BJ is no Amazon or Ark Innovation but is on a tiny scale example

Berjaya's profits has never been there...one of the reasons is it keeps on acquiring assets every year. "Land grab". Never mind the returns be the first mover to grab market share. The moment it stops acquring you would see profits up. That is why he declared no more acquistion for now.Consolidate. Amazon had the same policy for years but it was superior to BJ in that it had fiscal discpline with its operations. Once BJ tightens its operations and rationalises it, profit would surface. Ark innovations is on the same principle.

VT has to tighten his operations and value would quickly emerge. Mulpha is in the same boat but mgmt is up to no good.

Top Glove OMG what is going on with US customs. Thought is was sorted out as management claimed. Like the head of a hydra.

well done why are you here then if you suspect it would be cancelled misery loves company

price fixing for PP has seen price rise

KYY is a typical crook. He is a one man syndicate parasiting on naive investors

Hi i3john2tan...true

auditor and consultant ?

Dnex would be better off without Ping and to focus on its technology sector. The returns on Ping would be shortlived and these fellows are venturing into a twilight industry which is not their forte. Look at its past of poorly managing the energy investment. It was this or another lamentable excuse, promises promises. Hibiscus optimised Anasuria but Dnex through Ping showed below par returns! and now it wants full bore. Clowns. Stick to your knitting. I am in this on Silterra/Chinese investment, nothing more. If not for the Chinese I would look the other way altogether as it would all come to nought as usual with dreamers who are unable to execute.

The Bank of England has distanced itself from investment in fossil fuels too following the lead of some major US banks. Look at Bumi Armada ( upstream service provider) settled with debts and cannot seem to extricate itself and if any had a hint of wishful thinking of a rosy future money would be rushed in hand over fist.

Let the Chinese guide these fellows in the wafer business as they have done with Proton. Single minded and strident and not thinly spread butter on toast.

Sorry guys for this dampener. Silterra onwards.!

only good news so far is the PP has been done so there is hope yet

@vinvin...President yet to be appointed

Hi DNEXinsider you must be a bored soul

lol

guys if you suspect it's a false dawn, move on

Norges Bank Investment Management 65,001,024 bought into Iris after ward; could have been part of Robin Tans married deal of 45 mil shares

Aberdeen must had a whiff of this news

This could be why! Politics

Exclusive: Amid shortage U.S. suppliers to Chinese chip giant SMIC struggle to get export licenses
Author: Tan KW | Publish date: Thu, 4 Mar 2021, 11:30 PM

The U.S. government has been slow to approve licenses for American companies like Lam Research and Applied Materials to sell chipmaking equipment to China semiconductor giant SMIC, several sources said, as the impact from global shortage spreads.

Licenses for U.S. suppliers to ship much of an estimated $5 billion dollars' worth of parts and components still have not come through, industry sources said, though many companies sought them soon after the company was blacklisted in December. Certain licenses have been granted, including for small numbers of expensive equipment in recent days.

As policy shifts under President Joe Biden, who took over from Donald Trump in January, U.S. government agencies led by new appointees still haven't completely decided what should be sold to Semiconductor Manufacturing International Corp, which produces chips for Qualcomm and other American companies.

The Trump administration placed SMIC on the U.S. Department of Commerce's entity list over concerns of SMIC aiding China's military.

The listing, which requires U.S. suppliers to get a license before shipping goods to SMIC, is unusual because it says most products should be granted on a case-by-case basis. However, equipment that can be used to make only the most advanced, 10 nanometer and smaller chips is likely to be denied licenses.

The administration is supposed to make decisions on license applications within a month, but follow-up questions stop the clock.

"Lam Research is still in the application process and has not yet received a response," a Fremont, California, company spokeswoman said on Wednesday.

Applied Materials' chief financial officer said in a February 18 earnings call their forecast did not assume licenses would come through. A spokesman for the Santa Clara, California based company declined further comment on the licenses this week.

SMIC did not respond to requests for comment, but the company has said it provides services solely for civilian and commercial end users and that it has no ties to the Chinese military.

Decisions on licenses have been held up as officials ask follow-up questions about applications in part to determine whether the parts or components could be diverted for use in producing items 10 nm or smaller, sources said.

Washington trade lawyer Giovanna Cinelli said many license applications have resulted in "a lot of back and forth, which has elongated the period of review."

In a statement, a Commerce Department official dismissed the possibility that curbs on SMIC could contribute to the chip shortage, noting that the shortfall was tied to older technologies while SMIC restrictions relate to leading edge technology. The statement did not address the potential impact of delays in licenses for older technology.

SMIC, the largest foundry in mainland China, is an important player in the global semiconductor supply chain, which is under pressure as pandemic lockdowns drive up demand for electronics such as laptops and phones. Last month, it said it could not meet customer demands for certain technologies and its plants have been running "fully loaded" for several quarters.

SMIC's technological capabilities lag far behind cutting-edge foundries like industry leader Taiwan Semiconductor Manufacturing Co, according to industry sources.

Companies like Applied Materials and Lam Research, two key suppliers of production equipment, submitted numerous license applications to sell to the company. The bulk have not yet been acted on, industry sources said.

A spokeswoman for Entegris, a Massachusetts company that submitted license applications to sell to SMIC, told Reuters late Wednesday that it had received its first license within the past week.

Other companies that ship to SMIC include California's KLA Corp and Axcelis Technologies in Massachusetts. A KLA spokeswoman declined to comment on licenses, and while Axcelis's CEO spoke of "uncertainty" related to its licenses on Feb. 11th, a company spokeswoman declined to provide an update.

Qualcomm, which uses the Chinese foundry to produce chips with decades-old technology, put in applications for tools SMIC needs to produce them, just in case equipment makers don't get theirs, an industry source said. But they have not come through yet, the source added.

In September, SEMI, a worldwide industry group, said in a draft letter seen by Reuters that SMIC accounts for as much as $5 billion in annual U.S. sales.

r88 you sure revel in what you do. wind these guys up ....lol

Not a good sign

@Aurora hope you are right..it would be helpful to iris' cause

Wonder who has replaced DATO’ POH YANG HONG
President & Group Managing Director,
Non-Independent Executive Director

Poh Soon Sim is the vice - chairman. All the others are executive directors.

Iris had better make the announcement soon. A headless chook at present.

Thanks Just88

hospitals have stocked up

lol

hey guys , why are we promoting other stocks here,..thought this was a kgb site. if necessary create a blog with your recommendations

RM 748 million worth of work in hand and it’s only Feb 2021. on a 6 % net profit margin that is about 14 sen in eps if all of it is undertaken in a year. Expansion is on the cards.

pied piper at play

will be a net buyer seeing the pattern under Gary

about a billon a year in debt reduction soon it would cross the Rubicon. No wonder banks are so accommodative

it's business is expected to expand 2 to 3 times..

@ kk9696 keep it up mate. you seem to know more than us in the NHS. Keep hoping

Apparently hospitals in the UK have over bought gloves just as they did with vaccines as a fallback. High glove inventory as it did not expect vaccines to be developed that quickly so they stocked up. These will eventually run out so be patient glove counters will rise again soon enough

Let us not celebrate other peoples losses; just put our case across and move on rather than ridicule. Then the enviornment would not be so toxic. Shorties need to get a life

@iswara. hang on to it based on your PE calcs and you would figure out the problem. Try DCF valuation going forward and with dimming demand lower ASP. The big boys are in multiples in revenue and here it’s decreasing ( granted with ANSELL some revenue is not consolidated but eps should reflect associate status).

crap results for a booming sector

well done Foker you are eagle eyed.

less risk elsewhere

wish you all the best

I hope this does not end up in tears

son does loads of charity in Australia on Mulpha's behalf lol

wrote similar advice in May 2020 too

chuck these shares as they are worth nothing to minorty shareholders as you dont see returns

PE is historical not applicable to growth

local OSVs given a new lease of life via Petronas. Armada may not participate

wonder ...some central banks are not supportive of fossil fuel industry eg BOE
Yinson has also become a pathetic performer although it sfinance are in good shape.

PE is historical. large companies with incremental growth suits PE analysis or DCF. PE fails in high growth companies but DCF could pick it up in revenue growth or just use the peg ratio.

i sense a pied piper. wishing all Chinese a prosperous CNY. that includes my family

spot on Weechichi

should have placed my cash elswhere.

need proactive strategy and the moment one talks of business optimisation then cost cutting comes to mind rather than growing revenue. Commentary in qtrly report was not inspring