UTAC - Really Good Times Ahead

As per my previous posts on UTAC below:


United Test And Assembly - Good Times Ahead

Previous posts


UTAC just announced expected good news. UTAC 1Q net profits grew more than 5 fold to $20.7 Million.

• 1Q06 revenue grew 63.4% over 1Q05 to $103.2 million
• Record performance marks 11th consecutive quarter of sequential revenue growth and profit
• Guidance of 3-8% sequential revenue growth in 2Q06 vs 1Q06
• Target organic revenue growth of 40% for FY06


Announcement on SGXNet 1

Announcement on SGXNet 2



The fundanmentals of the company improved after the acquistion of NSE.




Based on DCF discount model and management guidance, I derived that the fair value of UTAC is around S$1.40 which is probably 30% undervalued.


Nothing really much to add except to say Well Done UTAC!



Cheers
Niversphere.

Please read the prospectus and perform your analysis before making any investment decision. The above does not constitute a recommendation to apply for this company. I will not be liable for any losses incurred by anyone who invests based solely on the above-mentioned information