Latest news with #UMSIntegration
Straits Times
3 days ago
- Business
- Straits Times
Grand Venture pauses plans for Bursa Malaysia listing amid takeover talks
SGX-listed Grand Venture Technology has entered into confidential discussions with a third party over a potential deal that could involve an offer for its shares. PHOTO: THE BUSINESS TIMES SINGAPORE – Grand Venture Technology (GVT) has entered into confidential discussions with a third party over a potential deal that could involve an offer for the company's shares. The discussions are ongoing and may not necessarily lead to a transaction, the precision engineering firm said in a Singapore Exchange filing on June 1. In the light of these developments, the company is putting its proposed secondary listing on Bursa Malaysia Securities on hold while it evaluates options with its advisers. GVT provides precision manufacturing solutions for the semiconductor, analytical life sciences, electronics, aerospace and medical industries, with operations in Singapore, Malaysia and China. The company first announced plans for a secondary listing on Bursa Malaysia, where it is aiming for higher stock price valuations, in September 2024. It received approval from the Securities Commission Malaysia for the proposed listing in March. The listing still requires clearance and approval from Bursa Malaysia for the admission of its shares to the main market of the Malaysia bourse. GVT is the second Singapore-listed precision engineering business to seek a secondary listing in Malaysia. In March, UMS Integration received approval to list on Bursa Malaysia. UMS said in a March 26 filing that a secondary listing in Malaysia would broaden its reach and widen its investor base, potentially improving the group's share liquidity. It would also give it access to another equity market for future fund-raising in support of the group's growth in the coming years. GVT closed on May 30 at 84 cents, up almost 2.5 per cent, while UMS Integration closed flat at $1.17. Join ST's Telegram channel and get the latest breaking news delivered to you.
Yahoo
11-05-2025
- Business
- Yahoo
UMS Integration First Quarter 2025 Earnings: EPS: S$0.014 (vs S$0.014 in 1Q 2024)
Revenue: S$57.7m (up 6.8% from 1Q 2024). Net income: S$9.83m (flat on 1Q 2024). Profit margin: 17% (down from 18% in 1Q 2024). The decrease in margin was driven by higher expenses. EPS: S$0.014 (in line with 1Q 2024). Our free stock report includes 1 warning sign investors should be aware of before investing in UMS Integration. Read for free now. All figures shown in the chart above are for the trailing 12 month (TTM) period Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Semiconductor industry in Asia. Performance of the market in Singapore. The company's share price is broadly unchanged from a week ago. You still need to take note of risks, for example - UMS Integration has 1 warning sign we think you should be aware of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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.
Yahoo
09-04-2025
- Business
- Yahoo
Singapore directors, CEOs, companies continue share buybacks amid global stock market shake up
This follows the global market rout which saw a US$10 trillion market wipeout over fears of Trump's tariffs. Directors and CEOs of Singapore-listed companies have taken turns to buy back shares in their company via market transactions, following the global stock market plunge on Apr 7. The 8.5% drop in the Straits Times Index (STI) on April 7 triggered share buybacks among SGX-listed companies on the same day. DBS Group paid between $36.31 to $40.32 each to buy back 1 million shares, spending $39.1 million. Yangzijiang Shipbuilding paid between $1.85 to $1.9 for 2 million shares, or $3.75 million in total. Likewise, the head honchos of a few SGX-listed companies are too in the fray. The founder and CEO of UMS Integration, Andy Luong, purchased 199,800 shares for a total amount of $184,815 through market transaction on Apr 7. This brings his stake to 15.36% of the total percentage of ordinary shares, up from the 15.34% previously. Centurion Corporation's non-executive director Han Seng Juan, bought 250,000 ordinary shares for $1.04 per share for $260,000 on Apr 7. Han, who owns a 50% shareholding interest in the company, now has 55.714% of the total percentage of ordinary shares. Similarly, former foreign minister George Yeo purchased 130,000 shares in Wilmar International F34 on Apr 8 for a total cost of $394,700, bringing his total stake in the company to 0.015%. Yeo is an independent director of Wilmar. On Apr 8, the share buybacks continued among few listed companies in Singapore. DBS Group Holdings bought over 3 million shares for a price of $19.108 million at a price between $37.86 and $38.53. DBS closed 3.259% down at $38 on Apr 8. United Overseas Bank (UOB) paid between $32.01 and $33.67 to buy back 4 million shares for a total cost of $3.24 million. UOB closed 3.310% down at $32.13 on Apr 8. Yangzijiang Shipbuilding bought 6 million shares for a price of $5.713 million, at a price between $1.90 and $1.91. Yangzijiang closed 1.042% down at $1.90 on Apr 8. CapitaLand Investment bought back 100 million shares for a total amount of $29,816 at a price of $2.48 per share. CapitaLand Investment closed 2.058% up at $2.48 on Apr 8. Venture Corporation bought back 2.5 million shares for a total of $161,660 and $10.76 per share. Venture Corporation V03 closed 0.276% higher at $10.91 on Apr 8. Outside of the STI, companies that bought back shares on April 8 include offshore and marine player Seatrium, which paid an average of $1.7248 for 1.15 million shares; coffeeshop operator Kimly 1d0, which paid 30.493 cents each for 304,000 shares and developer Oxley Holdings 5ux, which paid 6.4 cents each for 295,000 shares. See Also: Click here to stay updated with the Latest Business & Investment News in Singapore Founder and CEO of semiconductor firm UMS Integration increases stake in company by purchasing 199,800 shares Centurion's non-executive director Han increases stake by purchasing 250,000 shares in company Europe's pivot: Charting a path beyond US dependence Read more stories about where the money flows, and analysis of the biggest market stories from Singapore and around the World Get in-depth insights from our expert contributors, and dive into financial and economic trends Follow the market issue situation with our daily updates Or want more Lifestyle and Passion stories? Click here
