Semiconductor Theme Play
After series of theme play in steel stocks and plantation stocks recently due to new development in both sectors, next week will be a semiconductor stocks and related theme play turn.
Why semiconductor theme?
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This
is after the Semiconductor Industry Association (SIA) yesterday that
4Q2016 global semiconductor sales of USD93 billion were 12.3% higher
y-o-y and 5.4% more than 3Q2016, with logic being the largest
semiconductor category by sales with USD91.5 billion in 2016, amounting
to 27% of the total semiconductor market.
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Market growth was driven by macroeconomic factors, industry trends, and the increased need for technology in devices.
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Modest growth is expected to continue in 2017 and beyond
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What is that all mean? It
means that 4Q2016 results of semiconductor companies and related will
be posting higher net profit on-year and on-quarter. It also indicates
that 2017 prospect is still brighter for semiconductor companies and
related.
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Globetronics Technology - Average brokers' Target Price is RM4.76
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Inari Ametron - Average brokers' Target Price is RM3.51
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Unisem - Average brokers' Target Price is RM2.81
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Vitrox - Average brokers' Target Price is RM3.84
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Pentamaster - No analyst cover. Technical reading, the stock has reached all time high, therefore, I expect the stock will fly to RM1.83
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JAG - No analyst cover. Based on my thematic research, Target Price is at 25sen.
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Ride the wave of semiconductor theme play, follow the money.
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Dont against the trend!
For JAG, please follow our stories here:
Part 1 - http://klse.i3investor.com/blogs/tradingideas/114078.jsp
Part 2 - http://klse.i3investor.com/blogs/tradingideas/114757.jsp
Part 3 - http://klse.i3investor.com/blogs/tradingideas/114931.jsp
Final Part - http://klse.i3investor.com/blogs/tradingideas/115097.jsp
http://klse.i3investor.com/blogs/tradingideas/115156.jsp
