Citigroup Global Securities analyst Glen Yeung pointed out that the smart phone industry's poor investment in the third quarter of the semiconductor plant will cause the semiconductor giant's third quarter revenue into serious trouble (Inbig trouble).
The Citigroup Global Tracking Supply Chain has found that even if the smart phone makers Apple and HTC do not have the power to pull products, supply chain companies such as UMC’s revenue performance has also been significantly revised down. The quarterly growth rate was originally expected to be 20 %, now down to 3%.
Citigroup Global Semiconductor analyst Xu Zhenzhi said that it was estimated that UMC could pay a bright transcript of 20% quarterly increase in the traditional peak season of the third quarter. However, terminal demand was weak, especially for customers of communication type, and the market demand was not as good as expected. Under the performance of the third quarter, UMC will face the dilemma of no peak season.
Xu Zhenzhi’s decision to adjust UMC’s profit this year will be lower than last year, and the net profit after tax will fall to 1.35 yuan per share, which is nearly 30% lower than last year’s 1.91 yuan decline. However, Citigroup Global’s target price for UMC will be slightly reduced from 19 yuan to 18.5 yuan. The main focus is on UMC’s high-yielding theme, which supports the stock price. The share price should support the stock market. UMC’s share price rose 0.1 yuan yesterday to close at 14.3 yuan.
Glen Yeung bluntly, looking forward to the electronics industry in the next quarter, personal computer shipments are very open (ugly) is an open secret, laptops shipped this year, the annual growth rate is only in the range of 0 to 5%, the upper reaches of the semiconductor plant Hopefully, the smart phone will be hot to increase the amount of investment, but Citigroup believes that this expectation will soon be frustrated, and will alert the electronic upstream for the second half of the year.
The Citigroup Global Tracking Supply Chain has found that even if the smart phone makers Apple and HTC do not have the power to pull products, supply chain companies such as UMC’s revenue performance has also been significantly revised down. The quarterly growth rate was originally expected to be 20 %, now down to 3%.
Citigroup Global Semiconductor analyst Xu Zhenzhi said that it was estimated that UMC could pay a bright transcript of 20% quarterly increase in the traditional peak season of the third quarter. However, terminal demand was weak, especially for customers of communication type, and the market demand was not as good as expected. Under the performance of the third quarter, UMC will face the dilemma of no peak season.
Xu Zhenzhi’s decision to adjust UMC’s profit this year will be lower than last year, and the net profit after tax will fall to 1.35 yuan per share, which is nearly 30% lower than last year’s 1.91 yuan decline. However, Citigroup Global’s target price for UMC will be slightly reduced from 19 yuan to 18.5 yuan. The main focus is on UMC’s high-yielding theme, which supports the stock price. The share price should support the stock market. UMC’s share price rose 0.1 yuan yesterday to close at 14.3 yuan.
Glen Yeung bluntly, looking forward to the electronics industry in the next quarter, personal computer shipments are very open (ugly) is an open secret, laptops shipped this year, the annual growth rate is only in the range of 0 to 5%, the upper reaches of the semiconductor plant Hopefully, the smart phone will be hot to increase the amount of investment, but Citigroup believes that this expectation will soon be frustrated, and will alert the electronic upstream for the second half of the year.
Dongguan Hengqing Electronics Co., Ltd. , http://www.chbluetooth.com