Individual Investor Gyokusuke Limited: Semiconductor/component related matters are strong! Expectations for developments involving even stronger popular stocks [FISCO Social Reporter]

Fisco Japan · May 11 09:00

以下は、フィスコソーシャルレポーターの個人投資家「有限亭玉介」氏（ブログ：儲かる株情報「猫旦那のお株は天井知らず」）が執筆したコメントです。フィスコでは、情報を積極的に発信する個人の方と連携し、より多様な情報を投資家の皆様に向けて発信することに努めております。

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※2024年5月6日10時に執筆

米長期金利の上昇はハイテク株にとって厳しい環境ですが、少しずつ相場も落ち着いてきたようです。売られすぎた好業績で成長性のある銘柄は、ここから反発へ向かうのかを監視しておきたいところです。

改めまして株＆猫ブログ「儲かる株情報『猫旦那のお株は天井知らず』」を執筆しております、有限亭玉介と申します。

5月2日、韓国の半導体製造会社であるSKハイニックスは高帯域幅メモリー（HBM）の2025年の生産は受注でほぼ埋まり、エヌビディア製アクセラレータと連携する準備を整えていると本社で開かれた記者会見で明らかにしました。AI半導体の勢いは留まる事を知らず、まだまだ伸びしろがあるように思えますねぇ。

気になる米国経済は、米労働省が5月3日に発表した4月の雇用統計が市場予想を下回る結果となりました。この結果を受けて、米FRBが利下げを実施する口実が出来たはずです。そうなれば、半導体などのハイテク株が物色され始めるのではないでしょうか。為替も雇用統計発表後に一気に1ドル151円台まで円高へ振れました。

あたくしとしては、叩き売りが続いていたハイテク・グロース株が利下げを機にトレンド転換へ向かって欲しいと願うばかりです。グロースとは、名の通り将来性や成長性を秘めた銘柄が多いですから、半導体に関連銘柄も数多くあります。大型バリュー株が上昇した後に、小型グロース株も続くという流れに期待したいもんですな。

さて、米金利の利下げへの思惑から外部環境は改善へ向かうのか。上値が重い期間が続きますが、チャートがブレずに底堅い推移を維持している銘柄は、市場期待の高い銘柄と言えるかもしれません。今回はそんな半導体、そして半導体部材関連までチェックして参ります。

半導体洗浄やエッチング工程などで使われるフッ素高純度薬品（超高純度フッ化水素酸）で世界シェアトップのステラケミファ＜4109＞は、底を打って切り返すと25日線を上抜いてきました。5月10日の決算発表を通過して、チャートはどうなるか監視中。

半導体製造用化学化合物が堅調なトリケミカル研究所＜4369＞は、AIサーバーの拡大を背景にHBM（広帯域メモリー）向け「High-K」で思惑がある模様。3月に付けた高値5430円を上抜けば、上昇トレンドを形成する可能性もあると見ております。

半導体シリコン大手のトクヤマ＜4043＞は、直近で年初来高値を更新しましたな。PER・PBRは割安で、4月26日の決算で増配を発表するなど業績好調です。決算と併せて発表した「資本コストや株価を意識した経営の実現に向けた対応について」も好感されました。

感光性材料大手の東洋合成工業＜4970＞は、下落基調から反発するタイミングを探っております。5月10日の決算発表を通過して、25年3月期の業績予想も気になるところです。AR用UVナノインプリント樹脂でも思惑があり、チャートは25日線を上抜けるか注視しております。

半導体需要の高まりで同社子会社が手掛ける水晶デバイスなどで思惑のある三井松島HD＜1518＞も、ここまで業績は好調さを維持しており、株価もPER3倍以下、PBRも0.6倍台とかなり割安ですねぇ。2022年8月高値4590円から保ち合いが継続していますが、5月13日の決算を通過してどのように動くか注目中です。

最後は半導体製造向けフォトレジスト用樹脂を手掛ける群栄化学工業＜4229＞です。PBRは1倍割れの割安水準でありながら、2月15日には上方修正を併せて増配も発表しております。直近では75日線を割って下げ止まったように見えますので、5月14日の決算発表も要チェックです。

さて、ちょっとお話が長くなりましたが、あたくしのブログではそんな「今強含んでいる個別株・テーマ株」を紹介しています。お暇があれば覗いてみてやってください。愛猫「アル」と共にお待ち申し上げております。

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執筆者名：有限亭玉介

ブログ名：猫旦那のお株は天井知らず

Below is a comment written by FISCO Social Reporter's individual investor “Tamasuke Limited” (blog: Profitable Stock Information “Cat Husband's Stock Knows No Ceiling”). FISCO is working to disseminate more diverse information to investors by cooperating with individuals who actively disseminate information.

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※Written at 10:00 on 2024/5/6

The rise in long-term US interest rates is a tough environment for high-tech stocks, but it seems that the market price has settled down little by little. I would like to monitor whether stocks with good performance and growth potential that have been oversold will move towards a rebound from here on.

Once again, my name is Kyusuke Limited, and I'm writing the stock & cat blog “Profitable Stock Information “Cat Husband's Stock Knows No Ceiling”.

On 5/2, SK Hynix, a Korean semiconductor manufacturing company, revealed at a press conference held at the head office that production of high-bandwidth memory (HBM) in 2025 has almost been filled with orders, and preparations are being made to cooperate with NVIDIA accelerators. The momentum of AI semiconductors is unstoppable, and it seems like there is still room for growth.

Concerned about the US economy, employment statistics for April announced by the US Department of Labor on 5/3 fell short of market expectations. In response to these results, an excuse should have been created for the US Federal Reserve to implement interest rate cuts. If that happens, I think high-tech stocks such as semiconductors will begin to be searched. The exchange rate also quickly depreciated to the 151 yen level per dollar after the employment statistics were announced.

As for me, I can only hope that high-tech growth stocks, which have continued to be hammered, will move towards a trend change due to interest rate cuts. Growth, as the name suggests, has many brands with hidden future potential and growth potential, so there are also many semiconductor-related brands. I would like to look forward to a trend where small growth stocks will continue after large value stocks have risen.

Now, will the external environment improve from speculation about cutting US interest rates? The period of heavy appreciation continues, but stocks that have maintained a steady trend without blurring on the chart may be said to be stocks with high market expectations. This time, we are going to check such semiconductors and even those related to semiconductor components.

Stellar Chemifa ＜4109＞, which has the world's top market share for high-purity fluorine chemicals (ultra-high purity hydrofluoric acid) used in semiconductor cleaning and etching processes, etc., has surpassed the 25th line when it hit bottom and switched back. We have passed the financial results announcement on 5/10, and we are monitoring what will happen to the chart.

The Trichemical Research Institute (4369), which has strong chemical compounds for semiconductor manufacturing, seems to have speculations about “High-K” for HBM (broadband memory) against the backdrop of the expansion of AI servers. We believe that if it breaks above the high price of 5430 yen set in March, there is a possibility that an uptrend will form.

Tokuyama (4043), a major semiconductor silicon company, recently hit a year-to-date high. PER/PBR are undervalued, and performance is strong, with dividend increases announced in the 4/26 financial results. The “Response to Realization of Management Aware of Capital Costs and Stock Prices,” which was announced along with financial results, was also well received.

Toyo Gosei Kogyo (4970), a major photosensitive materials company, is looking for a timing to rebound from a downward trend. We have passed the financial results announcement on 5/10, and I'm worried about the earnings forecast for the fiscal year ending 25/3. There are speculations about UV nanoimprint resins for AR, and we are watching closely to see if the chart will pass above the 25th line.

Mitsui Matsushima HD (1518), which is speculated about crystal devices handled by the company's subsidiary due to rising demand for semiconductors, has maintained strong performance up to this point, and the stock price is under 3 times PER, and PBR is also quite cheap at 0.6 times. The balance has continued since the 2022/8 high price of 4590 yen, but we are watching how it will move after passing the financial results on 5/13.

The last one is Gunei Chemical Industries (4229), which handles photoresist resins for semiconductor manufacturing. Although PBR is at a discount level of 1 times, an increase in dividends was announced along with an upward revision on 2/15. Recently, it seems that the decline has stopped after breaking the 75-day line, so be sure to check the financial results announcement on 5/14 as well.

Well, I've been talking a bit long, but my blog introduces such “individual stocks and theme stocks that are strong now.” If you have free time, please take a look. We look forward to seeing you with our beloved cat “Al.”

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Author's name: Gyokusuke Kotei

Blog name: Cat Husband's Stock Knows No Ceiling

The translation is provided by third-party software.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.

個人投資家・有限亭玉介：半導体・部材関連が堅調！人気化銘柄がさらに強含む展開に期待【FISCOソーシャルレポーター】

Individual Investor Gyokusuke Limited: Semiconductor/component related matters are strong! Expectations for developments involving even stronger popular stocks [FISCO Social Reporter]

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