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Will Tech Counter Shine Again
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billywows
Elite |
25-Oct-2006 23:16
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Great news on tech stocks: http://www.marketwatch.com/news/story/Story.aspx?guid=%7B416237F5%2DCDD0%2D455E%2D8B52%2DDBC68F00741F%7D&siteid= |
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allantanhc
Veteran |
13-Oct-2006 11:21
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With banks and property counters running ahead and hitting new highs which in turn push up STI to an all time high, it is about time to look at next wave and laggards. I see good potential for tech stocks in semiconductor industry to power ahead next. Stocks such as UTAC, Global Testing and CSM are trading at or close to the year's low. As pointed out by Nostradamus in his postings, many analysts have now viewed the sector much more favourably. I also anticipate that the 3Q reporting seasons kicking start with CSM on 20 Oct should see some good results and more favourable guidance for 4Q. All said, I reckon it is about time to selectively pick up a couple of tech stocks and add to my portfolio. Personally, I favour Global Testing for its undemanding PE and PB ratios and clearer earing visibility. Technically, MACD just crossed over on 11 Oct and Stochastic crossed over a day earlier. Target is $0.305 which is 50% of retracement between last high of $0.39 and a low of $0.225 reached recently. Vested now. Just for reference and sharing. May be wrong. |
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Nostradamus
Supreme |
11-Oct-2006 19:19
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Chip stocks were higher on hopes that inventory adjustments are ending and that the semiconductor industry is in for a strong fourth quarter, dealers said. "For the fourth quarter, we are 'overweight' on the sector as we believe we should be approaching the end of the inventory adjustment cycle," DBS Vickers said in a note. "The holiday season should help to reduce the inventory surplus, which is being worked into the system currently," it said. "We recommend positioning ahead of the upturn," it said. UTAC, Ellipsiz and Global Testing are DBS Vickers's favored bets in the sector. |
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Nostradamus
Supreme |
11-Oct-2006 19:18
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DBSV has upgraded its rating on the technology sector to "overweight" from "neutral", citing seasonal strength in the fourth quarter. It recommends select exposure in the sector, enumerating UTAC, TPV, Venture, Seksun Corp and Longcheer as its top picks. "We believe tech stocks are poised for recovery in the fourth quarter, thanks to a combination of seasonal demand, falling commodity prices and bombed-out valuations," the brokerage said in a note. Shares of tech stocks are cheaper now than they were two quarters ago, it said. "We are positive on the short-term opportunities for tech stocks in the fourth quarter, and we believe latest profit warnings from US chip companies are narrowly confined to certain sub segments," DBS Vickers said. |
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billywows
Elite |
10-Oct-2006 17:48
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Tech investors bullish on software, storage
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singaporegal
Supreme |
10-Oct-2006 09:35
Yells: "Female TA nut" |
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StatChip - downtrending right now Utac - downtrending too but the fall is more moderate. |
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jasmine
Member |
10-Oct-2006 08:58
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How about StatChip N Utac? |
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scotty
Senior |
10-Oct-2006 08:38
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Specifically which counters? |
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chantel2006
Member |
09-Oct-2006 22:54
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Will the tech counter shine again???? |
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