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$UMS (558.SG)$
https://www.zaobao.com.sg/finance/singapore/story20220527-1276762
UMS Holdings (UMS Holdings)
Suggestion: Buy
Target price: 1.45 yuan
Closing price: 1.14 yuan (no rise or fall)
This year, the Group's revenue for the first quarter was 84.7 million yuan, up 70.8% year on year; net profit was 19.4 million yuan, up 26% year on year. The increase in performance was mainly due to strong market demand for semiconductors, as well as revenue from JEP, a subsidiary that was merged and acquired last year. Among them, semiconductor revenue increased 57% year over year to 73.3 million yuan, and aerospace and other businesses were 11.4 million yuan.
The Group has net cash of 47 million yuan. Of this, operating cash flow was 24.7 million yuan and free cash flow was S$18.7 million. The company will pay a dividend of 1 cent per share.
Furthermore, the new plant in Malaysia will be completed in the third quarter of this year, and full operation is expected in the fourth quarter. (Dahua Jixian Research)
https://www.zaobao.com.sg/finance/singapore/story20220527-1276762
UMS Holdings (UMS Holdings)
Suggestion: Buy
Target price: 1.45 yuan
Closing price: 1.14 yuan (no rise or fall)
This year, the Group's revenue for the first quarter was 84.7 million yuan, up 70.8% year on year; net profit was 19.4 million yuan, up 26% year on year. The increase in performance was mainly due to strong market demand for semiconductors, as well as revenue from JEP, a subsidiary that was merged and acquired last year. Among them, semiconductor revenue increased 57% year over year to 73.3 million yuan, and aerospace and other businesses were 11.4 million yuan.
The Group has net cash of 47 million yuan. Of this, operating cash flow was 24.7 million yuan and free cash flow was S$18.7 million. The company will pay a dividend of 1 cent per share.
Furthermore, the new plant in Malaysia will be completed in the third quarter of this year, and full operation is expected in the fourth quarter. (Dahua Jixian Research)
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