A nice reversal patterns, looking good to trend higher!
The price is staying above it's SMA lines + MACD is rising up nicely likely to provide further upwards potential!
Short term wise, I think it may re-attempt 65 cents again! Breaking out with ease + good volume that may propel to drive the price higher to 70 cents with extension to 75 cents .
FY result is near the corner. If they can maintain the Final dividend of 2 cents, I think that may boost market confidence!
Not a call to buy or sell.
Pls dyodd.
Also do take note that company management has been buying back shares on many occasions, looks like they know better than us ..
UMS Holdings Limited, an investment holding company, provides high precision front-end semiconductor components, and electromechanical assembly and final testing services. It operates through two segments, Semiconductor and Others. The Semiconductor segment offers precision machining components and equipment modules for semiconductor equipment manufacturers. The Others segment provides water disinfection systems shipment services; and supplies base components to oil and gas original equipment manufacturers. The company also offers precision machining services, including milling, lathe, horizontal, cleaning, anodizing, and CMM; metal finishing services, such as electroless and selective nickel, anodizing, plating, e-polish, chemical cleaning, and parts refurbishment; and system integration, refurbishment, prototyping, and vendor managed inventory services, as well as electroplating services. In addition, it is involved in the assembly and integration of equipment and automated assembly lines; manufacture and assembly of stainless steel gaslines and weldment products; manufacture and repair of waste water treatment equipment; and holding of investment properties. The company serves semiconductor, electronic, machine tools, aerospace, and oil and gas industries. It operates in Singapore, Malaysia, the United States, Poland, Taiwan, South Korea, and the People’s Republic of China. UMS Holdings Limited was incorporated in 2001 and is headquartered in Singapore.
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