U-Ming stock gains as second quarter profit doubles year over year

Published on 10/04/2026 at 20:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

U-Ming stock reported TWD 2.34 in second quarter EPS as net income rose 204.5 percent year over year. Five analysts set a Buy consensus with a TWD 79.24 target.

U-Ming, TW0002606001, Illustration mit AI erstellt.

U-Ming stock (ISIN TW0002606001) was last at TWD 75.90 on the Taiwan Stock Exchange on October 2, 2026, up 3.27 percent from the prior session. The company reported second quarter 2026 net income of TWD 1,975.83 million, a 204.5 percent increase from TWD 649 million in the year-earlier quarter, according to FinmoConf on September 16, 2026.

Profit growth sets the tone

U-Ming's second quarter revenue reached TWD 5,013.51 million, up 28.8 percent from TWD 3,891.77 million in the first quarter of 2026. Operating profit rose to TWD 1,557.48 million from TWD 987.90 million, while the operating margin increased from 25.4 percent to 31.1 percent, the company presentation reported.

Basic EPS was TWD 2.34 in the second quarter, compared with TWD 1.17 in the first quarter and TWD 0.77 in the second quarter of 2025. The earnings comparison matters because the improvement came with higher operating profit, not only from a change in non-operating items.

Freight rates support the fleet

The Baltic Dry Index averaged 2,751 points in the second quarter, compared with 2,159 in the first quarter and 1,118 in the year-earlier quarter, according to FinmoConf. That freight backdrop helps explain why U-Ming's operating profit increased 57.6 percent quarter over quarter and 141.8 percent year over year.

U-Ming operates marine transportation and investment businesses worldwide, including dry bulk shipping, according to Investing.com. Its exposure remains cyclical: stronger freight rates lift revenue and margins, while weaker cargo demand can pressure utilization and charter income.

Analysts see limited upside

The analyst picture is constructive but measured. Investing.com lists a Buy consensus from 5 analysts, including 4 Buy ratings, 1 Hold and 0 Sell ratings. The average 12-month target is TWD 79.24, with a high of TWD 88 and a low of TWD 75; the average target lies 4.4 percent above the October 2 price.

The valuation signal is therefore tied closely to the freight cycle. U-Ming's latest quarter delivered TWD 1,975.83 million in net income and TWD 2.34 in EPS, while the consensus target remains only TWD 3.34 above the latest market price.

U-Ming stock stays below its yearly high

U-Ming stock was last at TWD 75.90 on October 2, 2026, with 3,649,164 shares traded. The 52-week range was TWD 53.00 to TWD 81.70, placing the stock 7.1 percent below its yearly high; market capitalization was TWD 64.1 billion.