Singapore Stock Market News
UMS Holdings Ltd - Pop the champagne
StockFanatic
Publish date: Thu, 14 Nov 2013, 12:56 PM
StockFanatic
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Welcome to Stockfanatic Singapore stock market and regional market news. This is a platform to share Singapore stock market and regional news to investors / man in the street. Investors can also look forward to analyst reports and brokers recommendations. Stockfanatic's Singapore stock market and regional news blog, home of investors one stop news station.
9MFY13 earnings exceeded
consensus estimates as the 3QFY13
slowdown was milder than expected.
We raise earnings by 7-20% as
strong demand returns. Rolling over
to CY14, our target price rises to
S$0.65 (1.12x P/BV, the high end of
its last earnings upturn cycle). We
expect 2 Scts DPS for 4QFY13 - the
full-year dividend yield is 9.1%.
Maintain Outperform.
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