Mi is one of the abundant stock by EMPLOYEES PROVIDENT FUND BOARD. It wont go far...earlier it went up to 5.5 in history....that was pushed by employees provident fund. small fishes like us can push it back to 5.5? push to 1.5 and stay there also question mark ????
its getting so personal that i felt so cringe that ur investment strategy is to go against me. **as a reminder again** the fact i stated is like 4month ago. 4 FREKING MONTHS. in 4 month alot can change. maybe their internal management gets better. maybe not. u earn ? good for you. and you want to debate me now? after 4 month? is just make no sense.
For the past 2Q, they reported Forex gain which helps Thier bottomline. With strengthening of RM against USD, it might be reverse now. The Upcoming Q will not be rosy especially there is not much change in the underlying businesses environment. In fact, the Ningbo plant operation will be further delayed with no target date in sight
PETALING JAYA: Global sales of total semiconductor manufacturing equipment by original equipment manufacturers are forecast to reach a new high of US$108.5bil in 2022, according to US-based Semiconductor Equipment Manufacturers Industry (SEMI).
The forecast is 5.9% higher than the previous industry record of US$102.5bil in 2021.
SEMI said the record high caps three consecutive years of record revenue.
The global total semiconductor manufacturing equipment market is expected to contract to US$91.2bil next year before rebounding in 2024 driven by both the front-end and back-end segments.
“Record fab constructions have driven total semiconductor manufacturing equipment sales to cross the US$100bil mark for a second straight year,” SEMI president and CEO Ajit Manocha said in a statement.
“Emerging applications in multiple markets have set expectations for significant semiconductor industry growth this decade, which will necessitate further investments to expand production capacity.” SEMI said the wafer fab equipment segment, which includes wafer processing, fab facilities, and mask/reticle equipment, is projected to expand 8.3% to a new industry record of US$94.8bil in 2022, followed by a 16.8% contraction to US$78.8bil in 2023 billion before rebounding 17.2% to US$92.4bil in 2024.
They still need us and the rest of the world. Biden is just continuing Trump's Make America Great Again policies but will only harm them more than help them. America can't produce as cheaply as other parts of the world. TSMC USA is just a wayang for Biden's voters
Micron retrenching 10% of their workforce citing weaker PC demand. If not mistaken, Micron is one of MI SMBU customer. Also, China covid case on the rise and it is not looking good. The death rate has increase exponentially and those phot showing the amount of undealt coffin is worrying. They already run out of medicine for flu fever & cough. This is not CNY yet. It is extremely scary. I think the Ningbo plant will be further delayed with no target date on sight.
based on TA, if it can break 1.38 then got hope. else just down trend all the way, and if 1.38 breakthrough, ~1.55 is the main resistance to break. it has reach ~1.55 since JUN, and failed (end of JUN, end of JULY and end of NOV)
hopefully next year it can break through so that other come online and bash me for mabuk talk. hehe
many tech already recover and going back to their old high price... mi old high price is 5.5....today..the price is 1.5.....still very very far.... better use the fund to park at other potential stock first...once mi active back...we comes back... smart ppl know how to flow the cash....
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....