14 Aug - UOB-KayHian bullish on Singapore semicon stocks; says likely shortage of wafer fabrication capacity "a plus" for industry, Chartered (C27.SG); rebound in DRAM prices positive for UTAC (U12.SG). On capacity shortage, says industry needs 39 300mm new fabs in next 2 years to meet demand, but only 16 such fabs in initial production; notes medium, smaller-size chip firms will further outsource to foundries, which positive for Chartered. UOB has Buy call on stock with S$1.78 target. UOB says DRAM prices have soared since end July; has Buy on UTAC with S$0.94 target.