stock-q1-2026-earnings-advanced-micro-devices/

AI continues To Lead Rally Sandisk, Lam Research, America Movil In Focus Memory stocks such as Sandisk continue to soar amid skyrocketing growth, but look increasingly extended. The video embedded in the article reviews Tuesday market action and analyzes Sandisk stock, Lam Research and America Movil. Lam Research was Tuesday' s IBD Stock Of The Day.
https://www.investors.com/ibd-videos/videos/ai-continues-to-lead-rally
=============

Executive Summary: AMD Q1 2026 Earnings & Impact on AEM

AMD released its Q1 2026 financial results on May 5, 2026, delivering a beat and raise performance that underscores its growing dominance in the Artificial Intelligence (AI) and Data Center sectors. This success acts as a critical catalyst for AEM Holdings, which is currently transitioning to AMD as its primary revenue driver.

Key Performance Highlights
~ Financial Beat: AMD surpassed market expectations with $10.3 billion in revenue (vs. $9.89B expected) and an Adjusted EPS of $1.37 (vs. $1.29 expected).

~ AI Dominance: Data Center revenue grew 57% year-over-year, reaching $5.8 billion, fueled by massive adoption of the Instinct GPU series by hyperscalers like Meta.
~ Operational Efficiency: The company generated a record $2.6 billion in free cash flow, signaling high profitability in its high-end chip segments.

Market Reaction
~ Immediate Surge: The stock price soared 4% to 7% in after-hours trading, testing new all-time highs between $352 and $375.

~ Sector Sentiment: AMD' s results boosted the broader semiconductor index (SOX), reinforcing investor confidence that the " AI super-cycle" is accelerating rather than slowing.

Future Outlook
~ Raised Guidance: Management projected Q2 revenue of $11.2 billion, significantly higher than the $10.52 billion consensus.

~ AI Momentum: AMD raised its full-year AI revenue forecast, citing a robust pipeline for next-generation MI350/MI400 series chips.

Strategic Implications for AEM Holdings

As AMD' s key testing partner, AEM stands to be a primary beneficiary of this growth:

Anchor Customer Transition: AMD is now confirmed as the " major fabless customer" that is expected to replace Intel as AEM' s top revenue contributor by the end of 2026.
Increased Test Intensity: AMD' s more complex AI architectures require AEM' s advanced System Level Testing (SLT) and thermal management, leading to higher margins per unit tested.
Revenue Visibility: AMD' s aggressive Q2 and full-year guidance provides AEM with a much clearer order book, supporting analyst' s expectations that AEM' s AI-related revenue could more than double this fiscal year.
Market Confidence: Positive sentiment for AMD directly correlates with AEM' s valuation, as seen in the recent increase in institutional stakesin AEM.

aragosta ( Date: 06-May-2026 09:58) Posted:

AMD gives upbeat forecast after AI data center demand surges
https://www.theedgesingapore.com/news/highlight/amd-gives-upbeat-forecast-after-ai-data-center-demand-surges

AMD Earnings: Stock Rallies 6% after Strong Q1 Beat and Bullish Outlook
https://www.tipranks.com/news/3-best-technology-etfs-to-buy-with-15-upside-potential

AMD forecasts quarterly revenue above expectations as AI chip demand stays strong. Unlike Intel, the company outsources its manufacturing to contract chipmakers such as TSMC
https://www.businesstimes.com.sg/breaking-news

Story Highlights

AMD stock jumps after posting strong Q1 results.
Revenue rose 38% to $10.3 billion on surging AI demand. Adjusted EPS of $1.37 was up 43% from last year.
Data Center becomes AMD&rsquo s largest growth driver, with revenue jumping 57% year over year.
Q2 outlook calls for $11.2B in revenue, up 46% year over year at the midpoint.

Advanced Micro Devices stock soared 6% in after-hours trading after the chipmaker reported Q1 earnings results. Adjusted earnings per share came in at $1.37, rose 42.7% year-over-year, and beat the consensus estimate of $1.29.

In addition, revenue increased 38% year-over-year to $10.3 billion, driven by surging demand for high‑ performance CPUs and accelerators powering AI workloads. The top line also beat analysts' expectations of $9.90 billion.

CEO Dr. Lisa Su said the quarter marked a turning point for the company, aided by strong demand for AI infrastructure. Su added that customer interest in AMD' s MI450 Series accelerators and Helios platform is exceeding expectations, with a growing pipeline of large‑ scale deployments providing increased visibility into future growth.

Data Center Leads the Charge
AMD' s Data Center segment delivered a standout quarter, with revenue climbing 57% year-over-year to $5.8 billion. The surge was fueled by strong demand for EPYC processors and continued ramp‑ up of Instinct GPU shipments as hyperscalers expand AI infrastructure.

Outlook: More AI‑ Driven Growth Ahead
AMD expects the momentum to continue into Q2. The company guided for $11.2 billion in revenue, plus or minus $300 million, reflecting 46% year‑ over‑ year growth at the midpoint and a 9% sequential increase. Adjusted gross margin is expected to hold at 56%, compared with 55% in Q1.

Management said server growth should " accelerate meaningfully" as supply catches up with demand, driven by rising AI inferencing and agentic AI workloads that require more high‑ performance compute.

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This news was featured on CNA/MediaCorp Ch5 News, two days ago... it was a short video, but it speaks volume.... and of great significance. If it is to be listed in NASDAQ, this is part of a complelling reason....if you have been to the AGM, you would have learned the tails behind the spin. PEOPLE DON' T UNDERSTAND THE SIGNIFICANCE OF IT, UNTIL IT TRULY BECOMES SIGNIFICANT.....

========
AEM is currently undergoing a massive transformation from a Singapore-based company into a truly global semiconductor powerhouse. By 2026, it has shifted its focus heavily toward the United States to capture the AI and High-Performance Computing (HPC) boom. 1) The Significance of the US Expansion
AEM has moved beyond just having offices in the US it now operates a specialized engineering hub in San Diego and supports facilities in Arizona and Oregon.
~ Being Near the " Big Tech Players" : San Diego is the home of Qualcomm and a major base for Intel. Being local allows AEM to fix problems and design new testers in real-time alongside their customers.
~ The AI Boom: The chips used for AI (like those from Nvidia or Intel) get very hot and are hard to test. The US facilities focus specifically on Thermal Management ~ making sure these powerful chips don' t melt during the testing process.
~ National Security: By building in the US, AEM aligns with the US CHIPS Act. This makes US customers feel safer knowing their secret chip designs are being tested on American soil rather than in high-risk regions.

2) The Missing Link: The ASE Partnership
AEM' s partnership with ASE (and its US unit, ISE Labs) is a game-changer. ASE is the world' s largest chip packaging company.
~ One-Stop Shop: Instead of a chipmaker sending a chip to one place for packaging and another for testing, the AEM-ASE partnership allows it to happen in one smooth workflow in San Diego.
~ Time-to-Market Speed: This setup significantly cuts down the time it takes to get a new chip from the factory to the store.
~ The Gold Standard: Having a giant like ASE use AEM' s machines in the US proves to the rest of the industry that AEM' s technology is the gold standard.

3) The Global Synergy: How the Facilities Work Together
AEM uses a " Hub and Spoke" model (I said so many times until I sound like a broken record). Each country has a specific job:
~ United States (The Designer): High-end research, rapid prototyping, and talking to customers. It' s the " Boutique" where new ideas are born.
~ Singapore (The Brains): Global HQ. It handles the most complex engineering and high-value manufacturing. (Can you " feel" one GLC is always looking over the shoulders?)
~ Malaysia (The Muscle): The Penang plant (365,000 sq ft) is the mass-production engine. Once a machine is designed in the US/Singapore, Malaysia builds hundreds of them at a lower cost.
~ Vietnam (The Support): Focuses on smaller parts like circuit boards and cables. It acts as a backup to ensure production never stops if another country has issues.

s100125 ( Date: 06-May-2026 09:05) Posted:

AI news on AEM
https://www.channelnewsasia.com/singapore/semiconductors-united-states-market-artificial-intelligence-demand-advanced-chips-6100656

s100125 ( Date: 06-May-2026 09:02) Posted:

ATxSummit 2026 Brings Global Leaders to Singapore to Chart AI Future Across asia https://sg.finance.yahoo.com/news/atxsummit-2026-brings-global-leaders-072400110.html

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AMD gives upbeat forecast after AI data center demand surges
https://www.theedgesingapore.com/news/highlight/amd-gives-upbeat-forecast-after-ai-data-center-demand-surges

AMD Earnings: Stock Rallies 6% after Strong Q1 Beat and Bullish Outlook
https://www.tipranks.com/news/3-best-technology-etfs-to-buy-with-15-upside-potential

AMD forecasts quarterly revenue above expectations as AI chip demand stays strong. Unlike Intel, the company outsources its manufacturing to contract chipmakers such as TSMC
https://www.businesstimes.com.sg/breaking-news

Story Highlights

AMD stock jumps after posting strong Q1 results.
Revenue rose 38% to $10.3 billion on surging AI demand. Adjusted EPS of $1.37 was up 43% from last year.
Data Center becomes AMD&rsquo s largest growth driver, with revenue jumping 57% year over year.
Q2 outlook calls for $11.2B in revenue, up 46% year over year at the midpoint.

Advanced Micro Devices stock soared 6% in after-hours trading after the chipmaker reported Q1 earnings results. Adjusted earnings per share came in at $1.37, rose 42.7% year-over-year, and beat the consensus estimate of $1.29.

In addition, revenue increased 38% year-over-year to $10.3 billion, driven by surging demand for high‑ performance CPUs and accelerators powering AI workloads. The top line also beat analysts' expectations of $9.90 billion.

CEO Dr. Lisa Su said the quarter marked a turning point for the company, aided by strong demand for AI infrastructure. Su added that customer interest in AMD' s MI450 Series accelerators and Helios platform is exceeding expectations, with a growing pipeline of large‑ scale deployments providing increased visibility into future growth.

Data Center Leads the Charge
AMD' s Data Center segment delivered a standout quarter, with revenue climbing 57% year-over-year to $5.8 billion. The surge was fueled by strong demand for EPYC processors and continued ramp‑ up of Instinct GPU shipments as hyperscalers expand AI infrastructure.

Outlook: More AI‑ Driven Growth Ahead
AMD expects the momentum to continue into Q2. The company guided for $11.2 billion in revenue, plus or minus $300 million, reflecting 46% year‑ over‑ year growth at the midpoint and a 9% sequential increase. Adjusted gross margin is expected to hold at 56%, compared with 55% in Q1.

Management said server growth should " accelerate meaningfully" as supply catches up with demand, driven by rising AI inferencing and agentic AI workloads that require more high‑ performance compute.

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OCBC&rsquo s Indonesia deal boosts wealth push, may herald more M& A under new CEO Tan Teck Long: analysts. Industry watchers say the bank might look to high-growth Asean markets for more acquisitions.https://www.businesstimes.com.sg/companies-markets/ocbcs-indonesia-deal-boosts-wealth-push-may-herald-more-m-under-new-ceo-tan-teck-long-analysts

As I said, Mr Tan will be accelerating on the history making mega developments ..... just keep an eye on him... TRUST him as the mafia chiefs are trusting him to bring OCBC to the next level, which the previous CEOs can' t ....... Mid-twenties is easily within reach, provided no nuclear bomb.....

aragosta ( Date: 11-Dec-2025 10:18) Posted:

$20 is really a waste of time and human effort...... by first half next year, you' ll know why.......

Assaulting nineteen now ..... if it goes over convincingly, mid twenties awaits easily by first half next year .......
remember heavyweight Tan is on board by then, his first there months is very crucial ..... to him, and to us.......
beleive, he' ll be accelerating on the history making mega development ......
if this mega development does not happen next year, I' m out of here for good///////.........

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Ah Tong, you should know by now, I' m not a gambler..... like stocks, I am a long term serious investor...I sell only when I made enough, or to average down my cost.... like AEM, my average cost is below a dollar! Be like me lah, don' t treat SGX like a casino......

By the way, how come you never post JPM buying into AEM, filed with SGX today...
https://links.sgx.com/FileOpen/_eFORM3V2.ashx?App=Announcement& FileID=887624only post when they sell, you were quick to post......like that how can? boh swee leh.....

Anyway, these buy and sell transactions relating to such large institutional investment funds are not so critically significant here, the point which I' m trying to make all along.....

' As I repeatedly said....
" It is important to view these disclosures as standard market activity rather than a shift in institutional sentiment. JPMorgan functions as a global investment house, often acting as a custodian or nominee for a wide range of institutional and high-net-worth clients.

Consequently, many of these transactions are client-driven rather than proprietary trades made with JPM' s own capital. When a sale occurs, it typically reflects a client' s decision to take profits, rebalance a portfolio, or reallocate funds to another asset ~ much like a retail trader would ~ rather than a lack of confidence by JPM in the company' s long-term value."

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SINCE there are serious interests, I shall roll on......

The highlight of the UMS AGM is not the presentation of company' s report and business updates (first time they doing it), or the free flow of food, or Ah Luong' s revelation of his special relation with Lam Research....But it is actually what a Shareholder commented. Here' s a rough transcript of what he said......

Shareholder: My question is actually based on my curiosity.... but first, I would like to endorse what the Chairman said of Mr Luong, when he describes him as a genius. Because he is indeed a genius. And when he told you just now, not to sell your shares, you better not sell your shares.
Let me tell you a story.

About 20 years ago i attended the AGM so that I can meet him. I bought my shares at a dollar plus. Share dropped to 0.30 cents. I went to see him, crying, asking him (what to do)? He pulled me aside and told me " Don' t sell your shares. In 2 or 3 years you will make back your money" . I listened to him, and didn' t sell. Today all my shares are worth ten times the value! So, if he tells you not to sell, you better listen to him!"

The were thunderous applause when he finished that story! True story if you were there!

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On my way back from the Genting Dream Cruise this morning, I found this report lying on the floor at the gangway... it' s like as if someone purposely leave there, begging me to pick it up. I picked up, read it, found it interesting, so I thought I should share it with you.

This report summarizes the investment thesis for AEM Holdings' potential transition to the Nasdaq, evaluating whether this move can recreate the " Creative Technology" success story of the 1990s.

The AEM " NASDAQ Moon Quest"

The Core Objective: While AEM is expanding its physical plants in the US, the primary goal of a Nasdaq listing is Valuation and Visibility. Management aims to rebrand AEM from a " Singapore industrial firm" into a " Global AI Hardware leader." (One can sense the presence of a government~linked entity hiding in a closet nearby). This transition is the only realistic catalyst that could push the stock from its current single-digit range toward a double-digit valuation ($10&ndash $25+).

1. The Golden Ticket: The SGX-Nasdaq Bridge

Previously, listing in the US was a nightmare of paperwork and fees. By mid-2026, a new regulatory bridge changes the game:
~ Ease of Entry: AEM can use a single prospectus to list on both exchanges.

~ With a market cap exceeding S$2B, AEM is a prime candidate for this fast-track program.
~ This reduces thehigh administrative fees discussed earlier, making the move much more efficient.

2. The Why: The Valuation Gap

The market thrives on " multiples."
~ Singapore Market: Investors are often conservative, valuing tech stocks based on steady dividends and modest growth.
~ Nasdaq Market: US investors pay a premium for AI infrastructure. AEM' s peers (like Teradyne) trade at significantly higher price-to-earnings ratios.
~ Result: Moving to the Nasdaq allows AEM to be measured against AI giants, which could re-rate the share price significantly higher without changing the underlying business.

3. The " Creative Technology" Comparison

Can AEM emulate Creative' s $50+ peak?
~ The Similarities: Both companies utilized Singaporean engineering to dominate a global niche. Both sought the Nasdaq to tap into Big Tech capital.
~ The Difference: Creative was a Consumer play (Sound Blaster). AEM is an Infrastructure play. While AEM might not have the household name fame, its role as a gatekeeper for AI chip testing makes its revenue potentially more stable and sticky than a consumer gadget.

4. The Golden Bullet of Growth: AI & HPC
The transition is fueled by a massive shift in AEM' s business model:

~ The New Anchor: AEM has moved beyond its heavy reliance on Intel. Two new Top 5 AI/HPC giants are now driving the company' s growth.
~ Financial Health: AEM entered 2026 with S$74.3M in net cash and strong cash flow. This means they don' t need the Nasdaq just to survive ~ they are using it to thrive and expand their US footprint (Arizona/California).

5. The Risks to Watch
~ Small Fish Status: On the Nasdaq, AEM is a small-cap stock. It must fight for the attention of US analysts to avoid being ignored and neglected
~ The Profit Target: To realistically sustain a S$25.00 price, AEM needs to scale its annual net profits significantly (targeting ~S$200M+). Not impossible.
~ Litigation: The ongoing Advantest lawsuit remains a hurdle that could affect investor sentiment during the listing process.

The Executive Summary

AEM is attempting to catch the AI Lightning in a bottle. The Nasdaq listing is the multiplier. If AEM successfully ramps up its AI testing solutions for its new anchor customers, the combination of high earnings growth and US market valuation could realistically propel the stock price into the double-digits.

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My very good friend and former neighbour, Ah Luong gave a very good preview of the Year' s business and the earnings going forward , plus the ambitious strategic plans.....He added,." The AI is booming at a very fast pace...we are in a situation, it' s not whether we can secure more orders, it' s whether we got the capacity and time to fulfill these new orders..." and he ended with a strong cryptic message..... " if I were you, DON' T SELL the shares just yet!"

Trust me, he' s trying to tell us something!

wehuattogether88 ( Date: 05-May-2026 13:41) Posted:

Maybe UMS coming 1Q2026 results will be good and above consensus.
Just my thoughts.

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I posted this on the " AEM" thread.earlier this year.....
Try to go through this, so that you will understand my next post on LAM RESEARCH better...

aragosta
Supreme

Posted: 08-Feb-2026 16:32

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WHY I' M NOT JOKING, WHEN I SAID UMS WILL HIT FOUR .......
========

UMS Integration (UMS) is currently transforming its business model from a single-customer dependency into a powerful " dual-pillar" strategy. By leveraging its unique manufacturing secrets and strategic geography, UMS is positioning itself as a critical player in the global AI-driven semiconductor surge.

1. The Foundation: Strategic Customer Comparison

UMS serves the world' s two largest semiconductor equipment manufacturers, Applied Materials (AMAT) and Lam Research.

Applied Materials (The Present Anchor): AMAT has been UMS' s primary partner since 2009. Historically contributing ~90% of revenue, AMAT provides UMS with stable, high-volume orders for its Endura product line.
Lam Research (The Future Growth Engine): Referred to as " Customer H" in reports, Lam Research is UMS' s new major growth pillar. While still smaller in current revenue share, it is expected to eventually match AMAT' s scale.

2. Geographical Synergy: Singapore and Penang
UMS uses its physical locations to stay indispensable to its customers supply chains.

a) Singapore

(The AMAT Hub): UMS operates near AMAT' s massive regional headquarters in Singapore. This proximity allows for " local-for-local" shipping and real-time collaboration on high-end sub-assemblies.

b) Penang, Malaysia

(The Lam Hub): UMS recently expanded its Penang facility by 300,000 sq ft to support the massive ramp-up of Lam Research, which has its own largest global factory nearby in Batu Kawan. This facility is the engine for UMS' s next stage of growth.

3. Revenue Transition: Timeline to 2026 and Beyond

The transition from a 90% dependency on AMAT to a balanced model is already underway.

Phase 1 (2024 - 2025): Lam Research contributed S$20 million in 2024, expected to grow to S$50 million in 2025 as new product initiatives (NPIs) are qualified.
Phase 2 (2026 Forward): Revenue from Lam Research is expected to be " fully realised" from 2026 onwards.
The " Quantum Jump" Goal: Management targets a long-term top-line contribution of S$300 million per annum from Lam Research within the next three to five years, effectively making it equal in importance to AMAT.

4. The Endura Secret Sauce: Why They Can' t Leave UMS

The glue that binds these giants to UMS is proprietary technology. AMAT shared its manufacturing secrets with UMS years ago to ensure they could build the complex wafer transfer modules for the Endura system. UMS now holds an estimated 70% supplier market share for these critical machines.

5. AI: The Ultimate Connector

Artificial Intelligence is the fuel that ensures both customers - and therefore UMS - remain busy through 2028.

WFE Spending: AI-driven demand for advanced chips is pushing global Wafer Fab Equipment (WFE) spending toward a record US$138 billion by 2026.
Complex Machines: As AI chips move to 2nm and below, the machines built by AMAT and Lam become more complex, requiring the high-end precision and " special processes" that only UMS is currently qualified to provide at scale.

Summary of Customer Evolution

Attribute	Applied Materials (AMAT)	Lam Research (LRCX)
Role	Stable, legacy partner (The Present).	Rapidly scaling growth pillar (The Future).
Revenue Status	~69% - 90% of total business.	Ramping up targeting S$300M/year.
Location Link	Singapore-based operations.	Penang-based " neighbour" supplier.
AI Driver	Leading-edge logic and deposition tools.	Advanced etching and packaging for AI chips.

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Be very careful what you wish for..... may very well happen at the rate it is going, and I' m not talking just about the price with the way and speed AI is moving. .... maybe not now, or this year, but in a year or two or three..... it may very well happen, eventually....

Right now, the vibe, is about AEM overtaking IFast soon .... it may well be supported by the fact that big players are cashing out of iFast and moving their money into AEM.... you just need to compare the movement of both prices..... beginning of the year IFast was almost $11, AEM below $2..... now IFast is fast moving towards $8, AEM is fast moving to above $8.... if AMD results is overwhelming fantastic tomorrow night, and AEM results next week is well beyond expectations, which black market is heavily betting it would be, the " exchange" ceremony of AEM/IFAST prices might take place as early as this week.....

tongphlp ( Date: 04-May-2026 15:16) Posted:

when and if that happens, chairman wong nl would probably be ousted and kicked out...

WongKheeKai ( Date: 04-May-2026 15:13) Posted:

Highly possible aem will surpass venture, considering the tech leadership they have compared with venture. Importantly, now they have a broad base of clients

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x 1

A COFFEE SHOP STORY....

As I said, the funds and institutions, in tacit coordination from the black market players, are running the show. You may want to know, and please no need to use AI to check because it can' t tell you, since the stock price passed its ATH, as many as 1,000 retailers, especially those who bought high during the old days, had exited. Now there are less than 4,000 retail shareholders. Even during the AGM, there were less than 100 attendees (half were there hoping to get some freebies), only six asked questions..... You can also tell from this forum, there are few interest, except those mercenary clowns, who every day, thinking the price is already too high, are trying their best to find all sorts of ways to short the stock, thinking it' s easy money. I have already warned you enough, and can only say, the best is yet to be, for long termers of course......

Talking about clowns, there is no better word to refer to Malaysia' s Employees Provident Fund Board.....They cut its stake in AEM Holdings when the market was JUST turning bullish and even though the management came out to give guidance for a better year ahead. On March 2, EPF sold 6.45 million shares at an average of $2.97 each the following day, it sold another 1.9 million shares at $3.18 each. Imagine if they had sold last week, they would have gotten $40 millions more..... if only they have known or listened to the black market gangsters.......

Meanwhile since ah tong refused to post any more news bites on AEM, maybe out of envy or getting lazy because he has exited, so boh piang, has to post these myself......but I must confess, these are NOT all there is, I juz happened to run across them, so I post them..... ah tong seems to better at digging up such news,,,,,,

==========

BofA hikes 2026 chips forecast to $1.3 trillion, names Nvidia, Broadcom, Marvell, AMD as top drivers.
https://finance.yahoo.com/news/bofa-hikes-2026-chips-forecast-to-13-trillion-names-nvidia-broadcom-marvell-amd-as-top-drivers-164800203.html

Semiconductor Industry Growth Exceeds $1.6 Trillion by 203
https://www.linkedin.com/posts/bill-wiseman-35a170_personally-ive-always-struggled-a-bit-with-activity-7419922260528058369-HQl5

Citigroup lifts AI market forecast to more than US$4.2 trillion. This is due to faster-than-expected enterprise adoption of artificial intelligence tools for coding and automation
https://www.businesstimes.com.sg/international/global/citigroup-lifts-ai-market-forecast-more-us4-2-trillion

WHY THESE NEWS DEVELOPMENTS MATTER TO AEM AND UMS
The surging semiconductor market signals a multi-year supercycle that directly benefits AEM Holdings and UMS Integration by fueling demand for critical testing and production hardware.

AEM Holdings: Positioned for growth through its specialized System Level Test (SLT) solutions and partnerships with leading AI chip designers.
UMS Integration: Benefits as a primary supplier to Applied Materials and Lam Research, capturing the rise in global wafer fab equipment spending.

Other influential news developments and analysis

Seagate forecasts upbeat quarter as AI boom powers strong data-storage demand
https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/seagate-forecasts-upbeat-quarter-ai-boom-powers-strong-data-storage-demand

Nvidia&rsquo ' s push into physical AI sparks rally in Asian partners. The company has deepened chip-focused ties with suppliers such as SK Hynix and Samsung Electronics
https://www.businesstimes.com.sg/companies-markets/nvidias-push-physical-ai-sparks-rally-asian-partners

Why The Tech World Is Watching AEM' s New ASE Partnership
https://www.youtube.com/watch?v=iBRMgnjUeXE

AEM Holdings soars 370% in 2026 ~ Will I buy this Singapore semiconductor stock?
https://financialhorse.com/aem-holdings-soars-370-in-2026-will-i-buy-this-singapore-semiconductor-stock/

AEM, UMS among chip players riding AI-linked export surge
https://www.businesstimes.com.sg/companies-markets/aem-ums-among-chip-players-riding-ai-linked-export-surge

Google to invest up to US$40 billion in AI rival Anthropic. The investment comes just days after e-commerce giant Amazon says that it will invest up to US$25 billion in the startup
https://www.businesstimes.com.sg/startups-tech/startups/google-invest-us40-billion-ai-rival-anthropic

AI' s token economy revolution creates new China tech winners. The market remains hypercompetitive with new players all the time, and the deeper-pocketed, larger firms are not sitting still.
https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/ais-token-economy-revolution-creates-new-china-tech-winners?ref=article-see-also

AI chip surge elevates Taiwan, South Korea in global equity rankings. The tech-heavy Asian markets have shot past Germany and France in the past seven months
https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/ai-chip-surge-elevates-taiwan-south-korea-global-equity-rankings

Meta inks multibillion-dollar deal to use Amazon chips for AI.
The deal is the latest Big Tech tie-up as the industry scrambles to secure sufficient processors to power AI models
https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/meta-inks-multibillion-dollar-deal-use-amazon-chips-ai?ref=article-see-also

We Think AEM Holdings Profit Is Only A Baseline For What They Can Achieve. We have done some analysis, and we found several positive factors beyond the profit numbers.
https://sg.finance.yahoo.com/news/think-aem-holdings-sgx-awx-220138781.html

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WOW... can' t believe I wrote this in the other " AEM" thread, beginning of the year, just as I got words that this Monster will make a run soon.... the words true or not, you judge for yourself.... I will bring in a couple more posts here, before I make another important piece of revelation...... As I said, somewhere, UMS haven' t really run yet... when it does, this Monster will be unrecognisable.... believe or unbeliever, I don' t really care .... I care only you dyodddd..... but still the black market gangsters have been truly unbelievable nowadays....

= ======

aragosta
Supreme

Posted: 14-Jan-2026 12:06

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The Powerful Catalytic Effect of AI Synergy
AEM and UMS are considered AI-relevant stocks and potential price catalysts could spur both them toward all-time highs, with analysts issuing " Buy" ratings and high price targets for both. And as I been repeating all over, each has its own strength, forte, and niche capabilities to be of significant relevance to the AI related semicon industry. AEM' s strength lies in its system-level test (SLT) solutions with unique thermal control, while UMS' s forte is as an integrated original equipment manufacturer (OEM) for front-end equipment.

I have many coffee shop stories to tell on AEM including Lawrence Wong and GKY' s interest in this potential GLC company, but first let me frustrate those UMS non-believers who exited at the first sight of profits& hellip ..and shortists (who borrow to short) trying desperately to bring down the price to cover back.... (no use one!)

When UMS announced its bonus issue on 7 Nov, price was $1.16ps. When it went XB, price was $1.45 ps, effectively pricing post bonus price at coincidentally $1.16pc. In the days after Xb, smart alecs, calculating that UMS should be 0.29 less then, shorted UMS until this price before it started to bounce back...... yesterday it hit $1.30, and now it gone past $1.30 convincingly to hit $1.33. What does this tell you? Well, for once it tells you the resilience of the stock and that the black market has an eagle of an eye, or is it the eye of an eagle?........to be able to spot the coming of a potential high capital-gaining stock. In less than one week, the stock smashed the faces of the shortists, and went above its bonus announcement price, the analysts' theoretical post bonus price, the perceived x-bonus price and now about to attack the highest Bursa traded price and the Xbonus price of $1.45 ps. Normally this does not happen or happened so quick.......Or like they said, there' s more to it than meets the eagle& rsquo s eyes...... the next unbelievable milestone is hitting its absolute ATH of $1.57...... But this is going to be absolutely nothing compared to what the black market is expecting.......an unbelievable price of more than double its current price. And to help us will be some important announcements from my very good friend Ah Loong.......

Remember, UMS is no longer a 90% one customer company.......It now has two world class customers, Ah MAT and Ah Lam, each contributing abot 40%, but Ah Loong is going to tell you, by year end Ah Lam is going to give us a very very significant revenue contribution...... I will wrote more of this later as more coffee shop news flow in......

please hor, these are unbelievable theories from the black market gangsters who like to spice up their unbelievable stories to make them more unbelievable...... so, dyodddd please

x 0

As promised, I will provide black market views as and when possible, but of course as the stock gets hotter and hotter, it will attract many mercenary clowns, and marplots who will sabotage me, so I have to be careful.... my hints are all over the place in each of my messages, so you have to read through it all, to catching a tip or two.....but dyodddd please.

=========
A significant but overlooked event occurred in late March 2026: Amova Asset Management (formerly Nikko Asset Management) became a substantial shareholder in UMS Integration. Amova is a major Japanese-headquartered multinational investment company and a leading Asian asset manager.

Why Amova is Investing in UMS?

1. Massive Growth Expected in 2026

Investors expect UMS to enter a " super ramp" phase in 2026.
Revenues from Lam Research, a new major customer, are predicted to jump 100% year-on-year in 2026 as new products start mass production.
Higher Profits: Analysts from DBS Group Research forecast that net profit will grow by 30.5%, reaching about S$54.3 million in 2026. (Actually this is being revised upwards constantly as the days go by).

2. The AI Boom and Advanced Technology

UMS is a key partner for global giant Applied Materials (AMAT). It makes critical components used to build the advanced chips that power AI.
Advanced Packaging: UMS is involved in next-generation chip packaging, a high-growth area where global demand is currently exploding.

3. Strong Government and Market Support

UMS is a top choice for Amova' s dedicated Singapore fund, which targets high-quality mid-sized companies supported by the government' s S$5 billion EQDP initiative.
This government support helps improve stock liquidity and can lead to a ' re-rating' , which means the market values the company more highly over time.

4. Global Resilience and Diversity

With its new factory in Penang, Malaysia, UMS can produce goods locally for global clients. This helps the company avoid risks from US-China trade tensions.
Beyond Chips: UMS also earns money from the aerospace sector, which is recovering strongly as global air travel increases.

Current Valuation
As of early April 2026, UMS is trading above its historical average valuation. However, it remains at a significant discount relative to global semiconductor peers. Analysts view this as a classic ' catch-up' play, with the stock price finally beginning to reflect the company' s new high-growth cycle and projected forward earnings.

The company' s management has signaled that the current SGX valuation doesn' t fully capture its worth. This discrepancy drove their secondary listing on Bursa Malaysia, where tech stocks command much richer P/E multiples of 55x to 60x. There are even ' insiders' whispers that UMS is eyeing a potential Nasdaq listing to further bridge this valuation gap..... though we' ll dive deeper into those rumors when the timing is right...... But this is no imaginary bullshit, unlike other speculation.