Singapore Semiconductor Stocks Riding the Cyclical Upturn
Global semiconductor industry is in a cyclical up-cycle, driven by Internet of Things (IoT) and mobile devices. Strong growth in electronics and precision engineering clusters likely to provide support to Singapore’s economy in 2017. The 12 semiconductor SGX-listed stocks, riding on the strong near-term momentum in the industry, generated an average total return of 65.7% in the year-to-date, bringing their one-year average total return to 115.6%. Singapore’s three largest semiconductor stocks - UMS Holdings, Micro-Mechanics & AEM Holdings are in net-cash positions, which ensures dividend payouts to their shareholders.