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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.
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