In a note today, TA Securities analyst Wilson Loo said global semiconductor sales trended higher in July as it grew 2.1% month-on-month and 29% year-on-year (y-o-y) to US$45.4 billion, marking 18 consecutive months of y-o-y growth.
“According to the Semiconductor Industry Association, sustained robust growth in the latest month was underpinned by all major regional markets and semiconductor product categories as production and shipments reached new highs in recent months to cater to continued strong demand," he said.
On a year-to-date basis, he pointed out, sales are up 24.7% y-o-y to US$302 billion, and is thus well on track to climb towards the World Semiconductor Trade Statistics organisation’s forecast for global semiconductor sales to reach a record high of US$527.2 billion in 2021.
Loo maintained his “overweight” call on the semiconductor sector, premised on the robust demand for chips.
“This is underpinned by the ongoing acceleration in digitalisation amid the Covid-19 pandemic as well as the proliferation of emerging technologies like 5G, artificial intelligence, cloud computing, Internet of Things, and robotics,” he said, ascribing “buy” calls to all semiconductor companies under TA Securities’ https://www.theedgemarkets.com/article/mpis-market-cap-approaches-rm10b-mark-share-price-climb-continues
Aemulus: Secures new orders worth RM4.5m. Aemulus Holdings said its wholly-owned subsidiary Aemulus Corporation SB (ACSB) has clinched new orders with a cumulative amount of approximately RM4.5m. The new orders were given by a customer in Malaysia for the delivery of test systems for the enterprise storage market, but the name of the customer was not specified. (The Edge)
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....
Xcalibre
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Posted by Xcalibre > 2021-08-16 09:08 | Report Abuse
Going down as expected… it’ll reach 0.9 or below in the near term..