關稅戰敲響半導體警鐘　本地業者或因禍得福 | http://www.klsescreener.com/v2/news/view/428152

半导体销售凌厉．科技股重拾动能 http://www.sinchew.com.my/node/1791399/半导体销售凌厉．科技股重拾动能

06-Sep-2018 Insider LSQ & SONS SDN BHD (a substantial shareholder) acquired 40,000 shares on 03-Sep-2018.
06-Sep-2018 Insider DATO' LIM KIAM LAM (a substantial shareholder) acquired 40,000 shares on 03-Sep-2018.
06-Sep-2018 Insider MR LIM SIN SEONG (a substantial shareholder) acquired 40,000 shares on 03-Sep-2018.
06-Sep-2018 Insider ANN JOO CORPORATION SDN BHD (a substantial shareholder) acquired 40,000 shares on 03-Sep-2018.
06-Sep-2018 Insider LIM SENG CHEE & SONS SDN BHD (a substantial shareholder) acquired 40,000 shares on 03-Sep-2018.
06-Sep-2018 Insider MR LIM SENG CHEE (a substantial shareholder) acquired 40,000 shares on 03-Sep-2018.
06-Sep-2018 Insider LIM SIN SEONG SDN BHD (a substantial shareholder) acquired 40,000 shares on 03-Sep-2018.
06-Sep-2018 Insider MR LIM SENG QWEE (a substantial shareholder) acquired 40,000 shares on 03-Sep-2018.
06-Sep-2018 Insider MR LIM SIN SEONG (a company director) acquired 40,000 shares at 1.912 on 03-Sep-2018.
06-Sep-2018 Insider DATO' LIM KIAM LAM (a company director) acquired 40,000 shares at 1.912 on 03-Sep-2018.

Electric vehicle sales surge in UK as fuel prices rise
https://www.bbc.com/news/business-45419705

You don't need to sell any Malaysian tech stocks amid an escalating trade spat between the US and China.

As trade tension betweem the US and China intensifies, ringgit will weaken.
That's good for Malaysian tech stocks.

In other words, ringgit works as a buffer for Malaysian tech stocks amid an escalating trade spat between the US and China.

Just check how USDMYR has gone up recently.

You don't need to sell any Malaysian tech stocks amid an escalating trade spat between the US and China.
-------

As trade tension betweem the US and China intensifies, ringgit will weaken.
That's good for Malaysian tech stocks.

In other words, ringgit works as a buffer for Malaysian tech stocks amid an escalating trade spat between the US and China.

Just check how USDMYR has gone up recently.

You don't need to sell any Malaysian tech stocks amid an escalating trade spat between the US and China.

As trade tension betweem the US and China intensifies, ringgit will weaken.
That's good for Malaysian tech stocks.

In other words, ringgit works as a buffer for Malaysian tech stocks amid an escalating trade spat between the US and China.

Just check how USDMYR has gone up recently.

“Sales were up year-to-year across every major semiconductor product category and regional market, with the China and Americas markets leading the way with growth of greater than 20%,” he said.

SIA said that regionally, sales increased compared to July 2017 in China (29.4%), the Americas (20.7%), Europe (11.7%), Japan (11.5%), and Asia Pacific/All Other (5.7%).

Technology-related stocks advance on firmer global semicon sales http://www.theedgemarkets.com/article/technologyrelated-stocks-advance-firmer-global-semicon-sales

Sales per major semiconductor product category and regional market grew year-on-year, with the Americas and China leading the market, with growth rates exceeding 20%.”

Compared with July 2017, sales growth was in China (29.4%), the Americas (20.7%), Europe (11.7%), Japan (11.5%) and Asia Pacific/All others (5.7%).

全球半导体销售增长 科技股应声走高 | http://www.klsescreener.com/v2/news/view/426874

Malaysia, Singapore agree to suspend HSR until May 31, 2020

http://www.theedgemarkets.com/article/malaysia-singapore-agree-suspend-hsr-until-may-31-2020

http://www.theedgemarkets.com/article/malaysia-singapore-agree-suspend-hsr-until-may-31-2020

若以出口市场来看，中国出口强势扩张35亿令吉或37.5%，至129亿令吉居功至伟；香港和美国出口也大增80.8%和6.7%，新加坡和日本则萎缩2%和17.1%。按月计，出口在电子与电器产品、原油、棕油与棕油制品、精炼石油产品、木材与木制品和天然胶推动下，走扬9.6%或75亿令吉。

以产品区分，电子与电器产品（+23.6%）、原油（+90.1%）、天然胶（+3.3%）、木材与木制品（+0.4%）增幅最大，成功抵销液化天然气，棕油与棕油制品和精炼石油产品的38.4%、13.6%和12.3%跌幅。

7月出口强增9.4%．远超预期．中国需求涨37.5% | http://www.klsescreener.com/v2/news/view/427030

USDMYR 4.146

The Phlx semiconductor index was up 0.69% yesterday.

The Phlx semiconductor index was up 0.69% yesterday. Very bullish

Export growth to pick up in July, says RAM Ratings | http://www.klsescreener.com/v2/news/view/426578

Export growth to pick up in July, says RAM Ratings | http://www.klsescreener.com/v2/news/view/426578

Global semicon sales up 17.4% y-o-y in July to US$39.5b in July, says SIA | http://www.klsescreener.com/v2/news/view/426634

USDMYR 4.139

Aegentina Peso and Turkish Lira have been wobbling recently.
Currencies in emerging markets like ringgit are likely to wobble as well.

Give priority to highway project than ECRL — Senator | http://www.klsescreener.com/v2/news/view/426086

https://www.businesstimes.com.sg/government-economy/singapore-manufacturing-picks-up-in-august-ending-slowing-trend

Singapore manufacturing picks up in August, ending slowing trend

Electronics PMI was similarly improved, rising 0.4 point to 52.0, due to faster expansion in the key indicators of new orders, new exports, factory output, and employment. This was the sector's 25th straight month of expansion.

On the improved manufacturing and electronics PMIs, OCBC Bank's head of treasury research and strategy Selena Ling said: "This suggests that the domestic manufacturing momentum is withstanding the deterioration in the external economic environment due to the US-Sino trade war relatively well."

Singapore manufacturing picks up in August, ending slowing trend

Electronics PMI was similarly improved, rising 0.4 point to 52.0, due to faster expansion in the key indicators of new orders, new exports, factory output, and employment. This was the sector's 25th straight month of expansion.

On the improved manufacturing and electronics PMIs, OCBC Bank's head of treasury research and strategy Selena Ling said: "This suggests that the domestic manufacturing momentum is withstanding the deterioration in the external economic environment due to the US-Sino trade war relatively well."
https://www.businesstimes.com.sg/government-economy/singapore-manufacturing-picks-up-in-august-ending-slowing-trend

3 BIG themes in the long short and medium term - Corporatisation Malaysia, Trade War, SST
https://www.malaysiastock.biz/Blog/BlogArticle.aspx?tid=21494

The US - China Trade War

As one know, Malaysia is a huge trading nation in comparative to our size of economy. The Trade War between China and US, if prolonged will have impact to Malaysia and it is not easy to figure out how it works for Malaysian companies. I would think, in the shorter term, as long as Malaysian manufacturers can accommodate some of the demand shifts from Chinese to Malaysian companies, those companies will immediately benefited.

Some of these companies that would have benefited are the electronics manufacturers especially the Electronic Manufacturing Services and Precision Engineering companies. Examples of these are companies like Globetronics, KESM, Salutica.

USDMYR 4.125

Malaysia, Singapore agree to postpone High-Speed Rail project for two years: Report

Read more at https://www.channelnewsasia.com/news/asia/high-speed-rail-malaysia-singapore-agree-postpone-project-10679982

No worries. The government will start spending much more on infrastructure in two years.

https://www.cnbc.com/2018/09/03/china-markets-chinese-investors-expect-turnaround-in-stocks---survey.html

USDMYR 4.12

Othe steel stocks are not so bearish.

India Q1 GDP growth rate zooms to 8.2%, highest in over two years
https://timesofindia.indiatimes.com/business/india-business/q1-gdp-at-8-2-highest-growth-rate-in-eight-quarters/articleshow/65620799.cms

JPMorgan Sees MSCI China Rebounding 14% as Sell-off Is Overdone
https://www.bloomberg.com/news/articles/2018-08-29/jpmorgan-sees-msci-china-rebounding-14-as-sell-off-is-overdone

The article below suggests that the government will be able to start spending much more on infrastructure in two years.

---
KUALA LUMPUR (Sept 1): The Kuala Lumpur-Singapore high-speed rail (HSR) mega project will be deferred for two years without penalty to either nation, The Edge weekly reported in its Sept 3 issue.

Big Week Lifts Apple to Dow’s Top-Performing Stock
https://247wallst.com/investing/2018/09/01/big-week-lifts-apple-to-dows-top-performing-stock/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+typepad%2FRyNm+%2824%2F7+Wall+St.%29

JPMorgan Sees MSCI China Rebounding 14% as Sell-off Is Overdone
https://www.bloomberg.com/news/articles/2018-08-29/jpmorgan-sees-msci-china-rebounding-14-as-sell-off-is-overdone

Electric Car Sales Set To Accelerate As Costs Fall And Production Scales Up
https://www.forbes.com/sites/mikescott/2018/05/28/electric-car-sales-set-to-accelerate-as-costs-fall-and-production-scales-up/#ef4112a40495

Electric vehicles: the next big investment opportunity?
With climate change, Electric Vehicles might be one of the biggest investment opportunities of the century.
https://www.businesstimes.com.sg/investing-wealth/electric-vehicles-the-next-big-investment-opportunity

Electric Vehicles' Day Will Come, and It Might Come Suddenly
https://www.bloomberg.com/view/articles/2018-08-31/electric-vehicles-in-california-their-day-will-come-suddenly

The PHLX semiconductor index was up 0.58% on Friday.

Gov't received offers to build ECRL for RM10bil: Dr M
https://www.nst.com.my/news/government-public-policy/2018/08/405724/govt-received-offers-build-ecrl-rm10bil-dr-m

Win-win deal on HSR inching closer assures Malaysian Minister
https://www.icompareloan.com/resources/win-win-deal-on-hsr/

KUALA LUMPUR (Sept 1): The Kuala Lumpur-Singapore high-speed rail (HSR) mega project will be deferred for two years without penalty to either nation, The Edge weekly reported in its Sept 3 issue.

According to the report using sources, the agreement was reached “in a spirit of good neighbourliness” as Singapore recognises the strain the construction would place on Malaysia’s financial health.

The agreement will be in effect until May 31, 2020

Putrajaya could have ended up paying RM500 million in penalties to the Lion City if the RM110 billion KL-Spore HSR project was scrapped.

“It is worth noting that the legally binding agreement between the two nations for the project, signed in 2016, contains no provisions for such a postponement,” wrote The Edge.

Talking to the business weekly in May during his first press interview after he was appointed prime minister for the second time, Tun Dr Mahathir Mohamad said: “The terms of agreement (for the HSR) are such that if we decide to drop the project, it will cost us a lot of money. We have entered into an agreement with Singapore.

“If we break the agreement, we have to pay a very large sum of money. So, we are going to find out how we can reduce the amount of money we have to pay for breaking the agreement.”

Economic Affairs Minister Datuk Seri Azmin Ali led a Malaysian a team to negotiate the agreement a few days ago.

He held meetings with Singapore Transport Minister Khaw Boon Wan and the republic’s Foreign Minister Dr Vivian Balakrishnan.

“We are inching closer towards a win-win deal on HSR, thanks to the hardwork (sic) of officials from both sides,” Azmin said in a tweet on Aug 30.

Earlier last month, Azmin also said that privatisation of the HSR project is not among the options presented to the Singapore government.

"What I did was to explain the current economic situation and condition prevailing in Malaysia," Azmin said.

"Our priority is to reduce the government's expenditure, not increase our borrowings. The (Singapore) transport minister expressed appreciation over our predicament (which is) to cancel the project or defer it. Privatisation is not an offer."

Even Deputy Defence Minister Liew Chin Tong commented on the issue about a week ago, saying both the HSR and the East Coast Rail Link (ECRL) projects cost too much and mean very little to Malaysia in terms of connectivity and regional strategy.

Liew expressed doubts about the HSR’s viability, noting that the passenger-only link between Kuala Lumpur and Singapore would never generate the sort of traffic enjoyed between Beijing and Shanghai.

"I have doubts if HSR can even generate income to pay for operations, not to mention to have returns on investments."
https://www.edgeprop.my/content/1419195/report-malaysia-singapore-hsr-deferred-two-years

When to hit the bottom is unpredictable. According to your data, it has oscillated between 0.63-4.06. The average of the max and min values is 2.345. The current price is 1.93. As it is the below the average, I think it is not disappointing to buy the stock at the current price. If you can hold it for some time, it is likely that you will get profit.

Not dangerous. Not only MA Steel, but also many Malaysian steel stocks have plaunged. Steel will be needed more in the future as Malaysia develops.

Win-win deal on HSR inching closer assures Malaysian Minister
https://www.icompareloan.com/resources/win-win-deal-on-hsr/

I don't want to buy any consumer stocks in the rest of 2018 as I feel their peaks are over.