MPI registered another record breaking 4QFY21 CNP of RM75.1m (+53% YoY; +1% QoQ), bringing FY21 CNP to RM271.8m (+78% YoY) which made up 107%/105% of our/consensus full-year estimates. With robust demand for chips in data centres and the automotive space, we believe the group is poised for another record year in FY22. Maintain OUTPERFORM with a higher Target Price of RM56.20.
Above expectation. MPI charted yet another record-breaking quarter as 4QFY21 CNP of RM75.1m (+53% YoY; +1% QoQ) brings FY21 CNP to an all-time high of RM271.8m (+78% YoY), exceeding our and consensus full-year forecast by 7% and 5%, respectively.
Results’ highlight. QoQ, despite being limited to 60% workforce during the MCO 3.0 period, MPI managed to extend its record breaking streak to mark its sixth consecutive QoQ growth as 4QFY21 CNP inched 1% higher to RM75.1m.
Malaysia lockdown had alert China don't rely only on Malaysia, now all car production experienced chips slowdown, thus, China already starting ramping up all chips production industry line, soon Malaysia no longer competitive in such fanomanou environment.
1. >300m spent in capex in the past 6mths; 100% production capacity going fwd. 2. Carsem suzhou's 50k sq ft expansion plant completed early, may see some contributions in sept, if not q4. 3. Ipoh site 70k sq ft expansion underway, contributions coming in q4? 4. New china factory in 2022. 5. Acquisitions of module/design house to expand further.
You buy Bitcoin individually. No one distributes Bitcoin using a license. That is the purpose of DeFi. No central bank to control Bitcoin reserves. Just a bunch of computers monitoring and logging every Bitcoin transaction. That is the beauty of crypto. Unfortunately, most people only realised it this year. Will crypto bull run affect the stock market? Big fat yes.
theme.play on KLSE is getting more specific n focus. the real McCoy is
EV.CAR.MATERIAL.THEME.PLAY
Position well for the EV.ECONOMY that is just starting at its infant stage. This huge wave is expected to be as good as the IPHONE.ECONOMY that began in 2005 n still growing strongly till today.
Stocks extended gains Thursday morning, as investors cheered the Federal Reserve's latest signals on monetary policy, which suggested the central bank was warming to a near-term policy adjustment as the economy improved further.
Traders also eyed developments on China Evergrande (3333.HK), which faces an about $84 million interest payment for foreign bondholders on Thursday, in one of a string of liabilities coming due for the debt-ridden Chinese property giant as it tries to avert a default. The stock rallied 17% on the Hong Kong Stock Exchange after the company said it agreed to settle interest payments for an onshore note on Wednesday, even as the fate of its offshore payments hang in balance.
RECHARGEABLE BATTERY will be the largest biz in our world. Tech stocks in its power mgmt will do very well too.
Prof Dyson is 1st to sell vacuum cleaner using rechargeable battery. Its price is super high, 10 X the regular type n yet the demand is so good. this is unbelievable world we r all into.
Huge endless demand is coming from: EV n ES simultaneously for solar n wind Energies Storage. Drones, phones n all the Consumer Electronics products etc,,,
Cobalt is best metal but v limited in supply on earth. the biggest supply comes from Congo, an unstable country that could cause trouble to EV.Economy. Lots of researches r on going with combination of metals.
Silicon is top on the list as its raw material is found abundantly everywhere on earth. Downside is Si expands 3 times on recharging. Scientists r using Si nano.tech but still need to perfect the processes for fast charging, long lasting n safety.
Stocks doing EV.METAL n EV.MATERIAL biz will all become giant co in a shortest time frame!
I can assure you there will be no market crash. Pay attention to Fed chair election due in Q1 2022. If JPow gets elected, the market will probably stay dormant. If he doesn't, prepare for market tantrums. Slow taper over the horizon is risky (inflation). Fast taper is also risky.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
lching
1,402 posts
Posted by lching > 2021-09-01 11:07 | Report Abuse
new historical high!!!!!