-->

Type something and hit enter

On


KGB (FV: RM3.10) - Key customer (SMIC) received green light! Massive expansion on track!

SMIC, China’s largest contract semiconductor manufacturer, received licenses to import US equipment on Monday.

SMIC could benefit significantly from the global chip shortage as (1) Huge CAPEX will be required for capacity expansion. (2) The Chinese government will “vigorously support” its semiconductor industry, according to China’s Ministry of Industry and Information Technology (MIIT).

Kelington Group Berhad (KGB) will be a potential prime beneficiary of SMIC's massive expansion. I believe Kenanga's Target Price of RM3.10 is fair and could potentially exceed.

https://www.globaltimes.cn/page/202103/1216999.shtml

Source: Kenanga

Sharingan,

Please follow us on Telegr@m – SharinganInvest

DISCLAIMER: The note above is purely facts sharing for educational and discussion purposes. We do not recommend BUY/SELL actions. We're also invested in the stock(s).

https://klse.i3investor.com/blogs/sharinganinsights/2021-03-03-story-h1542002144-KGB_FV_RM3_10_Key_customer_SMIC_received_green_light_Massive_expansion_.jsp

Back to Top
Back to Top