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Anything up with this counter?Volume building up,price slowly moving up.
longterminvestor ( Date: 09-Apr-2013 16:04) Posted:
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rising back up le.....GLOBALTEST...........$0.083
company keep buying back, but shares keep dropping? keep for ling time liao
Wait for chips recovery, showing signs oreli.
If the NAV is $0.19, in my opinion, I think it
is a safe bet.
commando ( Date: 28-Aug-2010 22:49) Posted:
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I will accumulate and wait for durains to drop to
enjoy the fruits.My strategy is to buy when nobody
want, and sell when everybody want.
i think the NVA still the same. But no movement leh. Wonder when?
Is the NAV still the same??????
star888 ( Date: 16-Nov-2009 22:25) Posted:
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Is the NAV still the same??????
star888 ( Date: 16-Nov-2009 22:25) Posted:
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Yes, chip stocks seem to be a good counters to watch out in the mid to long term gain.
This counter has been the lagger for quite some time now and shall move up once this industry starts to move.
BOSAYOR
AnthonyTan ( Date: 29-Aug-2010 12:10) Posted:
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Invest for mid term.Chips business will pick up
TMSC is doing well lately. Hopefully, this babe
will follow also. My viewpoint, not a call whatsoever.
any comment on this stock? road to recovery?
Technically the stock price is going up, but then again all penny stocks are on the rise. The volume for this stock is thin which make it not really attractive to me.
yap....chip recovery on the way.....watch out for this babe!!!!! vested
Look out for this babe. Trading at 0.09 - 0.095c but, NAV is 0.19c Company huge share buyback recently. Seem like company is quite confident of the chip market recovery.
| GlobalTest | ___3 mths ended Sep 2009___ | Net Loss (S$M)___ | -$3.89 |
GLOBAL TESTING
Major Customer Recovering Strongly S$0.105-GLTE.SI
According to Digitimes.com, after posting losses for
two straight quarters, Global Testing anticipates
it will swing to profits in the second quarter of this
year, with strong orders expected to persist through
the third quarter ending Sept’08.
Global Testing recorded negative gross margins of
32.1% in the fourth quarter of 2007 amid changes
in depreciation accounting methods and asset
impairment losses. The company rebounded though
in the first quarter of 2008 with gross margins of
21.9%, but still reported net losses of US$1.3 million
because of US dollar depreciation.
Global Testing indicated that seasonal weakness
dragged first-quarter utilization rates to a recordlow
at 69%. But as demand for both logic and mixedsignal
ICs have recovered in the second quarter,
the utilization rate should hit 80% this quarter and
sales growth will be in the 5-10% range compared
with the previous quarter. The company anticipates
that gross margins should reach 29% and it is
confident that it will swing to profits in the quarter.
Given that about 30% of its sales come from Marvell,
the positive business outlook at Marvell and the
observed demand recovery has prompted Global
Testing to continue adding new Teradyne testers in
the first half of 2008. The company projects that
demand from handset chips will continue growing,
whereas graphics chip demand will also ramp up in
the third quarter. In addition to solid orders from
Marvell, orders from MStar Semiconductor and
Sunplus Technology are also ramping up.
COMMENTS
1. Since April’08, Marvell’s share price has rallied
sharply from a low of US$10 to a recent high of
US$18 before retracing to US$16 yesterday. This
reflects the company’s better than expected
1Q2008 performance as well as better than
expected 2Q2008 outlook, underpinned by better
than expected orders from Western Digital,
Samsung, Garmin and Research In Motion.
2. Global Testing helps Marvell to test their
semiconductor chips using Teradyne testers.
3. Marvell recently completed the transition of high
volume manufacturing of Xscale processors from
Intel’s legacy fabs to foundry partner TSMC. Global
Testing is a partner to TSMC and helps them test
their chips.
4. The above positive comments from management is
in line with their aggressive share buy back program
since early this year. From early this year till April’08,
the company had repurchased 10% of its outstanding
shares around the 10-11 cents range. However the
stock price has remained flat due to its continued
loss in 1Q2008 as a result of the negative impact
from China’s snowstorm, weak US$ and seasonal
weakness for the entire industry.
5. The improving orders from its major customers
coupled with the stablization of the US$ would likely
see sequential bottom-line improvement from
2Q2008 onwards. However as can be seen from
the company’s history, its business visibility is low
and order momentum can also be extremely volatile
due to their exposure to the volatile semiconductor
industry.
6. The company had recorded its first ever loss last
year of US$27mln due to a US$23mln one-time
writedown of the assets to reduce the useful life
from 9 years to 6 years. Excluding the one-time
charge and improvement in business momentum this
year, consensus is expecting its bottom-line to
improve to US$12mln this year, giving a forward PE
of 6x. Together with its 0.5x price to book and 1x
price to sales, the stock merits an upgrade to BUY.
High possibility of takeover. Will the takeover price be in the region of 25-29 cents? Highly possible if it happens...
SIN : Global Testing, Buy S$0.19 Price Target : 12-Month S$0.28(Prev S$ 0.34) : DBSV
I have posted the summary in my blog at http://www.freewebs.com/henryhts
Sorry should be only $0.28. TP
GlobalTest TP $0.34 (12 mth target price) by DBS Group Research.
http://www.remisiers.org/research//gtc101207%20tp0.28%20dbs.pdf