17.5 cents : 503 lots queueing to buy. 18 cents: 50 lots to sell. CIMB-GK has target price of 30 cents as Avi-Tech enjoys business growth from the booming semiconductory industry.
www.nextinsight.biz/content/view/2337/79/
News just hot off the press is favourable to semicon stocks such as our very own Avi-Tech Electronics. The latest news is that Texas Instruments Inc. has announced higher expectations for sales and profit in the second quarter. Texas is the second-largest U.S. semiconductor maker. \"Demand, whether you measure it by revenue or by orders, has remained strong in the quarter,\" vice president Ron Slaymaker said in a conference call. The Dallas-based chipmaker said revenue is now expected to be in the range of $3.45 billion to $3.59 billion. Previously, TI had predicted a range of $3.31 billion to $3.59 billion.
Dow rose 39 points today largely because of tech stocks. National Semiconductor had a bullish forecast out, and the techs rallied. Avi-Tech in Singapore is surely going to have a boom time as semi con recovery is very strong. Just waiting for its next quarterly result. Its burn-in board segment and manufacturing burn-in bd segments hv been doing well. Its engineering services segment, hopefully, has turned the corner. This compay has S$49 m net cash, by the way. Adds to its allure in my eyes... hahaha....
OCBC issued another positive report this morning on Avi-Tech Electronics. It is a beneficiary of the semi - conductor recovery. Target price of 24 cents looks v conservative
The techies are firming up. Avi-Tech: + 1 c, now 20 c UMS: oh boy, what a run. + 4 c, now 32 c. Hisaka: +0.5 c, now 25.5 c AEI: no change, now 17 c. (Big queue to sell at 17.5 c. Dont understand these people...)
U.S. stocks rose, adding to gains from the biggest weekly rally in a year for the Standard & Poorââ¬â¢s 500 Index, as analyst upgrades of technology companies boosted optimism before the start of the earnings season. ââ¬ÅPeople think the technology sector is the best place to find companies that will surprise during earnings season,ââ¬Â said Frank Ingarra, a Stamford, Connecticut-based money manager at Hennessy Advisors Inc., which oversees about $800 million. ââ¬ÅIf companies are not hiring people because of economic and political uncertainty, then they will invest in technology to become more productive.ââ¬Â - from Bloomberg this morning after Dow rose 18.24 points to U.S. stocks rose to 10,216.