DBS Group Research said UMS Integration’s 2026 outlook appears stronger, supported by robust customer orders and sustained AI-driven demand for semiconductor and advanced packaging equipment. Analyst Lee Keng Ling said UMS’s key semiconductor customer is expected to grow equipment business by more than 20%, while another customer may shift US supply sourcing to Asia. DBS also expects resilient aviation demand and a record industry backlog to support the aerospace segment. The brokerage forecasts

DBS Group Research said UMS Integration’s 2026 outlook appears stronger, supported by robust customer orders and sustained AI-driven demand for semiconductor and advanced packaging equipment. Analyst Lee Keng Ling said UMS’s key semiconductor customer is expected to grow equipment business by more than 20%, while another customer may shift US supply sourcing to Asia. DBS also expects resilient aviation demand and a record industry backlog to support the aerospace segment. The brokerage forecasts UMS earnings growth of 42% in 2026 and 25% in 2027, while maintaining a buy rating and S$2.92 target price.