FINWIRES · TerminalLIVE
FINWIRES

SGX:558

5 stories mentioning SGX:558Updated 35d ago

Every FINWIRES story that references SGX:558, newest first.

What are analysts saying about SGX:558?

Recent broker actions mentioned in FINWIRES coverage. Compiled from wire headlines; not investment advice.

What's the latest news on SGX:558?

Asia

UMS Unit Forms Subsidiary in Vietnam

UMS' (SGX:558) Singapore unit UMS International has incorporated a new unit, UMS Vietnam Integration, in Vietnam.The newly established unit has an issued and paid-up capital of $2 million, according to a Tuesday Singapore Exchange filing.The new subsidiary will undertake metal machining, treatment and coating, manufacture of structural metal products and special-purpose machinery, as well as industrial equipment installation and electronic component manufacturing.The incorporation was funded through internal resources, it said.

SGX:558
Asia

UMS Integration's Attributable Profit Surges 89% in Q2; Interim Dividend Declared

UMS Integration (SGX:558) recorded an 89% rise in profit attributable to owners of the parent for the second quarter to SG$19.4 million from SG$10.3 million a year prior.Earnings per share increased to SG$0.0218 from SG$0.0116 previously, according to a Thursday Singapore bourse filing.Revenue climbed 29% to SG$87.1 million from SG$67.3 million in the year-ago period.The company declared an interim dividend of SG$0.01 per ordinary share, payable Oct. 30 to shareholders of record as of Oct. 15.

SGX:558
Asia

UMS Integration Enters MoU to Acquire Majority Stake in Vietnam-Based Precision Engineering Business

UMS Integration (SGX:558) signed a memorandum of understanding to invest in and consolidate three Vietnamese precision engineering companies to form a single company, according to an after-market filing with the Singapore Exchange on Friday.The company is looking to acquire Viet Nguyen Mechanical Precision Company, Central Metal Mechanical Company and Global Metal Plating Company for a total investment amount of around $3.6 million, against a 51.6% stake through a new company.The acquisition is part of the company's strategy to enhance its presence in Vietnam.Meanwhile, the agreement is presently non-binding and subject to due diligence and execution of definitive agreements.

SGX:558
Asia

CGS International Adjusts UMS Integration's Price Target to SG$2.23 from SG$1.88; Keeps at Add

UMS Integration (SGX:558) has an average rating of buy and mean price target of SG$1.90, according to analysts polled by FactSet.

SGX:558
Asia

UMS Integration Proposes to Renew Buyback Mandate

UMS Integration (SGX:558) proposed to renew its buyback mandate at the upcoming annual general meeting on April 30, according to a Monday filing with the Singapore Exchange.The company intends to undertake the purchase or acquisition of its shares up to a 10% limit during the period, with a view to increasing shareholders' value and improving the return on equity of the company.

SGX:558

Track with the FINWIRES app suite

FolioX
FolioX
Track SGX:558 in your portfolio
WheelAI
WheelAI
Analyze SGX:558 options with the wheel strategy
StockInsider
StockInsider
See market sentiment on SGX:558