Rakuten Trade Sdn Bhd research vice-president Vincent Lau, who is of the view that the recent dip in the equity market provides an opportunity to buy, is bullish on O&G stocks, as well as the semiconductor sector, mainly due to the new launches of smartphones in the third quarter of 2017, such as Apple’s iPhone 8 and iPhone 8+, Nokia 8 and Samsung Note 8.
According to Wells Fargo, data from the Semiconductor Industry Association shows that DRAM sales rose 85% in August, following equally large gains in July and June. Sales for the broader semiconductor industry rose 25% in August.
utomotive segments are still seeing resilient demand thanks to the increasing semiconductor content per vehicle as well as growing demand for advanced vehicle safety and comfort systems. In this segment, we continue to see MPI as a better proxy for Automotive exposure as we gather that the group’s leading Automotive technologies that are used for safety features (such as advanced package for pressures, magnetic, acceleration sensors), have already passed the stringent qualification stage and will see more meaningful earnings fruition from July 2017 onwards. We also like small cap Burn-in and Testing player KESM, which derives c.70%-80% of its business from the automotive semiconductors. KESM recently posted its 4Q17 results, which showed a 10th sequential quarterly increase in revenue and had also achieved a record year on capital investment spend. Going forward, we expect the Capex trajectory to continue into the immediate quarters ahead, catering to the increased demand and complexity for testing services.
No buying interest yet for today. Guess everyone is bottom fishing on this counter. ongmari, looks like need to hold tight tight and forget about it. Why you didn't go to HRC? There very hot now. hstha, pls don't post so many news, all these can easily if you google..
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....
I LOVE HENGYUAN, sexy babe RM21
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Posted by I LOVE HENGYUAN, sexy babe RM21 > 2017-10-02 10:29 | Report Abuse
haha. below 16 is a screaming buy