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.