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It was higher on hopes of a turnaround in earnings in the first quarter to September as it benefits from cheaper flash memory prices, dealers said. They said higher sales ahead of the year end in line with the seasonal surge in demand are also buttressing hopes for a turnaround.
"Creative's first quarter (earnings) should recover as the benefits of cheaper flash (memory products) show through, while we expect better guidance for the second quarter to December on the back of a seasonal uptick," Credit Suisse said in a note to clients.
Credit Suisse rates Creative an "outperform" with a target price of $12.90.
It expects Creative to achieve a net profit of US$11m in the three months to September, reversing the US$13m net loss posted in the quarter to June.
wah, i dindt know i am related to so many counters, if only hor!!
Another name to consider is ChipEngSeng.... just kidding.
Hi billywows, i would rather you call me statschipchip!!!
Chipchip66, you should consider to change your name to "Creative66"?? We will do a name change annoucement for you ya. Heehee!
hi rickytan, tks for your compliments. I hav been watching this counter like a hawk, so that's why my analysis is 'zun' zun'. Cheerz!
wow, chipchip66, you are spot on !
creative will hit $11.00 or more today! Cheerz!
creative will be looking to break resistance level of $10.80 tomorrow. Looking back at the past few weeks it is quite resillient so if Nasdaq performs well tonite, it could hit $11.00 tomorrow.
Creative up 2.30% now in Nasdaq. So, if it closes this way, then Creative will at least be at $10.70 tomorrow???
Sorry, on vol of 244k. Type too fast. Will break resistance of $10.50 tomorrow.
Creative up 10c to $10.50 on vol of 255k.
creative unchanged in nasdaq. Creative bullish trend still intact!
You're rite... it seems very "fragile" now. I like that word... :)
The bollinger bands indicate that something sudden is about to happen to Creative's price.
The bollinger bands indicate that something sudden is about to happen to Creative's price.
Ha! Finally agree with you on this one. Low vol is a sign of fragility. BUT with all negative news factored in and dividends coming in Dec, I should think it will have a firm support level!
low volume is a cause of concern ... shows lack of interest
low vol of 96k but up 20c to $10.40.
425k vol today. Last done at $10.20.
108k done at $10.30. Price earnings coming in a month's time on 25 oct. What kind of announcements? Any projetion estimates? At least we know they have made a USD100m profit!!
Creative up 2c in Nasdaq now!!