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Assuming EPS will increase 30% (EPS=3.23) and PE=30, the reasonable price will be 1.00.
WOW….ON Semi (Seremban) forecast soft and descending demand in EV market in Q4.
ON Semi share price drop 21.8% after QR in US market.
ON Semi supply power discrete devices for Tesla and otters China EV factory.
We are not 仙家，by all means go ahead to buy expensive stock. Sales increasing contribute by forex USD appreciation. Maybe can try hit&run on Monday. 61% trade by EPF. If Monday drop, means EPF or directors profit taking.
US stock market, China EV luxury car manufacturing, similar as BMW. EV car using Battery swap system, same concept as changing your phone battery. Long term better car value than Tesla. Company still making loss, but expect to breakeven in 2024.
