Singapore Stock Market News

UMS - Mind-Blowing Results

StockFanatic
Publish date: Mon, 03 Mar 2014, 10:20 AM
StockFanatic
0 10,452
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.
UMS's 4Q13 results topped our raised expectations, with SGD11.0m profits (+805.8% y-o-y) on the back of SGD34.5m revenue (+59.3% y-oy). Going forward, FY14 looks to be a bright year for the semiconductor industry. Trading at a 7.2x FY14 P/E, UMS offers an extremely attractive forward yield of 10.7%.

Maintain BUY, with our DCF-based TP raised to SGD0.88 (WACC: 12.4%, terminal growth: 0%).
Read more »
Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment