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Serious It's Official! PAP Reserved 60% Of The Best PMET Jobs For Sinkies In The Private Sector! Majulah PAP!

Morgan Stanley predicts that next year, the supply of HBM by memory companies will reach 250 billion gigabits (Gb), exceeding the demand (150 billion Gb) by 66.7%. It also forecasts that Samsung Electronics' full-scale entry into the HBM market will be a major cause of the oversupply.

The semiconductor industry views this outlook as excessively pessimistic. They argue that Morgan Stanley ignored the characteristics of the HBM market, which produces customized products with customer approval. SK Hynix and Samsung Electronics have publicly announced that "HBM volumes are sold out until 2025."
 

Industry Disputes Morgan Stanley’s Dramatically Lowering Target Prices of SK Hynix and Samsung​

  • Editor Kim Eun-jin
  • 2024.09.18 23:39
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https://www.businesskorea.co.kr/news/articleView.html?idxno=225270

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Morgan Stanley released a report drastically lowering target stock prices of SK Hynix and Samsung Electronics on September 15.
Morgan Stanley released a report drastically lowering target stock prices of SK Hynix and Samsung Electronics on September 15.
On September 15, Morgan Stanley released a report drastically lowering SK Hynix's target stock price by 54%, from 260,000 won (approximately $200) to 120,000 won, and adjusting Samsung Electronics' target stock price downward by 27.6%, from 105,000 won to 76,000 won. The reasons cited were a decrease in demand for general DRAM due to reduced smartphone and PC demand and an oversupply of high-bandwidth memory (HBM), leading to price drops. Morgan Stanley also downgraded its investment opinion on the Korean tech sector from “neutral” to “cautious.”

The report, titled "Winter Looms," follows last month's "Prepare for the Peak," which warned of an AI bubble. It consistently took a pessimistic view of Korean memory semiconductor companies, citing sluggish demand for general DRAM and an oversupply of AI-specific HBM.

Morgan Stanley predicts that next year, the supply of HBM by memory companies will reach 250 billion gigabits (Gb), exceeding the demand (150 billion Gb) by 66.7%. It also forecasts that Samsung Electronics' full-scale entry into the HBM market will be a major cause of the oversupply.

The semiconductor industry views this outlook as excessively pessimistic. They argue that Morgan Stanley ignored the characteristics of the HBM market, which produces customized products with customer approval. SK Hynix and Samsung Electronics have publicly announced that "HBM volumes are sold out until 2025."

Critics also argue that Morgan Stanley underestimated the AI investments by big tech companies, which are the basis for HBM demand. The report predicts that the AI investment growth rate of 10 major tech companies will drop significantly from 52% this year to 8% next year.

This contrasts with Bloomberg's forecast of a 33.7% increase this year and a 13.4% increase next year for 13 major tech companies. Mizuho Securities also stated, "The HBM market will continue to grow as AI server investments increase."

Morgan Stanley also expects general DRAM to peak in the fourth quarter of this year and decline from next year until 2026, citing the lack of recovery in IT product consumption that uses semiconductors.

The global PC and smartphone markets are indeed sluggish, with reports indicating that the pre-order volume for Apple's 'iPhone 16' series during the first weekend of its release decreased by 13% compared to its predecessor.

However, Samsung Electronics and SK Hynix stated, "The demand for memory for smartphones and PCs is neither decreasing nor increasing."

Many believe that Morgan Stanley's outlook on the general DRAM market is overly pessimistic about the "mismatch between supply and demand." Morgan Stanley cited next year's memory capital expenditure reaching $100 billion (about 133 trillion won) as one of the reasons for the oversupply. However, considering that semiconductor companies are focusing on high-value products like HBM and enterprise SSDs, many analysts believe that the possibility of an oversupply of general DRAM is low.
Morgan Stanley's dismissal of Samsung Electronics and SK Hynix's claim that "focusing on HBM production will inevitably reduce the supply of general DRAM" as "baseless" also lowers the credibility of the report. Additionally, the report omitted the growing market for AI PCs and AI phones, which use more than twice the amount of general DRAM and NAND flash as regular products.
An industry insider criticized, "Morgan Stanley has often shown an ‘Indian rain dance’ behavior, continuously issuing negative reports until the market downturn."

Kim Eun-jin

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Singapore is the only Southeast Asian city on a ranking of centi-millionaires—and that could be good for its economy​

Lionel Lim
Wed, 18 September 2024 at 1:19 am SGT3-min read

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Ore Huiying—Bloomberg/Getty Images
Singapore ranks high among cities in terms of the cost of living—and it’s also very popular with rich people.
A report by Henley & Partners, using data from New World Wealth, released Tuesday ranked the city-state 6th in a list of top 50 cities for ‘centi-millionaires,’ a term used to describe individuals with liquid investable assets of $100 million or more. Henley & Partners says there are 29,350 of such individuals globally, and Singapore is home to 336 of them.
Henley & Partners—which offers investment management services for wealthy people, especially to help individuals gain permanent residence or citizenship—points out nearly two-thirds of the top 50 cities offer investment-migration programs.
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Having a bigger pool of centi-millionaires could potentially be a good thing. The report, quoting New World Wealth’s head of research Andrew Amoils, said business started by centi-millionaires have “significant spillover effect on the middle-class” because of the creation of large numbers of well-paying jobs in their base country. It added that most companies on the Fortune 500 or on major stock indexes were started by individuals who subsequently became centi-millionaires.
Singapore is the only Southeast Asian city on the list that’s dominated by American and Chinese cities.
A third of the world’s centi-millionaires live in the top 50 cities. New York City is currently the top home for those people with 744 resident centi-millionaires, followed by the Bay Area (675) and Los Angeles (496) super rich residents. In total, there are 15 American cities on the list
Many desi millionaires too. :unsure:
 
Can trust their stats and words shit also can be eaten.

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How many times will you be lied to before you stop believing any words and every words that they say???

How many times MIWs lied and lied and lied to us all from the days of smear of shit on sole of shoe LKY?

How many times will you be lied to before you stop believing any words and every words that they say???

How many times MIWs lied and lied and lied to us all from the days of smear of shit on sole of shoe LKY?

How many times will you be lied to before you stop believing any words and every words that they say???

How many times MIWs lied and lied and lied to us all from the days of smear of shit on sole of shoe LKY?



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Singapore

Singapore’s population rises to historic high of 6.04 million, mainly due to growth in non-resident population​

This is the first time the country’s population has exceeded six million.
Singapore’s population rises to historic high of 6.04 million, mainly due to growth in non-resident population

File photo of people crossing the street at the central business district (CBD) in Singapore. (Photo: CNA/Syamil Sapari)

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Vanessa Lim
Vanessa Lim
24 Sep 2024 04:00PM
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SINGAPORE: For the first time, Singapore’s total population has exceeded six million, mainly due to the growth in the non-resident population.
As of June this year, the country’s population stood at 6.04 million, a 2 per cent increase from last year.
The figures were published on Tuesday (Sep 24) in the annual Population in Brief report by the National Population and Talent Division (NPTD) of the Prime Minister’s Office and its partner agencies.
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Haha…same old dirty trick by politicians. Don’t they have something fresher?
PAP is one big fucking scammer. Play with language.

Singapore Residents includes thousands and thousands of foreigners who have been granted Permanent Residency status here.

Fucking Scammer Political Party.
Can trust their stats and words shit also can be eaten.
You are sharp.

It is disheartening that they are in denial.
ALL govts lie thru mainstream media propaganda...period

Hi guys,

The reason I post my reply now is that I just got the latest information leak.

Most of the Singaporean citizens included in the figures in the press release by MOM on September 17 earned on average a maximum of S$2,500 gross per month.
 
0.5 mil PRs is obviously a lie with how many new PRs they been handing out every year. How many current PRs not living in SG u tell me? Oppies better get to the bottom of things. :mad:
 
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And for what purpose those 12 National Servicemen were injured for?

To train to fight for MIWs to continue their tiewing and kanning and fucking of Singaporeans?

Worthy cause to train for?

be tiewed and to see your sons and daughters and father and mother to be tiewed and kanned and fucked by MIWs?
 
Hi guys,

The reason I post my reply now is that I just got the latest information leak.

Most of the Singaporean citizens included in the figures in the press release by MOM on September 17 earned on average a maximum of S$2,500 gross per month.
This year, I know a PRC NUS grad and a Malaysian SMU grad secured $8000 and $13,000 respectively in a local AMDK bank.

They wun hire Singapore male fresh grads
 
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And for what purpose those 12 National Servicemen were injured for?

To train to fight for MIWs to continue their tiewing and kanning and fucking of Singaporeans?

Worthy cause to train for?

be tiewed and to see your sons and daughters and father and mother to be tiewed and kanned and fucked by MIWs?

We should ask why those who get injured or killed are usually the NSF or reservists?

After completing my NSF and reservist obligations, I concluded that regulars always hide behind and let NSF and reservists die first.
 
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