The company has good fundamentals and balance sheet. Both of the directors that disposed earlier holds 50 millions share majority. There may be retracement on Monday but overall the company has a good growth prospects . If drop, I will top up :)
@choong no problem. Don't panic if red. Its very normal for stock to go down and then to come bsck up. You can read this to ease you sleep well at night. https://www.klsescreener.com/v2/news/view/694989
Nowadays no foreign investors. All stock being holding by local institution. The price for sure not going to down in short period. But slowly will know after few quarters, maybe year end. Business very bad and inventory very high, backlog all cleared n just few fresh order. Good luck
Director sell share, then price will fall? Come on, off market disposal means new investor into the company. If you are the investor, will you want to see the price fall? And if you are the investor, why would you want to choose UWC. Be logical
Operator share swap i guess. This stock daily trading volume is low, but there is always sudden spike. Operator is creating a market for it, else no way for big shareholder to realize gain without severely affecting the price due to low average volume during disposal.
Off market transaction usually won't create direct retracement ya. Unless the new holder decided to immediately offload onto the market. If this is an operator move, usually they will create demand for this stock and slowly offload it throughout the process as retail demand take it off their hand. If the offmarket disposal is to a long term share holder and not operator, it will be almost the same like the director holding it and never disposed at all.
Following the spark US/China/Huawei tech war, many have rushed to develop their semiconductor capabilities, especially in leading edge (≤7nm) frontend fabrication (foundry) to be self-sufficient on the back of national strategic and security interests
Expect robust capex in near to mid-term on frontend subsector benefiting companies like Frontken, UWC & SAM.
Global peers valuation at forward PE of 35 times.
SAM Engineering
A hidden gem? Under-researched SAM Engineering and Equipment (not rated) has morphed into a sizable semiconductor contract manufacturer after successful diversification strategy from aerospace market. Its equipment business has outgrown aerospace in FY20 with revenue and PBT accounted for 52% and 63% of overall.
Supported by strong parents (SAM Group and Accuron Technologies), SAM has exposure in semiconductor frontend and storage devices with reputable customers (Agilent, Teradyne, KLA Tencor, Bosch, P&G and etc) in telecommunication, medical and automotive sectors. Conservatively, assuming that any slack from aerospace will be compensated by equipment’s strength and yield a flattish bottom line for FY21 (RM80m), SAM is currently trading at undemanding 13.6x PE. However, we do note the concerns of liquidity and severe-than-expected slump in aerospace segment which should be mitigated by its initiatives to divert capacity to equipment business.
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....
newbie128
232 posts
Posted by newbie128 > 2020-07-03 19:09 | Report Abuse
2 main executive director with majority share. This is the first time they disposed since IPO if not mistaken