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Chip-linked stocks on fire as sector recovery rekindles love affair

UMS, AEM, Frencken see huge gains, while EMS providers may have yet to hit trough

Published Thu, Nov 21, 2019 · 09:50 PM
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Singapore

INVESTORS are piling into Singapore stocks exposed to the chipmaking segment, betting that the global semiconductor market has turned the corner.

Shares of counters such as UMS Holdings, AEM Holdings and Frencken Group averaged a 21 per cent gain this month, outperforming the broader index, which was down 1.2 per cent.

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