UMS Integration to See Long-Term Benefits From Chip Industry Growth -- Market Talk

Dow Jones05-20 13:49

0549 GMT - UMS Integration stands to see long-term benefits from the growth in the semiconductor industry led by artificial intelligence, RHB Research's Alfie Yeo says in a report. RHB Research sees the chip segment as a beneficiary of AI infrastructure spending, especially for accelerators and servers. RHB Research lifts its forecasts for 2027 and 2028 revenue for the manufacturer of front-end semiconductor components by 4% each year, citing improving operating efficiency as capacity utilization ramps up. Given factors such as the company's strong earnings outlook, RHB Research raises the stock's target price to S$3.37 from S$1.86, while maintaining a buy rating. Shares are 0.8% lower at S$2.62. (ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

May 20, 2026 01:49 ET (05:49 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment