Top Glove earnings could be flattish quarter-on-quarter | http://www.klsescreener.com/v2/news/view/353287

V.S. Industry withdraws listing, quotation for 397.58m bonus shares, submits new application | http://www.klsescreener.com/v2/news/view/353679

Malaysia unfazed by US import tariffs on steel, aluminium http://m.thesundaily.my/node/531925

“As other markets, particularly the US, become more expensive, we expect investors to increasingly consider global opportunities, particularly in emerging markets, given the structural positive growth prospects and benign fundamentals.

“More broadly, we expect technology names to maintain their outperformance, although we think the market will sharpen its focus between the sub-sectors with idiosyncratic risks in mind this year,” he says.
Will the rally in emerging markets continue? | http://www.klsescreener.com/v2/news/view/352043

http://www.theedgemarkets.com/article/ringgit-snaps-threeday-drop-output-data

Ringgit snaps three-day drop before output data
http://www.theedgemarkets.com/article/ringgit-snaps-threeday-drop-output-data

Lam Research Stock Breakout Could Fuel More Buying in Semiconductor Industry

We could see a whole new wave of buying in the semiconductor space.

At least, that's based on the recent observations of TheStreet's Jim Cramer. He was watching Lam Research Corporation (LRCX - Get Report) in early Friday trading.
https://www.thestreet.com/story/14517222/1/lam-research-breakout-could-fuel-more-buying.html

Semiconductors: The New Gold Rush
https://seekingalpha.com/article/4154989-semiconductors-new-gold-rush

Chip Stocks At Record Highs Still a Bargain | Investopedia

Semiconductor stocks have soared to record highs in 2018, but still may be a bargain, according to MarketWatch. In addition to growing demand for chips, another potential boost to these stocks may be M&A activity, with 19 potential buyout targets being recently mentioned by Barron's. "I do think there's a strong fundamental story for the semiconductor sector as a whole," as Gina Sanchez, CEO of Chantico Global, told CNBC, citing forecasts of strong demand from industries such as autos and wireless communications.

https://www.investopedia.com/news/chip-stocks-record-highs-still-bargain/#ixzz59JHvAq4i
Follow us: Investopedia on Facebook

I believe High P/E of semiconductor stocks are totally acceptable as an apparently very high price of a semiconductor stock today will be vey low in a few years. The semiconductor bubble is not like the dot.com bubble. A high price of a semiconductor stock will be justified in the future.

Why do you believe analysts? I don't believe any analysts! Like economists are not good at predicting future events, analysts are not good at predicting future stock performance!

Chips are ripping higher and Dow stock Intel could see a bigger breakout
https://www.cnbc.com/2018/03/09/chips-rip-higher-and-dow-stock-intel-could-see-a-bigger-breakout.html

US semiconductor stocks break out.,

https://finance.yahoo.com/quote/%5ESOX/components/

「我们相信，过去的大笔资本支出，足以支撑近期营业额和净利的成长。」

肯纳格投行分析员则指出，科仪工业在次季重新开始加速扩產计划。首季和次季的资本支出分別为1350万令吉和3330万令吉。

「我们预测，2018財政年的资本支出將达到1亿2000万令吉。」

由于客户正积极开发可与其他车子沟通的新车款，因此，科仪工业也致力將其本地和中国的工厂升级成为「智能工厂」。

分析员瞭解到，这些「智能工厂」除了自动化，也將通过网络提供实时製造信息，这对新一代复杂汽车半导体的测试和预烧来说是不可少的。

上半年盈利分別占艾芬黄氏资本和肯纳格投行全年预测的44%和45.3%。两家投行的分析员都认为，这在意料之中，因为该公司下半年的营业额成长可能加速。

艾芬黄氏资本分析员称，「上半年盈利较少是受晶片供应短缺拖累，料下半年这个情况將好转。」

「我们相信，过去的大笔资本支出，足以支撑近期营业额和净利的成长。」

肯纳格投行分析员则指出，科仪工业在次季重新开始加速扩產计划。首季和次季的资本支出分別为1350万令吉和3330万令吉。

「我们预测，2018財政年的资本支出將达到1亿2000万令吉。」

由于客户正积极开发可与其他车子沟通的新车款，因此，科仪工业也致力將其本地和中国的工厂升级成为「智能工厂」。

分析员瞭解到，这些「智能工厂」除了自动化，也將通过网络提供实时製造信息，这对新一代复杂汽车半导体的测试和预烧来说是不可少的。

上半年盈利分別占艾芬黄氏资本和肯纳格投行全年预测的44%和45.3%。两家投行的分析员都认为，这在意料之中，因为该公司下半年的营业额成长可能加速。

艾芬黄氏资本分析员称，「上半年盈利较少是受晶片供应短缺拖累，料下半年这个情况將好转。」

On Friday Malaysian semiconductor stocks were very bullish.
MPI + 1.74%
Penta + 3.20%
Kesm +4.10%
Inari +2.26%
Unisem + 7.45%

On Friday Malaysian semiconductor stocks were very bullish.
Unisem + 7.45%
Penta + 3.20%
Kesm +4.10%
Inari +2.26%
MPI + 1.74%

On Friday Malaysian semiconductor stocks were very bullish.
Penta + 3.20%
Kesm +4.10%
Inari +2.26%
Unisem + 7.45%
MPI + 1.74%

On Friday Malaysian semiconductor stocks were very bullish.

Kesm +4.10%
Inari +2.26%
Penta + 3.20%
Unisem + 7.45%
MPI + 1.74%

On Friday Malaysian semiconductor stocks were very bullish.

Kesm +4.10%
Inari +2.26%
Penta + 3.20%
Unisem + 7.45%
MPI + 1.74%

US semiconductor stocks break out,

Sunright was up 10.11% today.

Strong momentum

US semiconductor stocks break out.,

PHLX Semiconductor (^SOX) is up 1,59% now.
https://finance.yahoo.com/quote/%5ESOX/components/

US semiconductor stocks break out.,

PHLX Semiconductor (^SOX) is up 1,59% now.
https://finance.yahoo.com/quote/%5ESOX/components/

Malaysia will prove the biggest winner from revised CPTPP, says Moody’s

http://www.theedgemarkets.com/article/malaysia-will-prove-biggest-winner-revised-cptpp-says-moodys

KUALA LUMPUR (March 9): Malaysia will prove the biggest winner from the revised Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) agreement, because the deal will provide export access into new markets, including Canada, Peru and Mexico; benefiting palm oil, rubber and electronics exporters, according to Moody’s Investors Service.

Malaysia will prove the biggest winner from revised CPTPP, says Moody’s
http://www.theedgemarkets.com/article/malaysia-will-prove-biggest-winner-revised-cptpp-says-moodys


KUALA LUMPUR (March 9): Malaysia will prove the biggest winner from the revised Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) agreement, because the deal will provide export access into new markets, including Canada, Peru and Mexico; benefiting palm oil, rubber and electronics exporters, according to Moody’s Investors Service.

Kenaga is generally very bearish on semiconductor stocks. Just check other semiconductor stocks TPs published by Kenaga. They always give the lowest TP to semiconductor stocks among other Malaysian IBs.

“We maintain our Add rating and RM22 target price, based on 13.5 times CY19F P/E, a 10% discount to the Malaysian outsourcing semiconductor assembly and test providers' mean of 15 times.
Read more at https://www.thestar.com.my/business/business-news/2018/03/09/kesm-to-post-robust-earnings-until-fy20-says-cimb-research/#QbOBpd6YtYKaYFQV.99

https://www.cnbc.com/2018/03/08/trump-says-he-still-likes-gary-cohn-might-come-back-to-the-white-house.html

Trump says he still likes Gary Cohn, might come back to the White House
Published 2 Mins Ago

KESM said demand for semiconductor is driven by new vehicle safety regulations, as well as various digital systems such as global positioning system (GPS), fuel management and driver information that are becoming standard features.
Demand for smarter cars drives up KESM profits | http://www.klsescreener.com/v2/news/view/351333

KESM 2Q results show reward from focus on automotive semiconductors | http://www.klsescreener.com/v2/news/view/351357

Kesm's P/E should be higher than P/E of Vitrox, Inari and Pentamaster. It's out look is better than their outlook.

The Group’s cash and short-term deposits improved by 7% or RM8.6 million, from RM127.6 million to 136.1 million, which represented the net surplus cash generated from operations.

KESM's revenue has been going up in 13 consecutive quarters.

Mr. Lim commented further, “We also reviewed our position in the current growth
markets and took necessary critical process steps to improve our quality and service
efficiency for our customers.”
According to industry leading research firm, the worldwide semiconductor
revenue is forecast to total US$451 billion in 2018 from US$419 billion in 2017, an
increase of 7.5 percent.
“The favorable market condition driven by improved outlook for broad increase in
automotive content will continue to spur good opportunities for KESM,” said Mr. Lim.
http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=85681&name=EA_GA_ATTACHMENTS

Mr. Sam Lim, Executive Chairman & Chief Executive Officer of KESM said, “We
enjoyed strong growth in volumes for our burn-in and test. Our customers continue to
offer more advanced devices with more functions to car manufacturers racing to
produce driverless cars.
New vehicle safety regulations require carmakers to ensure vehicle data are
more secure from remote hacking and malfunctioning, which in turn is increasing the
demand for connected cars. Various digital systems such as Global Positioning
System (GPS) tracking systems, fuel management systems and driver information
systems are becoming a standard feature not only in premium cars but in other cars
as well. These requirements are driving the demand for more semiconductors.
He added, “These changes in the car industry are creating strong demand for
automotive semiconductors and KESM’s focus on this market is rewarded by the
strong results.”

Kesm is the best semiconductor stock in Malaysia as it focuses on fast-growing automotive semiconductor. It is the best semiconductor stock to hold for a long time.
In 2018 the difference among outperformers, average performers and Underperformers is likely to widen.

Outperformers
KESM' s net profit increased 12.05% YoY.
GLOBETRONICS's net profit increased 293.26.% YoY
-----------------------------------------------------------------------
Average performers
Vitrox’s net profit increased 9.18% YoY.
Inari’s net profit increased 8.83% YoY.
MMSV’s net profit increased 7.97% YoY.
Pentamaster’s net profit increased 4.60% YoY
-----------------------------------------------------------------------
Underperformers
MPI’s net profit decreased 25.06%.
Unisem’s net profit decreased 37.62%.

Billionaires Warren Buffett and Ray Dalio agree on what to do in a volatile market
https://www.cnbc.com/2018/03/07/warren-buffett-and-ray-dalio-agree-on-what-to-do-in-a-volatile-market.html

Global semicon sales surge to US$37.6b in January 2018 | http://www.klsescreener.com/v2/news/view/350511

Malaysia's trade exports grow 17.9% to RM82b


"The main contributors to the increase were exports of electrical and electronic (E&E) products which surged by 27.1%, followed by chemicals and chemical products (23.4%), iron and steel products (60.9%), optical and scientific equipment (18%), manufactures of metal (14.8%) as well as transport equipment (32%).

iron and steel products (60.9%)

Malaysia's trade exports grow 17.9% to RM82b


"The main contributors to the increase were exports of electrical and electronic (E&E) products which surged by 27.1%, followed by chemicals and chemical products (23.4%), iron and steel products (60.9%), optical and scientific equipment (18%), manufactures of metal (14.8%) as well as transport equipment (32%).

iron and steel products (60.9%)

Malaysia's antidumping duties on steel imports are effective for five years, from February 8, 2018 to February 7, 2023,"

Malaysia's trade exports grow 17.9% to RM82b


"The main contributors to the increase were exports of electrical and electronic (E&E) products which surged by 27.1%, followed by chemicals and chemical products (23.4%), iron and steel products (60.9%), optical and scientific equipment (18%), manufactures of metal (14.8%) as well as transport equipment (32%)."

Semiconductor trends are considered to be leading indicators of technology and broader electronics demand.

Buy semiconductor stocks now!

KUALA LUMPUR (March 5): Malaysia’s January 2018 exports grew 17.9% year-on-year (y-o-y) to RM82.9 billion, fueled by stronger demand for electrical and electronic (E&E) products and commodities, which included oil palm goods and liquefied natural gas (LNG).
http://www.theedgemarkets.com/article/malaysia-january-exports-179-year-imports-116-higher?type=malaysia

Tuesday!
Inari + 5.59%
Unisem +1.95%
Pentamaster + 5.09%

Vitrox +1.14%
Kesm 0%
Vis + 3.49%
MMSV +0.66%

On Tuesday Malaysian semiconductor stocks were bullish,

MMSV +0.66%
Unisem +1.95%
Pentamaster + 5.09%
Inari + 5.59%
Vitrox +1.14%
Kesm 0%
Vis + 3.49%

On Tuesday Malaysian semiconductor stocks were bullish,

Unisem +1.95%
Pentamaster + 5.09%
Inari + 5.59%
Vitrox +1.14%
Kesm 0%
Vis + 3.49%
MMSV +0.66%

Pentamaster + 5.09%
Inari + 5.59%
Vitrox +1.14%
Kesm 0%
Unisem +1.95%
Vis + 3.49%
MMSV +0.66%

On Tuesday Malaysian semiconductor stocks were bullish.

Inari + 5.59%
Vitrox +1.14%
Pentamaster + 5.09%
Kesm 0%
Unisem +1.95%
Vis + 3.49%
MMSV +0.66%

On Tuesday Malaysian semiconductor stocks were bullish.

Vitrox +1.14%
Inari + 5.59%
Pentamaster + 5.09%
Kesm 0%
Unisem +1.95%
Vis + 3.49%
MMSV +0.66%

On Tuesday Sunright and Malaysian semiconductor stocks were bullish. Kesm should go up on Wednesday.

Sunright +2.31%
Vitrox +1.14%
Inari + 5.59%
Pentamaster + 5.09%
Kesm 0%
Unisem +1.95%
Vis + 3.49%
MMSV +0.66%