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Chartered : $1.05, is it a good entry point?
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tanglinboy
Elite |
10-Jul-2008 21:45
Yells: "hello!" |
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Wah... I haven't check on this stock for some time. Now it is below 70 cents !!! |
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HLJHLJ
Veteran |
09-Jul-2008 14:55
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Short term MA did merge on 23 Jun but poor sentiment dragged it further down. Now short and long term MA not very good. Still not closing up yet. Williams => oversold but can remain oversold. So I'll wait. |
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jasonongsc
Senior |
09-Jul-2008 13:56
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bumped into a friend working in csm this week. all its fabs are full but still the company is making a loss *faint* | ||||
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redash
Member |
09-Jul-2008 00:18
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Dear me... how could I miss this one?! Some body hit me! Er... Not on my ... er not head... Anyone comment on this one? While it stated OVERSOLD on williams... I see that this bugger is rolling down happily and is still rolling down happily... Anyone on this stock care to comment? Not too familiar with this one... |
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HLJHLJ
Veteran |
24-Jun-2008 00:10
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Low vol, MACD mixed but Williams and short-term MA crossover positive. |
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zhuge_liang
Supreme |
24-Jun-2008 00:03
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Deutsche Bank keeps Chartered target price at $1.14; reiterates Buy rating. Says in note that 65nm ramp-up, tempered capex spending and foundries' stance prioritizing profitability over temporary market share gains could improve profitability more than what's already priced in. Also notes downside limited as "further share price erosion will make valuations enticing for Temasek to take Chartered private," expected improvement in operational outlook for 2H08. | ||||
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syrix11
Member |
20-Jun-2008 15:28
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strange... u're expecting the price to fall? if yes, then y buy now?
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Hulumas
Supreme |
20-Jun-2008 15:09
Yells: "INVEST but not TRADE please!" |
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Okay, buy another 35 lots at Sgd. 0.79. will wait Sgd. 0.725 and buy again. | ||||
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zhuge_liang
Supreme |
20-Jun-2008 13:04
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I've never liked this counter. Chartered made losses most of the time. CSM is unable to raise prices to offset rising costs, unlike its bigger rivals. The president of Samsung Electronics' chip business said Thu that a major recovery in the semiconductor industry is unlikely this year because of an increase in production which is leading to price declines. "This year we can expect no big progress in the industry," Kwon Oh-Hyun said following a press conference about the opening of a US$1 billion chip facility in Singapore under a joint venture with Siltronic AG, a unit of Germany's Wacker Chemie AG. "Volume is increasing, but the price erosion is steep." Major memory-chip makers have been suffering from an oversupply of dynamic random access memory, or DRAM, chips over the past year, leading to a sharp decline in prices. DRAM chips are widely used in personal computers. South Korea-based Samsung is the world's biggest maker of memory chips by revenue. Despite the weak market outlook, Kwon said Samsung plans to maintain its shipment growth forecast for both DRAM and NAND flash memory chips as it wants to retain its dominant position in the chip market. In April Samsung raised its DRAM shipment growth forecast to 100% and its NAND shipment forecast to 130%. "We go as planned regardless of market situation because we have a very long-term plan," Kwon said. Analysts have expressed concerns that the South Korean chip maker's aggressive capacity expansion plans despite weak market conditions will likely delay a sector recovery, hurting smaller chip makers that are still coping with massive losses. Kwon said the company's DRAM business is "starting to improve a little bit," but has not seen a major turnaround. Demand for NAND flash memory chips, used in digital cameras and MP3 players, is expected to increase during the third and fourth quarters, but no major recovery is expected, he said. Kwon reiterated that Samsung expects second quarter earnings from its chip business to be "slightly better" than the first quarter. He did not provide specific figures. In April, Samsung said its first quarter net profit rose 37% to KRW2.19 trillion (US$2.1 billion) from KRW1.60 trillion a year earlier. Its chip business posted an operating profit of KRW190 billion on revenue of KRW4.39 trillion. However, the company''s average selling price of DRAM chips fell 20% in the first quarter from the fourth quarter of 2007, while prices of NAND chips slid 30% in the same period. The executive's comments came after Samsung said earlier Thu the new Singapore facility, opened by Samsung's joint venture with Siltronic, will have a monthly production capacity of 300,000 wafers by 2010 and will create more than 800 jobs, also by 2010. The move is aimed at securing a stable supply of 12-inch, or 300-mm wafers used to make chips. |
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Hulumas
Supreme |
13-Jun-2008 19:49
Yells: "INVEST but not TRADE please!" |
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Oh no the worst paper capital loss I have had in this counter since I bought the price at Sgd. 1.23 and accumulate buying doing cost averaging, the price seems moving down ward all the time. I wonder how low can it go? Sgd. 0.7. 0.6 or 0.5??? Any suggestion? Should I cut loss and later buy back at lower price?
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zhuge_liang
Supreme |
13-Jun-2008 00:13
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Global semiconductor sales won't rise as fast as previously forecast this year as competition crimps prices, particularly for memory chips, an industry group said on Wed, helping to send a popular chip stock index down 3.4%. The Semiconductor Industry Association (SIA) sees global chip sales gaining 4.3% to US$266.6 billion in 2008, down from a growth forecast of 7.7% issued in Nov. Last week market research firm Gartner forecast global chip revenue would increase 4.6% to US$286.5 billion this year, up from its Feb estimate of a 3.4% rise. The SIA also said it expected chip sales to rise at a compound annual growth rate of 6.1% through 2011. In its midyear update, the association said it saw slower growth for 2008 despite healthy demand for products such as mobile phones and personal computers. |
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des_khor
Supreme |
11-Jun-2008 11:08
Yells: "Tell me who is the God or MFT from this forum??" |
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Haha !! just kidding !! cheers...
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cyjjerry85
Elite |
11-Jun-2008 10:51
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hahha` des...shorting 900 lots at let's say $0.84...tt amount is huge to play man.. $756,000
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des_khor
Supreme |
11-Jun-2008 10:10
Yells: "Tell me who is the God or MFT from this forum??" |
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Maybe can try to short 900 lots to see is it true or false ??
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cyjjerry85
Elite |
11-Jun-2008 10:03
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after seeing ChannelNewsAsia and also today news article...on publicizing more widely towards Chartered profit warning..i thought today this counter will come down...but it seem to be quite steady..even went to the greens early morning | ||||
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cyjjerry85
Elite |
10-Jun-2008 15:04
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just saw the queue at $0.84 with a volume of more than 900 lots...dunno if tt's a false queue in standing | ||||
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cyjjerry85
Elite |
10-Jun-2008 14:13
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ZhugeLiang...u often have the most updated news...thks...i would have thought Chartered might be the green among all the red today as in the early morning period...but now see this profit warning...its really disappointing again...they are gonna announce their results on 25 July before market opens |
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zhuge_liang
Supreme |
10-Jun-2008 13:15
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Profit warning! Chartered Semiconductor Manufacturing In contrast to its bigger Taiwanese rivals TSMC and UMC, Chartered is struggling with rising costs and falling profitability amid sluggish demand. Analysts say Chartered could benefit from being acquired by a larger rival or merging with a peer to increase scale and broaden its customer base. The company said last month it was open to strategic investors. "This quarter will not be good, and the question is whether things could improve -- I think H2 would be pretty dicey for Chartered, because the economic outlook still remains very unclear," OCBC analyst Carey Wong said. "There's a chance Chartered could slide into the red later this year -- we're forecasting borderline performance, between break-even and a small profit. We're also running through our numbers to see if we need to do any downgrades." Despite the lower gross profit estimate, Chartered "Our business outlook remains essentially unchanged. However, we expect our gross profit to be lower by approximately US$15 million compared to the midpoint of our prior guidance, due to increased costs," said Chartered Chief Financial Officer George Thomas said in a statement. The company's midpoint gross profit guidance is now US$66 million, down from US$81 million. Thomas said Chartered, which will report Q2 results on Jul 25, had been hit by a build-up of inventory, higher depreciation charges for one of its plants and the weaker US dollar. Dealers saying the stock remained underpinned by speculative buying on hopes the firm might be bought out. "People buy the stock not for its operating performance, but because the company is a target for takeover," said a dealer who declined to be identified. Chartered, which is valued at around US$1.6 billion, ranks alongside China's Semiconductor Manufacturing International Corp in the market for custom-built microchips.TSMC and UMC dominate the market. According to investment bankers, Chartered had held talks with SMIC late last year on a possible strategic investment by the latter. Citigroup was said to be advising Chartered on the deal, but the talks fell through. Temasek Holdings controls about 51% of Chartered, according to Thomson Reuters data. In Q1, Chartered posted a 62% drop in quarterly profit on as demand for video game consoles, personal computers and communication equipment weakened. In contrast, industry leader TSMC last month said its Apr sales rose by a quarter from a year ago, thanks to a pick-up in demand for computers and other consumer gadgets. "Size really does matter," said OCBC's Wong. "Price pressure is something everyone in the industry is facing, but because TSMC and UMC are bigger, they are in a better position to pass on the costs to their customers." Two weeks ago, TSMC said it was considering raising prices for its high-end microchips as rising costs threaten to squeeze profit margins. |
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xingglobal
Member |
09-Jun-2008 22:57
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Chartered is at a good price and offers higher value in the near future.. especially it is preparing for the upturn by investing in building up its capability and capacity...
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cyjjerry85
Elite |
08-Jun-2008 20:42
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ya really sianz...that time when it slipped from a dollar stock to become a penny stock...it just continued going down and i remembered quite alot of people say it was a good bargain...in the end it continued slipping further and further down...negative news breed into this counter quite constantly...sigh*
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