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.

LOve to see retailer selling vs Pro Gambler buying

I believe the sentiment is looking towards Msia as a country that mistreat foreign workers as a blanket view rather than targeting just a single company.


Just like plantation sector, previously ban the world largest FGV. Then the ban impacted Sime Darby as well.

Well, those who had bought in Jan 2020 would still make 450% return at current price.

Cheers!

Those who's average cost is higher, well just keep it for long term growth.

I believe in the next 5-10 years, will usually have other forms of pandemic.

https://www.visualcapitalist.com/history-of-pandemics-deadliest/

Still waiting for dividend news to be declared. No worries.

https://www.reuters.com/article/us-intel-manufacturing-taiwan-idUSKBN2BG09F

Gamuda may call for rights issue or raise perpetual sukuk. The latter will be better for shareholder.

Gamuda bears most of the risk and all fundings. Doesn't seem fair and this is reflected in the share price.

Need RM6 bil to RM7bil funding and just less than 10% PAT.

The true benefit will only come in 2027 when the reclaimed land can be sold.

This is a long wait for investors

Intel technology is 6 years behind TSMC.

Intel will be launching their 7nm using TSMC technology in 2023, delayed due to legacy issues in 2020.

TSMC will be mass producing 3nm in 2022.

The tech know how is important and cannot be bought by money because its Intellectual Property.

Even China, famous for copying are struggling to compete with TSMC without the right tools.

Get your facts right.

@RainT

https://www.thestar.com.my/business/business-news/2019/11/30/uwc-a-standout-among-ems-stocks

Yeah, agreed with samflyer.

The company is performing, it's largest client are stretched to the limit to produce more chips.

US and Germany are appealing to TSMC to increase production.

https://www.theedgemarkets.com/article/taiwan-ministry-says-tsmc-will-prioritise-auto-chips-if-possible

https://www.bloomberg.com/news/articles/2021-01-29/u-s-officials-to-press-taiwan-tsmc-to-resolve-auto-chip-crunch

Yup
Free warrant

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=111952&name=EA_GA_ATTACHMENTS

Gambler going long vs Retailer going short

Who is the winner?

The remisier must have just graduated from SPM.

Refer to Bursa Main Market Listing Requirement

Having profit figure and uninterrupted profit after tax of 3 to 5 full financial years with an aggregate of minimum of RM 20 million.

Though I agree with Gooshen, the share price will likely drop back to below RM3 in the next few months after BI adjustment which may be announce quite soon.

The HK listing is really putting pressure on share price.

Additional 1.5 bil shares is really not beneficial to anyone including itself.

It's already flush with sufficient cash for expansion.

Should just buyback shares and cancel it to improve EPS.

The SG listing also didn't really help much to promote the company and worst still the ESG issues really put Msia image like a sweat shop.

Gooshen, share with you another secret.

Inari client's Broadcom is having solid demand.

With current batu kawan factory with 200,00 sf utilisation roducing RM90mil per quarter, the full utilisation of 680,000sf will produce at least RM270mil per quarter, that's more than RM1 billion in PAT per annum.

https://www.bloomberg.com/news/articles/2021-03-04/broadcom-ceo-says-sales-are-real-as-chip-orders-flood-in

It's expensive if you compare with other EMS players eg:ATA IMS, SKPresources, VS, PIE,etc

Most of them having 50% discount to their forward PE.

If UWC deserves such huge premium , is either they have internal R&D to develop their own products, high tech barrier which other EMS player are 4-5 years behind or UWC is the only player in ASEAN that is able to produce it.

Maybe you can answer this.

@robert88888

EPF was part of the early investor below 5% during IPO.

Only recent purchase cause it to breached the 5% where they need to disclose.

EPF had always has many funds, some purchase and some sell depends on their portfolio and rebalancing policy.

To be honest, I felt that Wong had lost his edge. BOD should oust him for uttering such ideas.

He's now diversifying into healthcare related biz just becoz gloves, vaccine and test kits was doing well recently.

His current biz eg: gov service provider and digitizing them is lucrative and should expand this similar concept to other countries eg: Cambodia, Vietnam,Indonesia,etc

Yup.
At RM2, there's enough liquidity already.

Maybe counter like F&N, Nestle, Panasonic, MPI, Dlady need BI.

Not sure why Wong is thinking that currently his counter lacks liquidity.
Something fishy?

@scholez18

It's because their share base is high at 3.6 billion.

1% of that is already 36 million shares/RM72 million in value.

It's difficult to push unless there's catalyst eg:rumours/news that excite the market to buy more.

I think the current price is still too expensive for an EMS player.
Trading close to forward pe=35 will be more attractive.

Amirul should just buy from the open market.
Still cheaper than he bought from Mustakim.

Too much supply of Glove

China glove makers Blue Sail Medical and Intco Medical aim to raise their nitrile glove production capacities. Blue Sail Medical intends to increase its production to 36.1 billion pieces per annum by end-2023 from 4.3 billion pieces as of end-2019.

On the other hand, Intco plans to expand its nitrile glove capacity to 59.2 billion pieces per annum by end-2023, from 5 billion pieces at end-2019.

The same technique again.
Was wondering if he's buy or sell call is involving actual money?
Or Uncle is just writing blogs.

Gooshen is here also.
Brief you also.

Key takeaway:

-Long term biz and high barrier to entry(less than 20 companies in the world.
-5G, IOT, EV beneficiary
-The Group is looking to expand its capacity in Taiwan by setting up a new state of the art facility which is targeted for completion in year 2022.
-Group is also planning to set up a new facility in US to further support its TSMC expansion in Arizona.
-Frontken has proposed the bonus issue of shares and free warrants on the basis of 1 bonus shares and 1 free warrant for every 2 existing shares.
-the Group has declared its second single tier dividend of 2.8 sen per share which make up of total dividend of 4 sen for the FY20 as compared to 2.5 sen in FY19.

Currently Taiwan is experiencing worst drought in 50 years.

Hopefully, frontken's client TSMC is able to find ways to reduce the impact which will last up to May 2021.

Expecting some weakness in earnings impacting the month of April to May period.

Gooshen,

Good opportunity for you buy now. Later no more at level 3.

Gooshen,

Share with you a secret.
Inari Batu Kawan plant existing plant for the 200,000 sf space is 90% utilised for production. The Q2 yielded RM90mil PAT with this current capacity and utilisation.

The current factory still have unused space of 480,000 sf.

Assumption that price of product manufactured remains constant, you are looking at RM270mil PAT per quarter at full utilisation of the 680,000 sf batu kawan factory.

That's more than RM1bil PAT per annum.

Based on IBs report, the company is securing a few new customer to fulfil the space.

1. chip & assembly
2. EV power management module
3. Swiss client-sub module assembly
4. HK client-proprietary optical transceiver


https://klse.i3investor.com/blogs/kenangaresearch/2021-01-27-story-h1540183783-Inari_Amertron_Leader_Has_Spoken.jsp

News article mentioned LSS4 will likely be out his week.

Hopefully can secure a sizeable portion for owned asset and also JV with other smaller solar player who had secured part of the LSS4.

Target 50MW to 100MW with project size between RM500mil to RM1bil

Client Broadcom reported good revenue &earnings for quarter ending Jan2021.

Inari yet to report Jan-Mar2021.

Expecting good result.

https://investors.broadcom.com/news-releases/news-release-details/broadcom-inc-announces-first-quarter-fiscal-year-2021-financial

Hope to see the company secure LSS4 with ownership/concessionaire.
It'll help to provide recurring income like IPP

Almost bottom, good to buy on weaknesses.

After looking deeper into this company and understanding it's biz structure, only notice that UWC is an EMS player.

Similar with other EMS player like ATA IMS, VS, SKPres,PIE, Uchitec,etc

Most of them are trading between PE 20-40

UWC does not innovate their own products but build based on clients design. Eg: Replicate and mass produce

Then it would NOT command a higher PE or PE premium. Probably the average of 30x forward.

The last sermon part 2

Gooshen, 5G technology solution does not end in 1 week or 1 month or 1 year.

If we looks at Inari's previous earnings and share price movement during the implementation of 4G wordwide, Inari started to benefit from it, 2-3 years (2012-2013) after first introduction in developed nation eg: US,UK,Japan.

It continues to have massive earnings from 2012 to 2016 of almost 900% with share price appreciating more than 1000% in that period.

Make your own decision for 5G

Below RM3 will be a better buy.
No need to rush.
Blended ASP will be adjusting lower from 3rd quarter 2021 onwards to 2nd quarter 2022 from USD85/1000 to USD45/1000
Backlog orders for 2022 will reduce and normalise to between 3-4 mths from current 12mths.

It's good time to buy in.
Almost bottom.

Hopefully, Supermax doesn't limit down.

Really can't imagine what it could do to uncle koon.

Already margin call for him. If he doesn't rectify it, his shares would be force sale. Looks like it's today.

Good profit expected for the rainy season

Company not so generous on the dividend.

Next 2Q will be dry season earnings but still expecting at least RM55mil per quarter.