Server DRAM demand is booming
The memory module manufacturers have always adopted a dividend policy with high dividend yield, and have a good cash yield. Among the module manufacturers that have announced the dividend policy, ADATA (3260) intends to allocate a cash dividend of RMB 6 with a yield of over 8%. Standards, Transcend (2451) also allocated 6 yuan dividends, yield 7.2%, Apacer (8271) proposed to distribute 2.6 yuan in cash dividends, the yield is above 6%, and the overall industry, DRAM still has Rong Jing, Nand flash in the first half of the season for the off-season, estimated the third quarter can be warmer.
From the perspective of the memory industry, the DRAM market conditions continue to be robust and optimistic. Particularly with the demand for cloud and data centers, the demand for Server DRAM is good and the overall DRAM market is still in short supply. In the first half of the year, the price trend is still bullish.
In the field of Nand flash, currently in the off-season, coupled with the unsatisfactory sales of mainstream smart phones, affecting the market demand for Nand flash, the first quarter faced an oversupplied low-season effect, and the price was also under pressure; in addition to this In addition, TLC products are gradually introduced into the market. As the quality of TLC products continues to improve, customers will begin to think about the difference in the price/performance ratio between TLC and MLC products. Whether or not TLC will be replaced by the more price-sensitive retail market in the future I am afraid that there will be fluctuations in the availability of upstream materials and the market side of the existing module plant.
As far as memory module manufacturers are concerned, different manufacturers still focus on e-sports, industrial control, or other peripherals this year. For e-sports products, A-DATA's e-sports brand XPG EMIX I30 in-ear gaming headset has recently launched. With the combination of mobile power and gaming headsets, it will fully attack the gaming business opportunities of E-Sports. Apacer's owns Aurora's Leopard E-Sports and has good RGB control.
In the field of industrial control, due to high gross profit margin and wide application, it is also a battleground for military strategists. Among them, the Apacer IPC market has accounted for about 60% of the revenue, and the company's IPC market share has exceeded 40%.
In the new business segment, A-Europe won the era of pure memory and diversified into new markets, including robotics, motors, etc., but it also complements memory products. Apacer established the Smart Applications Business Unit last year to focus on storage. , providing Internet of Things integration services, CAN Open modules, wireless transmission modules, vehicle networking products, and optical applications, etc.; Transcend will increase niche-type products, and launch products with high price competitiveness and high added value, and hope to increase profits.
From the perspective of the memory industry, the DRAM market conditions continue to be robust and optimistic. Particularly with the demand for cloud and data centers, the demand for Server DRAM is good and the overall DRAM market is still in short supply. In the first half of the year, the price trend is still bullish.
In the field of Nand flash, currently in the off-season, coupled with the unsatisfactory sales of mainstream smart phones, affecting the market demand for Nand flash, the first quarter faced an oversupplied low-season effect, and the price was also under pressure; in addition to this In addition, TLC products are gradually introduced into the market. As the quality of TLC products continues to improve, customers will begin to think about the difference in the price/performance ratio between TLC and MLC products. Whether or not TLC will be replaced by the more price-sensitive retail market in the future I am afraid that there will be fluctuations in the availability of upstream materials and the market side of the existing module plant.
As far as memory module manufacturers are concerned, different manufacturers still focus on e-sports, industrial control, or other peripherals this year. For e-sports products, A-DATA's e-sports brand XPG EMIX I30 in-ear gaming headset has recently launched. With the combination of mobile power and gaming headsets, it will fully attack the gaming business opportunities of E-Sports. Apacer's owns Aurora's Leopard E-Sports and has good RGB control.
In the field of industrial control, due to high gross profit margin and wide application, it is also a battleground for military strategists. Among them, the Apacer IPC market has accounted for about 60% of the revenue, and the company's IPC market share has exceeded 40%.
In the new business segment, A-Europe won the era of pure memory and diversified into new markets, including robotics, motors, etc., but it also complements memory products. Apacer established the Smart Applications Business Unit last year to focus on storage. , providing Internet of Things integration services, CAN Open modules, wireless transmission modules, vehicle networking products, and optical applications, etc.; Transcend will increase niche-type products, and launch products with high price competitiveness and high added value, and hope to increase profits.