Equity Analysis /
Singapore

SG : Semiconductor - CY22F semicon outlook still strong

    William Tng
    William Tng

    Small Caps Analyst

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    CGS-CIMB
    6 September 2021
    Published byCGS-CIMB

    Global semicon sales grew 29.0% yoy and 2.1% mom for Jul 2021. WSTS projects CY22F global semicon revenue growth of 25.1% and a still strong 10.1% for CY23F. AEM (Add, TP S$4.78) and UMS (Add, TP S$1.97) are beneficiaries.