Durian tree typically start to produce fruit after 6-7 years.
It's a long wait for many if the company only starting planting last year.

Semicon biz are heavy capex especially foundry like TSMC and Samsung.

WIthout deep pockets, it's another failed attempt by DNEX.

Khazanah has more than USD30bil fire power, yet they failed to turn it around.

What makes DNEX and their chinese counterpart with less than USD300mil can do?

RM40 is possible, next 10 years from now when their annual capacity reached 100 bil with blended ASP of USD40 with assumptions USD1=RM4 and pe=13x

Quarter result will be out soon.

The share price will justify itself accordingly.

Have share buy back is a good sign.

Seems Supermax and Harta has similar revenue & profit last quarter.
But the market cap differs by almost double.

Supermax looking to re-test 11.90 resistance?

Mr.Sm Invest123, Pentamaster expanding biz to China?

Quarter result coming out soon.

Will determine the direction of the price in coming weeks.

https://asia.nikkei.com/Business/Tech/Semiconductors/TSMC-tackles-Taiwan-drought-with-plant-to-reuse-water-for-chips

Up next is goreng pisang.

yeah, 1 day show only.
Well, better than nothing.

Still blogging on gloves.
Since already sold, look for others.
Gloves aren't the only counters that you can profit from.
If you are good, you can always spot new ones.

firehawk, it's possible the share price will be adjusted lower below RM3 due to Bonus issue 1 for 1 since the last one in 2018.

I think AA is trying hard to supplement it's income that usually comes from flights.

With covid numbers still elevated, other biz are also affected.

With cash burning on monthly basis and no visibility on borders opening by dec 2021, AA recovery seems bleak.

But pro gamble is taking his bet, let see if he decides to quit without opening all the cards.

https://home.kpmg/us/en/home/insights/2020/01/tnf-taiwan-funds-for-certain-investments-not-subject-to-surtax-imposed-on-undistributed-earnings.html#:~:text=Under%20Taiwan's%20income%20tax%20law,surtax%20on%20their%20undistributed%20earnings.&text=The%20investment%20incentive%2C%20thus%2C%20allows,amount%20of%20the%20surtax%20liability.

Lame excuse given to dispose his shares.

newbie2y, on 7/5/2021 warrants will be listed for 5 years.

Expecting major shareholders representing 42% shareholding eg:Dazzle Clean Ltd(Ng Wai Pin, Yong Ming Chong, Tan Keng Soon), Ooi Keng Thye
to exercise.

Yeah, the surtax from Taiwan operation.

Hopefully, the company will reveal more on the progress of US operation since they have issued out 500 mil shares of warrant(RM4 ex-price) for future funding up to RM2 billion.

China using more vinyl glove than nitrile or latex

Q12021 will be out in 1-2 weeks time.

Numbers and management's comment will provide more insight.

Up next, Supermax is the most underrated stock by KYY

With Covid cases looks to prolong, pro gambler may lose his pants.

@10Bergkamp

Inari financial year is June.

So next earnings result for Jan-Mar(Q3)

@HonLee

Based on the largest client earnings.

Do monitor my figures vs the actual.

Then let me know if my computation is wrong.

Considering from IPO price till now, it has appreciated 1,200%. A rest and consolidation is expected.

@Ben Tan

Is it a typo in your last sentence?


............actual decrease in delivery time for the period is 75 days, which is 17.6% decrease, explainable with the 20% increase in production capacity.

Should it be:

.........actual decrease in delivery time for the period is 175 days, which is 41% decrease..........

Demand for nitrile gloves drop 67% from Dec 2020 to Feb 2021.
Nitrile=510 days to 200 days
Note: Last meeting in April 2021 for ESG issue, updates from Tan Sri is 170days


Refer to Slide #13 (dec 2020)
https://www.topglove.com/App_ClientFile/7ff8cb3f-fbf6-42e7-81da-6db6a0ab2ef4/Assets/corporate_calendar/TG%20IR%20slide_091220_CLSA.pdf


Refer to Slide #9 (Feb2021)
https://www.topglove.com/App_ClientFile/7ff8cb3f-fbf6-42e7-81da-6db6a0ab2ef4/Assets/corporate_calendar/TG%20IR%20slide_240221_Daiwa.pdf

Now the page for latest slide in April had remove this statistic.

Up to each of you to define what it means.

Wow.

Didn't know still have so many fans of glove counters still around.

Those who bought at first news of COvid in Jan 2020 would only cost them RM0.61(adj for bonus issue).

Supermax reach a peak of almost RM12(adj for bonus issue).

That's 20x or 1,900% return.

Not much meat to buy at this price.

Q3 result to released in 1 month time.

Revenue looks to hit RM400m and net profit should surpassed RM100m.

Dividend estimated RM0.028 per share.

Let's enjoy the growth of 5G from 2021-2024.

Yeah, Keysights is the US customer


https://www.keysight.com/my/en/about/newsroom/news-releases/2020/keysight-technologies-wins-2020-big-innovation-award.html

Based on the earlier announcement, it's free warrant. No price.

But it will start trading and limit up till supply and demand normalise.


https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=206566&name=EA_DS_ATTACHMENTS

How the chinese investor help DNEX's Silterra when their own SMIC cannot even produce leading edge chips for Huawei?

Currently, huawei latest chip Kirin still produce by TSMC.

2016/2017 was Unisem's best years.

The company didn't really recover during this tech cycle.

Anyone know why?

Inari AGM MOM- 25 Nov 2020

Interesting facts


http://www.inariberhad.com/img/ir/2020%20AGM%20minutes%20(Key%20Matters%20Discussed).pdf

Based on last 6 quarter earnings which include before covid-19 sets in till today, don't really see any changes in biz revenue but the share price had appreciated over 100% and now trading at pe=135.

Last year, TF announced last year that AA will plan to fly in June 2021 as recovery will be similar to pre-pandemic levels.

What do you think?


https://www.theedgemarkets.com/article/airasia-confident-posting-stronger-results-international-travel-set-resume-covid19-vaccine

Actually, foreign buying may not be a good thing.

2 reasons

One, some of them do not stay long term (>5years), when exit due to their large size, will be a drag on share price.
a)Exit due to forex not favorable to their home country.
b)Exit due to financial crisis and needing to unwind their position to support their local portfolio.

Two, their influence as majority shareholding such as Carl Icahn and Nelson Peltz are normally act as activist to unravel scandals or CBT issues within the company.
In this case, may further hurt on ESG issues in Msia.

Buying for long term, entry price is any time.

April 15, 2021 (Thu)
TSMC 1Q21 Results - Earnings Conference and Conference Call

https://investor.tsmc.com/english/financial-calendar

On the surface, Intel’s strategic pivot comes at an ideal moment. The iconic company has fallen behind in recent years, as my Bloomberg News colleagues outlined in a Businessweek feature out Wednesday. And chip shortages are disrupting production in sectors across the economy, from autos to consumer electronics. But despite its bold vision, Intel is set to face challenges to its grand turnaround plan that will prove extremely difficult to overcome.


https://www.bloomberg.com/opinion/articles/2021-04-07/intel-s-plan-to-take-on-tsmc-and-win-big-in-chips-has-big-risks

No catalyst to move especially for high yield counters like Uchi.

Wait for Q1 result for more volatility

Email: aduan@seccom.com.my

https://www.sc.com.my/api/documentms/download.ashx?id=c18035ab-a451-45e3-ac0e-5828cc2cee7a

@Nakata

AGTC is buying the property for capacity expansion and partially due to green tech which the vendor is


Refer to point #2.2 and #4

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=113510&name=EA_GA_ATTACHMENTS

Intel market share is dominants toward PC,laptop and data centre. No doubt about that.

TSMC market share is towards smart phone, tablet, EV, gaming console,IOT and data centre.

Besides that, TSMC manufacture chips for Intel as well.

Anyone can find details for the foreign partner?

Beijing Integrated Circuit Advanced Manufacturing

High-End Equipment Equity Investment Fund Centre


Can't google anything.

Khazanah has almost RM170 billion in asset size couldn't cope with the RM8 billion accumulated losses in Silterra.

How much can DNEX , a loss making company with market cap of RM400m million and net asset less than RM500 mil put Siltera back to perform.

Doesn't makes any sense at all.

I think the easiest way to go around this issue, is to change the company name. Maybe Super Glove.

Top management still in denial over the CBP decision.

Looks possible that Topglove has lost it's north american market of 22%.

That is about RM2.2 bil revenue per year for 2020 and RM4.8bil for 2021.


Commenting on the forced labour issue, Top Glove said it is unable to ascertain the quantum of the financial and operational impact arising from the US Customs and Border Protection’s (CBP) directive to its personnel at all US ports of entry to begin seizing disposable gloves produced in Malaysia by Top Glove over forced labour allegations.



https://www.theedgemarkets.com/article/top-glove-dips-10month-low-over-rm5b-market-cap-lost-monday

It's quite difficult to time the borders reopening with the number of Covid cases spiking in US and Europe. It's as good as gambling, it's 50-50.

But looking at the numbers of Covid cases rising in these continents, 2021 maybe another 2020.

Will AA be another Virgin Australia is the making?
Knowing TF learnt from his "mentor" Richard Branson.