Chartered   

Chartered : $1.05, is it a good entry point?

You have to make your own decision and weigh the pros and cons.

 

 

Do you suggest "CUT LOSS" and "BUY LATER" towards this counter?

ticklish8      ( Date: 30-Jan-2009 08:41) Posted: Chartered Posts Biggest Loss in Almost Seven Years (Update1) plus retrench 600 staff.     (Adds investor comment in fourth paragraph.)     By Andrea Tan     Jan. 30 (Bloomberg) – Chartered Semiconductor Manufacturing Ltd., the world’s third-largest custom-chip maker, reported its biggest loss in almost seven years and will eliminate 600 workers amid a deepening global recession.     The fourth-quarter net loss was $114 million, or 46 cents per American depositary receipt, compared with a profit of $5.9 million, or 1 cent, a year earlier, the Singapore-based company said in a statement today. That missed the $81 million median  loss estimate in a Bloomberg survey of five analysts. Sales slipped 0.3 percent to $351.7 million.     Chartered’s loss reflects the slump in electronics demand as clients including Microsoft Corp. cut costs and consumers curb spending amid the economic slowdown. The Singapore chipmaker, which has trimmed pay and fired workers to cope with falling  orders, said losses this quarter will probably widen as demand shrinks further.     “Demand’s not coming back,” Stuart O’Gorman, who helps manage $800 million in technology shares at Henderson Global Investors Ltd. in Edinburgh, said before the earnings announcement. “Most of the chipmakers are going to go out of business and it’s a  very long road.”     Chartered, which makes chips used to power Microsoft’s Xbox 360 game console, fell 4.1 percent to close at 23.5 Singapore cents yesterday.

 

Chartered Posts Biggest Loss in Almost Seven Years (Update1) plus retrench 600 staff.

    (Adds investor comment in fourth paragraph.)
    By Andrea Tan
    Jan. 30 (Bloomberg) – Chartered Semiconductor Manufacturing Ltd., the world’s third-largest custom-chip maker, reported its biggest loss in almost seven years and will eliminate 600 workers amid a deepening global recession.

    The fourth-quarter net loss was $114 million, or 46 cents per American depositary receipt, compared with a profit of $5.9 million, or 1 cent, a year earlier, the Singapore-based company said in a statement today. That missed the $81 million median  loss estimate in a Bloomberg survey of five analysts. Sales slipped 0.3 percent to $351.7 million.

    Chartered’s loss reflects the slump in electronics demand as clients including Microsoft Corp. cut costs and consumers curb spending amid the economic slowdown. The Singapore chipmaker, which has trimmed pay and fired workers to cope with falling  orders, said losses this quarter will probably widen as demand shrinks further.


    “Demand’s not coming back,” Stuart O’Gorman, who helps manage $800 million in technology shares at Henderson Global Investors Ltd. in Edinburgh, said before the earnings announcement. “Most of the chipmakers are going to go out of business and it’s a  very long road.”
   

Chartered, which makes chips used to power Microsoft’s Xbox 360 game console, fell 4.1 percent to close at 23.5 Singapore cents yesterday.

 

Good time and entry price to buy???

singaporegal      ( Date: 28-Jan-2009 21:53) Posted: Large volumes in the past 2 weeks. BBs in action here.

 

Large volumes in the past 2 weeks. BBs in action here.

 

Wah.. this counter spike up so much in the last week!

Some BB see hope in Chartered at last? 

 

Thanks..

idesa168      ( Date: 10-Jan-2009 20:25) Posted: Sound like you have not been following news in the last 3-6 mths...hehehe! We cannot short any counters if we do not have the scripts to deliver at the end of the day. What you are suggesting is naked short and you will be fined for that ($1000+higher brokerage). All shorts positions MUST be covered back at the end of the day. The only way is by CFD, borrowing scrips from your brokers, with a fee. With CFD, you can hold short positions up to 30 days, and CFD will renew your contract. wongmx6      ( Date: 10-Jan-2009 16:26) Posted: Hi All, Please advise, If i short this share on monday and sell it within T+3. Will i violate the regulations of SGX and pay the fine?

 

Sound like you have not been following news in the last 3-6 mths...hehehe!

We cannot short any counters if we do not have the scripts to deliver at the end of the day. What you are suggesting is naked short and you will be fined for that ($1000+higher brokerage).

All shorts positions MUST be covered back at the end of the day. The only way is by CFD, borrowing scrips from your brokers, with a fee. With CFD, you can hold short positions up to 30 days, and CFD will renew your contract.

wongmx6      ( Date: 10-Jan-2009 16:26) Posted: Hi All, Please advise, If i short this share on monday and sell it within T+3. Will i violate the regulations of SGX and pay the fine?

 

Hi All, Please advise,

If i short this share on monday and sell it within T+3. Will i violate the regulations of SGX and pay the fine?

 

Foreign high-powered guy in the life-line dept of Sales & Markting will bode well for Chartered.

 

THANK YOU FOR YOUR ADVICE IM NOT GOING TO PIT UP MONDAY

 

Now, much depends tonite decision on the taking over deal loh. U u bought it today high, then next Mon, u hv to cx your fingers liao.

louis_leecs      ( Date: 09-Jan-2009 23:17) Posted: SO MANY KAKI HERE,,,,,,BUY OR SELL?,,,,,,

 

SO MANY KAKI HERE,,,,,,BUY OR SELL?,,,,,,

 

I seriously wonder what's keeping this company alive. It has always posted losses almost every quarter.

 

From BT

By WINSTON CHAI

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Chartered Semiconductor Manufacturing has announced that its senior vice president of sales and marketing Ang Kay Chai has resigned for 'personal reasons'.

The company said it has started a global talent hunt for a successor to fill the position when he leaves the company at the end of February.

Mr Ang was appointed to his current role in April 2007 after previously serving as Chartered's senior vice president of fab operations.

Like most chipmakers, Chartered is battling against the double-whammy of a semiconductor glut as well as a reduction in chip demand as a result of the current economic downturn.

The firm has warned that it would report a net loss of between US$76 million and US$84 million for the fourth quarter ended Dec 31, 2008.

 

keepnosecrets      ( Date: 09-Jan-2009 16:06) Posted: I still think can buy with a TP of 39 cents to sell.

 

I still think can buy with a TP of 39 cents to sell.

 

miss the chance liao la..

just need to learn the dead fish sometimes can come alive , that's it, ha ha..

 

Better dun take any chance of shorting this fellow. It's anytime possible that they come out and announce new development. In which event, the counter will be halted for trading pending the announcement. If anyone shorted before they call for trading halt, and not sold off at the end of the trading day, there is a penalty of $1000+higher brokerage.

 

Takeover rumours come again, and the standard answers from Chartered is "I dunno".   For sure they will decline whatever rumours...  lets see if it will be "halted" after closing today, coz normally they like to halt it during the last day of the week and make announcement.

Better dun short la.... dun againts the market trend ......

 

any chance to short? : )