Unisem is expected to benefit from depreciation of ringgit against USD.

Kelington bags RM330m UHP contract, outstanding order book hits RM1.87b - https://www.malaymail.com/news/money/2022/09/05/kelington-bags-rm330m-uhp-contract-outstanding-order-book-hits-rm187b/26650

https://www.thestar.com.my/business/business-news/2022/08/31/dnex-in-for-another-strong-year

https://www.thestar.com.my/business/business-news/2022/08/30/dnex-foxconn-new-wafer-fab-facility-on-track

TP 44.40
https://www.theedgemarkets.com/article/rhb-raises-target-price-mpi-rm4440-after-record-high-revenue

https://www.nst.com.my/business/2022/08/826838/mpi-set-sustsined-growth-fy2023-rhb-research

https://m.malaysiastock.biz/Company-Announcement.aspx?id=1427443

PHLX Semiconductor Index was up 3.66 percent yesterday

PHLX Semiconductor Index was up 3.66 percent yesterday.
https://www.marketwatch.com/investing/index/sox

PHLX Semiconductor Index was up 3.66 percent yesterday.
https://www.marketwatch.com/investing/index/sox

Chief executive officer and managing director Datuk Seri Koay Hean Eng said the company's high-precision manufacturing business enjoyed a breakthrough year on the back of higher technology usage worldwide and the reopening of economies.

"As a result, we received a huge bump in orders from semiconductor, E&E, and aerospace customers.

"Furthermore, the acquisition of a pharmaceutical and healthcare business also helped boost the company's earnings," he said.

He said that in FY23, the company would expand its exposure through the manufacturing of aluminium extrusion business.

US student makes $110m profit trading meme stock Bed Bath & Beyond | Money & More Latest News Here
https://upjobsnews.com/us-student-makes-110m-profit-trading-meme-stock-bed-bath-beyond-money-more-latest-news-here/

PHLX Semiconductor Index
was up 2.28 percent yesterday.
https://www.marketwatch.com/investing/index/sox

US Factory Output Increases for First Time in Three Months
Production climbed 0.7% in July, fueled by auto plants
Manufacturing, total industrial production both beat forecasts
https://www.bloomberg.com/news/articles/2022-08-16/us-factory-output-increases-for-first-time-in-three-months#xj4y7vzkg

US Factory Output Increases for First Time in Three Months
Production climbed 0.7% in July, fueled by auto plants
Manufacturing, total industrial production both beat forecasts
https://www.bloomberg.com/news/articles/2022-08-16/us-factory-output-increases-for-first-time-in-three-months#xj4y7vzkg

Kelington puts faith in order book to drive earnings - https://www.thestar.com.my/business/business-news/2022/08/16/kelington-puts-faith-in-order-book-to-drive-earnings

https://www.theedgemarkets.com/article/kelingtons-2q-net-profit-surges-84-higher-project-completion-malaysia-singapore

Malaysia's semiconductor industry to benefit from Chips and Science Act
Monday, 15 Aug 2022 11:10 AM MYT
https://www.thestar.com.my/business/business-news/2022/08/15/malaysia039s-semiconductor-industry-to-benefit-from-chips-and-science-act

Commentary Of Prospects
The Group continues to benefit from the semiconductor shortage as manufacturers race to expand production capacity by establishing new facilities. As at 30 June 2022, we have secured new contracts amounting to RM798 million. Including the projects carried forward from the previous years, our total orderbook stands at RM1.9 billion, of which RM1.4 billion remains outstanding.
In addition to that, we recently clinched an UHP contract worth approximately RM117 million from a customer in Singapore to undertake the bulk and specialty gas system distribution works.
Leveraging on our strong track record, we aim to sustain our growth momentum by continuing our active participation in project tenders across our Ultra High Purity, Project Engineering and General Contracting Segments.
Prospects at the Industrial Gases division remain positive as demand for liquid carbon dioxide (LCO2) increase in tandem with the recovery in economic activities.
Barring unforeseen circumstances, we are confident of delivering a commendable financial performance in the second half of FY2022 as we execute our existing orderbook across our key operating markets.

https://m.malaysiastock.biz/Company-Announcement.aspx?id=1424053

China’s central bank unexpectedly cut a key policy interest rate for the first time since January.

PHLX Semiconductor Index was up 2.99 percent on Friday.
https://www.marketwatch.com/investing/index/sox

Soros Reloads on Big Tech With Amazon, Google and New Tesla Bet
Tech - George Soros’s investment firm bolstered its stakes in Amazon.com Inc, Salesforce Inc and Alphabet Inc, among other large technology companies. (File pic by Reuters) - http://www.theedgemarkets.com/article/soros-reloads-big-tech-amazon-google-and-new-tesla-bet

Soros Reloads on Big Tech With Amazon, Google and New Tesla Bet
https://www.bloomberg.com/news/articles/2022-08-12/soros-reloads-on-big-tech-with-amazon-google-and-new-tesla-bet

Soros Reloads on Big Tech With Amazon, Google and New Tesla Bet
https://www.bloomberg.com/news/articles/2022-08-12/soros-reloads-on-big-tech-with-amazon-google-and-new-tesla-bet

Soros reloads on big tech with Amazon, Google and new Tesla bet

Tech - George Soros’s investment firm bolstered its stakes in Amazon.com Inc, Salesforce Inc and Alphabet Inc, among other large technology companies. (File pic by Reuters) - http://www.theedgemarkets.com/article/soros-reloads-big-tech-amazon-google-and-new-tesla-bet

Fed’s Daly Sees Half-Point September Hike;

Jeremy Siegel: Fed Should Moderate Rate Hikes

By Dinah Wisenberg Brin
August 11, 2022 at 02:23 PM

The Wharton professor says “I would go 50 [basis points] and then two 25s at this particular point, to complete market expectations."
Forward-looking inflation data points look better than official government inflation statistics and signal that the Federal Reserve can moderate its interest rate increases, according to Jeremy Siegel, finance professor at the University of Pennsylvania’s Wharton School.

Siegel, appearing on CNBC after the government released July’s consumer price index on Wednesday, noted that CPI data looks backward at inflation, while other information shows inflation is more moderate than the official statistics suggest.

Jeremy Siegel: Fed Should Moderate Rate Hikes

By Dinah Wisenberg Brin
August 11, 2022 at 02:23 PM

The Wharton professor says “I would go 50 [basis points] and then two 25s at this particular point, to complete market expectations."
Forward-looking inflation data points look better than official government inflation statistics and signal that the Federal Reserve can moderate its interest rate increases, according to Jeremy Siegel, finance professor at the University of Pennsylvania’s Wharton School.

Siegel, appearing on CNBC after the government released July’s consumer price index on Wednesday, noted that CPI data looks backward at inflation, while other information shows inflation is more moderate than the official statistics suggest.

Fed’s Daly Sees Half-Point September Hike;

The earnings of these sectors will get a boost from the 、weak ringgit
https://www.theedgemarkets.com/article/earnings-these-sectors-will-get-boost-weak-ringgit

https://www.theedgemarkets.com/article/greatech-enters-mou-acquire-60-stake-irish-automation-specialist-kaon

https://www.nst.com.my/business/2022/08/820459/mof-mida-studying-special-incentives-dnex-foxconn-investment

In Q2 2022, Valens Semiconductor reported its highest ever quarterly revenues of $22.5 million, up 28.4% from Q2 2021, as we continued to meet the growing demand from customers in our audio-video and automotive markets," said Gideon Ben-Zvi, CEO of Valens Semiconductor.
https://www.finance.yahoo.com/amphtml/news/valens-semiconductor-reports-second-quarter-100000102.html

Alpha & Omega Semiconductor Beats June-Quarter Goals, Gives In-Line Guidance
https://www.investors.com/news/technology/aosl-stock-alpha-omega-semiconductor-q4-2022-earnings/

Taipei, Aug. 10 (CNA) Taiwan Semiconductor Manufacturing Co. (TSMC), the world's largest contract chipmaker, reported on Wednesday a new sales record in July, up more than 6 percent from a month earlier, despite worries over growing inventory in the global semiconductor industry.

TSMC July sales hit new high, up over 6% from June
https://focustaiwan.tw/business/202208100010

https://www.marketwatch.com/investing/index/sox

Taipei, Aug. 10 (CNA) Taiwan Semiconductor Manufacturing Co. (TSMC), the world's largest contract chipmaker, reported on Wednesday a new sales record in July, up more than 6 percent from a month earlier, despite worries over growing inventory in the global semiconductor industry.

Philadelphia Semiconductor Index (SOX) was up 4.25 percent yesterday.

https://www.nst.com.my/business/2022/08/820459/mof-mida-studying-special-incentives-dnex-foxconn-investment

https://www.nst.com.my/business/2022/08/820459/mof-mida-studying-special-incentives-dnex-foxconn-investment

US Inflation Peak in Sight But Debate Rages Over What Comes Next
https://www.bloomberg.com/news/articles/2022-08-07/us-inflation-peak-in-sight-but-debate-rages-over-what-comes-next

China’s Trade Surplus at Record as Exports Beat Expectations
https://www.bloomberg.com/news/articles/2022-08-07/china-s-export-growth-beats-expectations-offering-support#xj4y7vzkg

China’s Trade Surplus at Record as Exports Beat Expectations
https://www.bloomberg.com/news/articles/2022-08-07/china-s-export-growth-beats-expectations-offering-support#xj4y7vzkg

https://themalaysianreserve.com/2022/08/06/bursa-malaysia-likely-to-improve-on-bargain-hunting-next-week/amp/

“Our top pick semiconductor companies are Inari Amerton Bhd (buy, [target price (TP)]: RM3.65) and Unisem (M) Bhd (buy, TP: RM4.07) given the group’s exposure to growing RF (radio frequency) contents in 5G smartphone usage and adoption.

MIDF stays positive on technology sector; Inari and Unisem top picks
Tech - MIDF stays positive on Technology sector; Inari and Unisem top picks - http://www.theedgemarkets.com/article/midf-stays-positive-technology-sector-inari-and-unisem-top-picks

US Recession Odds Are Falling Fast, JPMorgan Trading Model Shows
https://www.bloomberg.com/news/articles/2022-08-04/us-recession-odds-are-falling-fast-jpmorgan-trading-model-shows

https://www.theedgemarkets.com/article/kelington-bags-rm117-mil-contract-singapore