USDMYR 3.9683

KWAP has been accumulating KESM.

Circumstances by reason of which change has occurred Acquisition of shares in open market by KWAP's Fund Manager.
Nature of interest Indirect Interest
Direct (units) 1,454,000
Direct (%) 3.38
Indirect/deemed interest (units) 932,300
Indirect/deemed interest (%) 2.167
Total no of securities after change 2,386,300
Date of notice 16 May 2018
http://www.malaysiastock.biz/Company-Announcement.aspx?id=1057746

5 Reasons to Bet on the Rebound in Semiconductor ETFs
https://www.zacks.com/stock/news/303643/5-reasons-to-bet-on-the-rebound-in-semiconductor-etfs

First Quarter 2018 Silicon Wafer Shipments Increase Quarter-Over-Quarter to Record Level
Milpitas, Calif. — May 14, 2018 —

Reaching their highest recorded quarterly level ever, worldwide silicon wafer area shipments jumped to 3,084 million square inches during the first quarter 2018, a 3.6 percent increase over fourth quarter 2017 area shipments of 2,977 million square inches and a 7.9 percent rise over first quarter 2017 shipments, according to the SEMI Silicon Manufacturers Group (SMG) in its quarterly analysis of the silicon wafer industry.

First Quarter 2018 Silicon Wafer Shipments Increase Quarter-Over-Quarter to Record Level
Milpitas, Calif. — May 14, 2018

First Quarter 2018 Silicon Wafer Shipments Increase Quarter-Over-Quarter to Record Level
Milpitas, Calif. — May 14, 2018 — Reaching their highest recorded quarterly level ever, worldwide silicon wafer area shipments jumped to 3,084 million square inches during the first quarter 2018, a 3.6 percent increase over fourth quarter 2017 area shipments of 2,977 million square inches and a 7.9 percent rise over first quarter 2017 shipments, according to the SEMI Silicon Manufacturers Group (SMG) in its quarterly analysis of the silicon wafer industry.

US 10-Year Bond Yield surged. USDMYR is expected to rise tomorrow. Buy export oriented stocks.

US dollar index is very bullish today. USDMYR is exoected to rise tomorrow.

CIMB downgraded the stock from Add to Hold with a lower RM19.60 target price.

“We see prolonged wafer supply shortage as a downside risk, while potential accelerating recovery in wafers supply is an upside risk to our call,” it said.

First Quarter 2018 Silicon Wafer Shipments Increase Quarter-Over-Quarter to Record Level
http://www.semi.org/en/first-quarter-2018-silicon-wafer-shipments-increase-quarter-over-quarter-record-level

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First Quarter 2018 Silicon Wafer Shipments Increase Quarter-Over-Quarter to Record Level

http://www.semi.org/en/first-quarter-2018-silicon-wafer-shipments-increase-quarter-over-quarter-record-level

CIMB Investment Bank said foreign investors may reduce their weighting in Malaysia due to short-term uncertainties.

“As such, banking stocks that have never seen foreign inflows in recent months may be negatively impacted. Constructions sector too will be negatively impacted as big projects may be reviewed,” the research house said.

“Consumer stocks however could gain from potential goods and services tax abolishment and minimum wage hike. Exporters may also gain due to their limited exposure to the domestic market,” it said.
https://www.nst.com.my/business/2018/05/368459/short-term-pain-long-term-gain-malaysia-stock-market-analysts

CIMB Investment Bank said foreign investors may reduce their weighting in Malaysia due to short-term uncertainties.

“As such, banking stocks that have never seen foreign inflows in recent months may be negatively impacted. Constructions sector too will be negatively impacted as big projects may be reviewed,” the research house said.

“Consumer stocks however could gain from potential goods and services tax abolishment and minimum wage hike. Exporters may also gain due to their limited exposure to the domestic market,” it said.
https://www.nst.com.my/business/2018/05/368459/short-term-pain-long-term-gain-malaysia-stock-market-analysts

These Are the Stocks You Need to Watch After Mahathir’s Malaysia Win
https://www.bloomberg.com/news/articles/2018-05-12/mahathir-s-return-may-spur-moves-in-these-malaysian-stocks

market watchers expect equities to fall across the board, with government-linked companies, benchmark index stocks and infrastructure companies taking the brunt of a potential selloff. iShares MSCI Malaysia ETF, the biggest exchange-traded fund holding Malaysian stocks, fell 6.2 percent this week. The FTSE Bursa Malaysia KLCI Index has corrected by 2.6

The next QR announcement is likely to be made on 1 June on Friday.

KESM Average target price RM 19.9
http://www.4-traders.com/KESM-INDUSTRIES-BERHAD-24007912/

The PHLX semiconductor was 1287.70 on 2 January 2018. It is 1,350.46 now.

Due to depreciation of ringgit and boolish PHLX semiconductor Malaysian semiconductor stocks may surge near future.

The PHLX semiconductor was 1287.70 on 2 January 2018. It is 1,350.46 now.

Due to depreciation of ringgit and boolish PHLX semiconductor Malaysian semiconductor stocks may surge near future.

Due to depreciation of ringgit and boolish PHLX semiconductor Kesm may surge near future,

Kesm was 19.62 on 2 January 2018. It is 16.08 now.

The PHLX semiconductor was 1287.70 on 2 January 2018. It is 1,350.46 now.

Trump was initially recognized by someone who would impact the stock price negatively, but he turned out to be someone who boosted the stock price last year.

Tech stocks have regained their mojo in May, sector is back near records
https://www.marketwatch.com/story/tech-stocks-have-regained-their-mojo-in-may-sector-is-back-near-records-2018-05-10

The PHLX Semiconductor index was up 1.80% on Thursday.

Breakout

Revenues at graphics chipmaker Nvidia surged by 66 per cent in its first quarter to $3.2bn, surpassing analysts’ forecasts thanks to strong growth from customers in both data centres and video gamers.

If Nvidia Blows Out Earnings This Week, Chip Stocks Could Explode
https://www.marketwatch.com/story/if-nvidia-blows-out-earnings-this-week-chip-stocks-could-explode-2018-05-09

Semiconductor supercycle has been observed, PHLX semiconductor index has been going up continuously.

USDMYR is likely to rebound.

Semiconductor supercycle has been observed...

PHLX semiconductor index has been going up continuously.

Semiconductor supercycle has been observed, PHLX semiconductor index has been going up continuously.

Semiconductor supercycle has been observed, PHLX semiconductor index has been going up continuously.

Today Sunright was up 2.07%. Sunright provides semiconductor burn-in, testing and electronic
manufacturing (BIT&EM) services and distributes electronic products. In
Malaysia, BIT&EM services are provided by its 48% owned Bursa listed
KESM Industries Berhad

On the currency front, the one-month offshore ringgit non-deliverable forwards, which are contracts that will cash-settle changes in the value of the Malaysian ringgit against the US dollar, fell 4.3 per cent overnight, valuing the US dollar at 4.18925 ringgit as at 9.13am.

DBS said it had expected the ringgit to depreciate, with or without the election upset.

"Our forecast for the ringgit to depreciate to 4.20 by the end of this year was formulated before the election. This was based on our expectation for a resurgent US dollar from a more hawkish US growth/inflation/rates outlook and a moderation in the eurozone’s momentum.

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On the currency front, the one-month offshore ringgit non-deliverable forwards, which are contracts that will cash-settle changes in the value of the Malaysian ringgit against the US dollar, fell 4.3 per cent overnight, valuing the US dollar at 4.18925 ringgit as at 9.13am.

DBS said it had expected the ringgit to depreciate, with or without the election upset.

"Our forecast for the ringgit to depreciate to 4.20 by the end of this year was formulated before the election. This was based on our expectation for a resurgent US dollar from a more hawkish US growth/inflation/rates outlook and a moderation in the eurozone’s momentum.

On the currency front, the one-month offshore ringgit non-deliverable forwards, which are contracts that will cash-settle changes in the value of the Malaysian ringgit against the US dollar, fell 4.3 per cent overnight, valuing the US dollar at 4.18925 ringgit as at 9.13am.

DBS said it had expected the ringgit to depreciate, with or without the election upset.

"Our forecast for the ringgit to depreciate to 4.20 by the end of this year was formulated before the election. This was based on our expectation for a resurgent US dollar from a more hawkish US growth/inflation/rates outlook and a moderation in the eurozone’s momentum.

Time to buy semiconductor stocks.

The PHLX semiconductor index has been extremely bullish recently.
USDMYR is likely to rebound.

The PHLX Semiconductor Index was up 0.73% yesterday.
https://finance.yahoo.com/quote/%5ESOX/components/

US semiconductor stocks have been very bullish.

The PHLX Semiconductor Index was up 0.73% yesterday.
https://finance.yahoo.com/quote/%5ESOX/components/

US semiconductor stocks have been very bullish.

April 2018
China import + 21.5%
China export + 12.9%

Chinese exports rebound despite trade brawl.
http://www.acbr.com.au/chinese-exports-rebound-despite-trade-brawl

USDMYR 3.95

April 2018
China import + 21.5%
China export + 12.9%


better than forecasted

China export + 12.9%
China import + 21.5%

better than forecasted

Chinese exports rebound despite trade brawl
http://www.acbr.com.au/chinese-exports-rebound-despite-trade-brawl

Chinese exports rebound despite trade brawl
http://www.acbr.com.au/chinese-exports-rebound-despite-trade-brawl

Apple is an 'amazing' company with best profit potential in tech, Bill Gates says
https://www.cnbc.com/2018/05/07/apple-is-an-amazing-company-says-bill-gates.html

Apple is an 'amazing' company with best profit potential in tech, Bill Gates says
https://www.cnbc.com/2018/05/07/apple-is-an-amazing-company-says-bill-gates.html

Foxconn to enter semiconductor field: report
Sources say the company is evaluating a plan to build two factories for the production of 12-inch semiconductor wafers
http://www.atimes.com/article/foxconn-to-enter-semiconductor-field-report/

The PHLX semiconductor index was 1287.70 on 2 Januay, 2018. It was 1,296.73 on Friday.

Chip Sales Running 20% Above 2017 Pace
https://www.eetimes.com/document.asp?doc_id=1333249

The PHLX semiconductor index was up 2.31% on Friday.

Chip Sales Running 20% Above 2017 Pace
https://www.eetimes.com/document.asp?doc_id=1333249

The PHLX semiconductor index was up 2.31% on Friday.