0034 GMT [Dow Jones] STOCK CALL: UBS upgrades STATS ChipPAC (S24.SG) to Buy from Neutral, target to S$1.60 from S$1.05 as company "is an attractive margin recovery story and we think current restructuring can deliver a doubling in earnings in FY07"; ups FY07 EPS forecast 58% to US$0.071, though advises caution on 4Q06 given weaker 3Q outturn. Notes Carlyle Group bid for ASE but doesn''t view STATS as takeover target "as it does not have the right characteristics to be attractive to a private-equity buyer" - it''s indebted, its margins are below peers, it''s considered high risk business and it only recently started to generate free cash flow. Shares off 4% at S$1.19 yesterday.(JEM)
Happy liao. Bought @ 1.04 in Aug 06, it is really a long wait but worth waiting.
Tater Debate: 14 Senators Come Together To Mash USDA’s Grainy Ideas On
Potatoes
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Loading...Fourteen senators are pushing back against a potential
reclassification of potatoes from vegetables to grains by the US Department
of Agriculture...
41 minutes ago
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