Chartered   

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

Dear JamesAng,

I 'll catch some at every three cents drop, of course not with bare hand but with strong thick leather glove, as such falling knift won't harm my hands. Ha... ha... ha...

 

anything below 60 cents I'll accumulate lagi more of this high tech blue chip. :D

 

$0.60 is a historical guide....may set new record level ....lower that is...

 

not advisable to catch a falling knife...it hasn't got any signs of rebound at all yet

 

not need to think, it is hopeless, charted listed at new york, dropped to the lowest  in 52 weeks again, more to come..

i wonder what is the next step temasek will take action?

if considered dirt cheap, give it another 50% now.. then, we buy and said, we are the shareholder of chartered semicon, and u guys better work hard to add value to us as a shareholders, sound great eh?! ha ha.. very ego-minded, sorry..

 

i remember the lowest was during SARS time @ 0.60 cts.

 

will try to get some at 65 cents today. :D

 

Siam !!!

 

Charts still look bearish. Acc/Dist and Chaikin heading southwards. 

 

Lelong price or wait.....

 

For the past 8 years, I hv seen CS going up each year counting the price immediately after Chinese New Year.  This year is different. It was down from the last CNY.  Is this the beginbning of a downward cycle for CS?. 

But honestly, it is quite cheap at around 70/72 cents.

 

is it a good time to pick up shares like Chartered Semiconductor which is trading at 72 cents now, a far cry from the over $20 it was trading years ago? Back then even their internal staff bought at preferential price of $11!

 

Hopefully they can get good returns from this M&A.

Usually good integration after M&As are very difficult to achieve and operationalise.

 

lolz...... M&A nei....

now just got to wait for more news to come out.. but dun expect too early.. after 2nd qtr gua..

Cheers..

 

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."

 

UBS cuts target price for CSM from $0.92 to $0.85; keeps Neutral rating.

"Despite its overall aim to improve its industry standing and achieve higher profitability, we believe the overall operating environment remains difficult for Chartered," says broker. Adds, there are "limited catalysts for the share price in the near term."

 

Oh, nothing is for SURE, but if US goes into recession, FOR SURE we will be down with them, dun need to hope and guess! LOL.....I still hold my stand that recession will come maybe 2009. But expect the unexpected, then we will not be caught (with pants down)...Cheers! I din get my share of 81¢.

 

idesa168,

Looks like US is going into recssion for sure. We can only hope it will not affect us too much.

 

 

I am waiting for 81¢, very stubborn cannot drop leh!

 

I would like to add one more pt, that I am betting US will not skid into recession. With FED supporting the financing mkt and US government providing relieve package, it shows US are trying extremely hard to avoid the recession...probably the election is around the corner. Hence I am anticipation that all these measure that the US had put in will be reflected on the 2nd half of this year, and the mkt "should" trade higher.