To The Moon

Across the 40 largest Index weights of the iEdge SG Advanced Manufacturing Index, $Aztech Gbl(8AZ.SI)$ , $UMS HOLDINGS LIMITED(558.SI)$ , $FRENCKEN GROUP LIMITED(E28.SI)$ , $VENTURE CORPORATION LIMITED(V03.SI)$ , $China Sunsine Chemical Holdings Ltd.(QES.SI)$ , $FOOD EMPIRE HOLDINGS LIMITED(F03.SI)$,  $ISDN HOLDINGS LIMITED(I07.SI)$ , $VALUETRONICS HOLDINGS LIMITED(BN2.SI)$ & $AEM HOLDINGS LTD(AWX.SI)$ , $DELFI LIMITED(P34.SI)$ have ranked among the strongest 10 performers of the past 6 weeks, averaging 9% total returns, reducing their average decline in total return to 12%.

You May Interested In:

Weekly Inflows: O39, D05, BN4 Led Institutional Net Inflows Totaling S$341m

Data from Trading View

The first 6 weeks of 3Q 22 has seen the technology sector lead the global stock market, after ranking as the laggard sector in both 1Q22 and 2Q22. The 6 weeks have seen the $Philadelphia Semiconductor Index(SOX)$ generate a 19% total return, after the declines for the preceding 2 quarters saw the global semiconductor benchmark decline 33%.

After the Friday market close, $AEM HOLDINGS LTD(AWX.SI)$ reported that it is on track for a record FY, revising FY22 revenue guidance to S$750 million to S$800 million, with revenue for 1H22 increasing by 181% YoY, and 2 new customer wins in high-performance computing/artificial intelligence and application processors for mobility.

After the 12 Aug close, three of the above seven stocks associated with the Technology Sector -$AEM HOLDINGS LTD(AWX.SI)$ , $UMS HOLDINGS LIMITED(558.SI)$ and $ISDN HOLDINGS LIMITED(I07.SI)$ reported 1H22 results.

• $AEM HOLDINGS LTD(AWX.SI)$  reported 1H22 revenue increased by 181% YoY to reach a record high first half revenue of S$540.5 million for 1H2022, driven by volume ramp up for the new generation System Level Testing handlers, Burn-In Test handlers, related consumables and peripheral tools, and contributions from CEI Pte Ltd which the Group acquired in March 2021. The Group also highlighted it had made new customer wins in high-performance computing/artificial intelligence and application processors for mobility. AEM Holdings revised its FY22 revenue guidance of the Group to be in the range between S$750 million to S$800 million, while do expecting 2H22 revenue to be lower than 1H22.
• $UMS HOLDINGS LIMITED(558.SI)$ also reported its 1H22 sales and net profit pushed past its recent performance records to hit S$171.3 million (or about 63% of its FY21 sales) and S$42 million (about 73% of FY21 net profit) respectively. The Group noted that the JEP Holdings acquisition not only gave UMS Holdings a shot in the arm by boosting its ability to ramp up production despite a tight labour situation in Malaysia but also lifted its top and bottom-lines.
• $ISDN HOLDINGS LIMITED(I07.SI)$  reported a 12.2% YoY decrease in revenue to S$190.7 million in 1H22, compared to S$217.2 million in 1H21, largely due to business disruptions from the implementation of strict COVID-19 lockdown measures in the PRC in April and May 2022. Despite the supply chain disruptions, the Group noted it had continues to witness broad-based and long-term demand for industrial automation solutions in both the PRC and the Southeast Asia countries where it operates.

Relevant drivers for the Sector going into 2023 include downstream orders and further downstream consumer demand, the sub-drivers of 5G and automotive markets, as well as cloud services and data centres, while potential supply chain disruptions and labour costs on the inflation front.

Source:https://www.sgx.com/research-education/market-updates/20220815-tech-sector-leads-global-stocks-3q22-date-aem-beats