Stocks across the globe fell on Wednesday as U.S. President Donald Trump taunted Russia for supporting Syria's president after a suspected chemical attack on rebels, while oil hit its highest since 2014 after Saudi Arabia said it intercepted a missile over Riyadh, according to Reuters.


As for the Malaysian market the conflict will be offset by the rise of oil price, so i don't think it will be bearish.//

Brent crude oil USD 72.06

Stocks across the globe fell on Wednesday as U.S. President Donald Trump taunted Russia for supporting Syria's president after a suspected chemical attack on rebels, while oil hit its highest since 2014 after Saudi Arabia said it intercepted a missile over Riyadh, according to Reuters.


As for the Malaysian market the conflict will be offset by the rise of oil price, so i don't think it will be bearish.

Small cap stocks continue to lift Bursa Malaysia http://m.thesundaily.my/node/539393

Small cap stocks continue to lift Bursa Malaysia http://m.thesundaily.my/node/539393

Immediate hurdle for FBM Small Cap Index at 15,000, says AllianceDBS Research | http://www.klsescreener.com/v2/news/view/365139

Immediate hurdle for FBM Small Cap Index at 15,000, says AllianceDBS Research | http://www.klsescreener.com/v2/news/view/365139

Trump's tweets of today

Donald J. Trump
‏
Very thankful for President Xi of China’s kind words on tariffs and automobile barriers...also, his enlightenment on intellectual property and technology transfers. We will make great progress together!

So much Fake News about what is going on in the White House. Very calm and calculated with a big focus on open and fair trade with China, the coming North Korea meeting and, of course, the vicious gas attack in Syria. Feels great to have Bolton & Larry K on board. I (we) are

American companies in China have ‘much at stake’ | http://www.klsescreener.com/v2/news/view/365195

Immediate hurdle for FBM Small Cap Index at 15,000, says AllianceDBS Research | http://www.klsescreener.com/v2/news/view/365139

https://www.wsj.com/articles/copper-climbs-as-trade-worries-abate-1523375429

At first most people thought the US and China would end up with a lose-lose situation. But for Kesm things have already turned out to be a win-win situation. Haha

Kesm is in a very good position.

1. China cuts tax rates for chipmakers amid trade tensions
https://www.reuters.com/article/us-china-semiconductors-taxbreaks/china-cuts-tax-rates-for-chipmakers-amid-trade-tensions-idUSKBN1H60JM

KESM has a subsidiary in China. Kesm is likely to benefit from that.

2. The US has already reduced the corporate tax rate. ->
Kesm has business dealings with virtually all the American semiconductor manufacturers. Kesm is likely to benefit from that.

3. China's Xi Jinping says tariffs on car imports will be cut this year. -> Kesm has business dealings with virtually all the American semiconductor manufacturers. Kesm is likely to benefit from that.

Chinese President Xi Jinping pledged on Tuesday (Apr 10) to lower car tariffs this year and take other steps to further open the world's number two economy, indirectly addressing major complaints by the United States in a simmering trade row.
https://www.bloomberg.com/news/articles/2018-04-09/xi-set-for-landmark-economic-speech-as-trump-trade-fight-simmers

Buy automotive semiconductor stocks like KESM or MPI.

Chinese President Xi Jinping pledged on Tuesday (Apr 10) to lower car tariffs this year and take other steps to further open the world's number two economy, indirectly addressing major complaints by the United States in a simmering trade row.

-------->

Buy automotive semiconductor stocks like KESM or MPI.

Chinese President Xi Jinping pledged on Tuesday (Apr 10) to lower car tariffs this year and take other steps to further open the world's number two economy, indirectly addressing major complaints by the United States in a simmering trade row. -------->

Buy automotive semiconductor stocks like KESM or MPI.

Chinese President Xi Jinping pledged on Tuesday (Apr 10) to lower car tariffs this year and take other steps to further open the world's number two economy, indirectly addressing major complaints by the United States in a simmering trade row. -------->

Buy automotive semiconductor stocks like KESM.

Today semiconductor stocks were bullish. You need to follow the movement of other semiconductor stocks, not strangers here giving negative sentiment because strangers here can influence the stock price only for a short time.

Today's semiconductor stocks
Vitrov +4.76%
Inari +3.04%
Pentamaster +10.05%
Unisem + 2,16&
MMSV + 2,54%
MPI + 1.49%
Elsoft + 3.48%
Visdynamics +7.69%
Inai + 3.04%
Sunright was up +3.87%.
Kesm - 0.67%

Today's semiconductor stocks
Pentamaster +10.05%
Vitrov +4.76%
Inari +3.04%
Unisem + 2,16&
MMSV + 2,54%
MPI + 1.49%
Elsoft + 3.48%
Visdynamics +7.69%
Inai + 3.04%
Kesm -0.67%

World’s largest independent ‘burn-in and test’ service provider.
Sunright provides semiconductor burn-in, testing and electronic
manufacturing (BIT&EM) services and distributes electronic products. In
Malaysia, BIT&EM services are provided by its 48% owned Bursa listed
KESM Industries

Today's semiconductor stocks

Inari +3.04%
Vitrov +4.76%
Pentamaster +10.05%
Unisem + 2,16&
MMSV + 2,54%
MPI + 1.49%
Elsoft + 3.48%
Visdynamics +7.69%
Inai + 3.04%
Kesm -0.67%

Today's semiconductor stocks
------------

Vitrov +4.76%
Inari +3.04%
Pentamaster +10.05%
Unisem + 2,16&
MMSV + 2,54%
MPI + 1.49%
Elsoft + 3.48%
Visdynamics +7.69%
Inai + 3.04%
Kesm -0.67%

There is nothing wrong with Kesm. Buy. A Malaysian fund bought Kesm recently.

CIMB Research does not expect the appreciation in ringgit against US$ to bring material earnings impact to KESM, given that the majority of its transactions are in ringgit.
https://www.thestar.com.my/business/business-news/2018/03/09/kesm-to-post-robust-earnings-until-fy20-says-cimb-research/#YWVdgFYPsTqk3mgB.99

“However, we see minimal re-rating catalysts for Inari in the next three to six months due to earnings pressure from ringgit's appreciation. We advocate to switch to KESM,” it said.
https://www.thestar.com.my/business/business-news/2018/03/01/inari-amertron-on-multi-year-earnings-growth-says-cimb-research/#JySLhc084YIXp1R6.99

Today Sunright was up +3.87%.

Today semiconductor stocks were bullish. You need to follow the movement of other semiconductor stocks, not strangers here.giving negative sentiment

Today's semiconductor stocks
Vitrov +4.76%
Inari +3.04%
Pentamaster +10.05%
Unisem + 2,16&
MMSV + 2,54%
MPI + 1.49%
Elsoft + 3.48%
Visdynamics +7.69%
Inai + 3.04%
Kesm -0.67%

Too low P/E. You will never regret buying the stock at the very low price.

REPUBLICANS WARN TRUMP COULD BE IMPEACHED IF DEMOCRATS WIN THE MIDTERM ELECTIONS
http://www.newsweek.com/republicans-warn-trump-could-be-impeached-if-democrats-win-midterm-elections-876551

Republicans Are Warning Voters That Trump Could Be Impeached if Democrats Win 2018 Elections (read the news)

Buying opportunity in tech sector?
https://www.thestar.com.my/business/business-news/2018/04/07/buying-opportunity-in-tech-sector/

It pointed out that both Malaysian Pacific Industries (MPI Hold, TP: RM10.80) and Unisem (Add, TP: RM3.60) have manufacturing facilities in China.

CIMB said that “We understand that the operations in China contributed approximately 25%-30% of MPI and Unisem’s total revenue in FY17.”

CIMB added that “However, both companies do not expect to see material impact from the tariff hike at this juncture, as they have diversified customer locations globally.”

CIMB said that “Moreover, we also learned that some of the customers are looking to reroute product shipment volumes to other distribution hubs in order to mitigate the impact from the US tariff hike. We currently have a Neutral rating on the Malaysian semiconductor sector.”

Outperformers
GLOBETRONICS's net profit increased 293.26.% YoY
KESM' s net profit increased 12.05% 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%.

Corporate income tax cut in the US has started in 2018.

If a stock's net profit grows with 5% more than three years, P/E around 17 would be appropriate.

If a stock's net profit grows with 10% more than three years, P/E around 20 would be appropriate.

Its PE is too low.

中美貿易爭端　信用風險上升 | http://www.klsescreener.com/v2/news/view/363443

A trade war has not started yet. You don't need to worry so much. The current price is based on the asuumption that a trade war will take place in the future.

中美貿易爭端　信用風險上升 | http://www.klsescreener.com/v2/news/view/363443

It's becoming childish: Experts say Trump’s tirades are all bluff

A Bluff
“I continue to believe the trade war won’t happen in the end. I think it’s more like bluffing. That’s typical Trump. I read one of his books and he said he’d always act unpredictable before negotiation so he could get more bargaining power,” said Kenny Wen, strategist at Everbright Sun Hung Kai Co.

“No date has been fixed on this. It’s a complete bluff ahead of the negotiations," Norihiro Fujito, a senior strategist at Mitsubishi UFJ Morgan Stanley Securities ..

Asean Favor
“We expect Asean markets -- in particular Singapore and Thailand -- to continue to outperform due to to their low listed equities revenue sensitivity to the U.S.,” said Jonathan Garner, strategist at Morgan Stanley.

Greed and Fear
"Be greedy when others are fearful," as there are many value stocks to pick such uncertain times, said Aaron Oh, Singapore-based investment analyst at Aggregate Asset Management in Singapore. Fund in focused on buying stocks in Thailand, Singapore and Malaysia amid the trade war led uncertainty, Oh added.

Read more at:
//economictimes.indiatimes.com/articleshow/63647209.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Trade spat with China will end in a ‘pot of gold’, White House economic adviser predicts
https://www.independent.co.uk/news/world/americas/us-politics/us-china-trade-war-tariffs-white-house-adviser-economics-a8290866.html

https://www.marketwatch.com/story/kudlow-sees-pot-of-gold-resulting-from-us-china-trade-dispute-2018-04-04?link=TD_marketwatch_home_page.83461b39d1bfc251&utm_source=marketwatch_home_page.83461b39d1bfc251&utm_campaign=circular&utm_medium=MARKETWATCH

This year Trump will have much more impact in the stock market.

Trump vs. GE14 is like serial killer vs. pickpocket

Haha

Markets shouldn't worry because Trump's trade policy is really 'speak harshly but carry a small stick': Citigroup
Citi Research said the trade tariff announcements aren't as hostile as they appear.
"We find the latest salvoes in US-China trade coming on the eve of an increasing probability of an agreement on NAFTA as the latest twist in a now familiar pattern of the Trump Administration regarding trade: speak harshly but carry a small stick," the firm's analyst writes.
https://www.cnbc.com/2018/04/06/markets-shouldnt-worry-because-trumps-trade-policy-is-really-speak-harshly-but-carry-a-small-stick-citigroup.html

US dollar index is up. Trade war fear diminished.

Here's how we'll know when it's an actual trade war
https://www.cnbc.com/2018/04/05/heres-how-well-know-when-its-an-actual-trade-war.html

Samsung Electronics tips record first-quarter profit, beating expectations

SEMICONDUCTOR SUPERCYCLE

https://www.channelnewsasia.com/news/business/samsung-electronics-tips-record-first-quarter-profit--beating-expectations-10109818

Samsung Electronics tips record first-quarter profit, beating expectations

Samsung Electronics tips record first-quarter profit, beating expectations
Read more at https://www.channelnewsasia.com/news/business/samsung-electronics-tips-record-first-quarter-profit--beating-expectations-10109818

Semiconductor supercycle

Samsung Electronics tips record first-quarter profit, beating expectations
Read more at https://www.channelnewsasia.com/news/business/samsung-electronics-tips-record-first-quarter-profit--beating-expectations-10109818

Republicans Warn Trump a Trade War Risks Party’s Chances in November
http://www.ttnews.com/articles/republicans-warn-trump-trade-war-risks-partys-chances-november


Wow

Republicans Warn Trump a Trade War Risks Party’s Chances in November
http://www.ttnews.com/articles/republicans-warn-trump-trade-war-risks-partys-chances-november

The outlook of tech stocks is still good.

http://www.sinchew.com.my/node/1742653