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UMS
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PQTPQK
Supreme |
16-Oct-2025 10:14
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tech laggards.. | ||||
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luckyguy3
Master |
13-Oct-2025 09:00
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Trump UNTACO liao.. he said 100% proceeds. And China at the same time warns if Trump dun drop the 100%, they will retaliate. So in the end, back to tariff war. If China announces new measures, Trump will get angry and say even high Tariff (200%?) for China.. Now is a deadlock situation 
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wehuattogether88
Supreme |
13-Oct-2025 08:48
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US futures including Nasdaq rebounce today after Donald Trump said trade relations with China will all be fine. |
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Alignment
Elite |
12-Oct-2025 22:30
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Best to wait to see how far it falls in the next few days. Unless Trump TACOs before US market open unlikely that tomorrow will be the local bottom | ||||
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bishan22
Supreme |
12-Oct-2025 17:31
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What is the entry price??????
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PQTPQK
Supreme |
18-Sep-2025 09:15
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seem strong ....
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sfw2124
Senior |
09-Sep-2025 22:31
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UMS Holdings (SGX:558) Swing Trade Analysis and FY2025 OutlookMain Takeaway: UMS Holdings is trading at S$1.34 after a recent pullback, with technical indicators showing short-term weakness but potential support near S$1.32. Analysts forecast a rebound driven by strong AI-led semiconductor demand, with consensus price targets averaging S$1.76 (upside ~31%). MAS has designated UMS a direct beneficiary of its Equity Market Development Programme (EQDP), reinforcing positive medium-term fundamentals. MAS EQDP StatusDBS notes UMS is a direct beneficiary of the Monetary Authority of Singapore&rsquo s Equity Market Development Programme, reflecting strong equity and dividend criteria under EQDP. Probability of Achieving Better FY2025 Results
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Klein_Yeoman
Senior |
09-Sep-2025 10:15
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Dead stock KNN! | ||||
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Alignment
Elite |
29-Aug-2025 19:13
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He' s overconfident if he is confident he can predict Trump. | ||||
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Joelton
Supreme |
29-Aug-2025 12:19
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UMS Integration confident it can turn Trump tariffs into an advantage, says CEO Andy Luong
Never ever challenge China to a fight, if you don&rsquo t want to end up a loser, says Andy Luong, CEO of UMS Integration, referring to the US-led tariffs battering global trade and economic growth.
While chips made in China are &ldquo cheap and good&rdquo , US customers are not buying them at present for fear of a Trump tantrum.
To combat this, the Chinese government is helping companies sell their products by providing subsidies. Chinese manufacturers also have a knack for breaking into new markets &mdash patents offer little protection since they can be sidestepped easily.
However, there could be an unexpected beneficiary in the trade war &mdash UMS.
According to CEO Andy Luong, who is also UMS&rsquo s controlling shareholder, tariffs will benefit the company as customers find it more expensive to buy chips manufactured in countries like China or Cambodia compared to those manufactured in Singapore via UMS.
Quality over quantity
Luong says &ldquo everything is good about Singapore&rdquo , where UMS&rsquo s headquarters is located, except that it is an expensive place to do business.
&ldquo But being expensive doesn&rsquo t mean it&rsquo s bad. We can make use of the higher-value environment to produce high-value products,&rdquo adds Luong, likening it to high-end luxury brands that sell quality products.
&ldquo We want to present ourselves as a more premium supplier.&rdquo
Luong&rsquo s vision isn&rsquo t far off the mark, given that the city-state is being recognised by a rising number of companies such as Airbus and Rolls-Royce, who have opted to base certain manufacturing processes here. As such, UMS has proposed that its customers move the parts that are currently made in Europe or America to Singapore, where its facilities can provide ample support.
However, for UMS to remain profitable and maintain its margins, Luong recognises the need to streamline the company&rsquo s processes and outsource certain parts of the production line to other countries. In February 2009, the company&rsquo s hub in Penang began operations. In July 2024, it announced an expansion with the purchase of more land in Penang Science Park North.
In Singapore, UMS will conduct its new product launches and research and development, while its Malaysian hub complements it with its manufacturing facilities.
UMS&rsquo s major expenses are in Singapore dollars (SGD) or Malaysian ringgit. &ldquo We keep enough local currency to pay for overheads, although the bulk of our money is in USD,&rdquo says Luong.
At present, the strong SGD is helping UMS, given that all its purchases, such as its original equipment manufacturer (OEM) parts, raw materials and certain expenses such as salaries and overheads, are paid in USD, says Luong.
Even for machinery and equipment, the company buys them in Japanese yen or euros due to better rates. For example, UMS&rsquo s major customer is Nasdaq-listed, California-headquartered Applied Materials.
Bet that paid off
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To an extent, Luong comes across as a betting man whose calls have mostly paid off. Born in Vietnam, he migrated to the US in 1979, lived his version of the American Dream, but decided to make a big bet on Singapore in 1996. He moved his machining company, then named &ldquo Long&rsquo s Manufacturing&rdquo , from Silicon Valley to Singapore after being approached by the Economic Development Board (EDB).
Initially, he questioned whether the move to Singapore was a &ldquo very dumb&rdquo decision. After all, he had no customers or a presence here. However, labour costs and &ldquo terrible&rdquo work ethics in the US pushed him to accept Singapore&rsquo s tax incentives of 10 years and government land offers.
UMS was born after Luong entered into a joint venture with URACO Holdings in 1996. The company was acquired by Luong in 2000 and was subsequently renamed UMS Semiconductor.
To this day, the group continues to be headquartered out of its original 22 Changi North Crescent address.
In the early days, the company machined and completed their products before shipping them to the US. &ldquo We did that for around three to four years,&rdquo says Luong, who initially adopted work for UMS from his existing US facility by taking orders and sending the material to Singapore by container for processing.
This led a key customer of UMS to take notice of its stable operations in Singapore. He recalls: &ldquo In the 2000s, they, let&rsquo s call them customer A, set up their office in Singapore and we took them on. So, we were actually an example of how moving from the US to Singapore could be successful.&rdquo
Luong&rsquo s second bet in 2007 was to set up UMS&rsquo s Penang facility. Today, he says UMS has about 400 employees in Singapore and around 1,000 in Malaysia. He says, &ldquo We use the best of both countries. That&rsquo s why in the last 10 to 15 years, we have been profitable, because we streamlined our process and integrated our operations vertically. We also don&rsquo t have to spend a lot of time sourcing [for business] in Malaysia.&rdquo
In its most recent 2QFY2025 ended June results, sales from UMS&rsquo s Malaysia operations surged 270% y-o-y, contributing to the 20% y-o-y group revenue increase to $67.3 million. In tandem, earnings grew 10% y-o-y to $10.3 million. With a second interim dividend of one cent per share, the total dividend payout for the half-year came up to two cents.
According to UMS, the revenue growth in Malaysia was due to a stronger order flow from the group&rsquo s new major customer, which Luong dubs customer &ldquo B&rdquo .
Luong says, &ldquo We spent two years qualifying the parts they needed. Finally, we are starting to ship products and then we will work on a roadmap to qualify more parts. This can take as long as a year to qualify, especially if the part is critical.&rdquo
Luong&rsquo s third bet is increasing capacity &mdash this cost him $120 million. Done two years ago, the sum went towards building new factories, buying new machinery and upgrading existing facilities. He says, &ldquo It&rsquo s not a small amount of money, but if I don&rsquo t invest, how could I get a job from the customer? If you look back, it&rsquo s because I invested in a customer who saw the potential in UMS and had the confidence to move jobs from America [to Singapore].&rdquo
In Malaysia, UMS bought a 235,000 sq ft plot next to its Penang facility for RM15.2 million ($4.63 million) to ramp up capacity.
A separate factory in the country was also purchased for $8 million, should even more capacity be required. &ldquo It has no jobs, no operators. We&rsquo re building up the automation line there, so it&rsquo s not in operation yet,&rdquo says Luong.
He adds, &ldquo It&rsquo s just a sales pitch. You want to tell potential customers that you have ready capacity, so when business finally arrives, we will be the first to receive without worries about the delay of a customer&rsquo s expectation.&rdquo
Glass half-empty
In many ways, Luong&rsquo s passion for business has not faded. Asked if the glass is half-empty or half-full, he says: &ldquo The empty half is better. Why? You can always top it up, look for more nourishment. If you say it&rsquo s half-full, then you&rsquo re saying it&rsquo s gao dim (Cantonese for &lsquo task completed&rsquo ) already, you don&rsquo t want to work anymore.&rdquo
Luong&rsquo s optimism has been reflected in UMS&rsquo s success over the years. The group&rsquo s share price, since opening at 15.6 cents in May 2001, recently peaked at an all-time high of $1.57 on Aug 8. As at Aug 22, it was trading at $1.35 or 28.57% up for the year. UMS, which debuted on the Bursa on Aug 1, closed at RM2.00 (61 cents) on Aug 22.
UMS is among the handful of mid-caps that have caught the attention of the investment community for its growth prospects, with further positive sentiment following the recent measures by the government to boost the local market. &ldquo I think with the MAS coming in, it&rsquo s giving confidence to the market that business is good, the growth is there and the government is committed to it,&rdquo says Luong.
The view is shared by DBS Group Research&rsquo s Ling Lee Keng, who raised her target price on the stock to $1.84 from $1.34 previously, with a &ldquo buy&rdquo call on UMS benefitting from the EQDP, among other reasons.
&ldquo With its main facilities located in Malaysia, UMS stands to benefit from the ongoing shift in global supply chains amid China-US trade tensions. The group is well-positioned to capture new growth opportunities as more companies diversify operations out of China and the US,&rdquo she says in her July 24 report.
&ldquo UMS expects to benefit from the AI-driven global chip sector rebound and rising shift of global semiconductor supply chain,&rdquo states UOB Kay Hian&rsquo s John Cheong in his Aug 14 note, where he kept his &ldquo buy&rdquo call and $1.73 target price, which was raised to this level from $1.36 on July 16.
William Tng of CGS International is similarly upbeat. In his Aug 21 note, he resumed coverage on this stock with an &ldquo add&rdquo call, from &ldquo hold&rdquo , and raised his target price to $1.87 from $1.06. &ldquo The successful secondary listing on Bursa should widen its potential pool of investors and help support improved valuations, in our view,&rdquo says Tng.
Succession plans
At 65, Luong is now looking for a successor who is &ldquo much younger&rdquo , preferably in their 40s. The candidate must also be found within the next three years.
&ldquo We have been looking for someone either within our shareholders or for someone from the outside &mdash we haven&rsquo t decided yet. The best case would be a family member this way, the wealth would pass on to them,&rdquo says Luong.
He adds: &ldquo For someone from the outside ... The only risk is that they have nothing to lose. If they screw it up, it&rsquo s not their problem. But if it&rsquo s a shareholder of the company, that will be more secure in a way. You know, in our industry, it really doesn&rsquo t matter.&rdquo
Until the time comes, the CEO looks set on helming UMS the only way he knows how: through hard work and luck.
&ldquo The harder you work, the luckier you are. Luck will be about 30% of your success, but for crying out loud, you must work for the rest of it,&rdquo sums up Luong.
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wehuattogether88
Supreme |
27-Aug-2025 11:53
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A potential EQDP candidates:
Specialising in precision engineering for the semiconductor and aerospace sectors, UMS is poised to benefit from increasing semiconductor and aerospace demand. Despite geopolitical headwinds, 1H2025 revenue rose 14% year-on-year, net profit increased 6%, and gross margin expanded by 1.8 percentage points on a favourable product mix. With new facilities in Penang, UMS is set to benefit from the rebound in global chip demand and the strategic shift of semiconductor supply chains toward Southeast Asia, especially Malaysia and Singapore ? where its two key customers have committed major expansion plans. UMS?s current PE of 24x?nearly double its 10-year average appears justified due to its improved earnings visibility, stronger margins, and structural uplift from the semiconductor upcycle. The market is effectively re-rating UMS to capture its enhanced growth trajectory and more resilient risk profile. |
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Joelton
Supreme |
26-Aug-2025 12:16
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CGSI resumes coverage on UMS with &lsquo add&rsquo call sees new customer to drive growth
CGS International analyst William Tng has resumed his coverage on UMS Integration with an &ldquo add&rdquo call and target price of $1.87.
The brokerage last covered the Mainboard-listed company in May 2024. It had a &ldquo hold&rdquo call on UMS with a target price of $1.06 then.
This time, Tng is more optimistic about UMS, given that it still managed to report a higher set of numbers for the 1HFY2025 ended June 30, despite geopolitical tensions and market uncertainties from the US trade tariffs.
During the period, UMS&rsquo s revenue rose by 14% y-o-y to $125 million due to better semiconductor and aerospace sales. Accordingly, the company&rsquo s net profit increased by 5% y-o-y to $20.1 million. On a q-o-q basis, UMS&rsquo s net profit was up by 4.4% to $10.3 million as revenue grew by 16.8%. The company declared a quarterly dividend per share (DPS) of 1 cent and was in a net cash position of $49.2 million as of the end of June.
&ldquo In its 1HFY2025 results press release, management highlighted that the strengthening of its production capabilities and facilities has sharpened its competitive edge in securing several new product introductions from its new key customer in Malaysia,&rdquo says Tng in his Aug 21 report.
&ldquo In management&rsquo s view, the group, with its new Penang facilities, should be a key beneficiary of the global chip sector rebound as well as the rising shift of global semiconductor supply chains to the region, especially Malaysia and Singapore &mdash where its two key customers have committed to major expansion plans,&rdquo he adds.
To this end, the analyst notes that UMS has a history of rewarding shareholders with bonus issues. At the results briefing, UMS&rsquo s management also seemed open to &ldquo assessing the merits of another bonus issue to further improve the trading liquidity of its shares&rdquo .
Tng&rsquo s new target price is based on an FY2027 P/E of 20.8 times, which is two standard deviations (s.d.) above UMS&rsquo s five-year average P/E from FY2021 to FY2025. &ldquo We believe that [UMS&rsquo s] FY2025 - FY2027 net profit growth of 11.1%-19.4% justifies this premium,&rdquo says Tng.
The company&rsquo s expected dividend yields of 3.7% over the FY2025 to FY2027 should also lend support to its share price.
In addition, UMS&rsquo s secondary listing on the Bursa Malaysia should widen its potential pool of investors and help support improved valuations, Tng adds.
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maxsim
Member |
20-Aug-2025 23:56
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i bought 20k at 1.44, i can store at my basement liao.haha.... pray hard | ||||
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Battle123
Elite |
20-Aug-2025 21:51
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I bought 140 can put in storerm already sianz |
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bishan22
Supreme |
20-Aug-2025 18:52
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Wait patiently
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Alignment
Elite |
20-Aug-2025 16:54
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Can or not?
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spore1
Supreme |
18-Aug-2025 16:10
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She may go down to test 1.30
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superstartup
Supreme |
15-Aug-2025 11:28
Yells: "Enjoy doing Fundamental Research" |
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Applied Materials Stock Drops 15% on Weak Outlook, Trade Concerns |
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chengwh1
Elite |
14-Aug-2025 17:13
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Read that another Bonus Issue is being explored. UMS Holdings has been pretty good at this a few yrs back,.... | ||||
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chengwh1
Elite |
13-Aug-2025 13:18
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Need to be careful here,........ cashflow has plunged into the negative, did I read this correctly ? Was having my afternoon nap yesterday when this was announced. If cashflow is bad, divvy payout will be affected in future. | ||||
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