UMC’s Q2 guidance reaffirmed steady wafer output growth, influencing bullish sentiment in analyst forecasts. Stock forecast consensus now sets 12-month price targets between $10.00 and $10. The latest analyst coverage could presage a bad day for UMediC Group Berhad ( KLSE:UMC ), with the analysts making across-the-board cuts to their statutory estimates that might leave shareholders a little shell-shocked. There was a fairly draconian cut to their revenue estimates, perhaps an implicit admission that previous forecasts were much too optimistic. Close-up of Silicon Die are being Extracted from Semiconductor Wafer and Attached to Substrate by Pick and Place Machine. Computer Chip Manufacturing at Fab. Semiconductor Packaging Process. Cash flow strength and low debt ratio are adding to investor confidence. Based on valuation models, UMC stock forecast holds a medium-term bullish rating, aiming for $10.
