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OPINIONS

UMS Broke Out $1.36 Previous High Back During 2017/2018.

Semiconductors should continue its strong upward momentum heading into its full year earnings result in February 2021.

UMS tested and broke out of the previous high of $1.36 back during the boom in 2017/2018 and are now set to breakout for a new all time high.

The overall semiconductor sectors rotation such as Micro-Mechanics, Frencken, AEM, and UMS have been performing very strongly in FY2021 with a correlation upward guidance from their global counterparts with the likes of TSMC, AMAT, Qualcomm, and many more.

With 9MYTD2020 bottomline earnings doing strongly at 45% year on year, full year earnings and post FY2021 guidance might surprise on the upside. Potential special dividends and/or bonus issue might just be on the cards for investors.

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