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Showing posts with label Huawei ban. Show all posts
Showing posts with label Huawei ban. Show all posts

Sunday, February 23, 2020

The good, the bad and the ugly: Chinese hits back at U.S. claim of "Huawei threat" ....

 

Chinese diplomat hits back at U.S. claim of "Huawei threat" https://youtu.be/taIYEG-HYx4

https://youtu.be/dhR0r8XsFx0

Chinese FM: U.S. accusations against China are 'lies'  

US warnings about China are lies, Foreign Minister Wang says

https://youtu.be/bI56Ezv3iZQ

https://youtu.be/kBr0Ha958-s

It takes all kinds to dominate in a world obsessed with economic might and political power.


AS a young boy growing up in the 1960s, I watched many Western movies and TV shows about cowboys and Red Indians, and as expected of a naïve and ignorant kid, I cheered for the “good” guys – the cowboys.

And because they were portrayed as such, the Red Indians were the “bad” guys to me. They were the savage lot, while the Caucasian men were the civilised group trying to help them. And routinely, the Red Indians would be defeated.

As I reached my teenage years and read more about the West, I realised that my supposed heroes were the ones who robbed these natives of their land, violated treaties and consigned the Red Indians to living on reservations.

The most famous Red Indian, Geronimo, the head of the Chiricahua Apaches, and his men were arrested and despatched to Florida as prisoners of war. Some of them were even discarded at crocodile-infested swamps.

Fast forward to contemporary Hollywood movies – the modern-day bad guys are always the Russians, Albanians and Arabs.

They are usually portrayed as one of brutal spies, criminals, human traffickers, drug dealers and terrorists, and in more lurid plots, all the above.

In The Equalizer, Denzel Washington, who plays a former intelligence agency man latterly driving a cab, goes after sadistic Russian gangsters and predictably, decides to kill all of them – in equally brutal ways.

In the John Wick movie series, Keanu Reeves also goes ballistic going after some Russians.

For some reason, all these ex-operatives are reclusive, divorced or widowed, still connected to their agencies, and as always, their loved ones get harmed (mostly killed) by the Russians, which invariably leads them to needing to settle the score.

Albanians hit the big time after the 2008 movie, Taken, which starred Liam Neeson, who plays Bryan Mills, another retired CIA operative whose teenage daughter and friend get kidnapped by human traffickers (Albanians) while holidaying in France.

In Taken 2, the 2012 sequel, the film follows the family to Istanbul, only to be kidnapped yet again, along with his former wife, by the father of one of the men he killed while saving his daughter two years previously.

It wasn’t just the Albanians who suffered from bad press as until today, my wife still refuses to go to Istanbul – as a result of the movie.

Fortunately for me, I have been to Albania. It’s a beautiful country with good people, and nothing like what the movies depict.

In the case of Arabs, we are accustomed to seeing them portrayed in poor light. They were womanising oil sheikhs at one time and are now mostly barbaric terrorists. Scenes with them are stereotypically sound tracked to the call of the Azan.

Mexicans, typically, are drug dealers. Likewise, Colombians, Cubans and Venezuelans. Well, in the movies, at least.

The hip hop loving African Americans in the United States, with their bling and bad attitude, are a dangerous lot. And thanks to their racist slurs, smaller Asians like us avoid antagonising them.

The latest bad guys are the Chinese. However, Hollywood isn’t quite ready to cast them as the standard stereotype because they are explicitly aware of mainlanders having plenty of clout.

Experts predict that by 2020, China will be the world’s largest cinema market, with box office revenue expected to leap from US$9.9 billion (RM41bil) in 2018 to US$15.5 billion (RM65bil) by 2023, according to a report by PricewaterhouseCoopers (PwC). In the first quarter of 2018, China surpassed the US in box office revenue for the first time.

It has been reported that China is presently Hollywood’s biggest foreign market, and according to projections by PwC, this year, the Chinese box office will likely rake in US$11.05 billion (RM46bil) compared to ticket sales in the US, which is expected to amount to US$2.11 billion (RM8.8bil).

So, unlike with other nationalities, Hollywood won’t mess around with the Chinese anytime soon.

Failed Hollywood movies, like The Terminator: Dark Fate, which starred Arnold Schwarzenegger, were rescued by the box offices in China.

Hollywood understands the power of money well. In fact, Christopher Nolan’s Dark Knight wasn’t even submitted for Chinese approval because of a dubious Chinese businessman character in the 2008 Batman movie. But in the Western media, whether in the US, Europe or Australia, China is being painted negatively, in a blatantly concerted way.

Everything from Huawei, to face recognition and to Xinjiang, and now Coronavirus, China has been the bogeyman.

The elephant-in-the-room theory is that the US wants a “freed Tibet” because it’s angling to build an air base that can send jets into China within minutes.

Adding to the spin doctoring, rioters and vandals in Hong Kong are relentlessly referred to as pro-democracy protestors to burn in the minds of the audience that they are the good guys.

HK policemen are painted as brutal when, ironically, tougher tactics are applied elsewhere, including by the American police.

The US is disturbed by the South China Sea, although it’s thousands of miles away and isn’t even a claimant. It’s strange when you think it has military bases in the Philippines and the vicinity.

The disdain for China even turned comical at some point. When a group of Vietnamese were found dead in a UK truck last year, newsfeeds initially revealed they were Chinese.

As the media scrambled for answers, one reporter, who was pressed for an answer, told his live audience that they could possibly be Chinese who fled to the UK because of their protests over the Xinjiang issue.

The underlining reason is simple – the Western media no longer wants to report about China in a balanced way, resenting its growth to become an economic power in just 30 years as it sits behind the US as the second largest economy in the world.

The narrative is the same: China should be feared and doubted, while Chinese scholars in the US ought to be treated as spies. And advanced technology better than that in American products be branded spying devices.

Hostility towards China has intensified and with the outbreak of Covid-19, there is no silver lining, what with spins of resenting Chinese president Xi Jinping, concealing figures of casualties, cover up, poor food preparation and filthy eating habits. And there’s also the racist perception that Chinese people are to be avoided and cooked up stories of uprising against Xi Jinping.

Of course, there’s also the twisted religious angle – that the Chinese are being punished, either for their eating habits, or again, the treatment of Muslims in Xinjiang.

The war against China is being waged in various fronts because it is deemed to have threatened the international order dominated by the US and its allies.

It doesn’t matter if the US is led by Donald Trump or a Democrat president, which could be worse, because the end game against China will simply be the same.

The Coronavirus epidemic has damaged the image of the Chinese. Their invincibility and ascent have taken a knock, so Xi Jinping must prove that China can beat this killer virus soon.

It’s a bad time for China nationals still travelling, but then again, even ethnic Chinese elsewhere are affected.

The average American believes everything they watch on CNN or Fox TV. No one should be surprised since only 45% of Americans – or 41.8 million – have been overseas. That’s an improvement, being 9% more than in 2018.

There is a far bigger picture here, one rooted in the concept of master and servant.

Not too long ago, China was a far-away mysterious country where cheap toys, low grade garments and fireworks came from. In the last couple of decades, the most populous country learnt technology well from the west, like how Japan did in the 1980s.

Today, the republic is on the cusp of achieving world domination. And that’s not a point lost on any superior or inferior nation.

Source link


Related posts:

'We lied, we cheated, we stole', ‘the Glory of American experiment’ by US Secretary of State/Ex-CIA director Mike Pompeo 

 


Huawei gaining support despite US ban

 


“Do you ever see the American and other Western media blaming the American democratic political system for failing to address the death...



Wilbur Ross disgracefully cites coronavirus as American opportunity  https://youtu.be/94CYX10BDVw Fear of the unknown.                                         ..                                                                  



I told you so’: Trump showing off a copy of USA Today’s front page featuring his acquittal in the Senate impeachment trial, as he arrived...



The good, the bad and the ugly: Chinese hits back at U.S. claim of "Huawei threat" ....

 

Chinese diplomat hits back at U.S. claim of "Huawei threat" https://youtu.be/taIYEG-HYx4

https://youtu.be/dhR0r8XsFx0

Chinese FM: U.S. accusations against China are 'lies'    https://youtu.be/bI56Ezv3iZQ

It takes all kinds to dominate in a world obsessed with economic might and political power.

AS a young boy growing up in the 1960s, I watched many Western movies and TV shows about cowboys and Red Indians, and as expected of a naïve and ignorant kid, I cheered for the “good” guys – the cowboys.

And because they were portrayed as such, the Red Indians were the “bad” guys to me. They were the savage lot, while the Caucasian men were the civilised group trying to help them. And routinely, the Red Indians would be defeated.

As I reached my teenage years and read more about the West, I realised that my supposed heroes were the ones who robbed these natives of their land, violated treaties and consigned the Red Indians to living on reservations.

The most famous Red Indian, Geronimo, the head of the Chiricahua Apaches, and his men were arrested and despatched to Florida as prisoners of war. Some of them were even discarded at crocodile-infested swamps.

Fast forward to contemporary Hollywood movies – the modern-day bad guys are always the Russians, Albanians and Arabs.

They are usually portrayed as one of brutal spies, criminals, human traffickers, drug dealers and terrorists, and in more lurid plots, all the above.

In The Equalizer, Denzel Washington, who plays a former intelligence agency man latterly driving a cab, goes after sadistic Russian gangsters and predictably, decides to kill all of them – in equally brutal ways.

In the John Wick movie series, Keanu Reeves also goes ballistic going after some Russians.

For some reason, all these ex-operatives are reclusive, divorced or widowed, still connected to their agencies, and as always, their loved ones get harmed (mostly killed) by the Russians, which invariably leads them to needing to settle the score.

Albanians hit the big time after the 2008 movie, Taken, which starred Liam Neeson, who plays Bryan Mills, another retired CIA operative whose teenage daughter and friend get kidnapped by human traffickers (Albanians) while holidaying in France.

In Taken 2, the 2012 sequel, the film follows the family to Istanbul, only to be kidnapped yet again, along with his former wife, by the father of one of the men he killed while saving his daughter two years previously.

It wasn’t just the Albanians who suffered from bad press as until today, my wife still refuses to go to Istanbul – as a result of the movie.

Fortunately for me, I have been to Albania. It’s a beautiful country with good people, and nothing like what the movies depict.

In the case of Arabs, we are accustomed to seeing them portrayed in poor light. They were womanising oil sheikhs at one time and are now mostly barbaric terrorists. Scenes with them are stereotypically sound tracked to the call of the Azan.

Mexicans, typically, are drug dealers. Likewise, Colombians, Cubans and Venezuelans. Well, in the movies, at least.

The hip hop loving African Americans in the United States, with their bling and bad attitude, are a dangerous lot. And thanks to their racist slurs, smaller Asians like us avoid antagonising them.

The latest bad guys are the Chinese. However, Hollywood isn’t quite ready to cast them as the standard stereotype because they are explicitly aware of mainlanders having plenty of clout.

Experts predict that by 2020, China will be the world’s largest cinema market, with box office revenue expected to leap from US$9.9 billion (RM41bil) in 2018 to US$15.5 billion (RM65bil) by 2023, according to a report by PricewaterhouseCoopers (PwC). In the first quarter of 2018, China surpassed the US in box office revenue for the first time.

It has been reported that China is presently Hollywood’s biggest foreign market, and according to projections by PwC, this year, the Chinese box office will likely rake in US$11.05 billion (RM46bil) compared to ticket sales in the US, which is expected to amount to US$2.11 billion (RM8.8bil).

So, unlike with other nationalities, Hollywood won’t mess around with the Chinese anytime soon.

Failed Hollywood movies, like The Terminator: Dark Fate, which starred Arnold Schwarzenegger, were rescued by the box offices in China.

Hollywood understands the power of money well. In fact, Christopher Nolan’s Dark Knight wasn’t even submitted for Chinese approval because of a dubious Chinese businessman character in the 2008 Batman movie. But in the Western media, whether in the US, Europe or Australia, China is being painted negatively, in a blatantly concerted way.

Everything from Huawei, to face recognition and to Xinjiang, and now Coronavirus, China has been the bogeyman.

The elephant-in-the-room theory is that the US wants a “freed Tibet” because it’s angling to build an air base that can send jets into China within minutes.

Adding to the spin doctoring, rioters and vandals in Hong Kong are relentlessly referred to as pro-democracy protestors to burn in the minds of the audience that they are the good guys.

HK policemen are painted as brutal when, ironically, tougher tactics are applied elsewhere, including by the American police.

The US is disturbed by the South China Sea, although it’s thousands of miles away and isn’t even a claimant. It’s strange when you think it has military bases in the Philippines and the vicinity.

The disdain for China even turned comical at some point. When a group of Vietnamese were found dead in a UK truck last year, newsfeeds initially revealed they were Chinese.

As the media scrambled for answers, one reporter, who was pressed for an answer, told his live audience that they could possibly be Chinese who fled to the UK because of their protests over the Xinjiang issue.

The underlining reason is simple – the Western media no longer wants to report about China in a balanced way, resenting its growth to become an economic power in just 30 years as it sits behind the US as the second largest economy in the world.

The narrative is the same: China should be feared and doubted, while Chinese scholars in the US ought to be treated as spies. And advanced technology better than that in American products be branded spying devices.

Hostility towards China has intensified and with the outbreak of Covid-19, there is no silver lining, what with spins of resenting Chinese president Xi Jinping, concealing figures of casualties, cover up, poor food preparation and filthy eating habits. And there’s also the racist perception that Chinese people are to be avoided and cooked up stories of uprising against Xi Jinping.

Of course, there’s also the twisted religious angle – that the Chinese are being punished, either for their eating habits, or again, the treatment of Muslims in Xinjiang.

The war against China is being waged in various fronts because it is deemed to have threatened the international order dominated by the US and its allies.

It doesn’t matter if the US is led by Donald Trump or a Democrat president, which could be worse, because the end game against China will simply be the same.

The Coronavirus epidemic has damaged the image of the Chinese. Their invincibility and ascent have taken a knock, so Xi Jinping must prove that China can beat this killer virus soon.

It’s a bad time for China nationals still travelling, but then again, even ethnic Chinese elsewhere are affected.

The average American believes everything they watch on CNN or Fox TV. No one should be surprised since only 45% of Americans – or 41.8 million – have been overseas. That’s an improvement, being 9% more than in 2018.

There is a far bigger picture here, one rooted in the concept of master and servant.

Not too long ago, China was a far-away mysterious country where cheap toys, low grade garments and fireworks came from. In the last couple of decades, the most populous country learnt technology well from the west, like how Japan did in the 1980s.

Today, the republic is on the cusp of achieving world domination. And that’s not a point lost on any superior or inferior nation.

Source link


Related posts:

'We lied, we cheated, we stole', ‘the Glory of American experiment’ by US Secretary of State/Ex-CIA director Mike Pompeo 

 


Huawei gaining support despite US ban

 


“Do you ever see the American and other Western media blaming the American democratic political system for failing to address the death...



Wilbur Ross disgracefully cites coronavirus as American opportunity  https://youtu.be/94CYX10BDVw Fear of the unknown.                                         ..                                                                  



I told you so’: Trump showing off a copy of USA Today’s front page featuring his acquittal in the Senate impeachment trial, as he arrived...



Monday, July 15, 2019

Trump is the biggest threat

Not much help: Despite his use of tariffs to help skew the playing field in favour of US firms, the very industries Trump has tried to help have become the weakest links in the otherwise solid economy.

WASHINGTON: At rallies and whistle-stop campaign tours, President Donald Trump proclaims a renaissance in US factories rebuilding the nation with “American steel”, “American heart” and “American hands”.

But in reality, despite his relentless use of punitive tariffs to help skew the playing field in favour of US companies, the very industries he has tried to help have become the weakest links in the otherwise solid economy.

With just over a year to go before he faces re-election, Trump takes credit for the most vigorous economy in the industrialised world, with the expansion entering its 11th year and historically low unemployment.

But while services and office jobs dominate the US economy, Trump continues to promote the factory and mining jobs that were the lifeblood of the economy in the last century.

“American steel mills are roaring back to life,” he declared last month in Florida – the same day US Steel announced it would idle plants in Michigan and Indiana until “market conditions improve”.

And to West Virginians he said, “The coal industry is back.”

But in fact each of the sectors Trump has championed – coal mining, steel, aluminium and auto manufacturing – have been buffeted by a combination of market forces and changing technologies – factors beyond his control – or damaged by the very things he did to protect them, economists and analysts say.

Last month, a national survey of manufacturing activity hit its lowest level in nearly three years – narrowly avoiding slipping into contraction – while regional surveys have also seen record declines.

In March, the number of workers in US manufacturing shrank for the first time in nearly two years and it is now growing more slowly than the rest of the American workforce.

Trump has imposed tariffs on hundreds of billions in imports, renegotiated trade agreements and dangled the threat of worse over China and Europe and Mexico – all while publicly browbeating companies that close US factories or move production offshore.

But weak foreign demand, a strong US dollar and a decades-long evolution away from domestic manufacturing have progressively shrunk America’s industrial sector, said Gregory Daco, chief US economist at Oxford Economics.

Trump’s world trade war has not helped either.

“The policies that have been implemented in terms of protectionism have hurt the very sectors they were meant to protect. There’s no escaping that,” Daco said. - AFP/The Star

Read more


China can effectively sanction US companies who sell weapons to Taiwan: experts

The US is deploying a double standard by calling China's proposed sanctions on US companies for arms sales to Taiwan a "foolish action," Chinese mainland analysts said on Sunday, pointing out that the sanctions could not only cut base material supply to these companies including rare earths but also block their non-military products from entering Chinese markets.

The Point: Chinese economic data reveals the winner of trade war

https://youtu.be/iqExpwZh3TE


Related posts:

More people around the world see U.S. power and influence as a ‘major threat’ to their country


The World Will Not Mourn the Decline of U.S. Hegemony In the global political landscape looms a superpower with a military and eco...
Illustration: Liu Rui/GT US President-elect Donald Trump appointed Peter Navarro, a strident critic of China, as head of the new Nat...
https://youtu.be/BgTKh4Rx-LI https://youtu.be/rD1EIaTh6_U After Huawei, U.S. blacklists Chinese supercomputers https://youtu.be...
Uncertainty over the future of US-China economic relations has derailed the once high-flying global equity market, which rose almost 15 per .

Trump is the biggest threat

Not much help: Despite his use of tariffs to help skew the playing field in favour of US firms, the very industries Trump has tried to help have become the weakest links in the otherwise solid economy.

WASHINGTON: At rallies and whistle-stop campaign tours, President Donald Trump proclaims a renaissance in US factories rebuilding the nation with “American steel”, “American heart” and “American hands”.

But in reality, despite his relentless use of punitive tariffs to help skew the playing field in favour of US companies, the very industries he has tried to help have become the weakest links in the otherwise solid economy.

With just over a year to go before he faces re-election, Trump takes credit for the most vigorous economy in the industrialised world, with the expansion entering its 11th year and historically low unemployment.

But while services and office jobs dominate the US economy, Trump continues to promote the factory and mining jobs that were the lifeblood of the economy in the last century.

“American steel mills are roaring back to life,” he declared last month in Florida – the same day US Steel announced it would idle plants in Michigan and Indiana until “market conditions improve”.

And to West Virginians he said, “The coal industry is back.”

But in fact each of the sectors Trump has championed – coal mining, steel, aluminium and auto manufacturing – have been buffeted by a combination of market forces and changing technologies – factors beyond his control – or damaged by the very things he did to protect them, economists and analysts say.

Last month, a national survey of manufacturing activity hit its lowest level in nearly three years – narrowly avoiding slipping into contraction – while regional surveys have also seen record declines.

In March, the number of workers in US manufacturing shrank for the first time in nearly two years and it is now growing more slowly than the rest of the American workforce.

Trump has imposed tariffs on hundreds of billions in imports, renegotiated trade agreements and dangled the threat of worse over China and Europe and Mexico – all while publicly browbeating companies that close US factories or move production offshore.

But weak foreign demand, a strong US dollar and a decades-long evolution away from domestic manufacturing have progressively shrunk America’s industrial sector, said Gregory Daco, chief US economist at Oxford Economics.

Trump’s world trade war has not helped either.

“The policies that have been implemented in terms of protectionism have hurt the very sectors they were meant to protect. There’s no escaping that,” Daco said. - AFP/The Star

Read more


China can effectively sanction US companies who sell weapons to Taiwan: experts

The US is deploying a double standard by calling China's proposed sanctions on US companies for arms sales to Taiwan a "foolish action," Chinese mainland analysts said on Sunday, pointing out that the sanctions could not only cut base material supply to these companies including rare earths but also block their non-military products from entering Chinese markets.

The Point: Chinese economic data reveals the winner of trade war

https://youtu.be/iqExpwZh3TE


Related posts:

More people around the world see U.S. power and influence as a ‘major threat’ to their country



The World Will Not Mourn the Decline of U.S. Hegemony In the global political landscape looms a superpower with a military and eco...
Illustration: Liu Rui/GT US President-elect Donald Trump appointed Peter Navarro, a strident critic of China, as head of the new Nat...
https://youtu.be/BgTKh4Rx-LI https://youtu.be/rD1EIaTh6_U After Huawei, U.S. blacklists Chinese supercomputers https://youtu.be...
Uncertainty over the future of US-China economic relations has derailed the once high-flying global equity market, which rose almost 15 per .

Thursday, May 23, 2019

Huawei ban: Risk or opportunity for M'sian tech companies? US-China trade war a boon


KUALA LUMPUR: It looked like the start of semiconductor manufacturers’ nightmare when US President Donald Trump fired another salvo in the escalating US-China trade war by blacklisting China’s mobile phone equipment giant, Huawei Technologies Co Ltd.

The act sent shock waves along the supply chain of the global semiconductor industry, sparking strong sell-offs in semiconductor companies’ shares worldwide. The same was seen in Malaysia, which caused the Bursa Malaysia Technology Index to sink 3.47% on Tuesday — the biggest loser among the indices — led by companies linked to the industry.

But it may not be a losing battle in the long run, at least not for Malaysian companies. The trade diversion that will arise from Huawei’s ban in the US, which effectively cuts off US chipmakers from the supply chain of Huawei — the world’s largest provider of networking gear and the second-largest smartphone vendor — may benefit domestic players here.

Pentamaster Group Bhd co-founder and chairman Chuah Choon Bin told The Edge Financial Daily that he expects the group’s telecommunications segment to see a 20% to 30% decline in sales as a result of Huawei’s blacklisting in the US. The contraction may take away some 18% in total sales it anticipates for the year.

However, Chuah said Pentamaster may also stand to benefit from the ban, as he expects China will become more aggressive in ramping up their product developments in the face of what happened to Huawei.

So, he sees a silver lining for the group in the form of trade diverted from US chip suppliers to those located elsewhere, possibly in Malaysia, where Pentamaster supplies chip tester equipment or automated tester equipment.

As such, Chuah does not expect Pentamaster to be greatly affected by Huawei’s ban in the US. In fact, the eventual tally may show Pentamaster gaining from the situation.

Pentamaster was among the technology counters on Bursa Malaysia that took a beating on Tuesday, following the news on Huawei’s ban.

Its shares sank as much as 29 sen on Tuesday to RM4.05, before easing to settle at RM4.10, down 24 sen or 5.53% at market close. It was one of the top losers in Bursa Malaysia’s Technology Index, which retreated to 30.9 points, dragging the FBM KLCI down 0.1% to close at 1,603.74.

Other semiconductor stocks that were badly hit include: Inari Amertron, which fell 10 sen or 6.67% to RM1.40; Mi Technovation Bhd, which was down 11 sen or 6.43% to RM1.60; Globetronics Technology Bhd, which retreated 10 sen or 5.92% to RM1.59; and Frontken Corp Bhd, which fell eight sen or 5.63% to RM1.34.

Nonetheless, the rebound on Wall Street among semiconductor stocks that were bogged down by fears over the trade war’s ripple effects, raised hope that its peers in Malaysia may follow suit, if the upward trend seen on Tuesday is sustainable.

The share price recovery was fuelled by the temporary 90-day reprieve that was granted to Huawei on Monday. The initial ban was to take effect on May 20. The Philadelphia Semiconductor Index gained 2.1% to end a three-day slump on Tuesday.

“The disruption to (the) supply chain will definitely be negative in the short term,” said an analyst who tracks the semiconductor industry, citing as example people who are considering switching mobile phones after the news that Alphabet Inc’s Google would be cutting off the supply of hardware and selected software services to Huawei once the 90 days is up.

“The trade war seems like breaking the supply chain into two ... this is going to be bad in the short term. But if China cannot get their supply from the US, they are likely to turn inwards ... [or to] countries like Malaysia,” the analyst added.

A Singapore-based fund manager commented that Malaysian tech companies presently do not have much to do with Huawei. But the ban is causing everyone in China to sit up and rethink their supply chain strategy. “In short, no one will believe in the US [anymore]. It is not a reliable and credible supplier. What it means is that it is positive for some of those tech companies in Malaysia that can offer what the Chinese need,” he said.

Some analysts, however, have a more cautious stance, saying it is too early to draw any conclusions on the matter given that it is hard to predict any retaliatory moves the two countries could make. The lingering concern remains that any slowdown in international trade volume will not augur well for the world economy, including Malaysia. Meanwhile, some have pointed out that the valuation of Malaysian semiconductor stocks are relatively higher compared with elsewhere.


Read more:


  US-China trade war a boon 



Pentamaster still confident of another record earnings year


Related posts:



https://youtu.be/hRv0QMEwdas https://youtu.be/dtT0rHgJ9-I 《今日关注》是CCTV中文国际频道播出的时事述评栏目。该栏目紧密跟踪国内外重大新闻事件,邀请国内外一流的专家和高级官员梳理新闻来龙去脉,评论新闻事..

China won't accept unequal trade deal

Huawei ban: Risk or opportunity for M'sian tech companies? US-China trade war a boon


KUALA LUMPUR: It looked like the start of semiconductor manufacturers’ nightmare when US President Donald Trump fired another salvo in the escalating US-China trade war by blacklisting China’s mobile phone equipment giant, Huawei Technologies Co Ltd.

The act sent shock waves along the supply chain of the global semiconductor industry, sparking strong sell-offs in semiconductor companies’ shares worldwide. The same was seen in Malaysia, which caused the Bursa Malaysia Technology Index to sink 3.47% on Tuesday — the biggest loser among the indices — led by companies linked to the industry.

But it may not be a losing battle in the long run, at least not for Malaysian companies. The trade diversion that will arise from Huawei’s ban in the US, which effectively cuts off US chipmakers from the supply chain of Huawei — the world’s largest provider of networking gear and the second-largest smartphone vendor — may benefit domestic players here.

Pentamaster Group Bhd co-founder and chairman Chuah Choon Bin told The Edge Financial Daily that he expects the group’s telecommunications segment to see a 20% to 30% decline in sales as a result of Huawei’s blacklisting in the US. The contraction may take away some 18% in total sales it anticipates for the year.

However, Chuah said Pentamaster may also stand to benefit from the ban, as he expects China will become more aggressive in ramping up their product developments in the face of what happened to Huawei.

So, he sees a silver lining for the group in the form of trade diverted from US chip suppliers to those located elsewhere, possibly in Malaysia, where Pentamaster supplies chip tester equipment or automated tester equipment.

As such, Chuah does not expect Pentamaster to be greatly affected by Huawei’s ban in the US. In fact, the eventual tally may show Pentamaster gaining from the situation.

Pentamaster was among the technology counters on Bursa Malaysia that took a beating on Tuesday, following the news on Huawei’s ban.

Its shares sank as much as 29 sen on Tuesday to RM4.05, before easing to settle at RM4.10, down 24 sen or 5.53% at market close. It was one of the top losers in Bursa Malaysia’s Technology Index, which retreated to 30.9 points, dragging the FBM KLCI down 0.1% to close at 1,603.74.

Other semiconductor stocks that were badly hit include: Inari Amertron, which fell 10 sen or 6.67% to RM1.40; Mi Technovation Bhd, which was down 11 sen or 6.43% to RM1.60; Globetronics Technology Bhd, which retreated 10 sen or 5.92% to RM1.59; and Frontken Corp Bhd, which fell eight sen or 5.63% to RM1.34.

Nonetheless, the rebound on Wall Street among semiconductor stocks that were bogged down by fears over the trade war’s ripple effects, raised hope that its peers in Malaysia may follow suit, if the upward trend seen on Tuesday is sustainable.

The share price recovery was fuelled by the temporary 90-day reprieve that was granted to Huawei on Monday. The initial ban was to take effect on May 20. The Philadelphia Semiconductor Index gained 2.1% to end a three-day slump on Tuesday.

“The disruption to (the) supply chain will definitely be negative in the short term,” said an analyst who tracks the semiconductor industry, citing as example people who are considering switching mobile phones after the news that Alphabet Inc’s Google would be cutting off the supply of hardware and selected software services to Huawei once the 90 days is up.

“The trade war seems like breaking the supply chain into two ... this is going to be bad in the short term. But if China cannot get their supply from the US, they are likely to turn inwards ... [or to] countries like Malaysia,” the analyst added.

A Singapore-based fund manager commented that Malaysian tech companies presently do not have much to do with Huawei. But the ban is causing everyone in China to sit up and rethink their supply chain strategy. “In short, no one will believe in the US [anymore]. It is not a reliable and credible supplier. What it means is that it is positive for some of those tech companies in Malaysia that can offer what the Chinese need,” he said.

Some analysts, however, have a more cautious stance, saying it is too early to draw any conclusions on the matter given that it is hard to predict any retaliatory moves the two countries could make. The lingering concern remains that any slowdown in international trade volume will not augur well for the world economy, including Malaysia. Meanwhile, some have pointed out that the valuation of Malaysian semiconductor stocks are relatively higher compared with elsewhere.


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