Industry associations collectively call on domestic companies to be cautious in purchasing usa chips. Institutions provide this analysis as overseas semiconductor giants have repeatedly increased their investment in the china market.
① China has become the most important application market for the global IC industry. Institutions analyze that the new round of export controls by the usa has fractured the global semiconductor market and may also limit the development of usa's own enterprises; ② In the past two years, several overseas semiconductor companies have chosen to increase their investment in the china market and value the growth opportunities of chinese customers.
"Trump 2.0" deters the global? South Korea plans to increase support for chip companies and introduce $10 billion low-interest loans next year.
① South Korea plans to increase financial support for domestic chip manufacturers next year to address the challenges posed by the 'Trump 2.0' policy and competitors like China; ② The South Korean Ministry of Finance stated that low-interest loans will reach 14.3 trillion won (approximately 10.2 billion USD) next year to support new chip park enterprises and others.
Will the chip factory brought in by Biden be 'sabotaged' by Trump? The US manufacturing industry is very worried.
①Whether it's Biden, Harris, or Trump, they are all keen to see the reshoring of the manufacturing industry in the USA; ②But under the same goal, the two parties, Democrats and Republicans, seem to be taking completely different paths; ③And behind this significant difference, many American industry professionals are worried that the factory construction boom that Biden struggled to start with subsidies during his tenure may come to a sudden halt after Trump takes office...
Technology stocks are experiencing another outbreak igniting bullish sentiment in the market, seizing intraday rotation opportunities remains crucial.
Track the entire lifecycle of the main sector.
Is winter really coming? Micron's financial report slaps Goldman Sachs in the face, global chip stocks partying together.
①This Thursday, global chip stocks usher in a frenzy. After Micron Technology released a bright financial report, SK Hynix and Tokyo Electron Ltd. unsponsored ADR also brought bullish news, driving the chip stocks in the USA, Japan, and Europe markets to generally rise; ②In stark contrast to the continuous good news, a pessimistic report titled 'Winter is Coming' was published by Morgan Stanley just half a month ago.
European semiconductor industry calls for open trade: economic security should not be based on restrictive measures.
①The members of the European semiconductor industry association include asml holding, Infineon, and other well-known European industry manufacturers; ②The European Union once launched the first chip law in April 2023, but many first batch subsidy projects are already delayed or in doubt; ③The European industry association has called for the urgent introduction of a "Chip Law 2.0" support policy.
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丰衣足食 : Why Frencken Group Limited (Singapore Stock Exchange: E28) is worth watching
Sunday, April 30, 2023, 9:45 a.m. GMT+8
Frencken Group Limited (SEX: E28) is not the biggest company, but the sharp price fluctuations on the New Stock Exchange over the past few months have attracted widespread attention. At one point, it rose to S$1.21, then fell to a low of SGD 0.95. Some changes in stock prices can provide investors with better opportunities to enter stocks and the possibility to buy them at lower prices. One question that needs to be answered is whether Frencken Group's current trading price of SGD 1.04 reflects the real value of small-cap stocks? Or is it currently underrated and offers us a chance to buy it? Let's take a look at the Frencken Group's prospects and values based on the latest financial data to see if there are any catalysts for price changes.
Check out our latest analysis of the Frencken Group
How much is Frencken Group worth?
According to my price multiplier model, the current stock price seems reasonable, and I compared the company's price-earnings ratio to the industry average. In this case, I used the price-earnings ratio (PE) since there wasn't enough information to reliably predict the stock's cash flow. I've found Frencken Group's 8.56x ratio is slightly lower than the 10.26x ratio of its industry peers, meaning if you buy Frencken Group today, you'll pay a fair price for it. Also, if you think Frencken Group's trading price should be within this range, then in the long run, there isn't much room for the stock price to surpass that of peers in other industries. Is there still a chance to buy lower in the future? Since Frencken Group's stock price fluctuates a lot, we may see it fall (or rise) in the future, giving us another chance to buy. This is based on its high beta value, which is a good indicator of how much the stock has changed compared to the rest of the market.
Can we expect growth from Frencken Group?
Revenue and revenue growth
Revenue and revenue growth
Investors looking to grow their portfolios may want to consider the company's prospects before buying shares in the company. Although value investors will argue that the most important thing is intrinsic value relative to price, a more compelling investment theme is to achieve high growth potential at a low price. However, since profit growth is expected to be relatively slow in the next few years, at 7.3%, the increase does not appear to be a key driver of Frencken Group's purchasing decisions, at least in the short term.
What does this mean to you
Are you a shareholder? The market seems to have absorbed the growth prospects of E28, with stock prices trading around industry price multiples. However, there are other important factors that we haven't considered today, such as the financial strength of the company. Have these factors changed since you last looked at the E28? If prices fall below the price-earnings ratio of the industry, are you confident enough to invest in the company?
Are you a potential investor? If you've been watching the E28, now is probably not the best time to buy it because it's trading at a multiple of the industry price. However, a positive growth outlook could mean that other factors are worth studying in depth to take advantage of the next price drop.