Sunright

(11-03-2017, 09:16 PM)GenS70 Wrote: Yes my post #35 spell out this issue

Keep the finger crossed, if there are positive surprise that its equipments start to sell well this stock will depart from the deep value/value airport terminal and fly to the growth territory, it will be a big fat hairy move but a very low probability as at now

yeah its equipment has started to sell well, turning its Singapore equipment biz profitable, and along with it, share price has doubled?

(28-10-2017, 04:17 PM)GenS70 Wrote: Got to work out the EV/EBITDA for Sunright!!!

Just worked it out, its EV/EBITDA is 2.13x

Sunright ($0.775) - This world largest independent provider of burn-in and test service for semi-conductors and electronic components in automotive market, the same industry with Avi-tech. With its listed Malysian subsidaiary KESM hovering around $16.80 per share, valuation of this tech company seems to be extremely undervalued. Could be a hidden-gem yet to be discovered as most of the people may not familiar with its business. Potentially, its revenue could grow with driverless car and electronic vehicles.

(02-11-2017, 01:19 PM)crabcrab Wrote: Sunright ($0.775) - This world largest independent provider of burn-in and test service for semi-conductors and electronic components in automotive market, the same industry with Avi-tech. With its listed Malysian subsidaiary KESM hovering around $16.80 per share, valuation of this tech company seems to be extremely undervalued. Could be a hidden-gem yet to be discovered as most of the people may not familiar with its business. Potentially, its revenue could grow with driverless car and electronic vehicles.

@crabcrab : lol a little late to the party, this so called "gem" has already been discovered, share price used to be 30c. Almost up 3 times now.

KESM used to be RM$2+ now RM$18+ so would probably have been a better buy...

Dram prices seem to have peaked though and on a slight downtrend now, possible for a sharp downturn next year due to oversupply coming from China region. AFAIK China has been aggressively ramping up their Semicon industry. Semicon industry also has boom/bust cycles, which I believe will happen again.

If our local electronics exports to China is any guide or trend (could be seasonal though) things could be turning.
http://www.straitstimes.com/business/eco...are-saying

And despite the upcoming trend of switching to EV, will this transition really happen fast enough? Remember the Hybrid cars, took quite a while before people started using them and they didnt really make it to mainstream mid/low end vehicles.. Tesla's Model 3 also seems to be having problems with production. And if lithium and other metal prices like palladium go anymore higher, will the batteries be affordable enough to produce? Will the EV movement be self limiting? For all we know, it could be another good 10 or 20 years before EV really makes it into the mainstream auto market.

(04-11-2017, 10:57 AM)BlueKelah Wrote:

(02-11-2017, 01:19 PM)crabcrab Wrote: Sunright ($0.775) - This world largest independent provider of burn-in and test service for semi-conductors and electronic components in automotive market, the same industry with Avi-tech. With its listed Malysian subsidaiary KESM hovering around $16.80 per share, valuation of this tech company seems to be extremely undervalued. Could be a hidden-gem yet to be discovered as most of the people may not familiar with its business. Potentially, its revenue could grow with driverless car and electronic vehicles.

@crabcrab : lol a little late to the party, this so called "gem" has already been discovered, share price used to be 30c. Almost up 3 times now.

KESM used to be RM$2+ now RM$18+ so would probably have been a better buy...

Dram prices seem to have peaked though and on a slight downtrend now, possible for a sharp downturn next year due to oversupply coming from China region. AFAIK China has been aggressively ramping up their Semicon industry. Semicon industry also has boom/bust cycles, which I believe will happen again.

If our local electronics exports to China is any guide or trend (could be seasonal though) things could be turning.
http://www.straitstimes.com/business/eco...are-saying

And despite the upcoming trend of switching to EV, will this transition really happen fast enough? Remember the Hybrid cars, took quite a while before people started using them and they didnt really make it to mainstream mid/low end vehicles.. Tesla's Model 3 also seems to be having problems with production. And if lithium and other metal prices like palladium go anymore higher, will the batteries be affordable enough to produce? Will the EV movement be self limiting? For all we know, it could be another good 10 or 20 years before EV really makes it into the mainstream auto market.

Demand increase from increase use of electronics and chips in cars. This trend continue even if EV don't get adopted quickly. I think it will given all the major car brands announcing their EV plan and many countries imposing time line for such change

(04-11-2017, 11:07 AM)DCF Wrote:

(04-11-2017, 10:57 AM)BlueKelah Wrote:

(02-11-2017, 01:19 PM)crabcrab Wrote: Sunright ($0.775) - This world largest independent provider of burn-in and test service for semi-conductors and electronic components in automotive market, the same industry with Avi-tech. With its listed Malysian subsidaiary KESM hovering around $16.80 per share, valuation of this tech company seems to be extremely undervalued. Could be a hidden-gem yet to be discovered as most of the people may not familiar with its business. Potentially, its revenue could grow with driverless car and electronic vehicles.

@crabcrab : lol a little late to the party, this so called "gem" has already been discovered, share price used to be 30c. Almost up 3 times now.

KESM used to be RM$2+ now RM$18+ so would probably have been a better buy...

Dram prices seem to have peaked though and on a slight downtrend now, possible for a sharp downturn next year due to oversupply coming from China region. AFAIK China has been aggressively ramping up their Semicon industry. Semicon industry also has boom/bust cycles, which I believe will happen again.

If our local electronics exports to China is any guide or trend (could be seasonal though) things could be turning.
http://www.straitstimes.com/business/eco...are-saying

And despite the upcoming trend of switching to EV, will this transition really happen fast enough? Remember the Hybrid cars, took quite a while before people started using them and they didnt really make it to mainstream mid/low end vehicles.. Tesla's Model 3 also seems to be having problems with production. And if lithium and other metal prices like palladium go anymore higher, will the batteries be affordable enough to produce? Will the EV movement be self limiting? For all we know, it could be another good 10 or 20 years before EV really makes it into the mainstream auto market.

Demand increase from increase use of electronics and chips in cars. This trend continue even if EV don't get adopted quickly. I think it will given all the major car brands announcing their EV plan and many countries imposing time line for such change

So do you think this years boom in electronics/semicon manufacturing will continue for next couple years? it seems there are signs that it may be tapering off.

(04-11-2017, 11:43 AM)BlueKelah Wrote:

(04-11-2017, 11:07 AM)DCF Wrote:

(04-11-2017, 10:57 AM)BlueKelah Wrote:

(02-11-2017, 01:19 PM)crabcrab Wrote: Sunright ($0.775) - This world largest independent provider of burn-in and test service for semi-conductors and electronic components in automotive market, the same industry with Avi-tech. With its listed Malysian subsidaiary KESM hovering around $16.80 per share, valuation of this tech company seems to be extremely undervalued. Could be a hidden-gem yet to be discovered as most of the people may not familiar with its business. Potentially, its revenue could grow with driverless car and electronic vehicles.

@crabcrab : lol a little late to the party, this so called "gem" has already been discovered, share price used to be 30c. Almost up 3 times now.

KESM used to be RM$2+ now RM$18+ so would probably have been a better buy...

Dram prices seem to have peaked though and on a slight downtrend now, possible for a sharp downturn next year due to oversupply coming from China region. AFAIK China has been aggressively ramping up their Semicon industry. Semicon industry also has boom/bust cycles, which I believe will happen again.

If our local electronics exports to China is any guide or trend (could be seasonal though) things could be turning.
http://www.straitstimes.com/business/eco...are-saying

And despite the upcoming trend of switching to EV, will this transition really happen fast enough? Remember the Hybrid cars, took quite a while before people started using them and they didnt really make it to mainstream mid/low end vehicles.. Tesla's Model 3 also seems to be having problems with production. And if lithium and other metal prices like palladium go anymore higher, will the batteries be affordable enough to produce? Will the EV movement be self limiting? For all we know, it could be another good 10 or 20 years before EV really makes it into the mainstream auto market.

Demand increase from increase use of electronics and chips in cars. This trend continue even if EV don't get adopted quickly. I think it will given all the major car brands announcing their EV plan and many countries imposing time line for such change

So do you think this years boom in electronics/semicon manufacturing will continue for next couple years? it seems there are signs that it may be tapering off.

Can you name the signs?

Well if you bothered to click on the link i provided above, it shows our previously booming electronics exports has been suddenly slowing down quite a bit, impacting our NODX.

This one for semicon billings. Still much higher YoY but showing a downward trend since June. Could be seasonal though.
http://www.semi.org/en/north-american-se...7-billings

Electronics industry is quite wide. Certain segments will definitely do better than others. Although it is also cyclical in nature, I believe most are starting from a low base, this will give them more legs to run. AEM is talking about multi year commercial ramp. Venture is also also doing extremely well. Sunright/  KESM are targeting the automotive industry. If you understand the automotive market, the electronics in the automotive industry is of much higher content compared to 3 years ago. And more importantly, it is set to increase. Because safety aspects are paramount, the testings are going to be much more stringent and vigorous which probably will lead to higher demand of burnt in and testing services offered by companies like Sunright/KESM.

(04-11-2017, 10:57 AM)BlueKelah Wrote:

(02-11-2017, 01:19 PM)crabcrab Wrote: Sunright ($0.775) - This world largest independent provider of burn-in and test service for semi-conductors and electronic components in automotive market, the same industry with Avi-tech. With its listed Malysian subsidaiary KESM hovering around $16.80 per share, valuation of this tech company seems to be extremely undervalued. Could be a hidden-gem yet to be discovered as most of the people may not familiar with its business. Potentially, its revenue could grow with driverless car and electronic vehicles.

@crabcrab : lol a little late to the party, this so called "gem" has already been discovered, share price used to be 30c. Almost up 3 times now.

KESM used to be RM$2+ now RM$18+ so would probably have been a better buy...

Dram prices seem to have peaked though and on a slight downtrend now, possible for a sharp downturn next year due to oversupply coming from China region. AFAIK China has been aggressively ramping up their Semicon industry. Semicon industry also has boom/bust cycles, which I believe will happen again.

If our local electronics exports to China is any guide or trend (could be seasonal though) things could be turning.
http://www.straitstimes.com/business/eco...are-saying

And despite the upcoming trend of switching to EV, will this transition really happen fast enough? Remember the Hybrid cars, took quite a while before people started using them and they didnt really make it to mainstream mid/low end vehicles.. Tesla's Model 3 also seems to be having problems with production. And if lithium and other metal prices like palladium go anymore higher, will the batteries be affordable enough to produce? Will the EV movement be self limiting? For all we know, it could be another good 10 or 20 years before EV really makes it into the mainstream auto market.

Sunright ($0.81) - Have been hopping and alighting from this slow moving toot toot train and enjoying some local scenery when it was travelling along the track of Bukit Timah Hill. But this time it may be just ripe for an accelerated growth to ascend right through the Himalayas, to enjoy the majestic and scenic view. Not too late to embark on for the new journey though...