UTAC's target price raised to $1.21
United Test and Assembly Center (UTAC) target had raised to S$1.21 from S$1.08 after
the company increasing its forecast of the net profit for this year by 1.3% to US$89.9 million .
the company increasing its forecast of the net profit for this year by 1.3% to US$89.9 million .
UOB Kay Hian is keeping its "buy" rating for the UTAC. The reason for keeping the buy rating for UTAC is the Valuation is attractive, with the 2007 price-to-earnings ratio at nine times and price-to-book ratio at 1.4 times.
The brokerage expects UTAC to outperform the seasonally softer trend for the industry in the first quarter. It sees new opportunities for UTAC in its DRAM business, with the commercial
launch this month of Microsoft Corp's new Windows Vista operating system and its bid to be Hynix's outsourcing partner in China. The Mixed-signal business will benefit from new businesses in digital consumer and wireless applications in the second half.
launch this month of Microsoft Corp's new Windows Vista operating system and its bid to be Hynix's outsourcing partner in China. The Mixed-signal business will benefit from new businesses in digital consumer and wireless applications in the second half.
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BACKGROUND
The Company was incorporated in Singapore on 26 November 1997 under the name of United Test Center Singapore Pte Ltd and subsequently changed its name to United Test and Assembly Center (S) Pte Ltd in January 1999. It was converted to a public company limited on 15 May 2000 and changed its name to United Test and Assembly Center Ltd.UTAC is a leading independent provider of test and assembly services for a wide range of semiconductor devices that include memory, mixed-signal/RF and logic integrated circuits. UTAC was ranked as the 9th largest independent provider of semiconductor test in 2002 by Gartner Dataquest. Headquartered in Singapore, UTAC has manufacturing facilities in Singapore and Shanghai, as well as well-established sales network in Singapore, China, the United States, Italy, Japan and Israel.UTAC offers full turnkey services that include wafer sort / laser repair, assembly, test, burn-in, mark-scan-pack and drop shipment, as well as value added services such as package design and simulation, test solutions development and device characterization, failure analysis, and full reliability test. The Company's manufacturing facility in Singapore is certified under ISO 9001, QS 9000, ISO 14001 and SAC Level I quality systems.Its customers comprise integrated device manufacturers, fables companies and wafer foundries that design and manufacture semiconductors that power modern electronic devices. Its expertise in both memory and non-memory (mixed-signal/RF and logic) semiconductor devices allow it to provide wide-ranging solutions such as multi-chip packages that integrate memory and non-memory die. For the non-memory segment, its "BM/W" strategy focuses on further strengthening its capabilities in the faster growing Broadband and Mobile/ Wireless communications sectors.
Summary
United Test & Assembly Center Ltd. (UTAC) is an independent provider of assembly and testing services for semiconductor devices that include memory, mixed-signal/radio frequency (RF) and logic integrated circuits. The Company offers services that include wafer sort/laser repair, assembly, test, burn-in, mark-scan-pack and drop shipment, as well as value-added services, such as package design and simulation, test solutions development and device characterization, failure analysis and full reliability test. The Company's customers comprise integrated device manufacturers, fabless companies and wafer foundries that design and manufacture semiconductors that power modern electronic devices. It provides a range of solutions, such as multi-chip packages that integrate memory and non-memory die. Its manufacturing facilities in Singapore, Taiwan and Shanghai, China are supported by a global sales network in Singapore, China, the United States, Italy, the United Kingdom, Japan and Korea.
United Test & Assembly Center Ltd. (UTAC) is an independent provider of assembly and testing services for semiconductor devices that include memory, mixed-signal/radio frequency (RF) and logic integrated circuits. The Company offers services that include wafer sort/laser repair, assembly, test, burn-in, mark-scan-pack and drop shipment, as well as value-added services, such as package design and simulation, test solutions development and device characterization, failure analysis and full reliability test. The Company's customers comprise integrated device manufacturers, fabless companies and wafer foundries that design and manufacture semiconductors that power modern electronic devices. It provides a range of solutions, such as multi-chip packages that integrate memory and non-memory die. Its manufacturing facilities in Singapore, Taiwan and Shanghai, China are supported by a global sales network in Singapore, China, the United States, Italy, the United Kingdom, Japan and Korea.
