Hot stocks: Semiconductor plays punished on earnings disappointments

Hot stocks: Semiconductor plays punished on earnings disappointments

May 13, 2024 / Riah Marton /


SEMICONDUCTOR stocks were a sea of red on Monday (May 13), after UMS Holdings : 558 0%’ first-quarter financial update released last week marked the third straight earnings disappointment for the sector this season. 

Among the four counters, UMS experienced the steepest intra-session decline in terms of percentage after shedding up to S$0.23 or 17.4 per cent to S$1.09 on a cum-dividend basis as at 2.12pm. The stock had begun trading ex-dividend on May 7.

Last Friday, the semiconductor company posted a 44 per cent fall in Q1 net profit to S$9.8 million. 

Posted in

Riah Marton

I'm Riah Marton, a dynamic journalist for Forbes40under40. I specialize in profiling emerging leaders and innovators, bringing their stories to life with compelling storytelling and keen analysis. I am dedicated to spotlighting tomorrow's influential figures.

Leave a Comment