Copper Resumes Gains as China Property Measures Boost Sentiment

Metal’s rally has further to run: China Industrial Futures
UBS analysts see further tightening of copper fundamentals
https://www.bloomberg.com/news/articles/2024-05-28/copper-resumes-gains-on-china-property-boost-weaker-dollar?embedded-checkout=true

JHM Consolidation - Low Utilisation Due to Production Hiatus; Stay BUY
https://klse.i3investor.com/web/pricetarget/research/71507

China sets up third fund with $47.5 bln to boost semiconductor sector
https://www.reuters.com/technology/china-sets-up-475-bln-state-fund-boost-semiconductor-industry-2024-05-27/
Chinese chip shares rose, with the CES CN Semiconductor Index (.CSI990001), opens new tab rallying more than 3% and set to log the biggest one-day gain in more than a month

China sets up third fund with $47.5 bln to boost semiconductor sector
https://www.reuters.com/technology/china-sets-up-475-bln-state-fund-boost-semiconductor-industry-2024-05-27/
Chinese chip shares rose, with the CES CN Semiconductor Index (.CSI990001), opens new tab rallying more than 3% and set to log the biggest one-day gain in more than a month.

Chinese chip shares rose, with the CES CN Semiconductor Index (.CSI990001), opens new tab rallying more than 3% and set to log the biggest one-day gain in more than a month.

China sets up third fund with $47.5 bln to boost semiconductor sector
https://www.reuters.com/technology/china-sets-up-475-bln-state-fund-boost-semiconductor-industry-2024-05-27/

The Chinese government has launched a new national semiconductor fund, it was revealed on the 27th of May..With a capital of 344 billion yuan, it is the largest to date. As the United States strengthens its containment policy against China over semiconductors essential for artificial intelligence (AI), China is hastening to build its own supply chain in response.

China's industrial profits return to growth in April; auto sector contributed 8% in country's GDP
https://auto.economictimes.indiatimes.com/amp/news/industry/chinas-industrial-profits-return-to-growth-in-april-auto-sector-contributed-8-in-countrys-gdp/110453837

PHLX Semiconductor Index
was down 0.02percent yesterday.

https://www.marketwatch.com/investing/index/sox

KUALA LUMPUR (May 15): Shares of Malaysian glove manufacturers surged on Wednesday after the US announced a slew of major tariff hikes on a wide range of Chinese imports including medical and surgical gloves. Tariffs on rubber medical and surgical gloves will jump to 25% from 7.5% in 2026.

Following the latest analyst upgrades, MPI now has four “buy” calls with target prices ranging from RM37.70 to RM43.00, out of seven research houses covering the stock, according to Bloomberg.

https://www.thestar.com.my/business/business-news/2024/05/13/globetronics-counts-on-upgraded-capabilities

https://m.malaysiastock.biz/Blog/BlogArticle.aspx?tid=27399

TSMC’s April Sales Jump 60% on Sustained Demand for AI Chips

Results signal a recovery in the consumer electronics sector
TSMC’s board approved a cash dividend of NT$4 per share
https://www.bloomberg.com/news/articles/2024-05-10/tsmc-keeps-sales-growth-up-in-april-as-ai-drives-60-jump?embedded-checkout=true

TSMC’s April Sales Jump 60% on Sustained Demand for AI Chips

Results signal a recovery in the consumer electronics sector
TSMC’s board approved a cash dividend of NT$4 per share
https://www.bloomberg.com/news/articles/2024-05-10/tsmc-keeps-sales-growth-up-in-april-as-ai-drives-60-jump?embedded-checkout=true

TSMC’s April Sales Jump 60% on Sustained Demand for AI Chips

Results signal a recovery in the consumer electronics sector
TSMC’s board approved a cash dividend of NT$4 per share
https://www.bloomberg.com/news/articles/2024-05-10/tsmc-keeps-sales-growth-up-in-april-as-ai-drives-60-jump?embedded-checkout=true

TSMC’s April Sales Jump 60% on Sustained Demand for AI Chips

Results signal a recovery in the consumer electronics sector
TSMC’s board approved a cash dividend of NT$4 per share
https://www.bloomberg.com/news/articles/2024-05-10/tsmc-keeps-sales-growth-up-in-april-as-ai-drives-60-jump?embedded-checkout=true

Globetronics surges to one-month high as analysts project strong outlook for 2HFY2024

https://theedgemalaysia.com/node/711064

https://www.thestar.com.my/business/business-news/2024/05/08/dufu-sees-rise-in-global-semiconductor-sales-and-memory-sector

https://www.enanyang.my/%E8%B4%A2%E7%BB%8F%E6%96%B0%E9%97%BB/%E9%A9%AC%E8%82%A1%E7%89%9B%E6%B0%94%E8%A6%81%E6%8C%81%E7%BB%AD-%E6%9C%88%E5%B0%BE%E4%B8%9A%E7%BB%A9%E6%BD%AE%E6%84%88%E5%8F%91%E5%85%B3%E9%94%AE

Positive outlook for Dnex - https://www.thestar.com.my/business/business-news/2024/05/02/positive-outlook-for-dnex

https://www.gizmochina.com/2024/04/29/china-rolls-out-subsidy-scheme-to-boost-domestic-semiconductor-industry-and-counter-us-restrictions/#:~:text=News-,China%20rolls%20out%20subsidy%20scheme%20to%20boost,industry%20and%20counter%20US%20restrictions&text=Beijing

China rolls out subsidy scheme to boost domestic semiconductor industry and counter US restrictions
https://www.gizmochina.com/2024/04/29/china-rolls-out-subsidy-scheme-to-boost-domestic-semiconductor-industry-and-counter-us-restrictions/#:~:text=News-,China%20rolls%20out%20subsidy%20scheme%20to%20boost,industry%20and%20counter%20US%20restrictions&text=Beijing's%20local%20government%20has%20introduced,lessen%20reliance%20on%20foreign%20tech.

3 Chinese semiconductor firms keen to invest US$100mil in Penang
https://www.freemalaysiatoday.com/category/nation/2024/04/27/3-chinese-semiconductor-firms-keen-to-invest-us100mil-in-penang/

Malaysian chip-focused venture fund to invest in over 10 startups
https://asia.nikkei.com/Business/Startups/Malaysian-chip-focused-venture-fund-to-invest-in-over-10-startups

https://m.malaysiastock.biz/Company-Announcement.aspx?id=1555543

CEO Heng Charng Yee says the new business segment will enable Globetronics to package semiconductor chips supportive of artificial intelligence (AI) technology.
https://theedgemalaysia.com/node/708386

Analysts remain bullish on O&G sector, see oil prices rising to US$140 per barrel - https://theedgemalaysia.com/node/708770

https://theedgemalaysia.com/node/708124

'FBM KLCI may exceed 1,700 points'
https://www.nst.com.my/business/corporate/2024/03/1025462/%C2%A0fbm-klci-may-exceed-1700-points%C2%A0

How the US–China chip conflict is making way for new hubs like Malaysia and India
https://kr-asia.com/how-the-us-china-chip-conflict-is-making-way-for-new-hubs-like-malaysia-and-india

https://borneobulletin.com.bn/malaysias-semiconductor-exports-set-to-increase/

China's EV-powered auto sales rebound, refreshing quarterly high..
https://asia.nikkei.com/Business/Automobiles/China-s-EV-powered-auto-sales-rebound-refreshing-quarterly-high

Car sales accelerate in March
https://www.chinadaily.com.cn/a/202404/08/WS661350c1a31082fc043c0b3a.html

China's EV-powered auto sales rebound, refreshing quarterly high.
https://asia.nikkei.com/Business/Automobiles/China-s-EV-powered-auto-sales-rebound-refreshing-quarterly-high

China's EV-powered auto sales rebound, refreshing quarterly high
https://asia.nikkei.com/Business/Automobiles/China-s-EV-powered-auto-sales-rebound-refreshing-quarterly-high

TA Securities keeps 'overweight' on tech sector, top picks Inari, Elsoft and MPI..
https://klse.i3investor.com/web/stock/overview/0127

TA Securities keeps 'overweight' on tech sector, top picks Inari, Elsoft and MPI.
https://klse.i3investor.com/web/stock/overview/0127

TA Securities keeps 'overweight' on tech sector, top picks Inari, Elsoft and MPI
https://klse.i3investor.com/web/stock/overview/0127

https://www.thestar.com.my/business/business-news/2024/04/09/robust-sales-expected-for-technology-sector

Top picks. MPI and Unisem are the Top Picks for exposure to the sector recovery, given the exposures to the growing demand for power management integrated circuits (ICs) and diverse end applications. Besides, recovery in China’s semiconductor space following two lacklustre years will help to boost of its utilisation rate and economies of scale at their existing plants in China. They also stand to benefit from US-China trade tensions in both of their plants in Malaysia as a neutral ground, as well as from China’s self-sustaining policies.
https://klse.i3investor.com/web/blog/detail/rhbinvest/2024-04-01-story-h-184755715-Technology_Positioning_for_the_New_Upcycle_U_G_OVERWEIGHT

Samsung’s profits surge over 900% in first three months of 2024
https://www.bolnews.com/technology/2024/04/samsungs-profits-surge-over-900-in-first-three-months-of-2024/

Samsung makes strong comeback with 931% increase in Q1 earnings
https://www.koreatimes.co.kr/www/tech/2024/04/133_372169.html

February semi sales up 16.3% y-o-y
February semiconductor sales of $46.2 billion were up 16.3% on the February 2023 total of $39.7 billion but 3.1% down on January’s $47.6 billion, says the SIA.
https://www.electronicsweekly.com/news/business/838839-2024-04/

February semi sales up 16.3% y-o-y
February semiconductor sales of $46.2 billion were up 16.3% on the February 2023 total of $39.7 billion but 3.1% down on January’s $47.6 billion, says the SIA.
https://www.electronicsweekly.com/news/business/838839-2024-04/

Semiconductor sales up 16.3% to USD 46.2bn in February
The global chip market has just enjoyed its best year-on-year market growth since May 2022, says the Semiconductor Industry Association.
https://evertiq.com/news/55508

Samsung: Tech giant sees profits jump by more than 900%
Samsung Electronics says it expects its profits for the first three months of 2024 to jump more than 10-fold compared to a year earlier.

Samsung: Tech giant sees profits jump by more than 900%
https://www.bbc.com/news/business-68738046