Category: UMS

Buy @ $0.475

Decided to add more after reading a VB post that their main customer, Applied Materials has just reported a very strong Q2 (May), with a positive outlook for the next Q. There's a very strong co-relation to UMS results as Applied Materials accounts for the bulk of their biz and it's only another month to UMS Q2 (Jun) end. 😀

Extracts from Applied Materials  News Release,

• Second consecutive quarter with more than $2 billion in new orders
• Net sales of $1.97 billion up 25 percent sequentially
• Non-GAAP adjusted EPS of 16 cents exceeded high end of outlook; GAAP loss of 11 cents per share reflected impairment charges in Energy and Environmental Solutions

Buy @ $0.475

Back as shareholder. Latest Q1 results shows strong indication that the previous Q may have been the bottom of their semicon cycle. Industry BB (Book-Bill) ratio had been >1 for a few months now. Take the risk to buy some, bearing in mind my other previous fears that the CEO cum largest shareholder can dump a substantial amount of his holdings and sell down the price any time..

May add a bit more if I have the cash to spare. 😀

Sell @ $0.41.

Contra off all, no more left. I was happy to Q to sell @ $0.4 but saw the huge and rapid buy up close to 5pm and decided to wait. True enough, during matching, closed higher. Looks like traders pushing it up again, likely will go higher tomorrow! 😀

Buy @ $0.385

Did a Jump-Q before mkt open. Hope to do as a short term trade as it's cd for 1ct div. 😀

Buy @ $0.395, $0.39 & $0.385 (Jump-Q @ 5pm)

Add back to my portfolio again. Q2 results were out on 8-Aug after mkt closed. EPS = 2.22ct, better than Q1 = 1.75ct. May be due to their latest acquisitions of IMT-S and IMT-US but I didn't check. Div = 1ct as per their Dividend Policy (if profitable).

Decided to take the risk to collect some even tho' I don't quite like the CEO (cum shareholder) recent actions (sell down his stake + sell IMT-S & IMT-US, jointly held with his sis-in-law, to UMS). Further, Semicon Industry is highly cyclical and many fails to make good profits even on upturns. Their main customer (Applied Materials) cum minority shareholder is amongst the leader in their niche (semicon Eqpt) and have set up shop in Singapore. Fundamentally, UMS looks ok but will have to monitor closely. Viewed positively, CEO selling down his stake may open the door for a predator to takeover, I hope! 😀

Sell @ $0.40.

As sudden as I bought it, I also suddenly sold it! No more left. 😀

At 5pm, I saw the matching suddenly went up from $0.39 to $0.40, so decided to contra it off since it was due for payment. Could be due to buying in anticipation of the coming quarterly results which ought to be better due to their recent acquisitions of IMT-S and IMT-US (from CEO cum major shareholder) and I'm expecting the Div = 1 ct / Q to be maintained.

Buy @ $0.38.

A new stock! Precision Engineering biz (Metal – machining, milling, anodising, plating,..) mainly with Semicon Eqpt maker (Applied Materials) as customer cum minority shareholder. At 40ct, I was looking at it but didn't quite like it as major shareholder cum CEO was selling shares in the open market + sold 2 biz (IMT-S and IMT-US) to UMS. Further, mainly 1 customer and in 1 segment (they tried to go into Aerospace but no news of success). Also, Semicon Eqpt biz is projected to decline by ~8.9% for FY12 by Gartner (Research co.).

So, why buy?

Dividend = 1ct / Q (if profitable) and the newly acquired IMT-S and IMT-US ought to add to more Revenue and Profits. But, may trade if it goes back to 40ct… 😀