Posted by tecpower > 2018-04-26 07:23 | Report Abuse

Nasdaq 100 Rallies After-Hours on Facebook, Chipmaker Earnings

Semiconductor stocks, the subject of much hand-wringing lately, were buoyed by a better-than-expected revenue forecast from AMD, which rallied 9 percent, and positive comments from Qualcomm on demand from China. Chipmakers Nvidia and Micron Technology also rose.

https://www.bloomberg.com/news/articles/2018-04-25/nasdaq-100-rallies-after-hours-on-facebook-chipmaker-earnings

Posted by aiinvestor > 2018-04-26 07:39 | Report Abuse

16,5 today?

Posted by hstha > 2018-04-26 08:02 | Report Abuse

Korea’s export volume index up 3.4% on yr in Mar with chips sole driver
http://m.pulsenews.co.kr/view.php?year=2018&no=264370

Posted by hstha > 2018-04-26 08:15 | Report Abuse

Samsung delivers record profits on strong chip demand
https://www.ft.com/content/602a90a4-48e5-11e8-8ee8-cae73aab7ccb

Posted by victory015 > 2018-04-26 14:13 | Report Abuse

>> aiya...i bought rm7 one....how ah...need to throw not...worry now.

got kesm at rm7 ?

Posted by Darkoda > 2018-04-26 16:39 | Report Abuse

Dear joekit and victory015,

Despite resilient demand for automotive chip, there's a big problem in front right now for KESM and its customers that they have to solve immediately. Next QR report may not be good which will instigate further selldown and drop in price. May recover at the end of this year if you willing to hold and take temporary loss. KESM is still a fundamentally good company.

Research by CIMB as quoted below.

"Wafer supply constraints persist in 3QFY18F. We recently hosted a conference call with KESM’s Executive Director, Kenneth Tan, together with nine domestic fund managers. KESM is still facing wafer supply constraints as its customers face assembly and production yield issues. Wafer substrate is a key raw material for the fabrication of integrated circuit (IC) chips."

AND

"Expect utilisation to improve in 4QFY18F onwards. We expect KESM’s utilisation rate to fall from 80% in 2QFY18 to 70% in 3QFY18F due to lower wafer supply. Nevertheless, we expect the group’s supply constraint issue to improve in 4QFY18F."

AND

"Revise down FY18-20F EPS by 9-15 %. We had earlier expected KESM to deliver higher earnings in 2HFY18F in view of resilient demand in the automotive segment. However, we are now turning cautious on its nearterm earnings outlook due to the wafer supply constraints at its customers. Hence, we cut FY18-20F EPS by 9-15% to account for lower utilisation rate assumptions."

Hope this helps in your decision. Good luck.

Posted by Darkoda > 2018-04-26 16:50 | Report Abuse

The Challenge of Tight Silicon Wafer Supply – Impacts and Implications
By Sungho Yoon, Sr. Market Research Analyst, and Dan Tracy, Sr. Director, SEMI
March 27, 2018

http://www.semi.org/en/challenge-tight-silicon-wafer-supply

"Chip makers continue to struggle to secure more silicon wafers to meet market demand as production capacity has reportedly fallen short of their needs, particularly in the 300mm wafer segment – a trend that has led to record-low DOI (Days of Inventory) levels since the second half of 2017.

The DOI level has shown no significant improvement since August 2017. Unlike the inventory rebound in 2007, the current inventory trough shows no signs of significant recovery soon.

Low wafer inventory levels could potentially hamper growth for semiconductor equipment market as it would be difficult for device makers to expand fab capacity without securing stable wafer supply chain in advance."

Posted by dompeilee > 2018-04-26 18:52 | Report Abuse

Just a bit of disclosure: I had 123 lots of Sunright when price broke above 80c last year. Since then I've been selling a little at a time and am now down to my last 50 lots.

Posted by hstha > 2018-04-26 21:21 | Report Abuse

半导体业务增长 提振前研科技首季净利涨25% | http://www.klsescreener.com/v2/news/view/371513

Posted by hstha > 2018-04-26 21:28 | Report Abuse

Throught 2017 wafer shortage prevailed, but Kesm's net profit increased 12% YoY.

CIMB IB Research downgrades KESM, lowers target price to RM19.60
http://www.theedgemarkets.com/article/cimb-ib-research-downgrades-kesm-lowers-target-price-rm1960

Posted by hstha > 2018-04-26 21:30 | Report Abuse

Strong demand for inspection systems lifts Vitrox earnings
https://www.thestar.com.my/business/business-news/2018/04/26/vitrox-reports-higher-q1-earnings/

Posted by hstha > 2018-04-26 21:33 | Report Abuse

Recent QRs of Globetronics, Vitrox, Frontken were quite good. The next QR announcement of Kesm is likely to be good as well.

Posted by hstha > 2018-04-26 21:44 | Report Abuse

Don't believe any forecasts made by economists and analysts blindly. They are not good at forecasting future events. Their jobs are analysing past events. You should know the difference.It's not that only KESM would get impacted by wafer shortage among semiconductor companies.

Posted by Flintstones > 2018-04-26 21:52 | Report Abuse

There is no forecast from CIMB at all. The management themselves said utilization rates is currently at 70%, a reduction from an earlier 80%. Now you tell me whats the forecast? The evidence of a not so rosy future quarterly earnings is right infront of us. Sell on strength. Accumulate on fear.

Posted by hstha > 2018-04-26 22:00 | Report Abuse

The research house expects KESM’s utilisation rate to fall from 80% in 2QFY18 to 70% in 3QFY18F due to lower wafer supply.
Read more at https://www.thestar.com.my/business/business-news/2018/04/18/cimb-research-downgrades-kesm-to-hold-lower-target-price/#Sm1ejo0Y2d2zq8I4.99

To expect means to forecast.

Posted by Flintstones > 2018-04-26 22:02 | Report Abuse

My bad.

Posted by hstha > 2018-04-26 22:02 | Report Abuse

And their TP is not around 15.00, but around 20.00. No need to sell the stock at a low price.

Posted by hstha > 2018-04-26 22:12 | Report Abuse

Part of the reason why wafer shortage still continues is because wafer demand has been increassing rapidly, so it is not necessarily a bad thing.

Posted by hstha > 2018-04-26 22:31 | Report Abuse

You should know that wafer acts like buffer.


When semiconductor demand increases, wafer shortage may prevent Kesm's net profit from increasing rapidly.

When semiconductor demand decreases, wafer utilisation rate will increase, so it may prevent Kesm's profit from decreasing rapidly.

That's why it is unlikely that Kesm's net profit will decrease rapidly.

Posted by victory015 > 2018-04-26 22:52 | Report Abuse

is kesm the number 1 market share in semiconductor test?

Posted by hstha > 2018-04-26 23:08 | Report Abuse

Singapore factory output up 5.9% in March amid strong semiconductor growth
https://www.businesstimes.com.sg/government-economy/singapore-factory-output-up-59-in-march-amid-strong-semiconductor-growth

Posted by hstha > 2018-04-27 07:29 | Report Abuse

PHLX Semiconductor Sector was up 2.09% yesterday.

Posted by hstha > 2018-04-27 08:12 | Report Abuse

傳中國汽車進口關稅減半 | http://www.klsescreener.com/v2/news/view/371581

Posted by hstha > 2018-04-27 09:00 | Report Abuse

Kesm's potential is huge.When wafer shortage is improved, their net profit will surge.

Posted by cefiro22 > 2018-04-27 09:19 | Report Abuse

So many negative news reported re wafer shortage, yet just after KESM AGM, CEO was confident the Company will maintain growth, no mention of wafer shortage...So let us also look at the +ve side too. Cheers.

Posted by hstha > 2018-04-28 15:36 | Report Abuse

Wafer shortage is not a bad thing. It means demand for semiconductor has been increasing dramatically.

Posted by cefiro22 > 2018-04-28 16:44 | Report Abuse

The problem is with some Research Houses and their Analysts if they write with a "motive" = you Sell, I Buy, vice-versa. If we cannot have faith in what the CEO of KESM has mentioned, who else can we rely on?

As you have said appropriately, "shortage is not a bad thing..." Only temporary for sure.

Posted by hstha > 2018-04-29 21:59 | Report Abuse

Even with wafer shortage Kesm's net proft may increase 10-20% QoQ.

Posted by hstha > 2018-04-30 00:02 | Report Abuse

Markets struggling to believe evidence on US earnings
Financial Times-
And how can US stocks still be down for the year? Either American investors are incredibly greedy or they disbelieve the numbers. Then we have bonds. The 10-year Treasury yield had been in a downward trend for 35 years, reflecting a belief that inflation was beaten. Three months ago, the 10-year yield appeared at last to break that trend. This week, it breached 3 per cent, an important round number, for the first time in four years. But is higher inflation and growth really here?

Posted by hstha > 2018-04-30 23:45 | Report Abuse

China's economy gives little sign of slowdown as PMIs hold up
https://www.bloomberg.com/news/articles/2018-04-30/china-march-factory-gauge-holds-up-as-services-beat-estimates

Posted by hstha > 2018-04-30 23:48 | Report Abuse

KUMPULAN WANG PERSARAAN (DIPERBADANKAN) has been accumulating Kesm shares.
http://www.malaysiastock.biz/Company-Announcement.aspx?id=1054962

Posted by hstha > 2018-05-01 01:07 | Report Abuse

USDMYR 3.9235
------------------------
The US dollar index has been bullish.

Posted by hstha > 2018-05-01 23:12 | Report Abuse

US dollar index is very bullish.
https://finance.yahoo.com/quote/DX-Y.NYB/

Posted by hstha > 2018-05-02 08:24 | Report Abuse

Apple delivers best-ever second quarter despite sales worries
https://www.theguardian.com/technology/2018/may/01/apple-second-quarterly-report-best-ever-iphone-x

Posted by hstha > 2018-05-02 08:34 | Report Abuse

The Phlx semiconductor index was up 1.73% yesterday

Posted by hstha > 2018-05-02 08:37 | Report Abuse

Global semiconductor sales up 20% year-to-year in Q1
http://electroiq.com/blog/2018/05/global-semiconductor-sales-up-20-year-to-year-in-q1/

Posted by hstha > 2018-05-02 22:38 | Report Abuse

Automotive Semiconductors Open Stellar Opportunities
https://www.ebnonline.com/author.asp?section_id=1364&doc_id=283403

Posted by hstha > 2018-05-02 22:38 | Report Abuse

USD/MYR 3.933

Posted by tecpower > 2018-05-04 08:12 | Report Abuse

The Phlx semiconductor index was up 0.64% yesterday.

Posted by tecpower > 2018-05-04 08:14 | Report Abuse

USDMYR 3.9355

Posted by tecpower > 2018-05-04 08:25 | Report Abuse

http://www.theedgemarkets.com/article/monthly-semiconductor-sales-expected-pick-towards-2q

Posted by klangkopitiam > 2018-05-04 13:42 | Report Abuse

http://mymetastockjournal.blogspot.my/2018/05/kesm-industries-berhad-klse-9334-whats.html

Posted by hstha > 2018-05-04 20:59 | Report Abuse

Today Pentamaster surged.

Posted by aiinvestor > 2018-05-04 22:41 | Report Abuse

China's largest IC foundry to set up fund to invest in semiconductor sector
http://www.xinhuanet.com/english/2018-05/04/c_137156215.htm

Posted by aiinvestor > 2018-05-04 22:47 | Report Abuse

Average target price 19,9 MYR
http://www.4-traders.com/KESM-INDUSTRIES-BERHAD-24007912/

Posted by aiinvestor > 2018-05-05 00:17 | Report Abuse

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

Posted by aiinvestor > 2018-05-05 00:22 | Report Abuse

Dow rallies more than 250 points as Apple leads tech higher
https://www.cnbc.com/2018/05/04/us-stock-futures-dow-earnings-trade-talks-and-nonfarms-on-the-agenda.html

Posted by aiinvestor > 2018-05-05 11:48 | Report Abuse

Wow, the PHLX semiconductor index was up 2.31% on Friday.

Posted by tecpower > 2018-05-05 12:17 | Report Abuse

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

Posted by aiinvestor > 2018-05-06 15:27 | Report Abuse

Too undervslued.The stock price should be at least over 17.5.