KWAP is a long term buyer... think about the forward PE, next year or the year after...
once things improved between US and China...and their revenue and profit will be at record again...so just have to have patience

dont just look at PE now.. look or thin kabout the forward PE, next year or the year after...
once things improved between US and China...and their revenue and profit will be at record again..and the PE will be very low again.

Sunright sudah mahu jalan atas atas...
Some tech stock in sgx like aem already doubled from this year low..
So jgn tak try ...nasib di tangan anda sendiri

Yes , kesm & sunright both up...a bit

Semicon has rebounded...dont miss..

https://www.theedgemarkets.com/article/global-semicon-sales-82-qoq-3q19-us1067b-says-sia

KUALA LUMPUR (Nov 4): Worldwide sales of semiconductors rose 8.2% quarter-on-quarter to US$106.7 billion during the third quarter of 2019 (3Q19), according to the US-based Semiconductor Industry Association (SIA).

yes, recent news on trade between china and US, should be positive for kesm and sunright which are in the tech or semiconductor sector

Good news for all tech..including kesm..
Nasdaq at highest level..
https://www.thestar.com.my/business/business-news/2019/11/02/sp-500-nasdaq-set-records-on-jobs-data-trade-headway

There cld be higher demand in automotive sector after they restock in anticipation for next year recovery..

next year cld see more orders from the auto chips maker...once the uncertainty is removed...
the worse of trade war shld be over..

trump and xi will sign the agreement for phase 1 deal..next month..

Trump says 'phase 1' China trade pact on track for November.

Worse of the trade war is over.. when vice premier liu shake donald duck hand at whitehouse...
so its a strong confirmation that the bottom has been reach..
Now it is starting to change course to go higher..

relaks relaks...
show just starting...
dont forget its forgotten parent also...sunright..

relax...no big fund will dispose at the lowest price, when it use to be $18..unless they want to lose big time....
next year, the trade war could be concluded, their order will rise & guess what the price will be ? $xx..

Trump says the US has come to a substantial phase one deal with China..

I think the lowest or worst for kesm is already over...and with the trade deal or trade war over, it cld see substantial upgrade or jump upwards..

yup, it is also deep discount... lelong price...
but if u can keep/hold 3 to 5 years maybe u will be able to see the "future" price...

can "look and see" the parent sunright too... still cheap...

I guess the key to kesm share price success in the shorter term wld be if trump and xi agree for a deal.. or if trump is gone...
Trump currently is facing impeachment..
So that is great news

Like this video:

https://youtu.be/fogDHdf0RqQ

KESM Industries Bhd
(Sept 20, RM7.23)
Maintain hold with a higher target price of RM7: KESM Industries Bhd’s financial year ended July 31, 2019 (FY19) core earnings collapsed 76% year-on-year (y-o-y) largely due to the ongoing inventory correction.

 
However, there was a strong earnings improvement in the fourth quarter ended July 31, 2019 (4QFY19), albeit off a low base, and this could signal that its weak earnings momentum has bottomed.

We have modelled for a further earnings recovery in FY20, projecting a growth of 127%, although profits are not expected to reach its previous peak in FY17, at least over the next three financial years.

KESM reported a strong set of 4QFY19 results that was above expectations. The surprise was largely driven by better-than-expected margins during the quarter.

Core net profit for the quarter jumped 738% quarter-on-quarter (q-o-q), albeit from a low base, largely due to margin improvement.

The 4QFY19 earnings before interest, taxes, depreciation and amortisation (Ebitda) margin jumped 2.1 percentage points (ppts) q-o-q as product mix improved, a likely result from lower electronic manufacturing services (EMS) work while the proportion of revenue generated from its burn-in and test increased.

Management has guided for a progressive recovery barring any escalation of trade tensions and the global macro slowdown, in line with our current FY20 forecast.

We made some slight adjustments to our FY20 to FY22 earnings per share post the results.

FY19 core earnings declined 76% y-o-y, but dividend per share (DPS) pleasantly surprises FY19 core earnings contracted by a sharp 76% y-o-y to RM9 million although revenue only fell 12% y-o-y.

This was largely due to the loss of operational leverage and hence a collapse in Ebitda margins (-6.9ppts y-o-y).

The unfavourable shift in revenue mix towards the lower-margin EMS work had also partially buffered the revenue decline, while negatively impacting margins.

Despite the weaker set of results, management announced a FY19 DPS of nine sen, or a payout of 62%, above its historical range of 10% to 31%.

Amid the inventory correction that KESM is facing, we believe the company remains well managed, as reflected by its healthy quarterly performance and net cash position.

We remain positive about the company’s long-term prospects as the company is well positioned as a captive burn-in and test provider for the automotive industry.

Key downside/upside risks include a loss/gain of customers and a reduction/gain in outsourcing opportunities. — Affin Hwang Capital, Sept 20

Well the 2% is the 1 year trade war impacted profit margin in 2019.. this of course is low..as they have to juggle lower orders/profit and reduce the expenses.
from 2014 to 2018 profit margin are around 13% to 15%..
So once the situation normalised depends on trump and Xi, it will be back to usual..
So but once back to normal, share price wont be this low..

Anyone can make the test machine actually..The test machines are produce by the parent sunright and also from several other brand..
Nowadays the big mnc outsource their burn in test to other companies, thats where kesm & others comes in..
This save them the cost to buy the machine and need to maintain salaried staff to do the tasks.
Right now, the mnc is affected by trade war, hence their orders are lower...hence , once their order improve after trade war over, kesm will be cash generating cow again, like previously making good profit of 80 sen to $1 a year.. once that happen the share then wont be this low.

In good times kesm will be a cash cow , you see now the company also sitting on few hundred million of cash..
It has also increasing dividend every few years..

Look at penta, its doing test machine just like kesm...
Penta is the wonder boy and best of class..
So kesm shld try to adopt similar good mgmt like penta or get some of penta customers..maybe it shld try approach intel, micron, broadcom, etc

These customers are mnc's .. they can afford to pay millions for its test and burn in services..

I think kesm is cheap enough now.. once this trade war is over , and it earnings back to 80sen to $1 per year, the stock will go back to previous high $20..
But now just have to wait..

well,someone have to study, why china/american companies have choose to move to vietnam and not msia..

then only we can know why we cant be like a tiger economy like in the 90s..

vietnamese factories & the workers in general are young, willing to work hard- double shifts, and also dont mind to get lower pay...

u see now, a lot of companies from china are moving to vietnam and thailand...
they didnt move their base to msia as there is no incentive for them to do so...
msia not doing enough to benefit from the US china trade war...
we cant just cakap-cakap inside but have nothing to offer and dont reach out to these mnc from CHina to move here..t

msia shld go all out and attract/help/encourage those americans/china company that move their operations from china to vietnam, and give them incentives to move to msia instead...
otherwise vietnam is increasingly looking like msia in 90s, and it will be the next tiger economy, and msia, and others like sg,indo will be left behind and become a slow economy..

I remember ckearly what tun M did in the elections..
He didnt just sit there and shake leg..
He go around all of msia giving speech on the previous regime wrong doing such as 1mdb etc and gettin support for the new pakatan coalition..
Without him i think pakatan will have no chance to win..
And now he is doing such a good job.. whole world seeing him and once again msia name is good in the eyes of the world..
So let him finish his job..
Now only the liwat fella and gang making noise.. most of the ppl dont want see sudden change which can again destabilised the country

I think we mostly vote for tun M in previous election
So he shld be Pm for 1 term..
Next PM must show he can win elections by winning the next elections

i think Tun M is still the best to hold the job..
as the rest are not up to standard.

This counter now one of the best..
New product line coming...to production and large cash hoard...

if sunright privatised this kesm.. or someone else, its good for them, as kesm can make good profit..once trump and Xi , end the trade wars...and the company is cash rich...
half the share price is supported by cash.

1)Kenanga upgraded kesm in June....due to new product line (ref below)
2)In July - Donald and Xi resumed talk session.. this are the 2 catalyst...

"The group is currently working on new product qualifications for end-products such as car cameras and sensors for park-assist," it said. - Kenanga

"Many of these product innovation has completed their design and verification and extensive product qualifications which has been carried out for our customers in the last 12 months.
"These newer products will require imminent placement of production capacity". - KESM

penta is a super counter..super company..
so lets hope kesm can be like that also

if u take both KESM+sunright the total cash is around RM 270 million..
sunright which is the parent is only trading at 39 cents in SGX..
the price of sunright also at low level

once the earnings improved in 2020, it can jump back to the previous high...
previously the high is $18++...
so now is definately at the low level..

Shareinvestor88 must be already screw loose in the head...
Thats why whole year he has been a "hamkachan"....and sounds retarded...

All the world large tech company like intel , micron etc all going up this past week...

KESM

KESM good ah...?

They are also focusing on new product.

"The group is currently working on new product qualifications for end-products such as car cameras and sensors for park-assist," it said. - Kenanga

"Many of these product innovation has completed their design and verification and extensive product qualifications which has been carried out for our customers in the last 12 months.
"These newer products will require imminent placement of production capacity". - KESM

I think it will be easy case for kwap to push it up to $10 to $20 once the company can make profit like it use to be...
There is just the short term trade war impact..
Long term ppl will still use the microchips , robotics and also now self driving car...

they say, 2020 is the recovery year for tech.
but now some counter like datasonic already up more than 60%.. as stocks usually move ahead of time.

most ppl bought ytlland is holding long term...in hope that the prime land in sentul can be realised its value..
but now its eaten up cheap...so i pity those shareholders who all this while stick with the company

S&P 500 closes at new record as chipmakers get a boost from US-China trade truce

U.S. stocks rose on Monday after the U.S. and China agreed to hold off on slapping additional tariffs on their products in an effort to resume trade talks.

The S&P 500 jumped 0.8% to 2,964.33, a record closing high. The broad index also reached an intraday record of 2,977.93. The Dow Jones Industrial Average gained 117.47 points, or 0.4%, to end the day at 26,717.43 as Nike and Apple outperformed. The Nasdaq Composite jumped 1.1% to 8,091.16 and posted a four-day winning streak.

Chipmaker shares rose broadly. Skyworks Solutions gained 6% while Micron Technology advanced 3.9%. Shares of Qualcomm and Broadcom climbed 1.9% and 4.3%, respectively. Tech giant Apple also rose 1.8%.

Minority can group and vote against this robbery

MPI + 57 sen
Penta + 12 sen
INARI + 10 sen
DSONIC +6 sen...

KESM shld show its power later today...! yo!

all tech countrers naik, due to Trump and Xi has a truce...and continue negotiations.
rebound play...

KESM

msia must look at vietnam

why vietnam can grow at ~7% & there is no video of some politicians flying around...

well it's a sad end to the shareholders...after many years..

ytlland shld be worth much more, look at their land in sentul east, etc... huge plots of land..

unless minority can form a group to object the deal, its gameover.


PS. I dont have any ylland shares, just giving my view.

Old dying tiger

flying cars is good, if its done by tesla..
tesla is building a submarine<->car

the world is a very different place than in the 80s to 90s, where msia is know as one of the asian tiger economies..

the world economy/trade is now largely dominated by China and USA.

Back then in the asian tiger days its dominated by asia together with japan, and they are selling/exporting goods to USA. USA embrace globalization and setup factories in Asia and asia prosper.

After the giant china came into pictire and open their economy, many factories in asia shutdown and relocated to china.
uAnd now its largely China supplying to USA.. and USA is trying to impose tariff as China and the world,as they are seen as taking away jobs from americans.

So many factories in china could shut down and relocated to Vietnam.

so what model should msia deploy now, amidst trade wars and how can msia be great again? Old ways may not work anymore.