The Bank of Russia unexpectedly maintained its key interest rate at a record-high 21% , defying analysts’ expectations of another significant hike as inflation remains stubbornly elevated. The decision marks a shift toward a more measured approach in balancing economic growth and price stability. Key Details Inflation Concerns: Annual inflation climbed to 8.9% in November, well above the central bank’s 4% target , with inflation expectations reaching 13.9% in December. Policy Rationale: The central bank cited the significant tightening of monetary conditions after October’s 200-basis point hike as sufficient to resume disinflationary processes. Governor Elvira Nabiullina emphasized avoiding both economic overheating and severe slowdowns. Economic Overheating: Elevated government spending on the war in Ukraine and social programs, coupled with labor shortages and rising wages, have fueled strong domestic demand, exacerbating price pressures...
TheEdge Markets has reported that global semiconductor sales fell 3% year-on-year in November last year, according to the US-based Semiconductor Industry Association (SIA).
SIA, representing U.S. leadership in semiconductor manufacturing, design, and research, yesterday announced worldwide sales of semiconductors reached $28.9 billion for the month of November 2015, 0.3 percent lower than the previous month’s total of $29.0 billion and 3.0 percent down from the November 2014 total of $29.8 billion. All monthly sales numbers are compiled by the World Semiconductor Trade Statistics (WSTS) organization and represent a three-month moving average.
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| A drop in sales for global semiconductor sales, source: WSTS |
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| Source: http://www.design-reuse.com/news/38963/november-2015-semiconductor-sales.html |
Well, if you are looking at Bursa Malaysia, it is normal to look at the export stocks these days especially given how RM has dropped so much from just a year ago. The weakened Ringgit against the USD is of course a good news for these export counters but if you are expecting the semiconductor industries to do well, statistics suggest a slight drop.
So, what say you? Will the drop in sales be offset by the weakened Ringgit, making the semiconductor counters a good buy still?
According to the news report from The Edge Markets, SIA president and CEO John Neuffer said the global semiconductor sales in November were hurt by softening demand and lingering macroeconomic challenges. However, he said, “Despite these headwinds, the industry may narrowly surpass total annual sales from 2014 and is projected to post modest sales increases in 2016 and beyond."
To read the original news article by The Edge Markets, here is the link: http://www.theedgemarkets.com/my/article/global-semicon-sales-dipped-3-y-o-y-november-2015-says-sia
Even as I wrote this, I have a counter that is under the semiconductor industry: Inari Amertron Berhad.
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