UMS Integration's stock plummeted 7.59% during Monday's intraday trading session.
The sharp decline follows the company's fourth-quarter earnings report, which showed flat earnings of S$11.1 million. The company stated that higher tax expenses offset improved gross material margins and lower personnel costs for the period.
The stock's drop also coincided with a broad market sell-off, as Singapore stocks opened lower with the Straits Times Index falling 2.2% at the market open.
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