chief executive officer Datuk Heng Huck Lee (pic below) says the electronic and semiconductor industry is recovering steadily from the pandemic.
“The prospects of a worsening US-China trade conflict has compelled our customers to increase their orders.
“Our smart sensors order book is filled, and the production line is operating at near maximum capacity till year-end.
“However, the group expects a flat year because Covid-19 badly impacted the first half of this year, ” says Heng.
On the local and global technology stocks, Heng says they have picked up because of their growth potential in the short and medium term.
“We should continue to see more foreign direct investments coming into Malaysia.
“We can see more local technology companies investing in expansion, product development and technology upgrade.
“When the US-China trade war compels multinational corporations to relocate out of China, Malaysia and other Asean countries will be the choice locations due to its mature supply chain, experienced workforce and good ready infrastructure.
“Many Malaysian technology companies will continue to benefit and perform better, ” he adds.
New investments
According to Heng, the group will remain cautious when it comes to making new investments.
“The group currently is in the advanced stage of finalising with a new partner to start up a new manufacturing operation for micro-electro-mechanical systems (MEMS) sensors in Malaysia.
“We are very quite cautious and selective in what we will invest, and the MEMS segment shows very good growth potential.
“Smart devices and equipment with human-machine interfaces are adopting MEMS sensors.
“These products are widely used in connected automobiles, smart wearable devices and smart homes.
“Medical and biotechnical are also new areas adopting MEMS technology, ” he says.
According to a ReportLinker research, the global MEMS devices market is projected to reach US$113.8bil by 2027.
“Amid the Covid-19 crisis, the global market for MEMS devices estimated at US$58.8bil in 2020, is projected to reach a revised size of US$113.8bil by 2027, growing at a compounded annual growth rate (CAGR) of 9.9% over the period 2020-2027.
“Sensors, one of the segments analysed in the report, is projected to grow at a 10.4% CAGR to reach US$73.4bil by the end of the analysis period, ” the report says.
Globetronics share price hit RM2.36 recently, up by 8% from June.
GTronic setting up new mems factory will surely boast earning , a low risk counter matter of time to fly, now still at collection stage once start to move will be difficult to catch , TP rm3.5
chief executive officer Datuk Heng Huck Lee (pic below) says the electronic and semiconductor industry is recovering steadily from the pandemic.
“The prospects of a worsening US-China trade conflict has compelled our customers to increase their orders.
“Our smart sensors order book is filled, and the production line is operating at near maximum capacity till year-end.
“However, the group expects a flat year because Covid-19 badly impacted the first half of this year, ” says Heng.
On the local and global technology stocks, Heng says they have picked up because of their growth potential in the short and medium term.
“We should continue to see more foreign direct investments coming into Malaysia.
“We can see more local technology companies investing in expansion, product development and technology upgrade.
“When the US-China trade war compels multinational corporations to relocate out of China, Malaysia and other Asean countries will be the choice locations due to its mature supply chain, experienced workforce and good ready infrastructure.
“Many Malaysian technology companies will continue to benefit and perform better, ” he adds.
New investments
According to Heng, the group will remain cautious when it comes to making new investments.
“The group currently is in the advanced stage of finalising with a new partner to start up a new manufacturing operation for micro-electro-mechanical systems (MEMS) sensors in Malaysia.
“We are very quite cautious and selective in what we will invest, and the MEMS segment shows very good growth potential.
“Smart devices and equipment with human-machine interfaces are adopting MEMS sensors.
“These products are widely used in connected automobiles, smart wearable devices and smart homes.
“Medical and biotechnical are also new areas adopting MEMS technology, ” he says.
According to a ReportLinker research, the global MEMS devices market is projected to reach US$113.8bil by 2027.
“Amid the Covid-19 crisis, the global market for MEMS devices estimated at US$58.8bil in 2020, is projected to reach a revised size of US$113.8bil by 2027, growing at a compounded annual growth rate (CAGR) of 9.9% over the period 2020-2027.
“Sensors, one of the segments analysed in the report, is projected to grow at a 10.4% CAGR to reach US$73.4bil by the end of the analysis period, ” the report says.
Globetronics share price hit RM2.36 recently, up by 8% from June.
The electronics and semiconductor industry is gradually recovering. GTRONIC 7022 management also stated that SMART SENSORS’ orders have been full until the end of the year, and the plant utilization rate has also reached close to the highest peak.
When the impact of the China-US trade war forced multinational companies to move out of China, Malaysia and other ASEAN countries will become the preferred locations because of their mature supply chains, experienced labor, and good infrastructure.
Many Malaysian technology companies will continue to benefit and achieve better performance. Regarding the new investment of GTRONIC, the new manufacturing business of MEMS sensors,
The current medical and biotechnology fields are also new areas that use MEMS technology. MEMS sensors and smart sensors will undoubtedly be the mainstream in the next few years. Whether in industry or in the production process, with the advancement of artificial intelligence technology, AI technology is integrated in Inside the sensor, there is a smart sensor.
MEMS sensors and smart sensors have their own advantages. With the development of industrial integration and AIoT, MEMS smart sensors may become the mainstream in the future.
According to a report by ReportLinker, by 2027, the global MEMS device market is expected to reach US$113.8 billion.
In 2020, the global MEMS equipment market is estimated to be 58.8 billion U.S. dollars, and is expected to reach the revised scale of 113.8 billion U.S. dollars by 2027.
SEMI expects the assembly and packaging equipment segment to grow 10% to US$3.2 billion in 2020 and 8% to US$3.4 billion in 2021, driven by advanced packaging capacity build-up
It also said the semiconductor test equipment market is expected to increase 13%, reaching US$5.7 billion in 2020, and to continue the growth momentum in 2021 on the back of 5G demand
Robust spending in China in the foundry and memory sectors is expected to vault the region to the top in total semiconductor equipment spending in 2020 and 2021
As for Taiwan, after seeing 68% growth of equipment spending in 2019, SEMI expects the country to contract this year but bounce back with 10% growth in 2021, with the region maintaining the second spot in equipment investments.
It also expects South Korea to rank third in semiconductor equipment investments in 2020 by outstripping its 2019 level, making it the third top spender in 2020
Korea equipment spending is projected to grow 30% in 2021, powered by the memory investment recovery. Most other regions tracked will also see growth in 2020 or 2021
luckily Gooshen is here, i will take it as a right decision to buy whenever he tried to reveal the truth that shares is going to crash. now profit continue growing lol
Handsome_newbie, you are absolutely right. I buy after read Gooshen message 10 days ago. Yesterday I buy in again because he comment today can limit down. He really like "fung sui" sifu but in reverse way.
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....
GooShen
5,400 posts
Posted by GooShen > 2020-07-07 18:25 |
Post removed.Why?