0244 GMT - UMS Integration's expanding its manufacturing footprint in Vietnam could strengthen its supply-chain resilience, says DBS Group Research's Lee Keng Ling in a note. The Singapore precision-engineering company is planning to acquire three Vietnamese semiconductor-related businesses, which would diversify its production bases and complement its core precision machinery and semiconductor-equipment business, the analyst says. Vietnam is also a potentially lower-cost manufacturing location, compared with Singapore and Malaysia, which could improve UMS's cost competitiveness and margins, the analyst adds. DBS maintains its buy rating on the stock and its target price of 3.17 Singapore dollars. Shares are down 2.8% at S$2.46. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
June 07, 2026 22:44 ET (02:44 GMT)
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