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@investman should be happy now :) 395 to 420 churning for a while which makes it a strong demand area. lets observe where is the next supply and demand area; feels like today's candle should be the new supply/demand area :)
QES good closing indeed. As for the new plant, it was pending CCC approval and slated for commercial operations by 3Q25 based on the research report from Tradeview.
Asean Summit followed by US interest rate cut at the end of Oct. Followed by 5th Nov Supreme Court ruling on Trump's tariffs and 10th Dec for another US interest rate cut decision. Make your own plans accordingly if you are trading :)
you can use the information shared here to assist with your decision making, chooi ngoh. (1) Tradeview research initiation coverage report for QES (2) TheEdge interview with QES boss (3) The external headwinds look ahead (4) Be mindful that Q3 performance is around the corner in less than a month.
MI is a good one for long term play, Fibo. It is one of the local equipment manufacturer within the semiconductor ecosystem. A lot of investment being allocated to semiconductor ecosystem from budget 2026. current MI trends started before Q2 and it is also similar with QES whereby the results showing potential decent Q3 results :) MI benefitted from the tariffs front loading if you will while QES showing higher customer deposits. MI has priced in ahead the upcoming Q3 results in my personal opinion; 1:1 risk reward ratio. Q3 results will determine whether current rally has legs. I am waiting for pullback to re-enter again; higher reward ratio if you will. Anyway, equipment manufacturer is just one sector of the semiconductor ecosystem and there are many more sectors within the supply chain. Lots of opportunities and spoilt with choices :)
I dont expect any huge negative surprises from forex for MI comparing to Q2. Q2 hit is expected bcos of the weakening of USD/MYR comparing to Q1; almost 7% from the peak in Apr to the low in May. Q3 USD/MYR strengthened a bit from the low in Jul and probably a small forex loss. USDTWD saw a huge weakening in Q2 too and it has recovered the decline by half in Q3 if you will.
signs of semiconductor trade diversion from Vietnam and Thailand will be the one to look out for in the next two qrs judging from Trump's deals with Asean countries yesterday. Will be a bonus for Malaysia semiconductor ecosystem companies at the back of "hot money" from budget 2026.
US China trade wars truce for a year and Trump has toned down on his tariffs rhetoric recently. Lets see what is the outcome next week from the US Supreme court on Trump's tariffs. A favorable outcome will boost the sentiments for semiconductor :)
Limit down clubs new members for 2025, undertaker. Well, there's some changes in sentiments for techs as Dec rate cut prob. came down from nineties to sixties. But the recent headlines locally are new members joining the limit down clubs - ptrans, mmag, nexg, pjbumi. Last year members were ynh, rapid, scib and maybe more.
no signs of slowing down from the QR. in fact, its showing that it can be a good fiscal year barring any unforeseen circumstances - no delays in delivering the customer's orders and completing the service on-time.