Despite drop, Goldman sees Asian stock rebound in Q4 | http://www.klsescreener.com/v2/news/view/440928

US stocks have been far more bullish than stocks in the rest of world, so this correction is quite normal.

Worries about a sharp rise in interest rates also pressured equities. The 10-year Treasury note yield traded around 3.23 percent a day after hitting its highest level since 2011. The two-year yield, meanwhile, reached its highest mark since 2008.

haha not recession

KWAP is likely to buy more on this price level.

10-Oct-2018 Insider KUMPULAN WANG PERSARAAN (DIPERBADANKAN) (a substantial shareholder) disposed 10,600 shares on 09-Oct-2018.
09-Oct-2018 Insider KUMPULAN WANG PERSARAAN (DIPERBADANKAN) (a substantial shareholder) disposed 14,400 shares on 05-Oct-2018.
09-Oct-2018 Insider KUMPULAN WANG PERSARAAN (DIPERBADANKAN) (a substantial shareholder) acquired 31,600 shares on 05-Oct-2018.
09-Oct-2018 Insider KUMPULAN WANG PERSARAAN (DIPERBADANKAN) (a substantial shareholder) disposed 20,000 shares on 08-Oct-2018.
09-Oct-2018 Insider KUMPULAN WANG PERSARAAN (DIPERBADANKAN) (a substantial shareholder) acquired 115,000 shares on 08-Oct-2018.

Compare other semiconductor stocks always. $12 and $5 do not mean anything to us at all.
At the moment Malaysian semiconductor stocks are not bearish due to depreciation of ringgit.

USDMYR 4.1552

Steel still in demand http://www.klsescreener.com/v2/news/view/439988

Steel still in demand | http://www.klsescreener.com/v2/news/view/439988

Malaysian stocks are interesting at the moment. Oil price is quite high, so unlike other emerging markets soaing USD will not affect Malaysian market much. (Ringgit will not collapse.) Yet USDMYR is likely to stay above 4.1. Malaysian tech stock will benefit from that.

Good

Many people here are novices. The Dow fell on fears of rising rates as 10-year yield hit highest since 2011. It has nothing to do with recession.

Malaysian stocks are interesting at the moment. Oil price is quite high, so unlike other emerging markets soaing USD will not affect Malaysian market much. (Ringgit will not collapse.) Yet USDMYR is likely to stay above 4.1. Malaysian tech stock will benefit from that.
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Malaysian stocks are interesting at the moment. Oil price is quite high, so unlike other emerging markets soaing USD will not affect Malaysian market much. (Ringgit will not collapse.) Yet USDMYR is likely to stay above 4.1. Malaysian tech stock will benefit from that...

Malaysian stocks are interesting at the moment. Oil price is quite high, so unlike other emerging markets soaing USD will not affect Malaysian market much. (Ringgit will not collapse.) Yet USDMYR is likely to stay above 4.1. Malaysian tech stock will benefit from that.

Asian currencies tumble as US jobs data, Fed chief comments boost US dollar; Singdollar dips 0.4%
https://www.straitstimes.com/business/economy/asian-currencies-tumble-as-us-jobs-data-fed-chief-comments-boost-us-dollar

No Stopping The U.S. Dollar Runaway Train At The Moment
https://seekingalpha.com/article/4209770-stopping-u-s-dollar-runaway-train-moment

Average target price 18.42

Malaysian tech stocks are still in a good condition due to a depreciation of ringgit.

http://www.theedgemarkets.com/article/cimb-research-raises-target-pric...
Target price Kesm

CIMB 18.50
KENAGA 18.20
AFFIN 18.55

USDMYR 4.145

The next QR announcement is around 23-Nov-2018, Buy Kesm when the stock price is low.

In terms of valuation, Kesm is now the lowest among major Malaysian semiconductor stocks The stock price is likely to be a at a bottom.

Pawl Wroblewski, Portfolio Manager at ClearBridge Investments, weights in on the obstacles and new growth opportunities for electric vehicles (EV).

It is suspected that EV sales forecasts will continue to be revised upward - cars, electric city buses, delivery vans and utility vehicles have witnessed strong sales growth.
https://seekingalpha.com/article/4209527-robust-electric-vehicle-adoption-driving-new-growth-opportunities

No bad news so far, Start buying Kesm tomorrow. Its current valuation is low compared to other semiconductor stocks.

net profit (YoY)

MMSV: -69.21%
Kesm: -15.57%
Inari: -12.98%
Unisem: -26.01%

MAIA optimistic aerospace manufacturing revenue will surpass RM9bil | http://www.klsescreener.com/v2/news/view/438522

KWAP sold only 20,000 shares on 2 October. Kesm may have plunged on 2 October due to manipulation. KWAP may start buying Kesm again due to a current low price.

Just compare Kesm to Unisem and MMSV.

Its valuation is not high compared to other semiconductor stocks.

https://klse.i3investor.com/servlets/cube/post/shareinvestor88.jsp

Buy Kesm for immediate 10% return.

Unisem: -26.01%
Kesm: -15.57%

net profit (YoY)

MMSV: -69.21%
Kesm: -15.57%

MMSV
https://klse.i3investor.com/servlets/stk/0113.jsp

Kesm hit RM 14.48 on 4 April, but immediately rebounded.
It moved back to 18.34 on 16 April.

unisem
https://klse.i3investor.com/servlets/stk/5005.jsp

Something fishy happened like manipulation.

Good buy now

http://www.theedgemarkets.com/article/cimb-research-raises-target-price-kesm-rm1850

It may be a mistaken order.

Malaysia records strongest manufacturing PMI growth in 10 months | http://www.klsescreener.com/v2/news/view/437602

Malaysia records strongest manufacturing PMI growth in 10 months | http://www.klsescreener.com/v2/news/view/437602

Monthly global chip sales top $40 billion mark for first time

https://www.marketwatch.com/story/monthly-global-chip-sales-top-40-billion-mark-for-first-time-2018-10-01

Monthly global chip sales top $40 billion mark for first time

https://www.marketwatch.com/story/monthly-global-chip-sales-top-40-billion-mark-for-first-time-2018-10-01

电子与电器产品出口 首7月增长12.6% | http://www.klsescreener.com/v2/news/view/437410

日經大馬製造業PMI　創10個月新高 | http://www.klsescreener.com/v2/news/view/437456

日經大馬製造業PMI　創10個月新高 | http://www.klsescreener.com/v2/news/view/437456

9月制造业PMI扬至51.5‧新增就职写新高 | http://www.klsescreener.com/v2/news/view/437406

电子与电器产品出口 首7月增长12.6% | http://www.klsescreener.com/v2/news/view/437410

The Phlx semiconductor index was up 0.65% on Friday.

US Fed raises interest rates, sees at least 3 more years of economic growth | http://www.klsescreener.com/v2/news/view/435660

BEIJING (Reuters) - China on Wednesday unveiled plans to cut tariffs for products including machinery, electrical equipment and textile products beginning on Nov. 1, as the country braces for an escalating trade war with the United States.

BEIJING (Reuters) - China on Wednesday unveiled plans to cut tariffs for products including machinery, electrical equipment and textile products beginning on Nov. 1, as the country braces for an escalating trade war with the United States.

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https://www.reuters.com/article/us-china-economy-tariffs/china-announces-fresh-import-tariff-cuts-amid-brewing-trade-war-idUSKCN1M61EH