UMS HOLDINGS

UMS rose convincingly to 87 cents.

Good run on a stock which is cum dividend and bonus issue. Stock relative strength seems strong and on uptrend channel.

This one will be more than $1 at end of year...

My initial price target of 87 cents (set last month)is almost met.

Is there further upside on UMS?. I am holding on to my holding as I believe that there is further upside to go. The bonus issue will add to liquidity of the stock which is currently cum dividend of 3.5 cents.

I do not discount the possibility of Applied Materials raising its current stake of 6% - would be a strategic move to strengthen its partnership further.

UMS reported strong results for 1Q2014 with 63% net profit increase and 63% rise in FCF. Interim dividend of 1 cent is proposed.

Management outlook remains positive for 2Q and this optimism may carry through into 2H. Relative strength on stock price continues.

Intend to keep my holding and ride along this positive wave.

UMS rose sharply by 7 cents to 91.5 cents, supported by good volume.

UMS continues its breathtaking run and it hits 93 cents yesterday. Its 1Q2014 results were strong with 63% net profit increase and 63% jump in FCF. Management expects its business momentum to continue into 2Q and possibly into 2H14.

AMAT reported impressive 2Q results this morning - net sales up 19%, EPS rose 75%, business orders up 16% and operating margins at highest level in 3 years. This reinforces the outlook on UMS.

Currently, UMS is on cum bonus and dividend. At current price, projected dividend yield is about 7.5%.

In my view, there is still upside on the stock price.