Kesm's potential is huge.When wafer shortage is improved, their net profit will surge.

傳中國汽車進口關稅減半 | http://www.klsescreener.com/v2/news/view/371581

PHLX Semiconductor Sector was up 2.09% yesterday.

I don't believe anyone here. I just belive myself.

Singapore factory output up 5.9% in March amid strong semiconductor growth

https://www.businesstimes.com.sg/government-economy/singapore-factory-output-up-59-in-march-amid-strong-semiconductor-growth

Singapore factory output up 5.9% in March amid strong semiconductor growth
https://www.businesstimes.com.sg/government-economy/singapore-factory-output-up-59-in-march-amid-strong-semiconductor-growth

You should know that wafer acts like buffer.


When semiconductor demand increases, wafer shortage may prevent Kesm's net profit from increasing rapidly.

When semiconductor demand decreases, wafer utilisation rate will increase, so it may prevent Kesm's profit from decreasing rapidly.

That's why it is unlikely that Kesm's net profit will decrease rapidly.,,

You should know that wafer acts like buffer.


When semiconductor demand increases, wafer shortage may prevent Kesm's net profit from increasing rapidly.

When semiconductor demand decreases, wafer utilisation rate will increase, so it may prevent Kesm's profit from decreasing rapidly.

That's why it is unlikely that Kesm's net profit will decrease rapidly.

Part of the reason why wafer shortage still continues is because wafer demand has been increassing rapidly, so it is not necessarily a bad thing.

And their TP is not around 15.00, but around 20.00. No need to sell the stock at a low price.

The research house expects KESM’s utilisation rate to fall from 80% in 2QFY18 to 70% in 3QFY18F due to lower wafer supply.
Read more at https://www.thestar.com.my/business/business-news/2018/04/18/cimb-research-downgrades-kesm-to-hold-lower-target-price/#Sm1ejo0Y2d2zq8I4.99

To expect means to forecast.

Don't believe any forecasts made by economists and analysts blindly. They are not good at forecasting future events. Their jobs are analysing past events. You should know the difference.It's not that only KESM would get impacted by wafer shortage among semiconductor companies.

Recent QRs of Globetronics, Vitrox, Frontken were quite good. The next QR announcement of Kesm is likely to be good as well.

Strong demand for inspection systems lifts Vitrox earnings
https://www.thestar.com.my/business/business-news/2018/04/26/vitrox-reports-higher-q1-earnings/

Throught 2017 wafer shortage prevailed, but Kesm's net profit increased 12% YoY.

CIMB IB Research downgrades KESM, lowers target price to RM19.60
http://www.theedgemarkets.com/article/cimb-ib-research-downgrades-kesm-lowers-target-price-rm1960

半导体业务增长 提振前研科技首季净利涨25% | http://www.klsescreener.com/v2/news/view/371513

傳中國汽車進口關稅減半 | http://www.klsescreener.com/v2/news/view/371581

Higher automated board inspection demand lifts ViTrox's 1Q profit | http://www.klsescreener.com/v2/news/view/371565

Even if the next QR announcement is not good, the stock price will be able to move up as the worst scenario has been priced in.

China Rebar Price
http://www.sunsirs.com/uk/prodetail-927.html

Samsung delivers record profits on strong chip demand
https://www.ft.com/content/602a90a4-48e5-11e8-8ee8-cae73aab7ccb

Additionally, we expect higher oil prices to boost the shipments of the company’s tubular steel division, which produces steels used in oil and gas drilling activities.

Additionally, we expect higher oil prices to boost the shipments of the company’s tubular steel division, which produces steels used in oil and gas drilling activities.

Korea’s export volume index up 3.4% on yr in Mar with chips sole driver
http://m.pulsenews.co.kr/view.php?year=2018&no=264370

China stocks rally on policy easing speculation | http://www.klsescreener.com/v2/news/view/370781

Buy! Near a bottom

North Korea 'halts missile and nuclear tests', says Kim Jong-un
http://www.bbc.com/news/world-asia-43846488

North Korea 'halts missile and nuclear tests', says Kim Jong-un
http://www.bbc.com/news/world-asia-43846488

Lsteel was up 1.16%. Ssteel was down 0.52%.

Oversold

Baltic Dry Index was up 6.84% yesterday.
https://www.bloomberg.com/quote/BDIY:IND

Sunright did not get affected by the CIMB analyst at all.

The stick price is likely to surge soon.

http://www.sunsirs.com/uk/prodetail-927.html

China Rebar Price

Chinese steel prices climb after bank liquidity boost
https://www.hellenicshippingnews.com/chinese-steel-prices-climb-after-bank-liquidity-boost/

CHINA REBAR: Rising futures push up spot prices
China’s domestic rebar prices maintained their upward trend on Thursday April 19 amid big gains in the futures market.
https://www.metalbulletin.com/Article/3801552/Carbon-steel/CHINA-REBAR-Rising-futures-push-up-spot-prices.html

Sunright was up 0.62% today. Don't believe any analysts blindly.

Strong China Q1 growth supported by construction, manufacturing | http://www.klsescreener.com/v2/news/view/368521

https://agmetalminer.com/2018/04/16/aluminum-recovers-with-more-than-13-price-jump-in-a-week/

https://agmetalminer.com/2018/04/16/aluminum-recovers-with-more-than-13-price-jump-in-a-week/

FBM Small Cap Index likely to climb further, says RHB Retail Research | http://www.klsescreener.com/v2/news/view/367021

Bursa Malaysia to see slightly better trading next week http://m.thesundaily.my/node/540087

Bursa Malaysia to see slightly better trading next week http://m.thesundaily.my/node/540087

Just long Gold.

https://www.marketwatch.com/story/why-stock-investors-shouldnt-fret-a-us-missile-strike-on-syria-in-one-chart-2018-04-12

“While the human toll is immeasurable, 25 years of history shows us that the market impacts of US missile strikes have generally been small and brief,” wrote Jeffrey Kleintop, the chief global investment strategist at Charles Schwab & Co., in a LinkedIn post. He offered the following chart, which showed that in the first day after such a strike, global stocks typically decline—falling in 58% of such sessions—although the average move is just a drop of 0.2%, the kind of shift that happens almost daily.
https://www.marketwatch.com/story/why-stock-investors-shouldnt-fret-a-us-missile-strike-on-syria-in-one-chart-2018-04-12

According to Reuters, very cheap!

Price to Book (MRQ)

0.71(Kobay)

https://www.reuters.com/finance/stocks/financial-highlights/KOBA.KL

Malaysian funds sold expensive blue chips today

Global stock rally is coming. Malaysia will join it in the afternoon.