UMS Holdings

Tokyo Electron, Applied merger deal gets conditional nod ............

Posted : 2015-02-16
By Kim Yoo-chul

The Fair Trade Commission in Korea (FTC) said Monday that it will conditionally approve the proposed merger between Tokyo Electron and Applied Materials next month.......................

http://www.koreatimes.co.kr/www/news/tec...73735.html

(vested)

Will 10nm Be The Last Big Node?

Foundries have some very tough choices ahead, and not enough information to make them.

February 19th, 2015 - By: Ed Sperling

http://semiengineering.com/will-10nm-be-...-big-node/
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How To Extend Litho Scaling

Given the industry’s track record of technology development, it’s likely that lithographic techniques will be extended with new innovations.

February 19th, 2015 - By: Ann Steffora Mutschler

http://semiengineering.com/how-to-extend-litho-scaling/
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Semiconductor works better when hitched to graphene

Feb 20, 2015

http://phys.org/news/2015-02-semiconduct...phene.html
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Semiconductor Unit Shipments To Exceed One Trillion Devices in 2017
Updated forecast expects robust 8.2% average annual unit shipment growth through 2019.

17 Feb 2015 - By IC Insights

http://www.icinsights.com/data/articles/...ts/759.pdf

(vested)

Will New Challengers Disrupt the Mobile Phone Market in 2015?

Egham, UK, February 23, 2015

http://www.gartner.com/newsroom/id/2989918
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TSMC to Start 10nm in 2017, Closing Gap with Intel

Alan Patterson
2/24/2015

http://www.eetimes.com/document.asp?doc_id=1325787
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ASML announces new high mark for EUV productivity;

February 23, 2015

http://finance.yahoo.com/news/asml-annou...02353.html
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Top Semiconductor R&D Leaders Ranked for 2014
Intel’s R&D expenditures were 2x greater than nearest competitor; Qualcomm with largest percentage increase; Nvidia with highest R&D/sales ratio.

FEBRUARY 24, 2015 By IC Insights

http://www.icinsights.com/data/articles/...ts/760.pdf

(vested)

FY Results

Revenue: $109.8M (-9%)
NBT: $27.7M (-15%)
NP: $24.9M (-14%)
Free Cashflow: $28.9 (+12%)

EPS: 5.81c
Dividend: 2c + 1c(special)

Commenting on its latest financial performance, Mr Andy Luong, Chief Executive Officer, UMS Holdings Limited remarked “The latest slowdown was expected to be temporary and business activities should pick up in 1H2015. We are pleased that our cash generation has remained strong, which enables us to continue rewarding our shareholders.”

http://infopub.sgx.com/FileOpen/UMS_SGX_...eID=336389

http://infopub.sgx.com/FileOpen/UMS_Pres...eID=336390

Results good?

(26-02-2015, 08:19 PM)NTL Wrote: FY Results

Revenue: $109.8M (-9%)
NBT: $27.7M (-15%)
NP: $24.9M (-14%)
Free Cashflow: $28.9 (+12%)

EPS: 5.81c
Dividend: 2c + 1c(special)

Commenting on its latest financial performance, Mr Andy Luong, Chief Executive Officer, UMS Holdings Limited remarked “The latest slowdown was expected to be temporary and business activities should pick up in 1H2015. We are pleased that our cash generation has remained strong, which enables us to continue rewarding our shareholders.”

http://infopub.sgx.com/FileOpen/UMS_SGX_...eID=336389

http://infopub.sgx.com/FileOpen/UMS_Pres...eID=336390

Results good?

Ok lah not too bad, good dividend . Hopeful this year will be ok for semi-con sector. Expect it to become like healthcare and F&B sector soon as humans spend more and more screen time..

-v-

Revenue (SGD million）:
FY2010 = 129.033
FY2011 = 114.427
FY2012 = 113.212
FY2013 = 120.486
1Q2014 = 34.309
2Q2014 = 28.689
3Q2014 = 24.771
4Q2014 = 22.050
FY2014 = 109.819

NPAT (SGD million):
FY2010 = 28.745
FY2011 = 27.640
FY2012 = 16.998
FY 2013 = 28.880
1Q2014 = 8.558
2Q2014 = 7.229
3Q2014 = 5.465
4Q2014 = 3.677
FY2014 = 24.929

Gross Profit Margin :
FY2010 = 56.0%
FY2011 = 55.8%
FY2012 = 49.3%
FY2013 = 53.9%
1Q2014 = 53%
2Q2014 = 57%
3Q2014 = 54%
4Q2014 = 54%
FY2014 = 54.2%

Net Profit Margin :
FY2010 = 22.3%
FY2011 = 24.2%
FY2012 = 15.0%
FY2013 = 24.0%
1Q2014 = 24.9%
2Q2014 = 25.2%
3Q2014 = 22.1%
4Q2014 = 16.7%
FY2014 = 22.7%

FCF Generated (SGD million):
FY2010 = 23.7
FY2011 = 31.7
FY2012 = 29.3
FY2013 = 25.8
1Q2014 = 10.3
2Q2014 = 3.9
3Q2014 = 5.7
4Q2014 = 9.0
FY2014 = 28.9

Cash & Cash Equivalent (SGD million)
FY2010 = 20.5 (Debt = 7.139)
FY2011 = 37.9 (Debt = 2.665)
FY2012 = 32.5 (Debt = 17.238)
FY2013 = 29.2 (Debt = 0.0)
FY2014 = 33.8 (Debt = 0.0)

Capex : Purchase of PPE (SGD million)
FY2010 = 7.6
FY2011 = 7.5
FY2012 = 1.7
FY2013 = 2.0
FY2014 = 6.7

DPS (SGD cent)
FY2010 = 5.0
FY2011 = 6.0
FY2012 = 5.0
FY2013 = 6.5
FY2014 = 6.0 (Equivalent to 7.5 cents pre-bonus issue)

Comments:
1) I would consider 4Q results as bad and FY2014 results as mediocre from the perspective of revenue and NPAT
2) However, cash generation ability is simply amazing – in FY2014, FCF generated was 28.9 million despite having spent 6.7 million capex on purchase of PPE.
3) Cash & cash equivalent of 33.8 million as at 31=Dec-2014 with no debt.
4) DPS of 6.0 cents (equivalent to 7.5 cents pre-bonus) is at record high - better than my expectation.
5) Moving forward, Management comment : The latest slowdown was expected to be temporary and business activities should pick up in 1H2015. We are pleased that our cash generation has remained strong, which enables us to continue rewarding our shareholders.”

(vested)

The dividend is slightly lower than last FY, but more in absolute amount, due to bonus share awarded last year

FY2014: 1 cents + 1 cents + 1 cent + 3 cents = 6 cents
FY2013: 1 cents + 1 cents + 1 cent + 3.5 cents = 6.5 cents.

I have no complain. Let's see its performance next year.

(vested)

(26-02-2015, 09:06 PM)CityFarmer Wrote: The dividend is slightly lower than last FY, but more in absolute amount, due to bonus share awarded last year

FY2014: 1 cents + 1 cents + 1 cent + 3 cents = 6 cents
FY2013: 1 cents + 1 cents + 1 cent + 3.5 cents = 6.5 cents.

I have no complain. Let's see its performance next year.

(vested)

No Compliant? I'm very happy with this. 11% yield is probably the highest, consider that there is no distribution of any assets sales. Very happy to be paid handsomely while waiting for the foundries to go for the inevitable upgrade!

(26-02-2015, 09:54 PM)DCF Wrote:

(26-02-2015, 09:06 PM)CityFarmer Wrote: The dividend is slightly lower than last FY, but more in absolute amount, due to bonus share awarded last year

FY2014: 1 cents + 1 cents + 1 cent + 3 cents = 6 cents
FY2013: 1 cents + 1 cents + 1 cent + 3.5 cents = 6.5 cents.

I have no complain. Let's see its performance next year.

(vested)

No Compliant? I'm very happy with this. 11% yield is probably the highest, consider that there is no distribution of any assets sales. Very happy to be paid handsomely while waiting for the foundries to go for the inevitable upgrade!

Having spent 6.7 million on capex and 2.5 million on upkeep of machinery - still managed to generate 28.9 million of FCF - 6 cents DPS amount to 25.75 million - still "living within means" - ha-ha !

(vested)

http://infopub.sgx.com/FileOpen/eFORM1V2...eID=337258

Selling again by Andy Luong..............

27-Feb-2015 : Sold 3.0 million shares
02-Mar-2015 : Sold 1.2 million shares

Only holding to 87,559,000 shares (20.4%)

(vested)