SGX:558Semiconductor
The Bull Case For UMS Integration (SGX:558) Could Change Following Debt-Free Penang Expansion And Richer Product Mix
UMS Integration recently reported a softer revenue patch but a slightly higher net profit, maintained its interim dividend, and continued investing heavily in capacity expansion at its Penang plant, which has temporarily pushed free cash flow into decline.
An interesting angle is that the company is funding this expansion while keeping a strong cash balance, carrying no debt, and beginning shipments to a major new Malaysian customer, underscoring how a richer product mix can support...