Expect significant new tariffs on Chinese imports and moderate levies on goods from other nations , as President-elect Donald Trump rolls out his protectionist agenda. However, with his preference for chaotic policymaking and sudden shifts , there’s uncertainty on how soon these import taxes will actually hit. Dubbed “ Tariff Man ,” Trump aims to use tariffs both strategically and tactically . He’s mentioned taxing all Chinese goods up to 60% and potentially setting 10%-20% tariffs on imports globally , but details on these plans remain vague . Key players within Trump’s team are divided: Robert Lighthizer , a staunch tariff advocate, sees permanent duties as crucial to balance US trade , while others, like billionaires John Paulson and Scott Bessent , view tariffs as temporary leverage. Trump’s previous administration had mixed feelings, especially on national security-related trade limits , which he sometimes dismissed, favoring an “open for business” approach. High-profile busin
Key Takeaways:
- Profit Decline: Unisem (M) Bhd's net profit fell 29% to RM16.76 million in Q2FY2024 from RM24 million a year earlier.
- Revenue Increase: Despite the profit drop, revenue rose 4% to RM394.59 million due to higher sales volume and favorable USD to ringgit exchange rates.
- Dividend Announcement: Unisem declared a second interim dividend of two sen per share, payable on October 4.
- Earnings Per Share: EPS decreased to 1.04 sen from 1.48 sen.
- Six-Month Performance: For the first half of 2024, net profit decreased to RM25.22 million from RM33.79 million, while revenue grew to RM759.36 million from RM732.70 million.
- Industry Outlook: The semiconductor industry remains cautious, but Malaysia could benefit from global trade shifts and the National Semiconductor Strategy (NSS).
Despite the profit decline, Unisem's share price increased by eight sen to RM4.20 at midday, valuing the company at RM6.77 billion.
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