Quick take: Semicon-linked stocks dominate gainers’ list

KUALA LUMPUR: Semiconductor stocks dominated the gainers’ list on Bursa Malaysia in early trade Thursday.

KESM Industries Bhd, Vitrox Corp Bhd, Malaysian Pacific Industries, Unisem (M) Bhd and UWC Bhd are among the gainers this morning.

KESM added 60 sen to RM10.80, ViTrox gained 24 sen to RM15.24, MPI advanced 24 sen to RM23.18 and UWC rose 15 sen to RM7.25.

The Semiconductor Industry Association announced that billings rose to US$2.75bil in September 2020 (three-month average basis).

The billings figure is 3.6% higher than the final August 2020 level of US$2.65bil, and is 40.3% higher than the September 2019 billings level of US$1.96bil billion.

According to the US-based Semiconductor Equipment and Materials International (SEMI), Global 300mm fab investments in 2020 will grow by 13% year-on-year (y-o-y) to eclipse the previous record high set in 2018 and log another banner year for the semiconductor industry in 2023.

SEMI said the Covid-19 pandemic had sparked a surge in fab spending this year by accelerating digital transformations worldwide, and the increase is expected to stretch into 2021.

Growth in semiconductor fab investments will continue in 2021 but at a slower rate of 4% year-on-year.

Mirroring previous industry cycles, the report also predicts a mild slowdown in 2022 and another slight downturn in 2024 following a US$70bill record high in 2023.

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Semiconductor , KESM , Unisem , MPI , UWC


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