Best Stocks to Buy – Quick take: Semicon-linked stocks draw interest
KUALA LUMPUR: Semiconductor-related and chip stocks dominated the top gainers list on Bursa Malaysia in early trade Tuesday.
Malaysian Pacific Industries Bhd (MPI), Unisem (M) Bhd, Vitrox Corp Bhd and KESM Industries Bhd are among the top gainers on Bursa Malaysia.
MPI jumped 50 sen to RM37.60, Vitrox added 18 sen to RM15.26, Unisem rose 14 sen to RM8 and KESM advanced 14 sen to RM12.20.
The Semiconductor Industry Association (SIA) in early March said global semiconductor industry sales were US$40bil for the month of January 2021, an increase of 13.2% over the January 2020 total of US$35.3bil and 1.0% more than the December 2020 total of US$39.6bil.
“Global semiconductor sales got off to a strong start in 2021, increasing both year-to-year and month-to-month in January,” said John Neuffer, SIA president and CEO.
“Global semiconductor production is on the rise to meet increasing demand and ease the ongoing chip shortage affecting the auto sector and others, and annual sales are projected to increase in 2021.”
Meanwhile, the global semiconductor materials market grew 4.9% in 2020 to US$55.3bil in revenue, surpassing the previous market high of US$52.9bil set in 2018, according to SEMI, the global industry association representing the electronics manufacturing and design supply chain.
It said wafer fabrication materials and packaging materials revenues totalled US$34.9bil and US$20.4bil, respectively, in 2020 for year-over-year increases of 6.5% and 2.3%.