Jurong Tech falls on Motorola profit
Jurong Technologies Industrial Corp. (JTIL.SI: Quote, Profile, Research) fell as much as 6.2 percent to a one-month low of S$1.13 on fears that weaker-than-expected quarterly profits at Motorola Inc. (MOT.N: Quote, Profile, Research) would hurt the contract electronics maker’s earnings.Jurong Tech makes handsets for Motorola, which is one of its key customers.
Motorola, the world's second-biggest maker of mobile phones, on Tuesday posted a 45 percent fall in third-quarter profit and disappointing revenue growth as sales of mobile phones and wireless network equipment were weaker than expected. For more details, click on [ID:nN17266672].
Jurong Tech was the top percentage loser among blue chips on Wednesday.
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