Chartered   

Computer Demand will increase

Chartered to Host Conference Calls
Wednesday December 26, 10:07 am ET

SINGAPORE--(BUSINESS WIRE)--Chartered Semiconductor Manufacturing Ltd. (Nasdaq:CHRT - News) (SGX:CHARTERED), one of the world?s top dedicated semiconductor foundries, will conduct conference calls with financial analysts and investors, following an announcement of a technology licensing agreement by IBM to a competing foundry.

Chartered?s president & CEO Chia Song Hwee will discuss the ramifications of the agreement on two conference calls scheduled as below:

http://biz.yahoo.com/bw/071226/20071226005094.html?.v=1



Conference call 1: December 27, 2007, at 1:00 a.m. Singapore time (US time 9:00 a.m. PT/12:00 p.m. ET, December 26, 2007).

Conference call 2: December 27, 2007, at 8:00 a.m. Singapore time (US time 4:00 p.m. PT/7:00 p.m. ET, December 26, 2007).

 

Chartered recommended a SELL in today's business times

 

Hmm... Tanglinboy.. will i b investigated if i disclose here?? lol...

Basically.. CSM has several plants within their site owed. classified as FAB 1, 2, 3, etc.. and the latest is FAB 7. De shares px was sooooo pathetic was bcos of their report card as all FABs will add up and sum it under one balance sheet. Blame on their badly foresight previously on the market demand, some FABs just simply dun produce results, one being shutdown (good news in my perspective). They r gearing up and moving in de right direction. If u had read tis week newspaper, it had reported tat CSM will work together with other major chip maker to produce a new technology. In line for such, expansion is underway. Extension towards FAB 7 will b completed in 2nd to 3rd Qtr 2008 and one more thereafter.

 

Hi huatah, 

What kind of expansion program?  

 

I dun understand either.. days ago.. i was reading an article abt CSM joining arms with IBM and another chips maker. The potential is there..

Also.. CSM having expansion program within the next two yrs..

Guess as long as it didn't materalize.. de shares just behave accordingly..

Vested..

 

Still close to 1 year low. How low can it get?

 

Wah! Today cheong.

 

TA charts continue to show bearish signs.

 

Hi SingaporeGal ... nice to see you again. 

For all ... just want to say chatterd get in at .985.   Get out when it's 1.07. 

Get out when it's stay at .97 more than 3 transaction days

 

 

ke belakang pu...sing. ( downwards)

You should be abled to smell 90cent in the next few months.

 

Personal opinion only, could b wrong.

I concur tanglinboy proposal.. sell con market rallies. I terms of business plan.. it does has.. but.... end 2008 (earliest 3qtr) and towards 2009. so.. unless u r in for long long term investment, or long ago vested.. these r de yr u would c tis counter perform again...

 

 

Sell this counter on market rallies. From its past track record, I don't have much hope for its upcoming earnings report.

 

Hi taybc1071,

I don't use target prices. Just follow the trend. From what I see in the TA charts, it will either be stagnant or slightly bearish for the next couple of weeks, I think.

 

I got it at 1.01.  It seems that the price cannot go lower.  But how high it can go I will not know.  Let's see what is gonna happen to the market today or tomorrow after US cuts interest rates.

 

hi singaporegal, what is the best price to enter? tks

 

TA charts look uninspired....  

 

Weekly Recap - Week ending 07-Dec-07

Despite ongoing problems in the housing and credit markets, and mounting concerns about the overall health of the economy, the stock market endured another turbulent week to finish sharply higher. 

Stocks tumbled on Monday, as prevailing concerns about the economy continued to weigh on investor sentiment and offset a relatively positive report on manufacturing conditions in the U.S.   

The Institute for Supply Management's index showed stable manufacturing conditions with a level of 50.8 for November, compared to 50.9 in October.  A reading above 50 is intended to reflect growth.  The latest report was in line with expectations of modest growth and rates as decent news given the current recession concerns. 

Nonetheless, overarching concerns about the economy's health, as well as uncertainty surrounding a government plan to stem mortgage defaults, weighed on the market during the session. 

Stocks slid further on Tuesday, led by a decline in financial shares, as investors remained uneasy about the fallout in the credit markets and the risky debt some financial institutions have on their balance sheets. 

However, the major averages rebounded sharply on Wednesday, following the two-day sell-off, as investors embraced a new batch of economic data, including a report that showed non-farm productivity rose 6.3% in the third quarter, up from a preliminary estimate of 4.9%.  Also, unit labor costs fell 2%, well below the earlier reading of a 0.2% decline.  That was good news in that lower unit labor costs reflect lower inflationary pressures.

 

Link: http://finance.yahoo.com/marketupdate/overview?u

 

Huh? Chartered makes DRAM meh

 

It's right the manufacturing sector is marginally expanding in the US.  Yahoo! Finance gives a very good report of the sector outlook for 2008.  This counter will raise for sure when Fed cuts rates on Tuesday.  This is now on the low side, good to accumulate before it goes up.

 

 

 

Personally, I think demand for computers will increase when business activities increase.  US has spotted it!