for applications as multimedia, communications, computing and networking.Chartered Semiconductor Manufacturing (CSM) provides comprehensive

wafer fabrication services and technologies to semiconductor suppliers and manufacturers

of electronic systems. The company also produces digital logic, analog and memory chips

for applications as multimedia, communications, computing and networking.

Immediate outlook: The stock is still stuck in its 4½ month sideways trend. However,

indicators are already showing positive signs. We believe the stock has built enough

momentum to breakout of its sideways trend. Technical Buy now at S$1.24-1.28 and

place a stop at S$1.15. Short term breakout target is at S$1.36-1.40 (200-day SMA).The stock is still stuck in its 4½ month sideways trend. However,

indicators are already showing positive signs. We believe the stock has built enough

momentum to breakout of its sideways trend. Technical Buy now at S$1.24-1.28 and

place a stop at S$1.15. Short term breakout target is at S$1.36-1.40 (200-day SMA).Technical Buy now at S$1.24-1.28 and

place a stop at S$1.15. Short term breakout target is at S$1.36-1.40 (200-day SMA).

Medium term outlook (2-6 months): Medium term outlook for CSM is neutral but there

are early signs of an upswing taking place soon. MACD has just issued a buy signal while

RSI is slowly edging higher. Both indicators are suggesting that buying momentum is

strong. We believe that long term investors should buy now. There is a strong possibility

that the stock may even retest S$1.62 (its 23.6% Fibonacci retracement level from high of

S$4.85 to low of S$0.615), followed by S$1.90.

{Source: CIMB - 17/10/2006}Medium term outlook for CSM is neutral but there

are early signs of an upswing taking place soon. MACD has just issued a buy signal while

RSI is slowly edging higher. Both indicators are suggesting that buying momentum is

strong. We believe that long term investors should buy now. There is a strong possibility

that the stock may even retest S$1.62 (its 23.6% Fibonacci retracement level from high of

S$4.85 to low of S$0.615), followed by S$1.90.

{Source: CIMB - 17/10/2006}