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3REN is optimistic about its 2026 outlook, driven by rising demand for AI, ML and HPC, strong growth in the global semiconductor industry, which is expected to reach US$1 trillion by 2027, and increasing industrial digitalization as manufacturers adopt more technology to remain competitive
ASM Automation Group Bhd's subsidiary, Arrow Systems Sdn Bhd, is acquiring a 99-year leasehold plot with a factory in Mukim Hulu Kinta, Perak, for RM2.0 million. The company plans to demolish the existing structure to construct a new facility, funded by RM7.90 million in IPO proceeds, with the project slated for completion between Q1 2027 and Q2 2029.
ASM chart looking quite constructive now with higher lows forming, showing buyers slowly stepping back in. If volume can follow through and break the nearby resistance, momentum may continue to build, but still need to watch price action closely
As a specialized provider of automation solutions and engineering services, 3REN serves critical segments across the global semiconductor and electronics value chain, directly mirroring the operational momentum seen among major industry peers
Chart pattern looking quite solid with that sudden volume breakout today, seems like the someone finally deciding to wake this sleeping giant up from the sideways consolidation
