2017年8月15日星期二

转贴:0113 MMS bullish on outlook

1)
Monday, 14 August 2017

image: http://www.thestar.com.my/~/media/online/2017/08/13/18/49/p4_bizd_mm_1408_p4a_mm_1.ashx/?w=620&h=413&crop=1&hash=43F02381430B2D8E687B41CFD79F08DD72553C70
Niche market: A worker checks test equipment at MMS Venture’s plant in Bayan Lepas. All the test equipment from MMS are custom-made to meet customers’ requirement.
Niche market: A worker checks test equipment at MMS Venture’s plant in Bayan Lepas. All the test equipment from MMS are custom-made to meet customers’ requirement.
GEORGE TOWN: Semiconductor test-equipment maker MMS Ventures Bhd is riding on strong global demand for smartphones and electronic gadgets.

Shipment of its test machines had reached 150 units during the first six months of this year, compared with 196 units recorded for the whole of 2016.
The company would deliver 100 new units before the end of the year, group managing director Sia Teik Keat told StarBiz.
“We are very optimistic about our performance for 2017,” he said.

In the first quarter of 2017, the group posted RM4.1mil in net profit on the back of a RM14.9mil turnover.
“The second quarter results should improve over the first quarter,” Sia said.
Last year, the group generated RM9.6mil in net profit on the back of a RM40mil turnover.
About 60% of the test equipment produced by MMS Ventures are made for the smart phone industry to test the flash light-emitting diode (LED) and sensor functions.
“The remaining 40% goes to the automotive and general lighting industries,” Sia said.
He said 60% of the orders are from multinational corporations in Malaysia for 2017. “The remainder are sent to China and the US,” he added.
Sia said all the test equipment from MMS were custom-made to meet the customers’ requirement.
“About 80% of our orders are for test equipment priced between US$50,000 to US$150,000, while the remaining 20% are priced above US$150,000,” he said.
On foreign exchange gains, Sia said the group would not benefit much from foreign exchange differences due to the fluctuations of both the ringgit and the greenback.
On future expansion of its plant in Bayan Lepas, Sia said the group was currently utilising 85% to 90% of the production floor.
“In the next 12 months, there may be a need to utilise another 10,000 sq ft for a new assembly line,” he said.
According to SEMI, the worldwide sales of new semiconductor manufacturing equipment are projected to increase 19.8% to US$49.4bil in 2017, marking the first time that the semiconductor equipment market has exceeded the market high of US$47.7bil set in 2000.
SEMI is a global industry association of companies that provide equipment, materials and services for the manufacture of semiconductors, photovoltaic panels, LED and flat panel displays, micro-electromechanical systems, printed and flexible electronics, and related micro and nano-technologies.
“In 2018, a 7.7% growth is expected, resulting in another record-breaking year totaling US$53.2bil for the global semiconductor equipment market,” SEMI reported.
Meanwhile, American research and advisory firm Gartner said the worldwide semiconductor capital spending is projected to increase 10.2% in 2017 to US$77.7bil.
“This growth rate is up from the previous quarter’s forecast of 1.4% due to continued aggressive investment in memory and leading-edge logic, which is driving spending in wafer-level equipment,” Gartner said.
According to Gartner’s latest view, the next cyclical down cycle will emerge in 2018 to 2019 in capital spending, compared with 2019 to 2020 in the previous quarter’s forecast.
“Spending on wafer fab equipment will follow a similar cycle with a peak in 2018. While the most likely scenario will still keep positive growth in 2018, there is a concern that the growth will turn negative if the end-user demand in key electronics applications is weaker than expected,” said Gartner research vice-president Takashi Ogawa.
TAGS / KEYWORDS:Stocks , Earnings , Technology , MMS venture

Read more at http://www.thestar.com.my/business/business-news/2017/08/14/mms-bullish-on-outlook/#d27mvrgC4CEluKiJ.99


2)Mmsv :股价=RM 1.77,股数=163m,市值=288m,近期紅股未发。 
Penta :股价=RM 4.26,股数=146M,市值=624m, 
近期红股末发。 
Elsoft:股价=rm2.80,股数=274m,市值=767m, 
近期己发红股。 
Jhm:股价=rm3.23,股数=262m,市值=848m, 
近期己发红股。 
Vitrox:股价=rm4.30,股数=470m,市值=2.021b 
近期己发红股。
Mmsv 分红股与转主板,今年净利創新高,业务成長等,股价不新高等何时,不建议買賣,投资自负。

 Rm1.85公司市值首破三亿,加油。
Rm2.46公司市值破4亿。
Rm3.07公司市值破5亿,这是值得期待的。

3) Stock Name: MMSV (0113)
Entry: Buy above RM1.72
Target: RM1.88 (9.3%), RM2.00 (16.3%)
Stop: RM1.61 (-6.4%)
Shariah: No
Technical: Breakout-pullback-continuation

Source: Bloomberg, M+ Online

4)杨德龙:经济新周期中的投资机会
http://xw.qq.com/FIN/20170811008535/FIN2017081100853503
在新周期中,投资机会主要将产生于两个方面,一是来源于消费升级,像白酒中以茅台为代表的高端酒的价格不断上涨,其实就是消费升级的一种体现,而低端酒的股价则基本没有什么变化,当然还有很多其他的消费升级,比如对于电子、人工智能等的需求在逐渐提高。第二则是来源于高科技类的新兴产业。当前我们正处于第四轮科技革命之中,在这轮科技革命之中美国已经处于了领先位置,美国的前十大市值的股票中有七只属于科技股,其股价可以说是“一飞冲天”,当然,我们也不甘落后,中国的科技股中也会有些优秀的股票成长起来,
科技股的投资机会在未来会逐渐的显现出来。
5)全球半导体销售额6月份涨近25% 
经济新闻
14/08/201718:33
(八打灵再也14日讯)半导体行业协会(SIA)表示,2017年6月份全球半导体销售额按年上涨近25%至326亿美元(1400亿令吉),主要是受到美洲的销售额增长所推动。
该家以美国为基地的贸易机构宣布,6月份销售额从去年同期的264亿美元上升23.7%。若以5月份相比,销售额从320亿美元上扬2%。
代表着美国半导体制造、设计和研究界权威的半导体行业协会说,第2季度全球销售额达979亿美元,按季增长5.8%,而按年则增长23.7%。
迄今,2017年上半年的销售额按年增加20.8%。
SIA主席兼首席执行员约翰纽菲尔表示:“今年中旬全球半导体工业的销售额增长惊人,其销售额在次季度达到历史最高纪录,以及6月销售额創下新高。

6)https://www.jobstreet.com.my/en/companies/439686-micro-modular-system-a-subsidiary-of-mms-ventures-berhad

7)

全球芯片前景看好 科技股伺机反弹 
经济新闻

(吉隆坡10日讯)在表明将来会改善经济指标后,大马股票交易所的科技股是今年表现最好的股票之一。
马交所科技指数自年初以来上涨了42.6%,表现优于富时隆综合指数涨幅的24.6%。
虽然今年可能不是最佳表现指数,因为建筑指数今年上涨了69.3%,但分析员认为很多因素将导致科技股上涨及有望反弹。
一家本地证券公司研究主管说:“东盟国家的采购经理人指数(PMI)反弹,并呈上升趋势。
“基于令吉疲弱帮到这批股项,并改善了全球的经济增长。”
一些科技股一直上升,而不仅是半导体股,还有设备制造商股。
该研究主管说:“大多数半导体厂商对今年的增长表示乐观。
今年,马太平洋工业有限公司(MPI,3864,科技组)和友尼森有限公司(UNISEM,5005,科技组)等科技股的股价大幅上涨,这两家公司的股价今年分别上涨了60%和32%。
东益电子有限公司(GTRONIC,7022,科技组)今年有创纪录的投资计划,因此股价增长53.6%,以及Inari有限公司(INARI,0166,科技组)的股票也上涨了24%。
对科技股的好感炒作也导致了半导体测试设备制造商的股票,如腾达机构有限公司(PENTA,7160,科技组)自年初以来上升了104%。
手机销量增加和汽车内装置更多的电子产品已经让科技股受益更多。
美国半导体行业协会报道,2月份的销售额比一年前同期高出16.5%。这个巴仙率增长幅度比2010年10月以来最多。
科技产品一直是马来西亚的出口指数之一。占出口总额的34.2%的电气电子产品出口比上年同期增长了22.4%。
今年3月份东盟国家的PMI数据显示,日经指数调查的7个国家中有6个国家的PMI数据有所改善。所有国家PMI均有改善,但不包括马来西亚。
科技产品业务看涨导致分析师最近提出报告,抵消科技行业的负面情绪。
联昌证券研究行在上个月的报告中预计,2017年强劲的行业盈利增长将达15%。这将由Inari和马太平洋工业领导的汽车和通讯领域的需求带动。
报告说:“大多数独立的行业研究机构认为,2017年全球半导体需求增长强劲,达到6%(2011年为1.1%)。
去年,由于东益电子已经增加了感应器的生产,因此该公司的股价在去年大幅飙升,前景看好。
安联星展研究行上周在一份报告中指出:“透过新的感应器产品(特别是光感应器和影像感应器),2017至18年东益电子的盈利明显改善。特别是3D影像感应器供应商的强烈兴趣,我们认为东益电子的估值可能会进一步获得评估。”
感应器的前景让东益电子今年的资本支出达到了8500万令吉。
据报道,该集团首席执行长拿督王合利表示,自1月份以来已经投资了6500万令吉,用于生产智能通讯设备的两个新型感应器。
“美国客户的需求将在下个月开始生产。我们预计每月会发布新的感应器数量。”
腾达机构也期望今年上半年的销售额比去年同期有所改善,该集团执行董事陈志文告诉媒体,集团有望在此期间实现超过7000万令吉的销售额。
他表示,下半年测试人员的需求将会保持强劲,因为市场上新增的智能通讯产品数量会有所增加。
“新的智能产品将要求测试人员检查其感应器。”他在报告中补充,2017年上半年的订单约有一半用于智能设备行业,而剩下的则为汽车行业需求。

8)

QI In Focus For MMS Ventures Berhad (KLSE:MMSV)

The Q.i. Value ranks companies using four ratios. These ratios consist of EBITDA Yield, FCF Yield, Liquidity, and Earnings Yield. The purpose of the Q.i. Value is to help identify companies that are the most undervalued. Typically, the lower the value, the more undervalued the company tends to be. MMS Ventures Berhad (KLSE:MMSV) currently has a Q.i. Value of 41.00000. Investors often have a large selection of stocks to research when looking to add to the portfolio. Investors have the ability to employ many different strategies to help beat the stock market. In the end, the main goal is typically to maximize profits while minimizing risk. Investors commonly strive to diversify the portfolio in order to minimize risk. Most serious investors are well aware of the risks when entering the equity market. Investors may choose to own stocks across multiple industries to keep from having all the eggs in one basket. Others may choose companies of different size, and even delve into foreign markets.  Finding those hidden gems in the stock market may not be the easiest of chores. Investors may have to spend many hours doing the research and crunching the numbers.   
Checking in on some valuation rankings, MMS Ventures Berhad (KLSE:MMSV) has a Value Composite score of 62. Developed by James O’Shaughnessy, the VC score uses five valuation ratios. These ratios are price to earnings, price to cash flow, EBITDA to EV, price to book value, and price to sales.
The VC is displayed as a number between 1 and 100. In general, a company with a score closer to 0 would be seen as undervalued, and a score closer to 100 would indicate an overvalued company. Adding a sixth ratio, shareholder yield, we can view the Value Composite 2 score which is currently sitting at 55.
Watching some historical volatility numbers on shares of MMS Ventures Berhad (KLSE:MMSV), we can see that the 12 month volatility is presently 46.440900. The 6 month volatility is 55.110600, and the 3 month is spotted at 53.045600.
Following volatility data can help measure how much the stock price has fluctuated over the specified time period. Although past volatility action may help project future stock volatility, it may also be vastly different when taking into account other factors that may be driving price action during the measured time period.
We can now take a quick look at some historical stock price index data. MMS Ventures Berhad (KLSE:MMSV) presently has a 10 month price index of 2.56061. The price index is calculated by dividing the current share price by the share price ten months ago. A ratio over one indicates an increase in share price over the period. A ratio lower than one shows that the price has decreased over that time period.
Looking at some alternate time periods, the 12 month price index is 2.48175, the 24 month is 2.60606, and the 36 month is 4.61333. Narrowing in a bit closer, the 5 month price index is 2.23841, the 3 month is 1.60000, and the 1 month is currently 1.12752.
MMS Ventures Berhad (KLSE:MMSV) has a current ERP5 Rank of 5421. The ERP5 Rank may assist investors with spotting companies that are undervalued. This ranking uses four ratios. These ratios are Earnings Yield, ROIC, Price to Book, and 5 year average ROIC. When looking at the ERP5 ranking, it is generally considered the lower the value, the better.
9)

积极转型 加强实力 马来西亚科技股前景亮眼

(吉隆坡28日讯)国内科技股近年来积极转型加强实力,争取智能手机、汽车、物联网等新商机,大华继显认为这些公司的基本面日益强稳,继续正面看待科技业走势,保持“加码”评级。
大华继显近期拜访槟城科技公司后,加强该行对科技业盈利展望的正面看法,主要是这些公司近期内受惠于3大利好,包括新智能手机推介、多元化产品和客户带来稳定的长期盈利、公司的价值链升级等。
该行指出,科技公司成功搭上光学激光感测运用增加、工业升级、汽车业升级、物联网应用等最新趋势。过去几年,本土科技公司的能力提升,产品和服务也越来越多元。
销售增幅介于10至29%
“半导体公司和设备制造商2012至2016年销售稳定增长,增幅介于10至29%左右。根据世界半导体贸易统计协会(WSTS)和国际半导体业协会(SEMI)的数据,全球半导体和设备2012至2016年的累积销售增长分别仅有4%和3%。”
该行估计,部份公司如东益电子(GTRONIC,7022,主板科技组)、益纳利美昌(INARI,0166,主板科技组)、伟特机构(VITROX,0097,主板科技组)、ELSOFT科研(ELSOFT,0090,主板科技组)和MMS创投(MMSV,0113,创业板科技组)有望在2017至2018财政年取得历来最佳销售纪录。
该行认为,科技公司销售和展望亮丽,主要原因是受惠自有利的全球环境,但国内科技公司也有其实力,包括有能力迅速赶上新市场趋势,并积极提升价值链升级和提供附加方案给客户。
该行补充,国内供应链日益完善及马币贬值带来的价格优势等,也是国内科技业的竞争优势。
国内科技股今年紧随全球科级股涨潮上扬,大华继显表示,现在科技公司的基本面越来越强稳,与它们的估值提升相得益彰,建议留意营运纪录良好、业务展望不俗及估值偏低的公司。
首选东益电子
大华继显的首选股是东益电子,也看好伟特机构和捷铵科技(JHM,0127,创业板科技组)。捷铵科技是电子制造服务(EMS)行业的新星,该公司主要提供汽车LED照明的印刷电路板组件(PCBA),预期未来3年将强劲增长。