Himfr.com repports Optimistic about the prospects for chip makers in Asia
Samsung, Hynix into a winner
Earlier this month, Samsung Electronics announced that its quarterly earnings is likely to exceed market expectations. Reuters survey, analysts expect earnings per share of Samsung Electronics ? 19,799.9 (about 16.83 U.S. dollars), its target price from 84 million won (about 713.78 U.S. dollars) on revised up to 90 million won (about 764.95 U.S. dollars). Macquarie Investment Report released recently, said first-half profit more than expected and optimistic about the future performance is expected to further promote the Samsung Electronics shares rose. Samsung Electronics shares Monday closed at ? 753,000 (about 639.77 U.S. dollars).
Hynix announced last week that net profit of 246 billion won (about 209 million U.S. dollars) in the third quarter of fiscal year 2009 financial results, which Hynix is also the first time in two years, profit. Hynix profit in line with market expectations. The third quarter of fiscal 2008, Hynix losses of 1.67 trillion won (about U.S. 1.4 billion). Last year, DRAM memory chip prices by more than one-fold. As the demand continues to rise and companies cut production, Hynix DRAM memory chip prices are expected to rise.
Japanese memory chip maker Elpida Memory and Toshiba, are not from the recent rebound in chip prices benefit. Analysts expect third-quarter loss of Elpida 144 billion yen (156 million U.S. dollars), Toshiba loss of 88 billion yen (about 95.7 million U.S. dollars).
Reuters survey, analysts expect the world's largest contract chip maker TSMC in the third quarter of fiscal 2009 earnings per share was 1.19 billion New Taiwan dollars (about 4 cents). TSMC had previously said that as the growing demand in the third quarter revenue increased 21% to ring more than 89.9 billion Taiwan dollars (about 2.8 billion).
SMIC rating will be raised
TSMC and UMC continues to dominate the foundry market. Taiwan UMC's 2009 fiscal year earnings per share for the third quarter of 0.29 billion New Taiwan dollars (about 1 cent). NYSE: SMI 2009 fiscal third quarter is expected to be a loss of 0.38 Hong Kong dollars (about 5 cents). Last week, Singapore's Chartered Semiconductor reported earnings last quarter from a year earlier loss of 24.4 million U.S. dollars narrowed to 470 million U.S. dollars.
HSBC will SMIC raised the stock rating overweight, but still maintain the 0.5 Hong Kong dollars (about 6 U.S. cents) price target. HSBC Investment Report released recently admitted that "right one in the past nine years, only a year valuation is very difficult for the company profitable," but SMIC in improving gross margins in the fourth quarter and the first quarter of next year, growth prospects, very good.
As mainland China's largest chip foundry, SMIC will benefit from the government's economic stimulus. HSBC analyst, said "The Chinese government introduced a number of policies to promote the electronics industry growth."
Chip makers have been taking various measures to improve efficiency, reduce costs, to get more orders for foreign chip companies.
Intel's third quarter fiscal 2009 results exceed analyst expectations so high-tech industry is full of optimism. Intel third-quarter revenue of 93.9 billion U.S. dollars, than in the second quarter, an increase of 14 billion U.S. dollars. Intel said the growing demand from China to help them tide over the difficulties of economic recession.
