Latest news with #AndyLuong
The Star
01-07-2025
- Business
- The Star
UMS to expand reach via Bursa secondary listing
An SGX sign at the Singapore Stock Exchange. — Reuters KUALA LUMPUR: Slated to be listed on the Main Market of Bursa Malaysia on Aug 1, high-precision engineering and manufacturing company UMS Integration Ltd – currently listed on the Mainboard of the Singapore Exchange (SGX) – says it will continue to expand its role within the semiconductor and aerospace value chains. Chief executive officer Andy Luong said the Singapore-headquartered company's impending secondary listing will enhance the group's visibility across the South-East Asian region and boost its position as an integrated service provider for global chip companies. 'Within the semiconductor space, we see opportunities in manufacturing high-precision components used in advanced packaging solutions, which play a vital role in enabling next-generation artificial intelligence and high-performance computing applications,' he said at a press briefing here yesterday. Given current global trade tensions, Luong added that Malaysia and Singapore are well-positioned to benefit from various outsourcing opportunities. 'We have the resources to serve the people as well, ' he said. Executive director, group financial controller and senior vice-president of operations Stanley Loh Meng Chong said Malaysia is a suitable place for the company's secondary listing due to several factors, including its plant located in Penang. He said UMS had pursued a dual listing in South Korea in 2010, but the plan fell through after the stock exchange regulators clamped down on overseas secondary listings following a fraud case involving a Chinese company. Loh added that Malaysia 'is a better place to raise funds and grow the business.' He believes that UMS is better run compared to its Malaysian peers, with stronger profit margins and dividend yields. 'In Singapore, typically our valuations are lower. We hope that by coming to Malaysia, it will help us to be valued more fairly versus our peers,' Loh said. UMS yesterday issued its prospectus for the secondary listing, which will be undertaken by way of introduction and will not involve any issuance or offering of shares. UMS shares will be fully fungible, meaning shareholders can transfer their shares between the SGX Mainboard and Bursa Malaysia's Main Market for trading. TA Securities Holdings Bhd is the principal adviser, while CGS International Securities Malaysia is the financial adviser for the exercise. At last look, UMS's market capitalisation was approximately S$945mil (equivalent to about RM3.13bil). It recorded revenue of S$242.1mil for the financial year ended Dec 31, 2024, while profit after tax stood at S$40.6mil, translating into a margin of 16.8%.
Business Times
01-07-2025
- Business
- Business Times
Stocks to watch: CDL, UMS Integration, Capital World
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Jul 1): City Developments Ltd (CDL) : Its Singapore-based subsidiary, Millennium Hotels and Resorts, launched a cross-brand loyalty programme with Germany's Maritim Hotels. The tie-up allows members of either hotel chain's loyalty programmes to get discounts on bookings at participating properties. Kwek Leng Beng, chairman of Millennium Hotels and Resorts, said that the collaboration expands the hotel chain's access to Germany and the larger European Union, which is an important travel and business region. Shares of CDL finished Monday 1 per cent or S$0.05 higher at S$5.19. UMS Integration : The semiconductor manufacturer on Monday announced that it issued its prospectus for its secondary listing on the main market of Bursa Malaysia. Chief executive officer of UMS Andy Luong noted that the secondary listing aims to broaden its investor base and could potentially improve liquidity as well as provide flexibility to access different equity markets for future fundraising. Shares of UMS closed on Monday 2.2 per cent or S$0.03 lower at S$1.33. Capital World : In an update on legal claims against its unit, the group said that the Sessions Court has dismissed legal claims against its subsidiary Capital City Property on May 29, 2025, and has awarded costs of RM9,000 (S$2,728) in its favour. On Jun 4, 2025, the plaintiffs filed a notice of appeal to the Malaysian High Court in Johor Bahru, seeking to appeal the verdict. The counter ended Monday flat at S$0.002. Trading halt: Environmental engineering company Sanli Environment called for a trading halt on Tuesday morning, pending the release of an announcement. The counter ended Monday 2.4 per cent or S$0.003 higher at S$0.128.
Business Times
09-05-2025
- Business
- Business Times
UMS Integration Q1 earnings nearly flat at S$9.8 million
[SINGAPORE] Semiconductor player UMS Integration on Friday (May 9) reported profit of S$9.8 million for the first quarter ended Mar 31, 2025, almost unchanged from the group's profit in the corresponding year-ago period. This translates to earnings per share of S$0.0138, down from S$0.0141 a year earlier. The group declared an interim dividend of S$0.01 per share for the period under review, lower than the S$0.012 in Q1 FY2024. Revenue for the period climbed 7 per cent year on year to S$57.7 million, from S$54 million. The higher revenue was driven by better performances from both the group's semiconductor and aerospace businesses, which grew 6 per cent and 22 per cent, respectively. However, this was offset by a 12 per cent decline in its others segment, as its tooling and material distribution business was affected by the prevailing soft market conditions. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up UMS chair and chief executive Andy Luong said the group's sales in Malaysia 'almost tripled on the back of strong orders from its new key customer'. The Malaysian market delivered a 287 per cent sales surge to S$9.4 million in Q1 FY2025, from S$2.4 million in FY2024, as the group continued to ramp up production of semiconductor components for a new major customer. 'We are especially encouraged by the strong order flow from our new key customer as it seeks to divert its US supply source to Asia,' said Luong. Shares of UMS ended unchanged at S$1.05 on Friday.
