CEO, Helixtap

Farah Miller

Global Commodities Alternative Data and Insights

Helixtap

Helixtap collects, processes and distributes proprietary data, analyses and forecasts for the rubber, latex and automotive markets

Commodities

SGX Technically Specified Rubber 20 (TSR20) Futures: Effective from 16th May 2011, this contract will be migrated from SICOM platform to the SGX-DT platform. It will cease trading on SICOM at the close of business day Friday, 13th May 2011. Trading hours are revised as 7.55am to 6.00pm (no lunch break). Please refer to SGX products website for the new revised contract specifications. Exchange symbol: TF. Product Specifications: https://www2.sgx.com/derivatives/products/sicom-rubber?cc=TF

<ul><li>Rubber Meet spots Risk Center, EUDR, industry academy as priorities</li><li>RAOT delegation holds talks with APROMAC top brass</li><li>Ivory Coast cup lump exports ban to stay, says APROMAC official</li></ul>

Rubber Meet spots Risk Center, EUDR, industry academy as prioritiesRAOT delegation holds talks with APROMAC top brassIvory Coast cup lump exports ban to stay, says APROMAC official

Ivory Coast Lists Four Point Strategy To Place Its Rubber Globally

Semiconductor & Technology Specialist, Ingenuity

William Keating

Semiconductor & Technology Specialist

Ingenuity

Our focus is exclusively on in-depth research & consulting in the broader semiconductor industry. We focus on the key players, namely Intel, Micron, Qualcomm, Apple, Samsung, NVIDIA, AMD, TSMC & Global Foundries - as well as some of the lesser known, but nonetheless critical, companies such as ASML (for EUV), Mellanox, Cavium, Xilinx etc. We specialise in their products, roadmaps, process technologies, competitive advantages & threats etc. We also help our clients understand the implications of new and emerging technologies, e.g. 3D X-Point, 3D NAND, Carbon Nanotubes, Autonomous Driving, Graphene, Silicon Photonics, Wafer-Level Optics, Artificial Intelligence, FPGA, GPU, ASIC etc. 

Semiconductor Analysis & Research

Thematic (Sector/Industry)

<ul>
<li>Revenues of $7.05 billion were marginally higher than midpoint of $6.93 billion, up 4% QoQ and up 5% YoY.  Guided current quarter at $7.15 billion +1.5% QoQ , +10.5% YoY</li>
<li>Most WFE share prices have retreated to early 2022 levels, matching with when annual revenues first exceeded the $100 billion level</li>
<li>After a 44% growth spurt in 2021, we have had three years with mostly no growth. We expect the same in 2025. Invest accordingly</li>
</ul>


Revenues of $7.05 billion were marginally higher than midpoint of $6.93 billion, up 4% QoQ and up 5% YoY.  Guided current quarter at $7.15 billion +1.5% QoQ , +10.5% YoY
Most WFE share prices have retreated to early 2022 levels, matching with when annual revenues first exceeded the $100 billion level
After a 44% growth spurt in 2021, we have had three years with mostly no growth. We expect the same in 2025. Invest accordingly


For Its WFE Q324 Season Finale, AMAT Returns ASML's Favour & Sinks Semis Yet Again

<ul>
<li>The pace of recovery in 200 millimeters appears to have been very weak. Customers continue to respect LTA prices but we have to push out delivery timing which impacts volumes.</li>
<li>China appears to have developed their own capability to fabricate wafers. Quality does not necessarily appear to be very good but there is strong pressure to comply with “Buy China” </li>
<li>The recovery in legacy applications has been surprisingly slow. At this stage we don't know whether it is a slow recovery or in fact that there won't be a recovery.</li>
</ul>


The pace of recovery in 200 millimeters appears to have been very weak. Customers continue to respect LTA prices but we have to push out delivery timing which impacts volumes.
China appears to have developed their own capability to fabricate wafers. Quality does not necessarily appear to be very good but there is strong pressure to comply with “Buy China” 
The recovery in legacy applications has been surprisingly slow. At this stage we don't know whether it is a slow recovery or in fact that there won't be a recovery.


SUMCO Despairs On Legacy Rebound, EVs, China, Visibility Etc...

Cross-Asset Strategist & Quantitative Analyst, Pennock Idea Hub

Cam Hui

Cross-Asset Strategist & Quantitative Analyst

Pennock Idea Hub

We are creators of independent equity research. The Pennock Idea Hub team are veterans of the investment industry. Much of our team has spent their careers at Merrill Lynch, Deutsche Bank, RBC Capital Markets and Wood Gundy. We have taken every aspect of research back to the studs and returned to first principles. The Pennock Idea Hub marries the interests of the sell and buy side. 

We offer the best research for institutional investors by:

-Only publishing research from veteran analysts
-Eliminate the inherent conflicts of the traditional sell and buy side relationship
-Ensure our team is always accessible; collaboration with clients nurtures our collective success

Cross-Asset & Quantitative Research

Cross Asset Strategy

<ul>
<li>Gold prices have staged multi-year breakouts in multiple currencies, indicating a long-term bullish outlook.</li>
<li>In addition, gold is on the verge of staging relative breakouts against global equity markets that point to multi-year outperformance ahead.</li>
<li>The U.S. macro outlook calls for a re-acceleration of inflation, which is also positive for gold.</li>
</ul>


Gold prices have staged multi-year breakouts in multiple currencies, indicating a long-term bullish outlook.
In addition, gold is on the verge of staging relative breakouts against global equity markets that point to multi-year outperformance ahead.
The U.S. macro outlook calls for a re-acceleration of inflation, which is also positive for gold.


<ul>
<li>Silicon wafer area shipments in Q324 amounted to 3,214 million square inches (MSI), up 5.9% QoQ and up 6.8% YoY,</li>
<li>Q324 saw the combined revenues from the top four players in the segment reaching $2.5 billion, up 0.5% QoQ and up 6.5% YoY</li>
<li>Top 4 EBIT amounted to just $337 million, up 1.5% QoQ but down 38.9% YoY.</li>
</ul>


Silicon wafer area shipments in Q324 amounted to 3,214 million square inches (MSI), up 5.9% QoQ and up 6.8% YoY,
Q324 saw the combined revenues from the top four players in the segment reaching $2.5 billion, up 0.5% QoQ and up 6.5% YoY
Top 4 EBIT amounted to just $337 million, up 1.5% QoQ but down 38.9% YoY.


Silicon Wafers Q324 Area Shipments, Revenue, EBIT, Outlook & More

Ivory Coast

Ivory Coast Lists Four Point Strategy To Place Its Rubber Globally

The third largest producer of Natural Rubber in the world, the Ivory Coast, and its key catalyst in the NR sector, the Association of Natural...

Helixtap

For Its WFE Q324 Season Finale, AMAT Returns ASML's Favour & Sinks Semis Yet Again

AMAT's so-so quarter & outlook tanked semis as earnings season ends, just like ASML did when it began. Most WFE share prices are now back at early...

William Keating

SUMCO Despairs On Legacy Rebound, EVs, China, Visibility Etc...

There isn't much point in speculating about things we don't understand. We don't know whether it is a slow recovery or if there won't be a...

William Keating

2025 High Conviction Idea: Gold

Gold prices have staged multi-year breakouts in multiple currencies, indicating a long-term bullish outlook. It's also on the verge of staging...

Cam Hui

Silicon Wafers Q324 Area Shipments, Revenue, EBIT, Outlook & More

Q324 silicon wafer area shipments in 3,214 MSI , +5.9% QoQ & +6.8% YoY. Top 4 revenues $2.5 billion, +0.5% QoQ & + 6.5% YoY. Top 4 EBIT $337...

William Keating