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The Grp’s rev for FY26 Q3 increased compared to FY26 Q 2, mainly due to the gradual resumption of mass prodn activities to serve existing custs. During FY26 Q 1 and Q 2, the Group had allocated substantial resources to new product developmentwith both existing and new semiconductor customers, resulting in lower production volume. In Q 3, as development activities moderated, the Group was able to redir
好事？？
- The U.S. economy unexpectedly shed 23,000 jobs in July, while gains in the preceding two months were revised sharply lower, possibly denting wagers that the Federal Reserve will raise interest rates in the coming months.
美股存储芯片板块遭遇强震重挫的底层谜底正式揭晓！伯恩斯坦（Bernstein）发布的最新研报给过热的存储市场泼下一盆冷水：受 PC 与手机端终端需求疲软、客户削减出货计划，以及长期协议（LTA）价格上限的三重挤压，2026 年第三季度 DRAM 和 NAND 合约价格涨幅将显著收窄至约 20%，涨价周期已然接近尾声！
The Nasdaq Composite, S&P 500 and Dow industrials all rose Friday as strength for SpaceX, Palantir, Applied Optoelectronics, Atlassian, Nvidia and other Big Techs combined with an interest-rate-friendly jobs report to send Wall Street higher.
Macro
The three indices rose in part on strength for optical-networking stocks, which rallied on quarterly earnings and revenue beats for Applied Optoelectronics.
The three indices rose in part on strength for optical-networking stocks, which rallied on quarterly earnings and revenue beats for Applied Optoelectronics.
$Applied Optoelectronics (AAOI.US)$ gained 9.2% on the well-received numbers, while fellow optical-networking names $Coherent (COHR.US)$ (up 13.4%), $Lumentum (LITE.US)$ (6.2% better) and $Corning (GLW.US)$ (5.4% firmer) rose in apparent sympathy.
Software stocks – which have struggled recently amid fears that artificial intelligence will steal their businesses – likewise rallied on earnings beats and/or well-received forward guidance from Atlassian and Cloudflare.
$Atlassian (TEAM.US)$ soared 35.3% on the news, while $Cloudflare (NET.US)$ added 5.6% after hitting an intraday record high during the session.
That helped push fellow software stocks higher as well. Winners included $Palantir (PLTR.US)$ (up 10.3%) and $ServiceNow (NOW.US)$
Software firms $Applovin (APP.US)$ (3.3%) and $Datadog (DDOG.US)$ (up 2%) also rebounded from sell-offs they suffered Thursday following their own quarterly earnings and/or guidance, which Wall Street had initially panned.
Meanwhile, Elon Musk's struggling space-and-tech firm $SpaceX (SPCX.US)$ rose 15.8% Friday, rebounding for a second day after finishing Wednesday at $108.27 – its weakest ending since going public in June at $135 a share.
Our visit to 3xxx left us with a positive impression of the group's near-term outlook, with mgmt guiding for 20% YoY growth in FY26 revenue (FY25: RM107m) and PBT margin improvement. The order book stands at RM60m. The engineering support services segment (c.60% of group revenue) remains the core revenue driver, with 15-20% revenue growth expected from its key MNC customer despite a rate adjustment. Notably, the group is also moving into the front-end space with a new semicon.....
Notably, the group is also moving into the front-end space with a new semiconductor manufacturer. The automation segment offers the most exciting developments, where 3Ren is gaining early traction in AI/DC, working with a US-based customer on server rack verification and GPU validation. A major US technology customer is establishing a plant in Batu Kawan, with initial contribution of RM1m+ from 40 racks in 1Q26, scaling to a target of 1,000 racks within 2 years.
The Lighthouse overhead transport system (targeting BE semiconductor) is aiming for launch by 2Q/3Q 2026. Geopolitical impact remains minimal, with c.95% of revenue denominated in RM, limiting exposure to external volatility.
The Lighthouse Overhead Transport: This is Stratus Global's proprietary AMHS solution, which targets back-end (BE) semiconductor factories and assembly lines.
We visited 9 companies across Penang, spanning ATE, metal fabrication, ESS, EMS, IC design, and aluminium distribution. Managements were broadly optimistic, with most guiding for double-digit topline growth in 2026, anchored by sustained AI/DC demand