Singapore Stock Market News

Author: StockFanatic   |   Latest post: Wed, 15 Aug 2018, 11:33 AM


UMS Holdings Ltd - Never hurts to be cautious

Author:   |    Publish date:   |  >> Read article in Blog website

■ We deem 1Q18 sales, at 21% of our full-year forecast, to be below expectations. In FY17, 1Q accounted for 26% of its full-year revenue.

■ However, 1Q18 core net profit at 20% of our full-year expectation was roughly in line with the historical pattern of FY17 (1Q17: 22% of full-year core net profit).

■ Declared 1 Scts DPS. In a net cash position of S$23.8m at end-1Q18.

■ We are concerned over the 10% yoy revenue decline in 1Q which could suggest the start of a slowdown in customer demand for FY18F.

Cut TP to S$1.21, based on a lower 2.81x P/BV multiple (previously 2.95x).
Share this
Labels: UMS

Related Stocks

Chart Stock Name Last Change Volume 
UMS 0.78 -0.01 (1.27%) 6,949,700 

Market Buzz

Date Type Subject
14-Aug-2018 Announcement Financial Statements and Related Announcement::Second Quarter and/ or Half Yearly Results
14-Aug-2018 Announcement Cash Dividend/ Distribution::Mandatory
13-Aug-2018 Announcement Asset Acquisitions and Disposals

  Be the first to like this.


158  160  221  527 

Top 10 Active Counters
 HSI28400MBeCW.. 0.067+0.001 
 ThaiBev 0.645-0.02 
 Genting Sing 1.07+0.01 
 Ezion 0.076-0.001 
 HSI28288VTeCW.. 0.0640.00 
 YZJ Shipbldg SGD 1.06-0.02 
 SingTel 3.110.00 
 AEM 0.865+0.065 
 Golden Agri-Res 0.275+0.005 
 Allied Tech 0.0250.00 
Partners & Brokers