Quick take: Semiconductor stocks dominate gainers’ list

KUALA LUMPUR: Semiconductor and technology-related stocks dominated the gainers’ list on Bursa Malaysia in early trade Tuesday.

Unisem (M) Bhd, KESM Industries Bhd, Vitrox Corp Bhd and Pentamaster are among the top gainers on Bursa Malaysia.

Shares in Unisem jumped 47 sen to RM9.07, KESM rose 32 sen to RM14.30, Vitrox gained 20 sen to RM19.82 and Pentamaster climbed six sen to RM5.60.

MI Technovation added four sen to RM4.14, JF Technology rose one sen to RM1.43 and Dufu climbed two sen to RM4.53.

Bursa Malaysia Technology Index rose 1.04 points to 91.86 points at 9.41am.

The Semiconductor Industry Association (SIA) today on Aug 2 that worldwide sales of semiconductors were US$44.5bil in June 2021, an increase of 29.2% from the June 2020 total of US$34.5bil.

Sales in June were 2.1% more than the May 2021 total of US$43.6bil.

Sales during the second quarter of 2021 were US$133.6bil, an increase of 29.2% over the second quarter of 2020 and 8.3% more than the first quarter of 2021.

Chip companies around the world have reported surging profits as the global shortage of the product pushed up prices.

In the second quarter ended June 30, Unisem’s net profit rose to RM54.6mil from RM33.9mil a year ago. Revenue rose to RM402.2mil compared with RM310mil previously.

Unisem declared an interim dividend of 2 sen a share.

Meanwhile, Mi Technovation’s net profit for 2QFY21 soared to a record high of RM26.1mil from RM18.18mil posted a year earlier. Revenue for the quarter grew 89.44% to RM117.29mil from RM61.92mil a year ago.

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Semiconductor , SIA , KESM , Unisem


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