2Q21: Beneficiary Of Higher Global Fab Capex SpendingUMS' 2Q21 results were a slight beat with earnings of S$14.6m (+26.3% yoy, -4.9% qoq), bringing 1H21 net profit to 51% of our full-year estimate. For the quarter, revenue was robust at S$66.8m (+49.6% yoy, +34.6% qoq), attributed to record equipment spending and capex commitments from global wafer […]

Read more of this post