(12-05-2015, 12:25 AM)Zelphon Wrote: [ -> ] (11-05-2015, 09:27 PM)BlueKelah Wrote: [ -> ]was referring to the earlier part of 2014 up till May where the share price shot up and they were handing out dividends and shares, before all the insider selling happened.
But of course have to be aware, in event of a crash, the bottom is pretty far down, can become 10-20cent share easily. though it is a rough guide, during GFC times UMS did fall below 10cents when it reported losses for the 1H 2009, despite back then NAV was above 50cents.
for now the semicon sector still seems too be doing well, especially when you see companies like HDD manufacturing cheong woh business also picking up and with people still going crazy over all the new iphones/watches/tablets/etc...
Me in semicon industry and I can tell you now is not rosy horr..
My company just announced worldwide headcount reduction of 10% 3 weeks back despite making profits horrr...
This is coming from 4th Biggest Equipment Company...
Mind if I ask? are you from Lam research or KLA tencor?
(12-05-2015, 09:29 AM)passiveincome Wrote: [ -> ] (12-05-2015, 12:25 AM)Zelphon Wrote: [ -> ] (11-05-2015, 09:27 PM)BlueKelah Wrote: [ -> ]was referring to the earlier part of 2014 up till May where the share price shot up and they were handing out dividends and shares, before all the insider selling happened.
But of course have to be aware, in event of a crash, the bottom is pretty far down, can become 10-20cent share easily. though it is a rough guide, during GFC times UMS did fall below 10cents when it reported losses for the 1H 2009, despite back then NAV was above 50cents.
for now the semicon sector still seems too be doing well, especially when you see companies like HDD manufacturing cheong woh business also picking up and with people still going crazy over all the new iphones/watches/tablets/etc...
Me in semicon industry and I can tell you now is not rosy horr..
My company just announced worldwide headcount reduction of 10% 3 weeks back despite making profits horrr...
This is coming from 4th Biggest Equipment Company...
Mind if I ask? are you from Lam research or KLA tencor?
Yup..
I work in one of these 2 company
Hee hee..
Metrology Leader MNC...
Answer is very clear..
(10-05-2015, 03:53 PM)BlueKelah Wrote: [ -> ]Good counter for exposure to semicon sector which is just ramping up and likely to get more exciting..........................
(12-05-2015, 11:27 AM)BlueKelah Wrote: [ -> ]However considering the industry has been going pretty well since 2011, things may flatten out this year or even correct.
Your view seem to change rather quickly, mate..........
Yesterday - it was "likely to get more exciting"
Today - it is "things may flatten out this year or even correct"
(vested)
(12-05-2015, 12:46 PM)Boon Wrote: [ -> ] (10-05-2015, 03:53 PM)BlueKelah Wrote: [ -> ]Good counter for exposure to semicon sector which is just ramping up and likely to get more exciting..........................
(12-05-2015, 11:27 AM)BlueKelah Wrote: [ -> ]However considering the industry has been going pretty well since 2011, things may flatten out this year or even correct.
Your view seem to change rather quickly, mate..........
Yesterday - it was "likely to get more exciting"
Today - it is "things may flatten out this year or even correct"
(vested)
view has not changed.
things may flatten or even correct is just me throwing caution in the wind after saying the industry is doing ok now as you can see from the report posted about the semicon still doing well and though not growing QoQ, there is still some growth YoY. Despite vesting and thinking there is still more upside in semicon industry, have also mentioned possibility of prices going back to 10-20cent level as a downside risk.
just as mentioned before, UMS is already trading above asset values but other fundamentals still look good.
(12-05-2015, 01:32 PM)BlueKelah Wrote: [ -> ] (12-05-2015, 12:46 PM)Boon Wrote: [ -> ] (10-05-2015, 03:53 PM)BlueKelah Wrote: [ -> ]Good counter for exposure to semicon sector which is just ramping up and likely to get more exciting..........................
(12-05-2015, 11:27 AM)BlueKelah Wrote: [ -> ]However considering the industry has been going pretty well since 2011, things may flatten out this year or even correct.
Your view seem to change rather quickly, mate..........
Yesterday - it was "likely to get more exciting"
Today - it is "things may flatten out this year or even correct"
(vested)
view has not changed.
things may flatten or even correct is just me throwing caution in the wind after saying the industry is doing ok now as you can see from the report posted about the semicon still doing well and though not growing QoQ, there is still some growth YoY. Despite vesting and thinking there is still more upside in semicon industry, have also mentioned possibility of prices going back to 10-20cent level as a downside risk.
just as mentioned before, UMS is already trading above asset values but other fundamentals still look good.
Just curious how do u derive share may drop to 10-20ct level?
look at previous share price history in 2009/2010.
10-20c level is possible during crash time. Semicon is doing well now amid weak global economy, but is not as recession proof as other industry..
Please do not forget about the effect of bonus shares. At this level, I think it's still a value stock considering it's debt free with close working relationship and contract with AMAT. At 10-20c, it is probably deeply undervalued stock if fundamentally remain unchanged.
CIMB analyst view on the company...
UMS upgraded to 'add', target raised to 63 cents by CIMB
SINGAPORE (May 12): CIMB ( Financial Dashboard) has upgraded UMS Holdings ( Financial Dashboard) to "add" from "hold" and raised its price target to 63 cents from 55 cents, citing improving growth prospects.
Shares of UMS, which makes semiconductor components, are likely to re-rate as the business slowdown that started in June last year comes to an end, according to CIMB analyst William Tng.
The company's ability to generate strong cash flows, coupled with a healthy balance sheet (no debt) and minimal capital expenditure needs, will ensure that it can continue to pay dividends of five cents a share every year from 2015 to 2017, Tng wrote in a note.
...
http://www.theedgemarkets.com/sg/article...cents-cimb
AMAT reported results for its second quarter ended April 26, 2015.
Overall, the quarterly result of SSG has improved.
SSG : Revenue (USD million):
1Q2014 = 1,484
2Q2014 = 1,584
3Q2014 = 1,476
4Q2014 = 1,434
1Q2015 = 1,446
2Q2015 = 1,560 (Up 8% compared to 1Q2015)
SSG : New Orders (USD million)
1Q2014 = 1,569
2Q2014 = 1,664
3Q2014 = 1,565
4Q2014 = 1,334
1Q2015 = 1,426
2Q2015 = 1,704 (Up 19% compared to 1Q2015)
SSG : Backlog (USD million)
1Q2014 = 1,366
2Q2014 = 1,452
3Q2014 = 1,515
4Q2014 = 1,401
1Q2015 = 1,362
2Q2015 = 1,473 (Up 8% compared to 1Q2015)