The cash it has is more than its market cap as at 31.1.2016. It is the major shareholder of KESM. It holds 48.41% of KESM. KESM's share price has been on wings lately. This is probably why Sunlight is flying as well.
Sunright owns 48% of KESM or 20.825m shares. The value of the stake with KESM at present price of around RM$9 is around RM$180m or S$60m (Sing Dollars)
There are 122.8m shares in Sunright. So the stake in KESM alone is already worth S$0.49
North American semi equipment industry posts strong December billings
26 January 2018 North America-based manufacturers of semiconductor equipment posted US$2.39 billion in billings worldwide in December 2017 (three-month average basis), according to SEMI. The billings figure is 16.3% higher than the revised November 2017 level of US$2.05 billion and 27.7% above the December 2016 billings level of US$1.87 billion. https://www.digitimes.com/news/a20180126PR200.html
Samsung topples Intel to become the world’s largest chipmaker. Intel is the second largest chip maker now. Recent QR announcements of both Samsung and Intel were amazing.
Volkswagen is looking to expand its market share in the electric vehicle market by looking to Apple for design guidance.
The German car manufacturer has said it will use Apple’s products as a template for designing its new electric vehicles over the next two years. The aim is to adopt a simple design and to turn around VW’s profits in the new expanding market, when the vehicles are launched in 2020, with the most simplicity possible. https://www.cbronline.com/news/vw-apple-vehicle
The world’s largest independent burn-in and test service company KESM does not make chips but has shipped about a billion burn-in and test devices to its customers — semiconductor companies. Although it does not directly export products, KESM is a company to watch as it supports and sells to exporters and works closely with top semiconductor firms. Its aggressive capital expenditure into the automotive burn-in and test business could rake in returns from the growth of autonomous and smarter vehicles.
Stronger Semiconductor 2018 Than Previously Forecast In a move reminiscent of the continual upward revisions to semiconductor market forecasts that characterized 2017, market watcher IC Insights has increased its forecast for semiconductor industry growth this year to 15 percent from a previous projection of 8 percent.
As per my analysis, Sunright Ltd ( S71) is an fair value stock for trading. Moreover you I can see a good opportunity of investment in this stocks. It may take good movement in near future.
Sunright stocks is about to come across its over sold level, soon it may take a up movement as per the RSI indicator.
Right now it is at 35 points, may it will take deep up to 30-25 and that point it may take an up movement till its 50 points. So be clam and wait for good opportunity.
There is one support and one resistant as per the today's closing position of this stocks. And indicators are showing downtrend by tomorrow morning. May be it take dive up to 0.8400 from 0.8700. Please put tight stoploss and trade safely.
China's response is a surprise for some people," said Julian Evans-Pritchard, senior China economist at Capital Economics, noting that neither said had yet called for enforcement of the tariffs.
"It's more of a game of brinkmanship, making it clear what the cost would be, in the hopes that both sides can come to agreement and none of these tariffs will come into force," he said.
Beijing's list of 25 percent additional tariffs on U.S. goods covers 106 items with a trade value matching the $50 billion targeted on Washington's list, China's commerce and finance ministries said. The effective date depends on when the U.S. action takes effect.
Chinese President Xi Jinping pledged on Tuesday (Apr 10) to lower car tariffs this year and take other steps to further open the world's number two economy, indirectly addressing major complaints by the United States in a simmering trade row. -------->
Buy automotive semiconductor stocks like KESm ans Sunright.
KESM has a subsidiary in China. Kesm is likely to benefit from that.
2. The US has already reduced the corporate tax rate. -> Kesm has business dealings with virtually all the American semiconductor manufacturers. Kesm is likely to benefit from that.
3. China's Xi Jinping says tariffs on car imports will be cut this year. -> Kesm has business dealings with virtually all the American semiconductor manufacturers. Kesm is likely to benefit from that.
At first most people thought the US and China would end up with a lose-lose situation. But for Kesm things have already turned out to be a win-win situation.
Two large Chinese ingot and wafer makers have announced bold plans to expand their capacities beyond anything seen to date.
At the end of February, Zhonghuan Semiconductor Chairman and General Manager Shen Haoping braved the bitter cold to personally inspect the installation of new monocrystalline ingot furnaces at the company’s factory in Inner Mongolia, nestled between the Blue Mountains and the Hetao Plateau.
First Quarter 2018 Silicon Wafer Shipments Increase Quarter-Over-Quarter to Record Level Milpitas, Calif. — May 14, 2018 — Reaching their highest recorded quarterly level ever, worldwide silicon wafer area shipments jumped to 3,084 million square inches during the first quarter 2018, a 3.6 percent increase over fourth quarter 2017 area shipments of 2,977 million square inches and a 7.9 percent rise over first quarter 2017 shipments, according to the SEMI Silicon Manufacturers Group (SMG) in its quarterly analysis of the silicon wafer industry.
"Global silicon wafer shipment volumes started the year at historic levels,” said Neil Weaver, chairman SEMI SMG and Director, Product Development and Applications Engineering of Shin-Etsu Handotai America. “As a result, silicon shipments, like device shipments, are positioned to be strong this year.”
Silicon wafers are the fundamental building material for semiconductors, which, in turn, are vital components of virtually all electronics goods, including computers, telecommunications products, and consumer electronics. The highly engineered thin round disks are produced in various diameters (from one inch to 12 inches) and serve as the substrate material on which most semiconductor devices or "chips" are fabricated.
All data cited in this release includes polished silicon wafers, including virgin test wafers and epitaxial silicon wafers, as well as non-polished silicon wafers shipped by the wafer manufacturers to end users.
The Silicon Manufacturers Group acts as an independent special interest group within the SEMI structure and is open to SEMI members involved in manufacturing polycrystalline silicon, monocrystalline silicon or silicon wafers (e.g., as cut, polished, epi, etc.). The purpose of the group is to facilitate collective efforts on issues related to the silicon industry including the development of market information and statistics about the silicon industry and the semiconductor market. http://www.semi.org/en/first-quarter-2018-silicon-wafer-shipments-increase-quarter-over-quarter-record-level
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....
zamzam22
3 posts
Posted by zamzam22 > 2016-04-18 12:27 | Report Abuse
is this stock worth to buy? ..anyone can give suggestion pls?