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Mass Capacity demand improved sequentially, led
by stronger nearline Cloud more than offsetting
seasonally lower VIA demand
Nearline revenue increased sequentially for the
second consecutive quarter reflecting higher sales
into both US and China cloud customers and
stabilized enterprise demand
VIA market inline with expectations; anticipating VIA
to reflect more typical seasonal patterns through
CY24 with the March quarter representing the low
point
Over the next several years, the volume of AI-generated content is expected to increase and also shift toward more imagery and videos, which can be up to 1,000 times larger than text. These trends bode well for HDD demand over the long term, as HDDs remain the most cost-effective means to house and subsequently use mass capacity data.
WDC 2024 Q1 HDD shipment records the highest exabyte shipped in the last 6 quarters... The turnaround for dufu is real... Either this quarter or next quarter the result would be pretty "heng" again...
for HDD, we see it as all the data that's going to feed that process is going to sit on HDDs. And obviously, once those models get trained, they're going to turn out data that's 85% plus of that is going to be stored on HDD.
Doesn't matter the result good or not, I've already got the answer from the QR. Same as what they said in the AGM, the worst is over and they will start to grow in the upcoming quarters.
It takes time to recover, definitely not a 'V' shape recovery that investors dream of but it's ok :). Just stay invested through the whole upcycle and enjoy the ride.
@Adama, you mean Sam Engineering is it haha.
Very good company, but the current price is not something that I am comfortable with.
Just a heads up, I think most likely they will need to do some corporate activities like issuing right issues or even private placement in the future to support their aggressive growth plan.
@HK Chong
Yes, definitely.
The management purposely release the QR after the AGM session. They also don't wish the price to plummet due to the poor result xD
Investing is all about the improving earnings in the future, not the previous nor current one.
Since the management already mentioned that they will grow at least 10% in HDD and 20% in their metal stamping division, I expect the upcoming QRs will achieve YoY and QoQ growth.
Haha good stuff never cheap. Dont u think they deserve some premium since they did not suffer a huge revenue/profit drop like many other bursa semicon related company. Althought their hdd/sdd equipment segment suffer too last year but their front end segment still continue growing fast.
Their price is already premium in my opinion. It's a great company managed by great managers. No doubt they will continue to grow in this year. But the price isn't that attractive to me at this moment. Just my two cents, cheers.
