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Serial System FY2021 Net Profit Rises 4,168% to US$11.1
Million As Turnaround Strategies Gain Momentum Amid
Global Chip Shortage Proposes Final Dividend of 0.45
Singapore Cent Per Share...
https://links.sgx.com/1.0.0/corporate-announcements/OR4BA2KHQ816V4BC/703370_SSGL_FY2021_Press_Release.pdf
Excelpoint results is good. I think Serial System will have similar good results too. Semicon industry is still very hot. Else the big shareholders will not buy too. Keep a lookout.
CEO losing money buying at 14c!
got dividends also tank...
got dividends also tank...
Tech stocks go up liao.
most likely good news update. recent share buy back and not long ago released their investor presentation to show their mandate.
earning is also profitable and surge in demand now and then is another key factor.
can be the next excelpoint.
earning is also profitable and surge in demand now and then is another key factor.
can be the next excelpoint.
TraderBen ( Date: 08-Jul-2021 16:23) Posted:
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OFFER?
ThankYou ( Date: 08-Jul-2021 16:19) Posted:
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Halted. Good news?
stockman20 ( Date: 07-Jul-2021 23:36) Posted:
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recent interview. good read.
https://www.investor-one.com/editorial/17291-Riding-on-the-Semiconductor-Tailwind---An-Interview-with-Serial-Systems-Top-Management
https://www.investor-one.com/editorial/17291-Riding-on-the-Semiconductor-Tailwind---An-Interview-with-Serial-Systems-Top-Management
WATCH :) .. May be the next one in play soon :)
It' s quite obvious that the group has benefited and in a well position situation on their businesses as seen in their presentation slide.
Imo, for the expected improve revenue for the next earnings and many coming quarters, they could surge up. Just look at excelpoint.
dyodd.
https://links.sgx.com/1.0.0/corporate-announcements/3YFBT48WSMCPQXIQ/2b43bc4a19fea9c41298f9f08004740f089d521656cc5df444c3aa5b504fa3db
GROUP OUTLOOK
&bull In view of business volatility and ongoing supply chain disruptions, the Group remains cautiously optimistic.
&bull Barring unforeseen circumstances, revenue for the coming months is expected to improve.
&bull The Group will continue its growth strategies outlined in its 21 December 2020 announcement, on a much leaner operating cost structure.
&bull Expects its business recovery strategies to contribute to higher revenue and overall better financial performance in FY2021 compared to FY2020.
&bull Improved cost structure will allow Group to capture economies of scale as revenue improves.
Imo, for the expected improve revenue for the next earnings and many coming quarters, they could surge up. Just look at excelpoint.
dyodd.
https://links.sgx.com/1.0.0/corporate-announcements/3YFBT48WSMCPQXIQ/2b43bc4a19fea9c41298f9f08004740f089d521656cc5df444c3aa5b504fa3db
GROUP OUTLOOK
&bull In view of business volatility and ongoing supply chain disruptions, the Group remains cautiously optimistic.
&bull Barring unforeseen circumstances, revenue for the coming months is expected to improve.
&bull The Group will continue its growth strategies outlined in its 21 December 2020 announcement, on a much leaner operating cost structure.
&bull Expects its business recovery strategies to contribute to higher revenue and overall better financial performance in FY2021 compared to FY2020.
&bull Improved cost structure will allow Group to capture economies of scale as revenue improves.
Chip Shortages Are Starting to Hit Consumers. Higher Prices Are Likely.
Semiconductor companies say they face higher costs that they are passing on to customers in some cases
https://www.wsj.com/articles/chip-shortages-are-starting-to-hit-consumers-higher-prices-are-likely-11624276801recent share buyback not once, but multiple times in june after press release of profitable earning. expect more upside and ride on the trend.
what stood out was the statement made by the management which was in line with the chip shortages faced by various semicon and auto industry.
The firm attributed the stronger performance to its strategies to widen its supplier and customer base and improve efficiencies following the Covid-19 outbreak.Speaking after the results, Mr Goh said the company was seeing a strong turnaround in its fortunes.
" There is a semiconductor shortage worldwide which strengthens the value proposition of an established distributor such as ourselves," he said.
" We have increased our base of chip suppliers as well as range of customers while continuing to focus on growth sectors such as automobile, data centres and 5G connectivity."
He added that the so-called " technology war" and chip shortage were playing out in favour of Serial System.
https://www.straitstimes.com/business/companies-markets/serial-system-stock-surges-by-over-40-per-cent