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NEW POSITIVE REVIEW OF SEMICON INDUSTRY
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Nostradamus
Supreme |
23-Sep-2006 19:19
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Prices of DDR1 and DDR2 have been on the uptrend since bottoming out in Dec last year. Firmer DRAM prices are indicative of strong demand, which is positive for UTAC. Memory segment accounted for 61% of its sales in 2005, and in 2Q06, DRAM, Flash and other memory types (NOR Flash mainly), accounted for 31%, 9% and 3% of sales respectively. For NAND flash, UTAC remains a key source supplier to one of the major NAND flash memory supplier. The new generation iPod should restore some confidence over NAND flash memory demand over the next 2 quarters and prices should start to firm given improving demand in the holiday quarter. |
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allantanhc
Veteran |
19-Aug-2006 15:05
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Technically, the chart is on up trend and the next resistance is $0.835. Whether or when it will reach there is anybody's guess. It looks quite likely to hit $0.785 with the present momentum. $0.785 is derived by adding $0.715 (last resistance that was broken) and the difference between that and the base of $0.645. May consider taking profit when $0.785 is reached. |
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Nostradamus
Supreme |
18-Aug-2006 23:36
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Hi lowpeckkiyau. Looking at you, it seems that you always chase after stocks because you always buy near their highs. Don't do that! What you should do is buy when everybody is panicking and dumping stocks. Be bold and buy then! You should have bought around $0.64. Now I think the price is on its way down again. |
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sandbox
Senior |
18-Aug-2006 10:53
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It should break that today... Support level at 0.745 is strong. |
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allantanhc
Veteran |
18-Aug-2006 10:51
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Yes, the counter is certainly looking good. As long as there is no hiccups in major markets, it should be able to push further up, the initial target should be $0.76. |
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sandbox
Senior |
18-Aug-2006 10:37
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Hi allantanhc, its looking good so far with top volumes for the pst two days. Still rising based on good reports on this industry. Hope it sustains. lowpeckkiyau - not too sure how to advise you as each has his/her own way of assessing the market. TA or FA? If you look at target price of 0.94 then I would say that it makes sense to average. On the other hand, how often has market reports proved substantial? Guess you need to do some form of homework first. |
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lowpeckkiyau
Member |
18-Aug-2006 08:19
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Aiyoh, yoh, looks like I'm always a loser. Every counter lose money. Sigh! Bought at $1.03, should I buy in to average it now. Every time, I average it, it dips further..... My next quarter resolution, follow closely on si fi advice to pick the right stock to get back my losses.... Dear guru, your advice pl |
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allantanhc
Veteran |
17-Aug-2006 10:40
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Hi, Sandbox. Thanks for the company. All signs are turning positive for technology stocks now. This counter should perform well from here. It has hit 74 cents this morning. Good. |
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sandbox
Senior |
17-Aug-2006 08:42
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Hi allantanhc, Have taken up position at 0.69. Hopefully the analysise is right.. Resistence at the moment stands at 0.725. Hope it can be broken soon. Cheers. |
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allantanhc
Veteran |
16-Aug-2006 18:31
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Well, no right no wrong as long as you are happy. |
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jessie
Senior |
16-Aug-2006 13:21
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I just sold mine this morning at 72.5 cents liao... Take profit to cover some of my other losses. |
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allantanhc
Veteran |
15-Aug-2006 21:27
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UTAC has established a very strong support at $0.655/$0.645. At the current price level ($0.695), there is substantial potential upside. Using Fibonacci, the target price can be set at 0.618 between the last high of $1.10 and the low of $0.645. This works out to $0.93 which is about the same as the TP of $0.94 articulated by UOBKH. Buying at this price with stop loss at $0.64 looks a reasonable risk to take. I am vested. Anyone moving along with me? |
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billywows
Elite |
15-Aug-2006 17:31
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Let me add one important statement to below's article taken from Market watch site: "AMD has vowed to capture 30% of the server processor market by the end of the year. " |
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clownfish75
Senior |
15-Aug-2006 10:28
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AMD's Answer To Intel's Woodcrest: Opteron Rev-F Opteron Rev-F is AMD's first server processor to include integrated virtualization technology that was developed under the code name Pacifica.By Darrell Dunn InformationWeek Those two are at it again. Advanced Micro Devices this week will release its next-generation Opteron processor, its answer to Intel's Woodcrest Xeon 5100 series chips. The Opteron Rev-F is AMD's first server processor to include integrated virtualization technology that was developed under the code name Pacifica, and to use second-gen Double Data Rate memory. The chip initially is available for just dual-core implementations, but AMD says customers will be able to upgrade to quad-core processors when they're available in mid-2007. Microsoft, Novell, and Red Hat were among the software vendors that say they'll tailor their offerings for the new chips. The Opteron Rev-F gives AMD ammunition against Intel's Woodcrest chips, which use its new Core architecture and go a long way in closing the performance gap that AMD has created in the x86 server space over the last two years. AMD's share of the x86 server processor market grew to 25.9% in the second quarter, up from 22.1% in the first quarter, according to Mercury Research. Dell, HP, IBM, and Sun are among the vendors that will offer Opteron and Woodcrest systems to customers. |
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allantanhc
Veteran |
15-Aug-2006 10:21
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The counter has declined by one cent. Opportunity to accumulate on dip? |
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allantanhc
Veteran |
15-Aug-2006 10:18
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Thanks, Singaporegal. |
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singaporegal
Supreme |
14-Aug-2006 22:41
Yells: "Female TA nut" |
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thanks... good post for you! |
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allantanhc
Veteran |
14-Aug-2006 11:59
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Source : UOBKH
Positive news flow recently:
TSMC and UMC reported strong sales in July. Both TSMC and UMC
reported strong sales figures in Jul 06. TSMC recorded a 32.2% yoy increase
in sales to NT27.6b. UMC recorded a 30.2% yoy increase in sales to NT9.2b.
Recovery in contract prices for DRAM. Contract prices for DRAM has soared
since 2H July and grew 3-5% in 1H Aug (source: DRAMeXchange). Prices for
DDR DRAM registered higher increases relative to DDR2 DRAM. There is
persistent supply shortage as DRAM makers reduced their inventory levels to
seven days compared to previous 10-14 days.
United Test & Assembly Center (UTAC) will benefit from recovery in DRAM
prices. DDR DRAM volume from Qimonda has recovered since late-June after
the customer increased production capacity. It is scheduled to receive wafers
from Hynix's new Communications customers Freescale and Qualcomm, which will boost
contribution from mixed-signal testing. It is adding more assembly capacity in
Global Testing guided sequential revenue growth of 2% to 6% in 3Q06.
Volume from Sunplus is expected to pick up from middle of 3Q06 due to the
seasonal upswing in preparation for the peak holiday season. Orders from
Realtek (LAN chips) and MStar (LCD controller) is picking up while orders from
Marvell remain strong. Global Testing has secured new projects from Phillips for
DSP for digital TV and power management chips for mobile phones and testing
services has commenced in 3Q06.
Buy recommended with TP of $0.43.
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