by winston » Thu Mar 31, 2011 11:28 am
Not vested
Singapore Hot Stocks-Serial System up on hopes of more orders
SINGAPORE, Mar 31 (Reuters) - Shares of Singapore semiconductor firm Serial System jumped as much as 10 percent on Thursday on expectations it may receive more orders following disruptions at some of its competitors in the aftermath of the Japan earthquake.
At 0311 GMT, shares of Serial System were up 3.3 percent at S$0.155 with over 10.6 million shares changing hands.
Larger rival UMS Holdings saw its shares gain as much as 2.5 percent.
"Theree are concerns that a supply disruption in Japan could benefit technology firms with factories elsewhere in the world, like Taiwan, Korea or Singapore, so investors are playing up technology-related firms here," said a local trader.
Disruption of the production and delivery of components used by the global technology sector continued to weigh. Silicon wafers used to make microchips could temporarily run short over the next few weeks after suppliers halted production after the quake.
Source: Reuters
It's all about "how much you made when you were right" & "how little you lost when you were wrong"