No wonder foreign investors just walk away from the Bursa when the most imaginative thing that Malaysian companies seem capable of doing is the either dilute shareholding with "Bonus" issues or rip off them off with PP. What about paying decent dividends and strategic planning for growth. What about ESG - most MD's would not even know what this was if a tiger walked up and smacked them in the face with a solar panel. Dismal, dinosaurs.
A lot of China-focused hedge funds blew up this quarter thanks to Chinese tech crackdown. RIP to them. Bursa technology especially those with connection to the Chinese are safe. Don't worry about Unisem Berhad. It is all good.
i looked at the inventories size for june quarter, increased over 13% from mar qr, more than 7.5% for march qr over dec qr. This is also coupled with multi year high trade receivables. It is considerably safe to assume that business is going to be busy for months to come.
Government support from 2014 to 2018 was equal to as much as 30% or more of annual revenue for two of China’s two major semiconductor companies, Semiconductor Manufacturing International Corp. (SMIC) and Tsinghua Unigroup, according to the Organization for Economic Cooperation and Development, an association of mostly advanced economies. Other countries subsidize semiconductor fabs through cheap land and tax breaks, but only China provides so much aid in the form of this cheap equity, the OECD said.
Whether China’s spending is effective remains controversial. Chinese chip companies remain well behind leading Western competitors. Mr. Kennedy of the Center for Strategic and International Studies estimated China has injected between $49 billion and $72 billion into state-owned aircraft maker Commercial Aircraft Corporation of China (Comac) in a so-far-unsuccessful effort to make it a competitor to Airbus and Boeing.
Even if other countries spent as much as China, they would likely struggle to achieve truly independent supply chains because China dominates so many of the links. When semiconductor chips are fabricated in the U.S. they still must undergo assembly, packaging and testing, a low-margin business where China is the biggest player.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
gemfinder
6,880 posts
Posted by gemfinder > 2021-07-23 13:50 | Report Abuse
no 10 no sell