tag:blogger.com,1999:blog-9212230152177138609.post1786105896760958226..comments2024-03-25T15:15:18.172+08:00Comments on Bursa Dummy: My Portfolio Nov21Bursa Dummyhttp://www.blogger.com/profile/02242116696140987141noreply@blogger.comBlogger15125tag:blogger.com,1999:blog-9212230152177138609.post-3921106667358111072021-12-15T21:32:53.752+08:002021-12-15T21:32:53.752+08:00Thanks, I don't subscribe to Busy Weekly thoug...Thanks, I don't subscribe to Busy Weekly though.. It's not wrong to diversify more into good companies. When it's difficult to choose one, just buy all :) I'll follow MPI & Unisem closely but have to trim my portfolio first..Bursa Dummyhttps://www.blogger.com/profile/00838785922827430371noreply@blogger.comtag:blogger.com,1999:blog-9212230152177138609.post-13086268006326521782021-12-11T10:07:33.919+08:002021-12-11T10:07:33.919+08:00The info for Unisem can be found in Busy Weekly (v...The info for Unisem can be found in Busy Weekly (vol.638) published on 19th June 2021.<br /><br />Yes, I have invested a little bit in MPI, Greatech, JFTech and UWC. The portion I own is really "a little bit" each. I am still in the progress of screening through high/very high PE tech stocks with good prospect; I am coming to the end.<br />My plan is to buy those stocks in small portion each. The reason is, as u also mentioned, their stock price may drop drastically if the performance disappoints the market. Thus, I invest a little bit in each of them to dilute the high risk. The total amount invested in all those very high PE tech stocks may eventually equivalent to (or less than) the amount of one core stock, eg. MyNews, in my portfolio.<br />In this way, I won't miss their potential good prospect, and at the same time, I hope I can bear less risk. The downsides are of course I need to spend more time to find and monitor a basket of them; and if only one excels, I won't make much.value88https://www.blogger.com/profile/14876933285749820353noreply@blogger.comtag:blogger.com,1999:blog-9212230152177138609.post-40330604125910954242021-12-10T19:09:19.415+08:002021-12-10T19:09:19.415+08:00What Unisem attracts me is its Chengdu expansion w...What Unisem attracts me is its Chengdu expansion which is reported to be double its current size. I'm not aware of its Ipoh new plant, may I know where do you get the info from?<br /><br />Kenanga reported that its Ipoh operation made RM5mil net loss in Q3. That means its China op actually made a lot! I guess Q4 should break its record revenue and PBT due to the backlog in Q3 and robust demand. <br /><br />Before this I just went thru MPI's quarter reports and not much info there. After reading the info you gave here, it sounds very interesting indeed, esp with the SiC and GaN things. Have you invested in MPI? Or any other with better prospect? :)Bursa Dummyhttps://www.blogger.com/profile/00838785922827430371noreply@blogger.comtag:blogger.com,1999:blog-9212230152177138609.post-39884204406985184112021-12-10T09:14:07.884+08:002021-12-10T09:14:07.884+08:00MPI "look" much more expensive then Unis...MPI "look" much more expensive then Unisem bcos of its price level. But, both stocks' PE are actually quite close, which is ~30+x.value88https://www.blogger.com/profile/14876933285749820353noreply@blogger.comtag:blogger.com,1999:blog-9212230152177138609.post-67510560592131484652021-12-10T09:12:51.080+08:002021-12-10T09:12:51.080+08:00If u like Unisem, u can take a look at MPI too. I ...If u like Unisem, u can take a look at MPI too. I personally prefer MPI bcos of two reasons; one is MPI's capacity expansion plan will realize sooner :<br />MPI expansion schedule :<br />i) Q3 CY21 - 2nd phase level 2 expansion in Carsen Suzhou. To add 50k sqft (+8% floor space). Completed in Sept'21.<br />ii) Q2 CY22 - to add 121K sqft (+11% floor space) in Carsem Ipoh. Expect to complete by Q2 CY22.<br />iii) Q4 CY22 - to set up another facility in China to cater for the growth in silicon carbide related products. <br /><br />Unisem expansion schedule :<br />Q4 CY22 - Unisem is constructing 2 new plants in Ipoh and Chengdu China. The ready date for both the new plants are expected to be in Q4 2022. Unisem will then need 2 to 3 years to fill the additional capacity. <br /><br />The second reason is MPI's move to produce SiC and GaN power products with applications in EVs, and etc. It is to benefit from the expected strong growth in the EV space. The SiC and GaN is considered as "3rd generation semiconductor", which is in rising demand right now.value88https://www.blogger.com/profile/14876933285749820353noreply@blogger.comtag:blogger.com,1999:blog-9212230152177138609.post-39933340823125405262021-12-10T09:00:36.123+08:002021-12-10T09:00:36.123+08:00Yeah, I also expect tech stocks to have another on...Yeah, I also expect tech stocks to have another one or two good years. I got to know from HLInvest report that, "There are a total of 29 fabs (China x8, Taiwan x8, Americas x6, SEA x4, and others x3) start construction in 2021/22, and their total equipment spending will surpass USD140 billion over the next few years." The global chip shortage persists, and automotive IC is selling like hot cakes. The solar panel and EV battery plants are expanding, and etc.value88https://www.blogger.com/profile/14876933285749820353noreply@blogger.comtag:blogger.com,1999:blog-9212230152177138609.post-24047456401070448092021-12-10T08:26:19.383+08:002021-12-10T08:26:19.383+08:00I am not certain if Jaks will carry out all the EP...I am not certain if Jaks will carry out all the EPCC works by itself, or outsource the EPCC works "partially" or "fully" and play only the role of assets owner. In all the articles and analyst reports that I read through, this is not specifically clarified.<br />But, from the way Jaks mentioned about LSS4, it doesn't sound like Jaks will outsource the EPCC works "fully". Jaks has setup Jaks Solar Power Sdn Bhd to handle solar power project, and its future business plan is to grow in RE industry which include solar power and hydro power plant development. Thus, I believe they would want to build up their own capability in solar and hydro power EPCC works. Besides, Jaks is categorized as a construction company, I believe they have the ability to do the EPCC works (at least partially) by themselves.<br />Well, if they outsource the EPCC works to Samaiden or Solarvest, it may not be a bad thing bcos, as I said, I have not much confidence on Jaks' construction works.value88https://www.blogger.com/profile/14876933285749820353noreply@blogger.comtag:blogger.com,1999:blog-9212230152177138609.post-48080089101215282782021-12-09T18:40:49.914+08:002021-12-09T18:40:49.914+08:00Semicon might have another 1-2 good years ahead. I...Semicon might have another 1-2 good years ahead. If no unforeseen circumstances, those company's profits will surely grow due to expansion. However, their share prices might not grow as fast as their future profits since they have already overshot the actual profit growth, unless the growth in future profit is better than expected. The risk is once the growth is not up to expectation, share price might suffer since it's at high PE valuation. <br /><br />Anyway I think JFTech has the benefit of a small base. It might explode if the investment in China bear fruits. I expect another good year for tech stocks in 2022, if I haven't bought Gtronic, I should have grabbed some Unisem shares by now..Bursa Dummyhttps://www.blogger.com/profile/00838785922827430371noreply@blogger.comtag:blogger.com,1999:blog-9212230152177138609.post-4214985040981787082021-12-09T18:31:38.338+08:002021-12-09T18:31:38.338+08:00Ya, not much worry on this stock's share price...Ya, not much worry on this stock's share price, just keep in fridge and check again after 3 years, should be slow and steady :)Bursa Dummyhttps://www.blogger.com/profile/00838785922827430371noreply@blogger.comtag:blogger.com,1999:blog-9212230152177138609.post-23459039611288201212021-12-09T18:29:52.697+08:002021-12-09T18:29:52.697+08:00Ya, not a good management. I haven't been to E...Ya, not a good management. I haven't been to Evolve Mall but the design is weird looking from Google map. I think this mall has already failed from its designing stage. For the LSS4, I'm not sure whether it will carry out the EPCC job by itself, any idea?Bursa Dummyhttps://www.blogger.com/profile/00838785922827430371noreply@blogger.comtag:blogger.com,1999:blog-9212230152177138609.post-2436511992060163092021-12-09T18:26:11.576+08:002021-12-09T18:26:11.576+08:00The news of Apple chip shortage & production c...The news of Apple chip shortage & production cut came out in mid Oct, but Gtronic's share price only dropped in mid Nov. It might contribute to but not directly causing the drastic drop for so many days in a row. Hopefully there's nothing bad.Bursa Dummyhttps://www.blogger.com/profile/00838785922827430371noreply@blogger.comtag:blogger.com,1999:blog-9212230152177138609.post-10682229819587080992021-12-07T09:43:16.761+08:002021-12-07T09:43:16.761+08:00Recently, I started to study in-depth on some very...Recently, I started to study in-depth on some very high PE technology stocks such as Greatech, JFTech, UWC and etc. I didn't do so previously bcos I do not want to spend too much time on the stocks that I don't think I would buy.<br />To my astonishment, I found they are really have very bombastic growth prospect. And, it is close to certain that their revenue and profit will grow in quarters to come. The only question is grow by how much and if the growth justifies the very high PE multiple.<br /><br />I observed most of their stock prices came down from the peak in Feb'21, recovered from the bottom, and have been consolidating. I suppose when their forecasted earnings deliver in quarters to come, and provided no unforeseen circumstances, their stock price will move up to another level. Their growth seems like a multi-years type and consistent.<br />I am thinking maybe I should change my view on very high PE tech stocks, and pick up a little bit during this Omicron-crisis opportunity and keep them for long term..value88https://www.blogger.com/profile/14876933285749820353noreply@blogger.comtag:blogger.com,1999:blog-9212230152177138609.post-65656206624709114602021-12-07T09:20:28.687+08:002021-12-07T09:20:28.687+08:00MFCB - "The construction of the 5th turbine o...MFCB - "The construction of the 5th turbine of Don Sahong dam is expected to commence in Dec21 and is only expected to be completed in Q3 of 2024."<br /><br />I bought MFCB lately. It has been in my watch list, and I was waiting for the construction of the 5th turbine to commence to buy. Its operating cash inflow is huge in each and every last several quarters. I believe the management will be able to find good investment with the cash inflow to grow the company. It is a stock that I can sleep well regardless what Covid-variant will come out. I think I need to have such stock in my portfolio, rather than many high-volatility stocks which i am owning now.value88https://www.blogger.com/profile/14876933285749820353noreply@blogger.comtag:blogger.com,1999:blog-9212230152177138609.post-25304797673121821952021-12-07T09:07:46.934+08:002021-12-07T09:07:46.934+08:00"I hope Jaks will quickly sell its investment..."I hope Jaks will quickly sell its investment properties even at a loss, and use the cash to buy another 10% stake in the power plant."<br /><br />Jaks' closing price yesterday at 37sen is ridiculously low. I did add a bit lately but I cannot add much bcos its weightage in my portfolio is already over-weight..<br />I think Jaks management is not really capable. Their previous efforts in property development/investment and local construction were all screw-up. The saving grace came from Vietnam PP project which was also largely contributed by their Chinese partner. <br />I also hope they can dispose the Evolve mall. From the way I see, their "capability" in mall management will not turnaround this mall operation. I suppose their problem is cannot find a buyer..<br />Jaks is to commence LSS4 project in 2022. I hope they can execute well and prove me wrong.value88https://www.blogger.com/profile/14876933285749820353noreply@blogger.comtag:blogger.com,1999:blog-9212230152177138609.post-29030757714021919922021-12-07T08:54:29.943+08:002021-12-07T08:54:29.943+08:00"Gtronic is not without foreign workers and i..."Gtronic is not without foreign workers and it also has a quite important major customer from Europe. I still don't know what's wrong with Gtronic."<br /><br />I also suffered great loss in Nov'21.<br />I also bought Gtronics lately. I think the recent drop was due to there was rumour saying Apple was to cut the smartphone production resulted from lower demand. This rumour was shown not true in the news today. Inari also dropped a lot due to this news.<br />But of course the drop was also contributed by the Omicron variant, which is still a threat now.<br />Gtronics' production is not as labour intensive as ATAIMS as the latter has a final assembly process (assemble Dyson's vacuum, fan etc) which requires a lot of manual works. Thus, I don't think and hope Gtronics won't suffer the same fate as ATA. value88https://www.blogger.com/profile/14876933285749820353noreply@blogger.com