I manage to secure shares of UMS Holdings to further diversify my current stock portfolio. This is my second time buying UMS Holdings after having sold off once months ago.
The main reason as to why I decided to buy the stock is in view of a possible economic recovery and definitely more reassuring electronics and semiconductor industry. UMS Holdings reported its first profit after several months of consecutive losses. In a recent released Monthly Manufacturing Performance December 2009, the electronics cluster output saw robust growth of 57.3% in December year-on-year. This was due to higher demand, coupled with the low base last year. For a segment that adds over a quarter of total manufacturing output, the rise was especially pronounced in three categories: semiconductors (90.8 per cent), data storage (42.6 per cent) and other electronic modules and components (23.5 per cent).
On a separate report, I remember Gartner mentioning the semiconductor is predicted to grow by double digit for the next 3 years.
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