We predict a near term cyclical peak Unisem's earnings, as the short-term catalyst for other chipmakers has also been exhausted. We are particularly concerned with the latest ASML guidance and recent downgrade of ASML by other research houses. We see a short-term downside on the company's revenue, mainly derived from its wafer bumping and advanced package operations.
Therefore, our short term price target would be RM7.5. Long term downside: RM4.5 as earnings normalise.
from cimb :- Unisem is scheduled to release its 3Q21F results on 26 Oct. To recap, the group guided for 5-8% qoq US$ sales growth in 3Q21F in spite of the initial 11-day plant closure in Jul-Aug. However, we believe the second plant closure, which lasted for 7 days, coupled with headcount limits led to lower or even flattish qoq sales delivery in 3Q21F. Nevertheless, we still think that Unisem will be able to catch up with production in 4Q21F in line with higher vaccination rates among its employees and greater worker availability as more employees return from mandatory quarantine leave. Overall, we believe this should translate into higher utilisation in 4Q21F.
ya, considering ipoh plant closed due to covid cases and also full mco earlier..And a 2sen pleasant surprise...before share split it gave 2sens...after split 1:1 still giving 2sens! Thank u Unisem management..
Unisem will probably kena 9% more tax under Cukai Makmur…. damnn…. Quite a lot 9%
A one-off additional company income tax was announced in Budget 2022, whereby earnings above the RM100 million mark will be taxed at a rate of 33%, instead of 24% for the first RM100 million.
The one-off tax — named Cukai Makmur (Prosperity Tax)
it is hovering here 4.10-4.20. I won't rush all if really wish to collect now. If you are going long, and stay invested then the risk is lower as semiconductor for next year will continue to be good year though some parties are predicting normalization period.
I aim for below 4.00 , range of RM3.80-4.00. Best time to collect when nobody wants it anymore - quiet time.
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 2938 views | 2 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
wallstreetrookie
9,784 posts
Posted by wallstreetrookie > 2021-08-25 08:55 | Report Abuse
Unisem FTSE4Good Index constituent