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Tech Stock to CHIONG!!!!???
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alexmay
Veteran |
29-Jan-2007 14:18
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UTAC is maintaining its going going going up Ye....pee |
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singaporegal
Supreme |
26-Jan-2007 21:44
Yells: "Female TA nut" |
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Uptrend still intact |
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ksjlmp
Member |
26-Jan-2007 19:48
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All hell broke loose so what do u think? hahhahahha.....let us smile all the way to the bank..... |
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spurs88
Senior |
26-Jan-2007 17:45
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All broking house upgrade........... then who is selling?????????????? Hopefully, next week will CHIONG!!!!!!!!!! |
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marky27
Member |
26-Jan-2007 14:57
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Citigroup United Test & Assembly (UTAC.SI) ? Upgrade to Buy: Clear Signals Emerging for a Positive U-Turn ? We upgrade UTAC from Hold (2M) to Buy (1M) and raise our target price from S$0.85 to S$1.05, based on 1-1.5x 08E P/B. Current volatility in the semiconductor sector due to ongoing inventory adjustment presents buying opportunities as UTAC is positioned to benefit from the industry recovery in 2H07. Our view is also supported by UTAC's strong 4Q06 results and upbeat full-year outlook, which implies the worst is over for the company. |
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EastonBay
Master |
26-Jan-2007 11:01
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From CIMB-GK United Test & Assembly Centre (S$0.83) ? 4QFY06 results - Back on the growth path ? Above expectations. UTAC rebounded strongly following a disappointing 3Q06, with
4Q06 earnings of US$23m that beat our expectations by 30%. Consequently, UTAC?s
FY06 earnings of US$77m beat ours and consensus? earnings estimates by 9% and
5%, respectively. The strong 4Q06 performance was driven by surging revenue, which
grew to US$184m (+13.7% qoq), beating management?s guidance of 0-5% qoq growth.
Revenue strength was broad-based, led by DRAM, while MSLP recovered from 3Q06?s
poor performance and Analog ran at close to full capacity. Gross margins recovered by
310bps to 25.7% (in-line with expectations) with the help of strong tester loading that
hit 80% utilisation. Bottom line grew 33% qoq as a result, despite significantly higher
tax rates. 4Q06 earnings of US$23m that beat our expectations by 30%. Consequently, UTAC?s FY06 earnings of US$77m beat ours and consensus? earnings estimates by 9% and 5%, respectively. The strong 4Q06 performance was driven by surging revenue, which grew to US$184m (+13.7% qoq), beating management?s guidance of 0-5% qoq growth. Revenue strength was broad-based, led by DRAM, while MSLP recovered from 3Q06?s poor performance and Analog ran at close to full capacity. Gross margins recovered by 310bps to 25.7% (in-line with expectations) with the help of strong tester loading that hit 80% utilisation. Bottom line grew 33% qoq as a result, despite significantly higher tax rates. ? 1Q07 outlook may offer upside surprise. Management guided for a seasonally
slower 1Q07 with revenues expected to decline by 0-6% qoq. While we expect flat qoq
revenue growth for 1Q07, we believe there is potential upside surprise with DRAM
outlook remaining robust and improved recovery visibility for MSLP clients. slower 1Q07 with revenues expected to decline by 0-6% qoq. While we expect flat qoq revenue growth for 1Q07, we believe there is potential upside surprise with DRAM outlook remaining robust and improved recovery visibility for MSLP clients. ? Rising above higher cost. UTAC?s ability to garner greater allocation from existing
customers, as well as to win new customers, showed up in its robust top-line
performance in 4Q06. This has eased our concerns with UTAC ability to overcome a
higher cost structure from FY06?s hefty US$310m capex. customers, as well as to win new customers, showed up in its robust top-line performance in 4Q06. This has eased our concerns with UTAC ability to overcome a higher cost structure from FY06?s hefty US$310m capex. ? Raising earnings estimates. We raise our FY07-08 estimates by 19% and 24%
respectively to reflect our renewed confidence in UTAC?s ability to drive top-line growth
and overcome the higher cost structure introduced by FY06?s high capex program. We
also reflect our expectations for margin expansion as excess test capacity for MSLP
are utilised on the back of expected demand recovery from key communications
customers. We also introduce our FY09 estimates. respectively to reflect our renewed confidence in UTAC?s ability to drive top-line growth and overcome the higher cost structure introduced by FY06?s high capex program. We also reflect our expectations for margin expansion as excess test capacity for MSLP are utilised on the back of expected demand recovery from key communications customers. We also introduce our FY09 estimates. ? Maintain Outperform, target price raised to S$1.10 from S$0.86. Target price is
raised on the back of (1) upward revision of FY07 earnings by 19%; (2) upgrade of
UTAC?s target CY07 P/BV multiple to 1.5x (mid-cycle valuation), from 1.2x previously,
reflecting our expectation of a recovery in MSLP customer demand as inventory
correction bottoms out by 1Q07. We see UTAC back on the earnings growth path with
attractive valuation of 1.1x CY07 P/BV. Maintain Outperform. raised on the back of (1) upward revision of FY07 earnings by 19%; (2) upgrade of UTAC?s target CY07 P/BV multiple to 1.5x (mid-cycle valuation), from 1.2x previously, reflecting our expectation of a recovery in MSLP customer demand as inventory correction bottoms out by 1Q07. We see UTAC back on the earnings growth path with attractive valuation of 1.1x CY07 P/BV. Maintain Outperform. |
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EastonBay
Master |
26-Jan-2007 10:57
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From DBSV today UTAC Ltd BUY S$0.83 Price Target: 12 month S$ 1.20 UTAC reported 4Q06 earnings that exceeded our estimates and beat its earlier guidance for 0% and 5% growth. For the current quarter, it is guiding for ?6% to 0% q-o-q growth due primarily to lesser number of working days. Besides beating its earlier guidance, the Group also reported stronger profit margin due to higher level of utilisation. Growth was broad based. All three business segments saw sales expand q-oq but memory segment expanded the fastest, growing c.23%. For the current quarter, the Group expects memory business to continue to remain strong. Analog sales should be stable while mixed signal logic sales should expand m-o-m over the quarter. We believe UTAC has dispelled market concerns regarding its overexpansion and the increased borrowings to fund the expansion and acquisition. Its investments should pay off handsomely when demand picks up speed later in 2007, driven by new products and applications. Reiterate BUY. |
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sandbox
Senior |
26-Jan-2007 10:32
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alexmay, Totally agree with you. In fact, it is already picking up. Cheers. |
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alexmay
Veteran |
26-Jan-2007 09:34
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I am not concern, fundamentally sound just release good results and forcast better returns. Just the usual buy on rumours and sell on confirmation. Its has not issue any profit warning and more expansion to meet demands. Just hang in there, it should close firm today. |
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Listener24sg
Member |
26-Jan-2007 09:23
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Dropping fast......should drop to 78c soon. |
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sandbox
Senior |
26-Jan-2007 08:52
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Construction sector has taken a small hit due to recent news.. with the announcement of UTAC's results, we may see a shift to tech stocks.. Cheers. |
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spurs88
Senior |
25-Jan-2007 21:00
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Fantastic set of result.Should shoot past $1 by next week!!!! |
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wait2buy
Member |
25-Jan-2007 18:53
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*** Nap ! Nap ! |
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jackjames
Elite |
25-Jan-2007 18:16
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results is good. should goes up somemore tomorrow! |
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alexmay
Veteran |
25-Jan-2007 18:09
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UTAC reported 82% leap in profit to 76.2 mil for FY 06. but no dividend given. 4Q06 revenue grew 13.7% far exceed guidance of 0%-5%. 4Q06 net profit highest ever at $22.8mil. |
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alexmay
Veteran |
25-Jan-2007 14:32
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DBS target, $1.25. Any guess on the result this evening.? |
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edichan
Member |
25-Jan-2007 14:04
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Its uptrend, why say reverse? This topic is UTAC !!! Daily chart beautiful. After market close result will make another gap up opening tomorrow because its result is far better than Stats. Anyway, Stats price is not lower than yesterday, after this morning announcement. |
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Listener24sg
Member |
25-Jan-2007 12:01
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Tech stocks for now....seems downtrend...wierd! Any comments? |
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EastonBay
Master |
25-Jan-2007 10:46
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Sian, where is our tech rally? Can anyone tell me!!! (crying out loud)Dow at record after tech rally Wed Jan 24, 2007 5:45pm ETNEW YORK (Reuters) - U.S. stocks rose sharply on Wednesday, driving the Dow Jones industrial average to a record high, after profit reports from Yahoo Inc. (YHOO.O: Quote, Profile , Research) and Sun Microsystems Inc. (SUNW.O: Quote, Profile , Research) renewed optimism about tech company profits. AT&T Inc. (T.N: Quote, Profile , Research) shares helped drive the Dow to its record after the company's mobile phone service, Cingular Wireless, added to the positive earnings picture. Cingular reported its profit nearly quadrupled as customer growth beat Wall Street estimates, lifting AT&T's shares almost 4 percent. "Essentially you're just seeing renewed confidence out there in tech growth prospects," said Edward Bretschger, principal of equity sales and trading at First Albany Corp. in New York. "Recent earnings have provided clarity and better visibility into the upcoming quarter." |
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Livermore
Master |
24-Jan-2007 19:52
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Yeah just patient with this one"). It has finally cleared 80c:). Patience is the key......... |
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