Chartered   

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

Not so bad la, already went up from 70cts to now.

liveuser      ( Date: 06-May-2008 13:18) Posted: CSM cannot make it!

 

I hope you are wrong...but sigh...it stopped moving now! Guess it's about the previous resistance at 86¢...must give face mah, pulse a while then cheong...hehehe...

liveuser      ( Date: 06-May-2008 13:18) Posted: CSM cannot make it!

 

CSM cannot make it!

 

Chartered is currently in a sweet spot to take position....prepare for a surge to 90¢ if the mkt sentiment is good. There is downside risk but I think the upside is more than the downside...just my view...

 

Some minor positive TA signs.... plus tight bollinger band - large price change may be occuring soon.

zhuge_liang      ( Date: 25-Apr-2008 13:57) Posted: CSM posted a 62% drop in quarterly profit on Thu as demand for video game consoles, personal computers and communication equipment weakened. It posted a Q1 net profit of US$2.4 million, or nil per diluted ADS, compared with a net profit of US$6.3 million, or 2 US cents per ADS, in the year-ago period. The result was lower than the mean profit estimate of US$3.24 million from 5 analysts polled by Reuters in Singapore. Revenue was US$388.2 million, up 19.9% from a year ago or a 10.1% increase from Q4. That was better than the 3-6% sequential growth that Chartered forecast last month. The company said it expected Q2 revenue to grow 16-19% from the first quarter, mainly due to its acquisition of Hitachi Semiconductor Singapore Pte Ltd, which operates an 8" wafer plant in Singapore. Chartered President and CEO Chia Song Hwee said in a statement he expected the company's growth momentum to continue into the latter half of the year as more products enter production and increase its breadth of applications. "Despite these positive signs, like most other businesses, we continue to be cautious about the potential negative impact from a global economic condition that could become more unfavorable going forward," Chia said. "In addition, we also need to deal with the challenges of intense competition and cost pressure in the foundry industry." Chartered forecast Q2 quarter revenue at US$455 million, plus or minus US$6 million, and net income at about US$6 million, plus or minus US$5 million. It expected average selling prices to fall 1-6% in Q2 compared to the first, and capacity utilization at 88%, plus or minus 3%, compared to 86% in Q1.

 

CSM posted a 62% drop in quarterly profit on Thu as demand for video game consoles, personal computers and communication equipment weakened. It posted a Q1 net profit of US$2.4 million, or nil per diluted ADS, compared with a net profit of US$6.3 million, or 2 US cents per ADS, in the year-ago period. The result was lower than the mean profit estimate of US$3.24 million from 5 analysts polled by Reuters in Singapore. Revenue was US$388.2 million, up 19.9% from a year ago or a 10.1% increase from Q4. That was better than the 3-6% sequential growth that Chartered forecast last month. The company said it expected Q2 revenue to grow 16-19% from the first quarter, mainly due to its acquisition of Hitachi Semiconductor Singapore Pte Ltd, which operates an 8" wafer plant in Singapore. Chartered President and CEO Chia Song Hwee said in a statement he expected the company's growth momentum to continue into the latter half of the year as more products enter production and increase its breadth of applications. "Despite these positive signs, like most other businesses, we continue to be cautious about the potential negative impact from a global economic condition that could become more unfavorable going forward," Chia said. "In addition, we also need to deal with the challenges of intense competition and cost pressure in the foundry industry." Chartered forecast Q2 quarter revenue at US$455 million, plus or minus US$6 million, and net income at about US$6 million, plus or minus US$5 million. It expected average selling prices to fall 1-6% in Q2 compared to the first, and capacity utilization at 88%, plus or minus 3%, compared to 86% in Q1.

 

Chartered bought over HNS see my post

Geneva88      ( Date: 15-Feb-2008 21:05) Posted: http://info.sgx.com/webcorannc.nsf/37e9d50ee377b2304825735f00233861/915cd1a71b402f95482573f0003bdf2c?OpenDocument  " CHARTERED TO ACQUIRE EIGHT-INCH WAFER FAB OPERATION IN SINGAPORE Additional capacity to support mature technology offerings as Chartered faces limits in internal capacity enhancement SINGAPORE ? February 15, 2008 ? Chartered Semiconductor Manufacturing Ltd. (Nasdaq: CHRT and SGX-ST: CHARTERED), one of the world?s top dedicated semiconductor foundries, today announced that it has entered into an agreement with Hitachi, Ltd and Hitachi Asia, Ltd to purchase 100 percent of the shares in Hitachi Semiconductor Singapore Pte Ltd (?HNS?), which owns and operates an eight-inch wafer fabrication facility located in Singapore, for a total consideration of approximately US$233 million in cash. This additional facility will augment the capacity of four eight-inch fabs Chartered currently operates. The incremental capacity resulting from this transaction will enable Chartered to meet some of the additional requirements of existing customers, capture new business opportunities and further diversify its customer base. The transaction also includes a manufacturing agreement with Renesas Technology Corp, an existing customer of HNS, to provide approximately US$250 million to US$300 million worth of future wafer fabrication services. The transaction, which is scheduled to be completed at the end of first quarter 2008, is expected to be funded through a combination of existing cash balance, cash flow from operations and credit facilities and is subject to certain customary closing conditions. The transaction is expected to be neutral to Chartered?s earnings in 2008."

 

Chartered bought over another Semi-Con plant in Singapore. Can't remember the name...

 

it won't look good to close at $0.715 or below 

 

Once, it breaks Sgd. 0.68 is that advisible to cut loss? Expert chartist please comment!

 

 advice not to go in yet, still going downward, maybe I am wrong

 

That could be a sign of BB action? 

cyjjerry85      ( Date: 24-Mar-2008 09:58) Posted: noticed that every few seconds after a buy-up...there will be a sell-down: Time Last Volume Buy/Sell 09:55:36 0.685 2,000 Sell Down 09:55:20 0.690 5,000 Buy Up 09:49:48 0.685 13,000 Sell Down 09:49:47 0.690 28,000 Buy Up 09:45:15 0.685 5,000 Sell Down 09:44:59 0.690 10,000 Buy Up 09:40:51 0.685 2,000 Sell Down 09:40:50 0.690 5,000 Buy Up

 

noticed that every few seconds after a buy-up...there will be a sell-down:

Time	Last	Volume	Buy/Sell
09:55:36	0.685	2,000	Sell Down
09:55:20	0.690	5,000	Buy Up
09:49:48	0.685	13,000	Sell Down
09:49:47	0.690	28,000	Buy Up
09:45:15	0.685	5,000	Sell Down
09:44:59	0.690	10,000	Buy Up
09:40:51	0.685	2,000	Sell Down
09:40:50	0.690	5,000	Buy Up

 

 

Click on the Stock name and it will go to this page - http://www.sharejunction.com/sharejunction/viewStock.htm?id=15048

 

It is under the "Trading" section 

 

appreciate your update! hmmm...care to give me some directions in finding the "All Time Low" on SJ? using Chartered as an example, i tried to search for the stock and found only under "History" the 52-wk low and high...can't find the "All Time Low"...

thanks in advance!

 

Historical low is called "All Time Low" on SJ.

It was 0.615 

 

ah! i just noticed from Sharejunction historical data that Chartered is near the 52-week low ($0.655)...and today it hit $0.645! anyone care to share what is its historical low? 

this is an alert point already..yesterday it touched $0.65... 

 

Very close to historical low now....

 

Too bad, quite substantial paper loss, as how many lots I hold. "Bei See" to answer........

 

 

Hi Hulumas,

How many lots are you holding on to now? What is the average price?