UMS: 2Q16 earnings missed but attractive yields still intact
-2Q16 net profit $6.5m (-22%) - missed street estimate
-2Q16 revenue $23.6m (-24%) - sales for semicon integrated system (-15%), and components (-31%) weakened
-maintains interim DPS of 1¢
-Outlook positive as major cust. Applied Materials announced it received highest orders in 15 years
-Management is cautiously optimistic that FY16 will be a profitable year
-trading at 12.1x FY16e P/E and remains on track to offer 10.1% dividend yield in FY16
-Sits in Market Insight Yield Portfolio
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