TSMC announces the turnover every month. It is a source to track bottleneck output volume and gauge the max capacity and the how long the crunch situation persist.

Anyway, long haul investors of mid & downstream industries would ignore the short and mid term effect of the supply crunch. It is back to your investment horizon in the end.

Upstream players, Wafer & chips manufacturers will be fetching good profits next year as chips supply crunch has occurred and many tender high prices to secure their requirements. It doesn't mean downstream players would be benefited as well.

" Now, the impact of the supply crunch is spreading to consumer tech. Apple CEO Tim Cook warned last week that a limited supply of semiconductors would hurt sales of iPhones. Microsoft is struggling to make enough Xbox consoles and Surface laptops. Elon Musk told a court last month that the chip shortage meant Tesla would only be able to manufacture about half as many Powerwall home batteries as it thinks it can sell. "

https://www.google.com.vn/amp/s/www.vox.com/platform/amp/recode/2021/8/5/22611031/chip-shortage-cars-electronics-automakers-gm-tesla-playstation-xbox

Consumer electronics producers and atomative makers are fighting for chips.

Technology chips selling price won't increase like what had happened in glove sector.

No extra capacity, that would mean consumers electronic companies like Apple's turnover and earnings peaking in 6 months.

High bearer of entry in Technology sector but the sector is encountering serious shortage wafer supply. It takes more than 2 years to build extra capacity. How on earth technology companies able to increase robust turnover and earnings in year 2022?


https://techcet.com/wafer-supply-constrained-through-2024-likely/

Kau pandai dan tahu semua seluruh dunia berapa billion kali. Cukup tak?

Kua orang biasa ma. You pandai dan tahu semua lor. Cukup keh?

Talking so much about earnings peak in glove sector in last 6 months. Earnings peak of Nesdaq companies in next 6 months.

Don't laugh at glove sector. It would turn to technology sector later. Everybody will be throwing no tomorrow in the downtrend.

Apple car is the next growth driver but it will kick in 2 to 3 years later.

Technology is a gimmick to fool folks too. just like what had happened in .com bubble 2 decades ago.

There are few US companies used to be god of wealth before. It can't adopt the time changing.

Why you worship Apple like a god? Are you an American?

Shortage of chip. Lu tau Boh?

Apple Earnings
2nd Qtr 21 - US 21.7b
1st Qtr 21 - US 23.6b
4th Qtr 20 - US 28.8b
3rd Qtr 20 - US 12.7b

Microsoft Earnings
2nd Qtr 21 - US 16.5b
1st Qtr 21 - US 15.5b
4th Qtr 20 - US 15.5b
3rd Qtr 20 - US 13.9b

How far can Apple & Microsoft go? Apple & Microsoft QR have started moved into higher base since Fourth Qtr 2020. It would deliver good QR in coming Qtr. What about next?

Bursa ATE players are traded higher than the semiconductor critical equipments suppliers. Bursa tech lovers are rich.

PER
ASML - 58x
Analog Device - 40x
Broadcom - 45x
KLA - 24x
Lam Research - 22x

Bursa EMS companies are traded at PER 22x, slightly higher than the world EMS players Foxconn, Wistron and Jabil.

Foxconn - PER 17x
Wistron - PER 8x
Jabil - PER 16x

Ultra rich valuation of Bursa Technology companies in comparison to the world players like Amkor and Teradyne. Bursa OSAT companies are fetching PER 35x and ATE fly to PER exceeding 50x.

Amkor (OSAT) PER 14x
Teradyne (ATE) PER 23x

To facilitate the process, i use Investing.Com app to setup the alerts for quarterly earnings notifications.

There are too many listed entities in US market. You can go to the individual company website to view the quarterly announcements and annual reports.

Wait for hot money to get into this sector again.

Good luck!

Appealing CPO price rally and Timber business recovery story.

Bursa Technology index is falling. :(

God bless you!

Out dated name Singapore Aerospace Manufacturing (SAM) does not really reflect the existing businesses now. Semiconductor business consisted 80% of the turnover. Name suppose to be Semiconductor & Aerospace Manufacturing or Semiconductor and Automation Manufacturing.

By excluding 30 largest shareholders, 16.5 million shares is available in the market.

Shareholders : 0 to 10,000 shares - 5 million shares
Shareholders : 10,001 to 100,000 shares - 7.9 million shares
Shareholders : 100.001 to 200,000 shares - 3.6 million shares

SAM's semiconductor and equipment division :

SAM Meerkat
With its vertically integrated services and flexibility to produce equipment from High Mix–Low Volume to High Mix–High Volume requirements, SAM Meerkat is a preferred partner in Equipment Manufacturing & Integration servicing some of the world’s leading brands in Semiconductor, LED, Electronics, Renewable Energy, and Disc Drive industries.

i. Built to print equipment from customer’s OEM design and provision of Assembly Services – supported by a team of highly experienced Electro-Mechanical & Electrical Engineers capable of integrating up to 12,000 parts per machine. SAM Meerkat is also equipped with a Class 10K Cleanroom facility.

ii. Sheet Metal Fabrication – built to print enclosures, skins, and structures with sophisticated, high precision machining capabilities, complete with In- house secondary processes such as Phosphating pretreatment, Wet paint & Powder coating facilities.

iii. Design & development of customized automation solutions, offering the services of consulting & project development, design & engineering, production & assembly, and integration & service.

Mobirise
SAM Precision
SAM Precision has the capabilities in the manufacturing of high precision milling and turning parts. Our state of the art CNC machining centers comprise of 3 to 5-axis milling and up to 9-axis turning machines enable SAM Precision to manufacture and deliver high complexity and quality parts to our customers worldwide mainly in semiconductor (front end & back end), telecommunication and disk drive industry.

SAM Precision has continuously invested in new technology and competencies to support increasing product requirements and be competitive in cost and fast turnaround time.

Mobirise
SAM Tooling Technology
Focusses on built to print precision tools, dies, jigs and fixtures; modular and equipment assemblies, primarily for the Disk Drive, connectors, medical, automotive, and semiconductor industries.

Capable of fabricating various types of materials, i.e., hot/cold rolled steel (hardened stainless steel, high carbon steel, high-speed steel), engineering plastics (Delrin, PEEK, ESD), stainless steel, carbide, ceramic, titanium, etc.

Mobirise
SAM Precision (Thailand)
Focusses on built to print precision tools, dies, jigs and fixtures; modular and equipment assemblies on refurbishing or build new, primarily for the Disk Drive and semiconductor industries.

SAM's semiconductor division generated about PAT 80 million in FY2021. By excluding aerospace division, the semiconductor division fetched EPS 59 cents per share. If the market value SAM between PER 30x to 40x, the share price will be RM18 and RM24 respectively.

SAM's PER 33x in comparison with Kobay 53x. More to catch up with Kobay.

SAM shares are tightly held by institutional investors. Tickets available in the market is limited.

1. Shareholders : 0 to 10k shares - 5 million shares
2. Shareholders: 10.1k to 100k shares - 7.9 million shares
3. Shareholders: 100.1k to < 5% shares - 25.6 million

Target Price SAM in term of similar PER valuation against Dufu, Kobay and UWC.

RM 17 - PER 39x against Dufu
RM 22 - PER 50x against Kobay
RM 32 - PER 72x against UWC

Newbie8080. SAM is grouped together with Dufu, Kobay and UWC. Therefore, FV PER will be between 40x to 70x

Pang72. SAM shareholders win. Of course, we can't compare SAM with segment OSAT, ATE & EMS. SAM is categorized with Dufu, Kobay & UWC & Genetec.

A simple comparison between the segment in PER within the industry.

OSAT segment :28x to 42x
ATE segment: 51x to 81x
EMS segment : 22x

Using a simple PER metric for comparison. How SAM is being undervalued at the price 11.60.

SAM - 26x

Dufu - 39x
Kobay - 49x
UWC - 72x

SAM is a new semiconductor gem uncovered. Go! Go! Go!

SAM is the last and finally joining semiconductor bandwagon. It has been long overdue rerating.

Fabien. Thanks for the information. I used to wondering who are the SAM semiconductor customers.

SAM is perceived by the market for heavily dependent on aerospace division performance.

Kobay's about PBT 32 million whilst SAM semiconductor devision generated PBT 104 million in FY 2021 .

SAM is grossly undervalued given the current market cap 1.6b or P/E ratio 27 times. Most of the semiconductor companies traded at PER between 40 time to 70 times.

Market Cap of Semiconductor in Bursa:

Dufu - 2.4b
Genetec - 1.15b
Kobay - 1.16b
MI - 3.2b
Penta - 3.9b
UWC - 6.3b

Semiconductor, SSD & HD segment contributed 80% of turnover in FY 2021. Target Price > RM 20.

80% revenue is generated from semiconductor and automation.

Limit up?

High gearing company won't go bankrupt if the company has the ability to handle external auditor nicely for a clean audit report.

"Serba Dinamik said it had filed a civil suit for substantial damages against KPMG on the grounds of alleged professional negligence, breach of contract and breach of statutory duty. KPMG resigned as the firm’s auditor the next day, citing the legal action."

https://www.google.com.vn/amp/s/www.energyvoice.com/oilandgas/asia/333223/four-serba-dinamik-directors-quit-after-firms-suit-against-kpmg-amid-finance-probe/amp/