- Singapore tech manufacturing stocks with good earnings growth visibility and positive catalysts should continue to see valuation re-rating as the valuation gap of 35-40% vs Malaysian peers remains wide.
Stick to tech stocks with good earnings growth.
- The tech manufacturing stocks that we have BUY calls for have rallied 30-50% year-to-date due to the positive market reaction to various measures from the Monetary Authority of Singapore’s S$5b Equity Market Development Programme (EQDP).
- - Read this at SGinvestors.io -
Latest customers’ guidance and industry developments indicate healthy outlook for Frencken and UMS.
- - Read this at SGinvestors.io -
- On 16 Jul 25, ASML reported 2Q25 earnings and net bookings that beat consensus. It reported EUR7.7b in sales vs an expected EUR7.5b, earnings of EUR2.3b vs an expected EUR2.0b, 15% revenue growth for 2025 and net bookings of EUR5.5b vs an expected EUR4.2b. Also, ASML mentioned that it will be positive for chip demand if the US lifts restrictions on some AI processors.
- On 15 May 25, Applied Materials reported 2Q25 revenue growth of 7% y-o-y and net income growth of 24% y-o-y. Applied Materials highlighted that high-performance, energy-efficient AI computing remains the dominant driver of semiconductor innovation and it is working closely with its customers to accelerate the industry’s roadmap.
Positive indicators from the semiconductor industry bode well for the sector.
- Read more at SGinvestors.io.
