UMS Integration Opens At RM5.15, 3 Pct Up On Bursa Malaysia Debut
KUALA LUMPUR, Aug 1 (Bernama) -- UMS Integration Ltd rose on its Main Market debut, becoming the first Singapore Exchange (SGX)-listed company to achieve a secondary listing on Bursa Malaysia.
Its shares opened at RM5.15, marking a 3 per cent increase over its RM5 reference price.
The listing was conducted by way of introduction, rather than via a conventional initial public offering, and did not involve any fundraising from the company or its shareholders.
UMS Integration chief executive officer Andy Luong said the company intends to make further investments as part of its planning for the next five years.
“UMS Integration is moving up the value chain. We see significant opportunities in artificial intelligence (AI) and high-performance computing, where we have the expertise, skills, and capabilities to produce the precision components required,” he said at a press conference held in conjunction with the listing.
On its expansion plans, he said UMS Integration remains open to establishing a headquarters in Malaysia, although there are no immediate plans to do so.
“For the moment, we remain (headquartered) in Singapore, but over time, we’ll see how the business goes. If we have a larger pool of investors here (in Malaysia), we will look at any benefit to relocate,” he said.
He added that while Malaysia plays a central role in UMS Integration’s manufacturing operations, Singapore remains more accessible for international customers, particularly large American semiconductor firms.
Meanwhile, executive director and group financial controller Stanley Loh said the recently announced 19 per cent United States (US) tariff on Malaysian goods — down from the previous 25 per cent — is not expected to impact operations significantly.
“As our components are customised for our customers’ internal operations and not intended for resale, any applicable tariffs are likely to be absorbed by the customers themselves, and we do not foresee any operational impact at this point,” he said.
Looking ahead, he expects continued growth, supported by demand for semiconductor equipment used in AI applications. “AI requires high-performance chips, and many of our customers are ramping up capital expenditure to meet that need.
"As a contract manufacturer, UMS Integration stands to benefit from this trend and expects stronger performance this year compared to last year, supported by ongoing industry investment in semiconductor equipment,” he said.
UMS Integration produces modules, components, and sub-assemblies for companies in the semiconductor, aerospace, and factory automation equipment industries.
The company completed a 300,000 sq ft plant in Penang last year for RM234 million, with a second facility scheduled for completion by 2028.
-- BERNAMA