"Despite earnings cut, we upgrade KESM to MP (market perform) (after a rollover of TP (target price) of RM18.30), as we see attractive valuation after its deep correction and robust growth in FY19. Kenanga said it trimmed its KESM TP to RM18.30, from RM18.40 previously.
Canada and Mexico retaliated, targeting U.S. steel and aluminum imports and products such as whiskey and blue jeans.
Tech stocks, which led gains on Friday, may be somewhat insulated from those trade risks. The Nasdaq was just over 1 percent away from a record high as tech stocks largely cushioned the index in the past week even while the broader markets suffered. By comparison, the S&P 500 was 4.8 percent off its Jan. 26 peak.
"Tech isn't in the headlines as groups that are going to be impacted by what's going on with regards to tariffs in the EU, whereas others are," said Daniel Morgan, portfolio manager at Synovus Trust in Atlanta.
>If few more quarters tis result, below rm10 is posible
No chip stocks have perforned as bad as that as growth of the semiconductor industry is solid. Temporal decrease of profit is not uncommon among semiconductor stocks, though.
But i think everything depends on how bullish Malaysian semiconductors stocks will be. If they are bullish, Kesm is likely to benefit from that and move up.
Moving forward, Intel now has the capability to produce up to five silicon wafers every week containing up to 26-qubit quantum chips. This achievement means that Intel has greatly increased the number of quantum devices in existence and could be looking to increase the number of qubits steadily in the coming years.
An interview with Intel's director of quantum hardware Jim Clarke reveals that the current technology being used in small scale production could eventually scale to beyond 1000 qubits. Limitations due to expansion and shrinking as a result of temperature fluctuations prevent engineers from simply expanding the number of qubits on a chip.
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....
KLCI King
3,220 posts
Posted by KLCI King > 2018-06-01 12:46 | Report Abuse
Nothing happen ¯\(-.-) /¯
KLCI King Another limit down stock tomorrow?
31/05/2018 17:28