Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

In today’s report we reiterate our bullish U.S. investment thesis, recap significant technical levels across indexes, and highlight attractive Groups and stocks within Health Care and Technology: Biotech, Mid-Cap, Biotech, Small-Cap, Semiconductors, Large-Cap, and Semiconductors, Mid-Cap..

In today’s report we reiterate our bullish U.S. investment thesis, recap significant technical levels across indexes, and highlight attractive Groups and stocks within Health Care and Technology: Biotech, Mid-Cap, Biotech, Small-Cap, Semiconductors, Large-Cap, and Semiconductors, Mid-Cap..

MSCI ACWI, STOXX 600 Breaking Out, Adding Fuel for Further U.S. Equity Market Rally

Semiconductors, Memory and SSDs Specialist, Objective Analysis

Jim Handy

Semiconductors, Memory and SSDs Specialist

Objective Analysis

Objective Analysis offers third-party independent market research and data for the semiconductor industry and investors in the semiconductor industry.

Semiconductors, Memory and SSDs

Thematic (Sector/Industry)

WSTS (through the Semiconductor Industry Association - SIA) has announced that October semiconductor revenues increased to $36.6 billion, up 2.9% from $35.6 billion in September.  What does this mean for the current cycle?  Although things look good, our optimism is guarded.

WSTS (through the Semiconductor Industry Association - SIA) has announced that October semiconductor revenues increased to $36.6 billion, up 2.9% from $35.6 billion in September.  What does this mean for the current cycle?  Although things look good, our optimism is guarded.

WSTS: Semiconductor Sales Grow Month/Month

Taiwan Tech Focused Senior Analyst

Patrick Liao

Equity Bottom-Up

<ul>
<li>
<a href="https://www.smartkarma.com/entities/silergy-corp" target="_blank" data-smartkarma-citation="entities:13998:1" rel="noopener">Silergy Corp (6415 TT)</a> announced this afternoon that its May revenue grew 31.6% YoY, exceeding the 28% YoY growth recorded in April.</li>
<li>Given the equity market is currently undergoing a correction, if our investment thesis for this year proves correct, we strongly recommend that investors buy more aggressively as the market declines.</li>
<li>
<a href="https://www.smartkarma.com/entities/texas-instruments-inc" target="_blank" data-smartkarma-citation="entities:18804:1" rel="noopener">Texas Instruments (TXN US)</a> is scheduled to raise prices beginning in July this year. We strongly expect that other suppliers will follow with price increases as well.</li>
</ul>



Silergy Corp (6415 TT) announced this afternoon that its May revenue grew 31.6% YoY, exceeding the 28% YoY growth recorded in April.
Given the equity market is currently undergoing a correction, if our investment thesis for this year proves correct, we strongly recommend that investors buy more aggressively as the market declines.

Texas Instruments (TXN US) is scheduled to raise prices beginning in July this year. We strongly expect that other suppliers will follow with price increases as well.


Silergy (6415.TT): Strong May Revenue Growth of 30.6% YoY.

IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

IPOs and Catalysts/Events

Uncompromised, Independent, Conflict-Free Research

Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/sg-micro-corp" target="_blank" data-smartkarma-citation="entities:29768:1" rel="noopener">SG Micro (300661 CH)</a>, a leading analog IC company in China, is pre-marketing an H-Share listing to raise US$600-800 million.   </li>
<li>SG Micro ranked first among domestic companies and eighth among global companies in the China analog IC market as measured by revenue in 2025.</li>
<li>The investment case is bullish due to the strong growth, stable margins, cash generation and a net cash position. However, the A-share valuation is punchy relative to peers.</li>
</ul>



SG Micro (300661 CH), a leading analog IC company in China, is pre-marketing an H-Share listing to raise US$600-800 million.   
SG Micro ranked first among domestic companies and eighth among global companies in the China analog IC market as measured by revenue in 2025.
The investment case is bullish due to the strong growth, stable margins, cash generation and a net cash position. However, the A-share valuation is punchy relative to peers.


SG Micro H Share Listing: The Investment Case

Equity Analyst, LightStream Research

Shifara Samsudeen, FCMA, CGMA

Equity Analyst

Long-Short Analysis on Japan, Asia and the World

LightStream Research

LightStream conducts quantitatively rigorous and data-driven analysis with a focus on Japan and Asia.

We consistently cover the Tech, Consumer and Industrial sectors, and provide ECM and Events coverage more broadly.

We supplement traditional qualitative insights from company relationships with a robust quantitative foundation that examines as much historical data as is available.
We further refine the accuracy of our insights and calls through the use of alternative data to flesh out current trends, and through a valuation framework that emphasises non-superficial peer group selection and a proper attempt to understand the metrics and changes that have driven security valuations in the past.

<ul>
<li>
<a href="https://www.smartkarma.com/entities/sg-micro-corp" target="_blank" data-smartkarma-citation="entities:29768:1" rel="noopener">SG Micro (300661 CH)</a>  is a dominant Chinese analogue and mixed-signal developer with over 4,000 products and is called the Chinese equivalent of <a href="https://www.smartkarma.com/entities/texas-instruments-inc" target="_blank" data-smartkarma-citation="entities:18804:1" rel="noopener">Texas Instruments (TXN US)</a> .</li>
<li>The company has filed for a listing on the HKEx and as per news media outlets, plans to raise around US$800m through the offering.</li>
<li>SG Micro’s top line has seen strong growth over the years while margins have remained stable. The industry is highly competitive and innovation is key to stay ahead of peers.</li>
</ul>



SG Micro (300661 CH)  is a dominant Chinese analogue and mixed-signal developer with over 4,000 products and is called the Chinese equivalent of Texas Instruments (TXN US) .
The company has filed for a listing on the HKEx and as per news media outlets, plans to raise around US$800m through the offering.
SG Micro’s top line has seen strong growth over the years while margins have remained stable. The industry is highly competitive and innovation is key to stay ahead of peers.


SG Micro Corp H-Share Listing: Early Thoughts

United States

Texas Instruments Incorporated operates as a semiconductor design and manufacturing company. The Company develops analog ICs and embedded processors. Texas Instruments has manufacturing or sales operations worldwide.

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Texas Instruments (TXN US)

MSCI ACWI, STOXX 600 Breaking Out, Adding Fuel for Further U.S. Equity Market Rally

In today’s report we reiterate our bullish U.S. investment thesis, recap significant technical levels across indexes, and highlight attractive...

Vermilion Research

WSTS: Semiconductor Sales Grow Month/Month

WSTS (through the Semiconductor Industry Association - SIA) has announced that October semiconductor revenues increased to $36.6 billion, up 2.9%...

Jim Handy

Silergy (6415.TT): Strong May Revenue Growth of 30.6% YoY.

Silergy Corp sees strong revenue growth, Texas Instruments to raise prices in July, investors advised to buy aggressively during market correction.

Patrick Liao

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52-week Range

Market Cap (USDm)

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MSCI ACWI, STOXX 600 Breaking Out, Adding Fuel for Further U.S. Equity Market Rally

In today’s report we reiterate our bullish U.S. investment thesis, recap significant technical levels across indexes, and highlight attractive...

Vermilion Research

WSTS: Semiconductor Sales Grow Month/Month

WSTS (through the Semiconductor Industry Association - SIA) has announced that October semiconductor revenues increased to $36.6 billion, up 2.9%...

Jim Handy

Silergy (6415.TT): Strong May Revenue Growth of 30.6% YoY.

​Silergy Corp sees strong revenue growth, Texas Instruments to raise prices in July, investors advised to buy aggressively during market correction.

Patrick Liao

SG Micro H Share Listing: The Investment Case

SG Micro, a leading analog IC company in China, is pre-marketing an H-Share listing to raise US$600-800 million. In this note, I discuss the...

Arun George

SG Micro Corp H-Share Listing: Early Thoughts

Often called the Chinese equivalent of Texas Instruments, SG Micro Corp has filed for a HKEx listing to raise around US$800m.

Shifara Samsudeen, FCMA, CGMA

Silergy Corp sees strong revenue growth, Texas Instruments to raise prices in July, investors advised to buy aggressively during market correction.