0524 GMT - UMS Integration's 2026 prospects appear brighter, buoyed by strong projected key customer orders and sustained AI-driven demand for semiconductor and advanced packaging equipment, says DBS Group Research's Lee Keng Ling in a note. The Singapore-listed company's main key customer in its semiconductor segment is projected to grow its equipment business by more than 20%, while another customer appears to be diverting its U.S. supply sourcing to Asia, the analyst notes. Meanwhile, the aerospace business is likely to be supported by resilient global aviation demand, rising aircraft orders and a record industry backlog, she adds. She projects UMS's earnings growth for 2026 at 42%, with a further 25% in 2027. DBS retains a buy rating and S$2.92 target price, noting UMS is its top sector pick. Shares surge 14% to S$2.70.(megan.cheah@wsj.com)
(END) Dow Jones Newswires
May 12, 2026 01:24 ET (05:24 GMT)
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