In a note on Thursday, the research house said it sees a stronger 2HFY22, driven by production recovery in Ipoh, higher ASPs, and favourable foreign exchange movements. It raised its FY22-24 earnings per share forecasts by 2%-5%.
“We reiterate 'add', with a higher target price of RM3.90, still based on 22 times calendar year 2023 price-earnings, “ it said.
“Our top pick semiconductor companies are Inari Amerton Bhd (buy, [target price (TP)]: RM3.65) and Unisem (M) Bhd (buy, TP: RM4.07) given the group’s exposure to growing RF (radio frequency) contents in 5G smartphone usage and adoption.
Taipei, Aug. 10 (CNA) Taiwan Semiconductor Manufacturing Co. (TSMC), the world's largest contract chipmaker, reported on Wednesday a new sales record in July, up more than 6 percent from a month earlier, despite worries over growing inventory in the global semiconductor industry.
By Dinah Wisenberg Brin August 11, 2022 at 02:23 PM
The Wharton professor says “I would go 50 [basis points] and then two 25s at this particular point, to complete market expectations." Forward-looking inflation data points look better than official government inflation statistics and signal that the Federal Reserve can moderate its interest rate increases, according to Jeremy Siegel, finance professor at the University of Pennsylvania’s Wharton School.
Siegel, appearing on CNBC after the government released July’s consumer price index on Wednesday, noted that CPI data looks backward at inflation, while other information shows inflation is more moderate than the official statistics suggest.
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....