Posted by ching43 > 2014-05-08 22:10 | Report Abuse

thx don218

Posted by ayam > 2014-05-08 22:42 | Report Abuse

High risk high return...it shud move up in tandem if not incremental with the mother. Besides, its cheap now n another year to expire, nothing to lose especially if you buy both. Big n smallstrategy ma..one of tactical strategy to create our own opopportunity. ..

Posted by Johnnys > 2014-05-08 23:22 | Report Abuse

wa conversion RM2++ and ESOS also RM 2++, only chance for big share holder earn $$ is push push over RM 2.50

Posted by don218 > 2014-05-08 23:30 | Report Abuse

I wonder wat unisem is doing. Sales drop. Look at this. Revenue fell to RM228 million from RM249.7 million. I thought sales is up globally. .........

Posted by wwk1 > 2014-05-09 05:56 | Report Abuse

Unisem has discontinued ols products to focus more on new products 4 hsnset n tablet hence the fall

Posted by Investeye > 2014-05-09 06:26 | Report Abuse

The result is so so. Sale drop & net asset drop May due to sell off /size down the business in Indo n Euro.

Posted by lching > 2014-05-09 12:15 | Report Abuse

kenanga n cimb gave different recommendation.

Posted by johnny cash > 2014-05-09 14:04 |

Post removed.Why?

Posted by angkor > 2014-05-09 17:19 | Report Abuse

Target RM1.44 (Stock Rating: ADD)

We were positively surprised by the strong guidance and enthusiasm from management during its 1Q14 briefing. It expects a sequential 8-10% revenue growth in 2Q, mainly driven by higher utilisation rates. Although Unisem only managed to break even in 1Q14, we deem the results broadly in line of our and consensus full-year estimates as we expect a faster pick-up in earnings traction on the back of stronger industry demand. Following the stronger outlook on its earnings recovery, we raised FY14-16 profit forecast by 15-18% and upgrade the stock to Add from Hold with a higher TP of RM1.44, based on 0.9x CY15 P/BV, which is similar to its 4-year historical mean (vs 0.7x, about 1sd below mean prev.)due to improving earnings visibility from its portfolio shift towards higher margin packages.

1Q14 results highlights
Revenue fell by 8.7% yoy from RM249.7m to RM228m due to seasonal weakness in industry demand and the cessation of its Europe division. Despite recording lower sales, EBITDA margin grew by 5.8 pts to 20.1% in 1Q14 vs. 14.3% in 1Q13 on the back of improving operating efficiencies following the cost rationalisation exercises that were carried out last year. Following the stronger margin, EBITDA grew by 29% yoy from RM35.7m to RM45.9m. As a result of high operating leverage, Unisem managed to narrow down its core net loss to merely RM0.1m compared to RM9.7m last year. This was after the adjustment for a RM10.4m grant income that was received from its operation in China.

Stronger 2Q ahead
Management is guiding for 8-10% sequential revenue growth in 2Q14, driven by higher utilisation rates for its leadless, wafer-level package and test segment which have exposure in the smartphone segment. We think this is reasonable as the industry is expected to grow at about a 7-8% level in 2014. Moreover, we think this is supported by stronger industry demand as SIA reported that global semiconductor sales grew by 10.7% yoy in 1Q14, on the back of an overall improvement across all product categories within the industry.

We upgrade to an Add rating
We upgrade Unisem to Add from Hold with a higher target price of RM1.43, based on 0.9x CY15 P/BV (vs. 0.7x prev.). We see further upgrades from the market and a faster earnings recovery as potential catalysts for the stock.

Source: CIMB Daybreak - 09 May 2014, Full PDF Report

Posted by Johnnys > 2014-05-09 17:21 | Report Abuse

drop buy drop buy, 1Q need pay so many bonus sure will no better than 2-3-4Q. Watch and see.

Posted by don218 > 2014-05-10 07:51 | Report Abuse

Push down bak to 87 cents . Then released 50 millions profit . Let u all who buy now ..die kau kau.

Posted by BuyLSellH > 2014-05-10 09:18 | Report Abuse

Agree with don 218. This counter is overpriced at the moment. Wait for it to correct before buying. In most cases each time when the analyst recommend a buy or publish a bullish report that is the time to sell if you are a short term trader

Posted by BBB79 > 2014-05-10 09:22 | Report Abuse

waiting to break resistent 1.30...

Posted by johnny cash > 2014-05-11 00:40 | Report Abuse

On track for an operational turnaround---- AFFIN INVESTMENT BANK

1Q14 headline net profit of RM9.3m mainly due to one-off grant income
Unisem reported 1Q14 revenue of RM228.0m, a 8.7% yoy decline mainly
attributable to lower sales volume as well as revenue loss from its European
operations after closure of its Wales operation in December 2013. However,
EBITDA margin improved to 19.1% vs 12.3% in 1Q13, likely due to
management’s continuous efforts in cost rationalisation and discontinuation of
less profitable older products. 1Q14 headline net profit improved to RM9.3m but
that was largely due to grant income of RM10.4m received by its China
subsidiary. Excluding EIs and forex losses, Unisem reported a 1Q14 core net
profit of RM7.8m, in-line with our expectations.

Outlook for 2Q14 remains strong; expect 8-10% revenue growth
Sequentially, Unisem’s 1Q14 revenue was down 7.7% qoq. In tandem with the
seasonally weaker quarter, EBITDA margins were also lower at 19.1% vs 21.5%
in 4Q13. However, on a more positive note, management has guided that the
prospect for 2Q14 remains exciting. On a qoq basis, management is expecting a
8-10% revenue growth in 2Q14, underpinned by stronger demand for its wafer
bumping services and WLCSP. In addition, management also indicated that the
QFN (leadless) package, catering to the smartphone market, is expected to ramp
up in 2H14. Separately, post its restructuring efforts at its Batam operation,
management also indicated that the initial P&L for Batam operations is showing
signs of improvement. Going forward, we believe this would improve margins.

Maintain TR BUY, TP raised to RM1.60
We made minor adjustments to our FY14-16 earnings forecast, after
incorporating 1Q14 results. All in, our FY14-16E EPS is tweaked by +0.2%,
+0.2% and +0.9% respectively. In view of the leaner operations as well as
earnings growth prospects ahead, we believe Unisem is on track for a turnaround
in 2014. We maintain our TRADING BUY rating but with a slightly higher target
price of RM1.60 (from RM1.53) based on a mid-cycle recovery P/BV multiple of
1x. We believe that only with consistent earnings delivery would Unisem warrant
an outright BUY rating. Key risks include rapid ASP erosion, slowdown in its
manufacturing orders which could lead to a lower-than-expected utilization rate
as well as failure to keep up with the latest technologies.

Posted by johnny cash > 2014-05-11 00:43 | Report Abuse

continue------------Unisem
Sector: Technology

UNI MK
RM1.27 @ 8 May 2014

TR BUY (maintain)

Price Target: RM1.60 (↑)

AFFIN INVESTMENT BANK

Posted by Investeye > 2014-05-12 07:53 | Report Abuse

http://www.nanyang.com/node/620211?tid=462
But 3 of the rating houses look the prespect of Unisem different?

Posted by x6158xxxxx > 2014-05-12 10:46 | Report Abuse

http://biz.sinchew.com.my/node/94823

Posted by don218 > 2014-05-12 15:49 | Report Abuse

Teng dun believe the skl report. Look more like selling at 129 128 130 to me. Th3 boss selling

Posted by BBB79 > 2014-05-12 17:19 | Report Abuse

can't stand firm at 1.30...

Posted by Eelyn Soon > 2014-05-12 17:44 | Report Abuse

its still within the range to me...

Posted by Johnnys > 2014-05-12 17:45 | Report Abuse

no problem to over 1.30 because it base support price become higher and higher. RM 2.5 is no a dream.

Posted by don218 > 2014-05-12 18:39 | Report Abuse

Skl. U see chart. Lose die u. Rm 2.5 . Unisem need to post how much profit first. See chart u see rm 2.5 is not a problem.....

Posted by BBB79 > 2014-05-14 09:27 | Report Abuse

woh. 1.31 now...

Posted by BBB79 > 2014-05-14 10:45 | Report Abuse

above 1.3 now, can stand firm or not?

Posted by BBB79 > 2014-05-14 11:21 | Report Abuse

sell force very strong...

Posted by davidkkw79 > 2014-05-14 11:58 | Report Abuse

huat ah !

Posted by BBB79 > 2014-05-14 12:22 | Report Abuse

yeah 1.32 now...davidkkw79, you also buy? i thought u said loss company and no confidence on it?

Posted by BBB79 > 2014-05-14 14:51 | Report Abuse

wah 1.34...

Posted by halim > 2014-05-14 16:39 | Report Abuse

tau lari tak tahan lama

Posted by BBB79 > 2014-05-14 16:41 | Report Abuse

if today close above 1.32, uptrend mode is on...

Posted by wongsc92 > 2014-05-14 19:47 | Report Abuse

Should be uptrend now, my friend say a lot of order this few months..

Posted by mm310 > 2014-05-14 23:02 | Report Abuse

yahoo! finally...

Posted by BBB79 > 2014-05-15 09:25 | Report Abuse

ohm no strong...

Posted by Investeye > 2014-05-15 17:09 | Report Abuse

AI.. Director acquired huge volume just at RM1.20.??? Just want to make volume??
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1622305

Posted by Tornado > 2014-05-15 23:02 | Report Abuse

one of the lowest rank semiconductor assembly house. like halim mention tak tahan lama

Posted by BBB79 > 2014-05-16 14:10 | Report Abuse

mesti boleh...

Posted by satumalaysia > 2014-05-16 23:03 | Report Abuse

sharks built the trust...run

Posted by zu1967 > 2014-05-18 08:34 | Report Abuse

Monday sure up. To hit 1.45 by friday. Kikikikiki

Posted by 1Superman > 2014-05-19 17:24 | Report Abuse

zul , monday up? mana ada ?

zu1967 Monday sure up. To hit 1.45 by friday. Kikikikiki
18/05/2014 08:34

Posted by BBB79 > 2014-05-19 17:27 | Report Abuse

zu1967 statement not yet conclude, must wait until friday, hehe...

Posted by speakup > 2014-05-19 17:51 | Report Abuse

Ask John Chia to goreng for u.

Posted by lching > 2014-05-19 20:59 | Report Abuse

aiyo, 1 broker is calling sell already, isn't it too early?

Posted by lching > 2014-05-19 21:00 | Report Abuse

oh no, 2 broker calling sell, 2 calling buy n 1 hold, so its 50-50 now, hahaha

Posted by lching > 2014-05-20 11:42 | Report Abuse

if mpi n gtronic can reach higher, unisem certainly will too.

Posted by AK $$ > 2014-05-20 11:54 | Report Abuse

moving...

Posted by Jess > 2014-05-20 13:44 | Report Abuse

hope moving higher...

Posted by rooney2u > 2014-05-20 15:36 | Report Abuse

how come no fuel...

Posted by BBB79 > 2014-05-20 16:15 | Report Abuse

haha, according to zu1967, should be end of friday...

Posted by spider99 > 2014-05-20 17:30 | Report Abuse

zu1967, today u not give unisem eat tongkat ali or vigra..up half way and down back

Posted by BBB79 > 2014-05-20 17:31 | Report Abuse

give u all a chance to buy low before it fly high...