“Global semiconductor industry sales chalked up US$47.6 billion ($63.8 billion) during the month of January, an increase of 15% y-o-y according to The Semiconductor Industry Association (SIA),” the team writes.
The Singapore research team at RHB Bank Singapore has upgraded Riverstone to “buy” from “neutral” as it is in a “sweet spot” to capitalise on the recovery of global semiconductor sales.
The team has resumed coverage on the counter on March 21 after the re-allocation of internal resources.
