In March, global semiconductor sales grew by 3.7% month-on-month and 17.8% year-on-year to US$41.1bil and this marked a new high since November 2018, and the 14th consecutive month sales grew on a YoY basis.
KUALA LUMPUR: TA Securities Research is maintaining its overweight outlook on the semiconductor sector with buy calls on Inari, Unisem, MPI and Elsoft after the strong global chip sales and billings in March..
In its report on Monday, the research house retained its buy for Inari (TP: RM4.33; 40 times prioce-to-earnings), Unisem (TP: RM10; 38.0 times PE) and MPI (TP: RM54.35; 38 times PE), and Elsoft (TP: 86 sen; 20 times PE).
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