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Looking good today. The trading volumes are very healthy.
testing 123
my sources say that CSM is paying 2.25mths bonus + undisclosed special bonus to be declared soon
CSM still in turnaround mode: Merrill Lynch
http://www.remisiers.org/research//CSM%2030Jan07%20ML.pdf
Basically, I don like CSM as it always disappoint me...not vested.
With IBM, maybe CSM will be involved too (below) - somehow, someday ....
Or better still: IBM buys into CSM from Temasek?! Heehee!
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"Both Intel Corp. and IBM announced over the weekend that they are developing new materials to build smaller and faster chips."
Hold at OCBC with target price of 1.35:
http://www.remisiers.org/research//Chartered%20Semicon-070126-OIR.pdf
Hold at DBS with target price of 1.49:
http://www.remisiers.org/research//csm290107dbs.pdf
Upgraded by Deutsche Bank with target price of 1.80:
http://www.remisiers.org/research//CSM%2026Jan07%20db.pdf
Still looks to be on uptrend
Hi, Elf...... yes. I let go on wed @ 1.32. Thks for your advice. Its very nice of U to remember that I was vested. I know that you reminded me in the other thread. Was O'seas from Mon until yesterday. But had made arrangements to let go by Wed. Once again Thank U. :-)
Its really a great feeling that fellow forumers in SJ keep a look out for each other and give sound advice. It helps and also encouraging, even more so when many of us don't personally know each other and probably will never meet.
Cos this is a Tech Rally year, SQ gal ........ :)
I can't remember any financial result that states that Chartered did well....
Lots of promises but can't see any light at the end of the tunnel.
But TA-wise, its charts are doing pretty well. Strange....
Lots of promises but can't see any light at the end of the tunnel.
But TA-wise, its charts are doing pretty well. Strange....
Can anyone can tell any dividend for this share after full year result? Cannot find in the report or annoucement for their full result. Can anyone can enlighten. Thanks.
The financial result out today is not very convincing. 1Q07 not too good. I think the share will drop next week.
hey ace6868, just checking in if you should happen to read this post...
sold your csm yet? i rem calling a sell on this baby at 1.33-1.35 in the other csm post... monday likely to drop....
note the above is only for very short term traders. T+4 etc.
time for chartered to move on to $2 by end of year at least...time to keep and hold for mid-term 1-6 months...good luck :)
this type of results can pay good bonus ah?
From today's full Year 2006 report:
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Chartered Semiconductor Manufacturing, one of the world's top dedicated semiconductor foundries, today announced its results for fourth quarter and year ended December 31, 2006.
"We posted record revenues in 2006, growing around 35 percent compared to the previous year, outpacing the semiconductor and foundry industry growth.
This was primarily driven by the ramp of our leading-edge 90-nanometer (nm) associated revenues which more than doubled and contributed 27 percent of our total business base revenues for the year. Revenues from advanced technologies - 0.13 micron and below, including those from 90nm - grew 84 percent and accounted for 53 percent of our total business base revenues in 2006.
With our expanding business and corresponding revenue growth, we were able to achieve a net income of $68 million for 2006, moving from the loss position in the previous year. We were also able to achieve a lower breakeven utilization rate of around 70 percent in the fourth quarter of 2006 compared to the same period last year, while continuing our progress toward a sustainable profitability model," said Chia Song Hwee, president & CEO of Chartered.
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Still looks bullish to me... wait for next week to see what happens
It was hit by weak demand for video game consoles and MP3 players and predicted a tough first quarter.
"As we move into the first quarter, we are experiencing some impact from anticipated seasonality as well as customers continuing with an inventory correction," CFO George Thomas told ananalyst conference call.
CEO Chia Song Hwee said seasonal weakness in personal computers and video game consoles would persist in January-March, partially offset by strength in wireless broadband and mobile handsets.
Chartered forecast first-quarter revenue of US$338-US$352 million, and a 4-9%slide in average selling prices, with an average factory usage rate of 70%.
"Pricing pressure from our larger competitors started last year. We are expecting a tougher business environment this year from the pricing standpoint," Chia added.
Including the redemption value of its convertible preference shares, quarterly net profit was US$4.07 million, down 83%.
Chartered said it would boost the total planned capacity of its most advanced factory, Fab 7, by 50% to 45,000 wafers per month. This will bring total capital spending on Fab 7 to US$4.2-US$4.5 billion from an earlier estimate of US$2.7-US$3 billion. This third phase of expansion will take several years to complete and depends on market conditions and customer demand, Thomas added.
The company expects to increase capital spending in 2007 by 44% to US$800 million.
It said it was targeting 2007 sales growth of above 7-9% as it keeps pace with the growth rate of the foundry industry.
"The semiconductor industry projection is around 7 to 9%. The foundry industry will grow a few percentage points higher than the semiconductor industry, and our goal is to grow at the foundry growth rate, or a little bit better, which we have done in the last four years," CEO Chia Song Hwee told Reuters in a phone interview.
The foundry sector supplies custom-made chips.
Chartered posted a 73% slump in quarterly profit, hit by weaker demand for consumer electronics and communications equipment.
Q4 net profit dropped to US$6.4 million from US$26.5 million in the year-ago period. The result was slightly higher than the average profit forecast of US$6.24 million from 10 analysts polled by Reuters Estimates.
"The semiconductor industry projection is around 7 to 9%. The foundry industry will grow a few percentage points higher than the semiconductor industry, and our goal is to grow at the foundry growth rate, or a little bit better, which we have done in the last four years," CEO Chia Song Hwee told Reuters in a phone interview.
The foundry sector supplies custom-made chips.
Chartered posted a 73% slump in quarterly profit, hit by weaker demand for consumer electronics and communications equipment.
Q4 net profit dropped to US$6.4 million from US$26.5 million in the year-ago period. The result was slightly higher than the average profit forecast of US$6.24 million from 10 analysts polled by Reuters Estimates.