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lets see what are the goodies for techs from the upcoming budget. Tariffs news will still dominate the headlines and wondering what will be the outcome from US Supreme court review on Trump's tariffs in Nov.
power of media whereby Trump's supporters made to believe that China is paying for the tariffs instead of US consumers. Lol, no pun intended. Nevertheless, the reality is probably US vs China for #1 economic powerhouse and US needed the revenue from tariffs badly due to US debt. Got to make the world continue to trade in dollars :)
semiconductor hot money flowing from budget 2026 and US interest rate cut driven by trumpconomics :) Choose your preferred stock within the semiconductor ecosystem in Malaysia. Most of the hot money will probably ended up in the top3 within each ecosystem while the rest will be following along until it breaks. Just need to have tight stops for those out of the top3 :)
I failed to comprehend Krono business model. I agree with you it looks cheap but there is no growth either despite operating in digital services space. Its sitting in trading watchlist.
we will know in upcoming report on whether the order book has increased as per the insider information that Tradeview research received. If it is true, semiconductor upcycle is on its way and there are many semiconductor related stocks within the supply chain :) I have seen EPF continued to add positions in some EMS and OSAT. MI's previous report benefitted from front loading.
Semiconductor related companies showing relatively decent performance back to back - Unisem, Frontkn, Penta, Mi and latest MPI. Looks like semiconductor up cycle is on track. Trade diversion from China/Taiwan/Vietnam and Thailand into Malaysia will be nice and hopefully it will pick up momentum.
Smetric? Once bitten twice shy, Nick. The mgmt made some bad decisions previously; x boleh pakai. Better off skipping it or short term trades at most. Not worth to risk it.
lets see what is the orderbook / po on hands from the upcoming q4'25 report. it has jumped from 25mil to 40mil from q2fy25 to q3fy25 and tradeview research indicated that it could jump to 180mil in fy2026. There should be positive spillover from the sustained demand for logic & memory chips to semiconductor equipment segment from the semiconductor supply chain perspective.
orderbook is still not good - As of 31 December 2025, the Group has outstanding purchase orders of approximately RM26.63
million for our integrated solutions and sale of individual machinery, equipment and tools, which are expected to be fulfilled by year 2026. No signs of growth despite acquisition of xlent and thailand subsidiary.
i am holding cnergen and sfptech now, 馬拉ck. If you were to look at Cnergen's report, you will noticed something :) the orderbook has jumped to over 80 mil which is almost 4x comparing to as of end of Dec'25. Sfptech is also similar as such that it is operating at 70% utilisation across all 3 plants and you would have noticed that the inventories doubled up as of Dec'25 and half of it are finished goods which are ready for shipment :) On top of that, SFP's MNC customer has increased to 8 as of Dec'25 compared to 3 for the previous years. All these are pointing to early signs that both Cnergen and Sfptech could be making a comeback this year. These are just my observations, could be wrong. Hope it explained :) Verify the facts by yourself if you need to.
打入一线美国 AI 测试供应链 (ODM 身份)：
报告明确指出，Cnergenz 成功把握了 AI 普及和数据中心对先进 AI 服务器板卡的需求。
公司非常自豪地宣布：他们已成为一家美国第一梯队（Tier-1 US-based）跨国自动化测试设备制造商的 ODM 合作伙伴，为其提供在线电路 AI 测试站（inline in-circuit AI tester station）。
解读： 这是重大的基本面转型。公司正在从纯粹的“机器代理商/分销商”向“高附加值的 ODM 制造与集成商”转变。
I am not sure about that, adama. But the semiconductor ATE segment seems to be making comeback from demand perspective. Penta's report showing semiconductor ATE growth as the main contributor to the segment. Will be interesting to see MI's SEBU segment in their upcoming report for signs of qoq growth. Maybe seeing selective top-tier and second tier semiconductor ATE benefitting from the AI and automotive upcycle.
we will know when MI's results is out. for now, I can only think of how demand for Teradyne's testers benefitting local ATE segment - precision machining and SMT/PCB. Those who are familiar with Teradyne testers will know that the components/piconics on the pcb channel cards, mainframe assembly and test head requires precision machining, tooling, cleanroom assembly and SMT/PCB processes for the channel cards. These could be the reason why Teradyne is being linked to the local companies in Malaysia.
these global big name semicon equipment players like amat lrcx klac ter source some parts and components of their machine from malaysia since decades ago. Therefore our local precision engineering players also a beneficial when semicon capex rises...
yup... two parts - one part is precision machining with cleanroom assembly capability and the other part is SMT/PCB capabilities. As for SMT/PCB manufacturers, particularly the top tier companies for high layers / impedance sensitive PCB are typically located in Taiwan/Japan/South Korea/China. But quite a number of these have been relocating to SEA particularly Thailand, Vietnam & Malaysia over the last few years. Cnergen's orders for SMT machines could be coming from these manufacturers in SEA.
sit back and chillax for those holding it. should be heading to 6th floor before the next qr; 7th floor if we are lucky. there will be volatility along the way due to liquidity and day/short term trades. manage it well and be mindful not to rush it when the ticker is moving up rapidly :)
Thanks, Nick. If it is ODM, then the orders for ICT is just ~6mil out of the 82mil orderbook. Relatively small but a good start. SMT is still the main revenue generator.
Not sure what is the hype on xlent, thye. If xlent's solution is good, it will eventually contribute to Cnergen's orderbook. 6mil is a good start but SMT is still the core for Cnergen. What we want to see is Cnergen's clients moving into expansion phase or asset replacement cycle - that will boost SMT orders :) The current orderbook is a mix of SMT orders and fair bit of integration orders.
in terms of margins, there are two parts (1) the standalone SMT machines segment has lower margins (2) the integrated solutions for SMT line has higher margins. The good news is - both segments are seeing good numbers from the 82mil orderbook; more than 90% if you will. The best part is - higher margin segment has about 22mil orders which is relatively high :)