Chartered   

Negative in Nasdaq counter

There is a memory chip slump happening in the last 3 month. You will notice that even Carrefour and Giant and FairPrice are selling SD memory product under star buy. This is very bad.

People are dumping memory chip to the retail space. With this, Intel just lower forecast for the Q earning. DDR memory has halve the price per GB.

I heard CHRT also make Flash memory ......Can any one confirm ?

 

 

PIANG , 0.69 ?! HISTORY LOW is in year 2003 , 0.625... i think this is the biggest shit in Temasek portfolio..

but again, any kind souls can tell us hows the semicon industry outlook in the near term? Those people who work at Chartered, Tech, semincon industry should know very well how they are doing...

0.69 is very tempting ..... too cheap to be true !

 

Dear AlwinL,

Noticeably, people has shorted it along one week with borrowing shares. I think it will be good time for them to do short recovering with this price level now.

 

Global chips maker Intel is lower their gross profit outlook, most probably will affect the rest of the Tech Com. Maybe will go down further today & more peoples will short it. Good Luck!

 

The price Sgd. 0.71 to 0.725 is about right to buy to me. Most probably I 'll buy some around this price today.

 

Chartered is after all an established Semiconductor name and brand for Singapore high tech sector and has alliance with top firms like Intel and IBM, at 70 cents how much lower can it go? Don't forget who owns this company and should it go too low, someone will come and rescue, so shortist won't have opportunity.Also other than buy-backs there could be a merger with stats chippac or privatisation and takeover opportunities. Maybe the oil rich Arabs may be interested in such high tech sectors and make a bid with their oil-rich earnings. 

 

Dear JamesAng,

I agree with you, thank for reminding me. Time to accumulate then!

 

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 70/72 cts.

 

72 cents very cheap already after factoring the inflation?

 

S'poregal can you explain divergence as I read you writeup on TA I don't really understand "Acc/Dist and Chaikin are uptrending and
show signs of divergence with the stock price."

 

Does it means price ,acc/dis and chaikin all upward  trend?

 

Thanks 

 

Acc/Dist and Chaikin charts are heading south. Not a good sign.

 

Dear Ralphguy,

 

I wonder, if market would consider Chartered Semicon still one of the  blue chip counter??? Why the share price is depressing all the time???

 

Ya, there is good news on possibility of shipping AMD in july. If the volume of AMD increases, hopefully Chartered Q2 reports is above estimates. then it will cheong again... hope this unsteady up-down times ends quickly.

 

Chartered does have much good news for the last few years. But I personally think this will be a good this year in view of its AMD/Dell, IBM and Microsoft tie-up.

These US companies are superpowers in the tech industry. What more can you ask for ....

Singaporegal is are right that the market is uncertain about Chartered because the company has kept quiet since its Q1 reporting. 

Come this Christmas, I expect the price will go beyond 2.00.

 

TA signals for Chartered are kinda mixed. I think the market is uncertain about this counter. My advise is to watch and see what happens in the next month or so.

 

cheap liao, may get cheaper.

 

This counter caused me to lose lots of money. Lost about $6K in just 6 months!

 

Last Sale:	$ 10.128		Net Change:	0.002 0.02%
Share Volume:	202,431		Previous Close:	$ 10.13
Today's High:	$ 10.57		Today's Low:	$ 10.12
Best Bid:	$ 9.30		Best Ask:	$ 11.82
52 Week High:	$ 11.85		52 Week Low:	$ 5.45
P/E Ratio:	NE		Shares Outstanding:	250,924,000
Earnings Per Share (EPS):	$ -0.23		Market Value:	$ 2,541,358,272
NASDAQ Official Open Price:	$ 10.16		Date of Open Price:	May 23, 2006
NASDAQ Official Close Price:	$ 10.14		Date of Close Price:	May 23, 2006