New Risk • Jun 24
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Malaysian stocks, typically moving 8.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • May 18
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to RM8.40, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 33x in the Semiconductor industry in Malaysia. Upcoming Dividend • Apr 30
Upcoming dividend of S$0.02 per share Eligible shareholders must have bought the stock before 07 May 2026. Payment date: 22 May 2026. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 2.3%. Lower than top quartile of Malaysian dividend payers (5.5%). Higher than average of industry peers (1.2%). New Risk • Apr 22
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 107% Dividend per share is over 42x cash flows per share. Dividend yield: 2.5% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Apr 20
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to RM6.15, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 29x in the Semiconductor industry in Malaysia. Reported Earnings • Apr 17
Full year 2025 earnings released: EPS: S$0.059 (vs S$0.057 in FY 2024) Full year 2025 results: EPS: S$0.059 (up from S$0.057 in FY 2024). Revenue: S$251.1m (up 3.7% from FY 2024). Net income: S$41.6m (up 2.4% from FY 2024). Profit margin: 17% (in line with FY 2024). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Semiconductor industry in Malaysia. 공시 • Apr 14
UMS Integration Limited, Annual General Meeting, Apr 30, 2026 UMS Integration Limited, Annual General Meeting, Apr 30, 2026, at 10:00 Singapore Standard Time. Location: 16 seletar aerospace crescent, 797567, Singapore 공시 • Mar 03
UMS Integration Limited (SGX:558) acquired remaining 30% stake in Starke Singapore Pte Ltd. from Luah Kian Tiong and Yue Chee San for SGD 8.2 million. UMS Integration Limited (SGX:558) acquired remaining 30% stake in Starke Singapore Pte Ltd. from Luah Kian Tiong and Yue Chee San for SGD 8.2 million on March 2, 2026. A cash consideration of SGD 8.22 million will be paid by UMS Integration Limited. The Acquisition will be funded by the Group’s internal resources and/or external bank borrowings. In connection with the Acquisition, the Parties have agreed that Luah Kian Tiong shall cease to be the managing director of Starke with effect from February 28, 2026. Following completion of the Acquisition, Starke would become a wholly owned subsidiary of UMS Integration Limited.
Xie Xingbei Pearlyn and Gwendolyn Gn of Shook Lin & Bok LLP acted as legal advisor for UMS Integration Limited.
UMS Integration Limited (SGX:558) completed the acquisition of remaining 30% stake in Starke Singapore Pte Ltd. from Luah Kian Tiong and Yue Chee San on March 2, 2026. Reported Earnings • Mar 03
Full year 2025 earnings released: EPS: S$0.059 (vs S$0.046 in FY 2024) Full year 2025 results: EPS: S$0.059 (up from S$0.046 in FY 2024). Revenue: S$251.1m (up 3.7% from FY 2024). Net income: S$41.6m (up 2.4% from FY 2024). Profit margin: 17% (in line with FY 2024). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Semiconductor industry in Malaysia. Valuation Update With 7 Day Price Move • Jan 08
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to RM3.56, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 24x in the Semiconductor industry in Malaysia. Upcoming Dividend • Nov 24
Upcoming dividend of S$0.01 per share Eligible shareholders must have bought the stock before 01 December 2025. Payment date: 17 December 2025. Payout ratio is on the higher end at 85% but the company is not cash flow positive. Trailing yield: 3.8%. Lower than top quartile of Malaysian dividend payers (5.5%). Higher than average of industry peers (1.5%). Reported Earnings • Nov 09
Third quarter 2025 earnings released: EPS: S$0.015 (vs S$0.015 in 3Q 2024) Third quarter 2025 results: EPS: S$0.015 (in line with 3Q 2024). Revenue: S$59.3m (down 8.8% from 3Q 2024). Net income: S$10.5m (flat on 3Q 2024). Profit margin: 18% (up from 16% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Semiconductor industry in Malaysia. New Risk • Oct 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Malaysian stocks, typically moving 8.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (221% cash payout ratio). Share price has been volatile over the past 3 months (8.4% average weekly change). Significant insider selling over the past 3 months (RM143m sold). Valuation Update With 7 Day Price Move • Oct 27
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to RM5.80, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 32x in the Semiconductor industry in Malaysia. Reported Earnings • Aug 13
Second quarter 2025 earnings released: EPS: S$0.014 (vs S$0.013 in 2Q 2024) Second quarter 2025 results: EPS: S$0.014 (up from S$0.013 in 2Q 2024). Revenue: S$67.3m (up 20% from 2Q 2024). Net income: S$10.3m (up 10% from 2Q 2024). Profit margin: 15% (down from 17% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Semiconductor industry in Malaysia.