UMS

UMS: may benefit from increased positive news flow coming from the semi/ tech sector. Earlier this wk, TSMC, the world's largest contract chip maker, was reported to be planning capex of US$10b for 2013, +21% yoy. And yday, Seeking Alpha website, a widely read independent US financial portal, noted that Applied Materials (which makes semiconductor eqpt for TSMC) is "about to turn a corner", citing an expectation for an industry upturn . Article here: http://seekingalpha.com/article/863811-applied-materials-is-about-to-turn-a-corner?source=bloomberg Notes that Applied Materials is a key customer of UMS, contributing 50-80% of UMS group revenues. UMS trades at 5.3x P/E, offers 9.8% indicative yield.