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Wednesday, July 07, 2010

Off-loaded UMS Holdings shares at a whopping profit of 112.95%

Shares of UMS Holdings Limited [558.SI], a one-stop strategic integration partner providing equipment manufacturing and engineering services to Original Equipment Manufacturers of semiconductors and related products, rallied more than 13% today and ended at S$0.385 from S$0.340.

I have been holding onto their shares from January 2010 and since then, its share price has risen by more than 110%. A decision was made to sell today after some unusually high transaction volume.

In a reply by UMS Holdings to the Singapore Exchange, UMS Holdings commented they were not aware why the unusually high trading activity.

It is time to look out for the next UMS Holdings and Parkway Holdings.

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