UMS Holdings: Strong Growth Prospects and Market Position Bolstered by New Orders and Dual Listing

UMS Holdings (UMSSF – Research Report), the Industrials sector company, was revisited by a Wall Street analyst yesterday. Analyst John Cheong from UOB Kay Hian maintained a Buy rating on the stock and has a S$1.32 price target.

John Cheong’s rating is based on UMS Holdings’ strong order flow from a new key customer and stable orders from existing clients, which supports the company’s revenue guidance of a 10% quarter-on-quarter growth for the second quarter of 2025. The company’s ability to perform most manufacturing processes in-house, such as plating and welding, helps maintain healthy margins and ensures timely delivery, further strengthening its market position.
Additionally, the upcoming dual listing in Bursa Malaysia is expected to narrow the valuation gap with its Malaysian peers, as UMS is currently trading at a discount compared to them. The company’s attractive dividend yield and frequent quarterly payments make it appealing to investors. UMS is also actively increasing market engagement to boost its visibility among the Malaysian investment community, which includes hosting events and enhancing media coverage.

Cheong covers the Technology sector, focusing on stocks such as Venture, Aztech Global Ltd., and AEM Holdings Ltd.. According to TipRanks, Cheong has an average return of 14.4% and a 67.05% success rate on recommended stocks.