Another sector that was deemed the darling of investors comprise the semiconductor-related firms. This sector too has seen significant improvements in both q-o-q and y-o-y earnings performance. Eight out of the 10 semiconductor-related companies among the top 100 firms saw double-digit growth in earnings. VS Industry Bhd returned to the black this quarter while SKP Resources Bhd saw 339.15% q-o-q growth in 3Q20. Inari Amertron Bhd (+97.53% q-o-q), Unisem (M) Bhd (+49.47% q-o-q) and Greatech Technology Bhd (+31.73% q-o-q) all saw more than 30% q-o-q growth in net profit. On a yearly basis, Unisem managed to report a profitable quarter compared to a loss-making 3Q19. Interestingly, half of these 10 companies saw more than 50% y-o-y growth. Vitrox Corp Bhd grew 114.45% y-o-y, followed by UWC Bhd (+85.11% y-o-y), Greatech (+79.7% y-o-y), SKP Resources (+76.9% y-o-y) and Malaysian Pacific Industries Bhd (+50.32% y-o-y).
Interesting... once gooshen bash one of his most hated stock. Bonus issue come. Good that he also start bashing Inari. Hopefully Inari also... I can see a trend now. Likely every stock he bash, it’s good for short term investment. In summary, keep bashing, short term investor need it. Since whoever do short term, they are well aware the risk.
We don’t need someone to remind and warn. But then the bashing is welcome now since it seem to encourage the stock to go up. Proven his poison mouth do work miracle. Really divine level power....
Price drop as usual. Smart one will profit take Bonus issue is just a trap to let retailer chase high Price up so high, now only you buy? Brain got problem ?
Expert in assumption. You know my buying trend? Wow really Tokong .... is your surname Lim too? Sorry lah loser. I am lucky to get UWC via ipo. I am just keeping my cost to apply and happily taking whatever profit to divest the investment. We don’t need someone cocky like you to lecture but we do need you bashing since it do seem making the counter keep going up. So keep bashing it more. Thank you.
United Arab Emirates Claims China’s Sinopharm Vaccine Is 100% Effective At Preventing Moderate And Severe Covid-19
TOPLINE The experimental vaccine developed by China National Pharmaceutical Group, also known as Sinopharm, is 86% effective at preventing Covid-19 infection and 100% effective at preventing severe and moderate disease, health officials from the United Arab Emirates announced Wednesday, although with scarce detail provided about the trial.
The UAE health ministry cited an interim analysis of a late-stage clinical trial involving 31,000 volunteers as the source of its information, though neither they nor Sinopharm provided any data from the trial to validate the claims such as how many participants were infected or how many actually received the vaccine.
The ministry said “no serious safety concerns” were observed, though, again, no information on side effects was provided.
The ministry said the announcement is a “significant vote of confidence by the UAE’s health authorities in the safety and efficacy of this vaccine.”
The ministry added that it had officially registered the vaccine at the request of the manufacturer, which it says could eventually lead to the shot’s widespread authorization.
UWC: Proposes 1-for-1 bonus issue. UWC is proposing to undertake a bonus share issuance on the basis of one bonus share for every one existing UWC share held (1-for-1), on an entitlement date to be determined. The exercise will involve the issuance of up to 550.2m new shares, which will enlarge UWC's share capital to 1.1bn shares. The proposed bonus issue is to reward UWC shareholders and allow them to have greater participation in UWC, while retaining their respective stake. (The Edge)
UWC Bhd is proposing to undertake a one-for-one bonus issue on an entitlement date to be determined. The exercise will involve the issuance of up to 550.2m new shares, which will enlarge UWC's share capital to 1.10bn shares. (The Edge)
UWC: 1Q profit nearly doubles on-year, lifted by strong demand from semiconductor. UWC reported a near doubling in its 1Q net profit from a year ago, boosted by stronger demand in both its semiconductor and life science businesses. It is also involved in the Covid-19 test equipment supply chain. Its net profit for the 3 months came in at RM21.71m. (The Edge)
Outlook. UWC remains optimistic of its business prospects. Besides existing clients, it has also been receiving enquiries from potential local and global customers on a regular basis. This will broaden its customer base, diversify its segmental exposures, and increase order book in the process. UWC foresees a stronger demand for chip testers ahead in tandem with the with the projected semiconductor equipment market growth. It is working closely with customers in new product development as well project transfer, at the same time targeting potential high-end customers. It has undertaken the manufacturing of frontend semiconductor and 5G equipment. It is constructing a class 10k cleanroom, which is expected to be completed by early 20 21, to cater for frontend semiconductor equipment assembly. Also, UWC is expanding its assembly bay capacity. The autonomous vehicle chip tester is expected to commence mass production by end of 1HFY21. As for life-science and medical segment, the group expects sustainable substantial growth ahead against the backdrop of Covid-19 and increased health awareness and living quality.
Source: Hong Leong Investment Bank Research - 2 Dec 2020
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....
cngi
214 posts
Posted by cngi > 2020-12-03 13:38 | Report Abuse
rm10 coming soon, possible by end of Dec.