UMS - Large Stake Sales Prompt Downgrade | I3investor

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UMS - Large Stake Sales Prompt Downgrade

StockFanatic

Publish date: Tue, 10 Jun 2014, 11:21 PM

Amidst possibly falling margins and earnings, two of UMS' most important stakeholders - its single main customer Applied Materials and CEO Mr Andy Luong - are selling their shares in the company.

Downgrade to SELL, with a lower TP of SGD0.47 (from SGD0.70) based on a 7.2x FY14 P/E, which is its 3-year historical average.

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