Stock Name: UMS
Company Name: UMS HOLDINGS LIMITED
SIAS Research in a June 17 research report says: "UMS Holdings Ltd (UMS) recently announced that it will invest US$1 million, spread over four tranches, for a 5% stake in Terra Verde Technologies LLC (TVT).
"Essentially, UMS is paying a relatively low price for (a) investment gains and (b) exclusive manufacturing rights if TVT successfully develops its product. Essentially, we see this initial investment as a route for UMS to gain influence over products in development and channel their future manufacturing needs to the company.
"UMS has already submitted its application for a listing on the Korean Stock Exchange (KRX). Intrinsic value of $1.08. UMS Holdings
MAINTAIN INCREASE EXPOSURE."
Company Name: UMS HOLDINGS LIMITED
| Research House: SIAS | Price Call: BUY | Target Price: 1.08 |
SIAS Research in a June 17 research report says: "UMS Holdings Ltd (UMS) recently announced that it will invest US$1 million, spread over four tranches, for a 5% stake in Terra Verde Technologies LLC (TVT).
"Essentially, UMS is paying a relatively low price for (a) investment gains and (b) exclusive manufacturing rights if TVT successfully develops its product. Essentially, we see this initial investment as a route for UMS to gain influence over products in development and channel their future manufacturing needs to the company.
"UMS has already submitted its application for a listing on the Korean Stock Exchange (KRX). Intrinsic value of $1.08. UMS Holdings
MAINTAIN INCREASE EXPOSURE."
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