GLOBAL TESTING’S 1Q2006 NET PROFIT SOARS 125 TIMES TO US$5.03 MILLION
- Revenue surges 110.0% from US$8.29 million in 1Q2005 to US$17.40 million in 1Q2006
- Surpasses prior sequential guidance for revenues for 1Q2006
- Maintains a strong operation margin level
- 2Q2006 set to see sequential growth in revenue of approximately 5% to 10%
- Target revenue growth of more than 40% in 2006 with further upside from recent new projects
- Gearing improved from a gross ratio of 64% in 4Q2005 to 54% in 1Q2006 and a net ratio of 48% in 4Q2005 to 39% in 1Q2006
Article excerpted from Announcement on SGX
Monday, May 08, 2006 | Posted by Norman Oh at 9:22 PM |
Global Testing :: 1Q2006 RESULTS SNAPSHOT
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2 comments:
Niversphere, do you hold Global Testing? what is your price target?
Yes, I am a shareholder of Global Testing. If you searched for my previous posts, you will see a post on my investment in Global Testing after the purchase of UTAC. Both chip testers.
Based on my calculations when i am vested at 0.28-0.295, my target price is around 0.42 which differs from current market sentiments and analyst target price. See Kim Eng WestComb and www.shareowl.com.
However, i will wait for the next quarter to give me a clearer and more define picture of Global Testing execution powers. Things do look rosy for Global Testing and the whole semicon industry as a whole.
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