$UMS(558.SG)UMS delivered a strong set of results, with Q3 net profit more than doubling 102% YoY to S$21.1m and revenue…
$UMS(558.SG)
UMS delivered a strong set of results, with Q3 net profit more than doubling 102% YoY to S$21.1m and revenue jumping 61% to a three-year high of S$95.4m. The semiconductor segment remains the key growth driver, benefiting from robust AI-related demand, while the ramp-up of its new Malaysian customer is another encouraging development. Management also struck an upbeat tone on the outlook, with major customers signalling strong multi-year demand. This gives me more confidence that the underlying semiconductor story remains intact despite recent market jitters. Having held through the volatility, I’m inclined to stay the course and may look to add on any weakness.
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