#gao sheng

[chiswan-blog]

Strange to dream of Damien plans to sell production line of 65 nanometers of 12 inches

It is reported strange the intersection of American and Branch up toed to dream of claim, invite consultant firm come, help, sell it, lie in 12 production line of Sandston, Virginia of U.S.A., formally recently, and already got the approval of the bankrupt court.

Include ATREG, Emerald Technology and Gao Sheng in the consultant firm.

The consultant firm has already begun to contact the possible seller. This production line possesses the technical capacity of craft of 65 nanometers, monthly productivity is 12 inches and 38,000 slices.

If can not find the appropriate seller temporarily, the consultant firm will start another one to break and sell the scheme soon, sell apparatus, clean factory building and facility,etc. separately.

This is global the first time to put the production line of a silicon dice of 12 inch to the market to sell. The strange Damien's memorizer production line of dreaming of has world-class level, the whole automation mechanized operation, began batch productino, 3 billion dollars for gross investment Damien in 2005.

[orinaery-blog]

Gao Sheng is expected to announce the recombination scheme of telecommunications in April - September Finish at the end of the year

Gao Sheng releases investor's report today, delivers a view on recombinating in China Telecom trade. Gao Sheng thinks, Chinese Government may announce the recombination scheme from second quarter of this year to the third quarter, and finish recombinating at the end of the year. Below is a main content of a report: According to a recombination scheme spreading wide now, China moves (0941 HK) Will amalgamate with smaller fixed telephone operator Chinese China Railcom; China Telecom (0728 HK) Will purchase CHINAUNICOM (0762 HK) CDMA business; CHINAUNICOM's other business (including GSM business) With China Netcom (0906 HK) Amalgamation; China defends openly and incorporates into a state-run aviation group. We estimate Chinese supervision department will announce the recombination scheme from second quarter of 2008 to third quarter, recombinate and finish at the end of 2008. Through Chinese ground and Chinese Hong Kong, to the regulation of the listed company while analyzing, we think, to CHINAUNICOM, selling CDMA business will consider as an large-scale transaction, need to get approval of H-share and A-share shareholder at the same time, its parent company does not qualify for participating in voting. But to China Telecom, because compared with its fixed telephone business the scale of CHINAUNICOM CDMA business is much smaller, so this trade will be considered as a trade needing to reveal, will not need to get approval of shareholder. In this case, CHINAUNICOM will be in more advantageous position in confirming the negotiation between trade clause and price. Unless the parent company of China Telecom reduce CDMA network rental expense by a wide margins, this company will be very limited from the value that is obtained in this trade. Though we think there is certain difficulty in operation in the business with China Netcom of CHINAUNICOM, there may be problems too in the legal respect, but investors do not need to excessively worry to this. We think, CHINAUNICOM will purchase China Netcom in such a manner that the cash add the stock, and pay certain premium for this. We expect, such trade will get approval of the shareholders of both sides. The shareholder of China Netcom sanctions this trade, mainly because they can obtain the higher premium; The shareholder of CHINAUNICOM sanctions this trade, mainly have three respect reasons: First, it means CHINAUNICOM will sell CDMA business to China Telecom to amalgamate with China Netcom; Second, the earning per share will increase two figure percentages; Third,behind being can at recombination supervising /operation advantage of the respects. Gao Sheng's grading of China Mobile's stock is " Buy in " ,The stock price of the goal is 135 Hong Kong dollar; The grading of CHINAUNICOM's stock is " Buy in " ,The stock price of the goal is 18.9 Hong Kong dollar; The grading of the stock of China Telecom is " Neutral " ,The stock price of the goal is 5.5 Hong Kong dollar; The grading of China Netcom's stock is " Buy in " ,The stock price of the goal is 27.5 Hong Kong dollar.

[dawnwlker-blog]

Gao Sheng: The macroscopical environment is unfavorable to the Chinese solar energy to engage in

Gao Sheng thinks, the powerful macroscopical environment disadvantageous that enterprise spend the solar energy of financial situation is essential, still the solar energy of Germany has advantages in this respect. Gao Sheng released the report on October 21, analyzed the recent tendency of the Chinese solar energy trade. Because the country replenishes reducing and global credit squeeze to cause investor's worry to income risk to rise, the inner Chinese solar energy enterprises of Gao Sheng's research range have dropped in the stock price of the past one months by 48.2%, and it is 20.3% to mark 500 general exponential amount of decrease. Gao Sheng, to spreading out the thin earning rate (fully diluted earnings) in an all-round way from 2008 to 2010 Expectancy under repair 27% until 15%,it is expected on average amount of decrease raise as 14% to 15% from 8% to 10% before this at price, among them in that the view that the credit environment tightens and replenishes the prospect to the global solar energy at present is more conservative, Gao Sheng thinks this may let the price of the module further afford and descent the pressure. Gao Sheng thinks the powerful financial situation is essential to spending the nowadays unfavorable macroscopical environment, the reason includes: 1)Gao Sheng thinks that reducing the financing clause will relieve the increscent financial pressure, reduce the fluctuation of the income; 2)The financial elasticity produced in normal investment can help enterprises to resist the recent credit question, and draw advantage from opportunity of long-term growth; 3)Improve because of avoiding dangerous ability, the ones that should contribute to resisting the stock price in healthy financial situation glide (worsen with the credit market, investors will care about the fluidity and sufficient rate of the cash) of the company even more . Because investment strategy guard and the intersection of business efficiency and relative great, Gao Sheng it expects to be still the intersection of Germany and solar energy keep powerful financial situation, but Gao Sheng thinks Trina Solar (TSL, 14.91 dollars, neutral) Excessive for expansion for plan financial situation of lasting it. Gao Sheng reduce the grading that major cause of the goal price is the whole trade in 12 months and is reduceds. Gao Sheng discount the intersection of estimate value and method from cash flow law change the intersection of PEG and law to ' Relative profit rate of increase of the p/e ratio) . Gao Sheng thinks PEG law can reflect the risk payback and possibility of the economic growth in near middle period better, Gao Sheng thinks investors pay close attention to these questions under the present environment even more. What Gao Sheng maintained to STP is bought in and grading, and basic side and possible technological break-through expected to be powerful will promote its stock price to go strong. Gao Sheng Great Britain favourable martial prowers ' 6.18 dollars) Grading if you can't regulate to, buy in from at being neutral,think there are investors by raw materials overly because it, and its value is attractive. Gao Sheng regulates the grading of TSL to neutrally selling, because it thinks nowadays its stock price has already reflected the income risk that Gao Sheng has been worrying. Gao Sheng keeps to the brilliant solar energy of Australia (JASO, 6.54 dollars, neutral) , LDK Solar (LDK, 21.72 dollars, neutral) And Solarfun (SOLF, 7.5 dollars, neutral) Neutral grading. Gao Sheng thinks the upstream risk lies in the encouragement effect of the policy and income in the third quarter of 2008 are better than expected, and there were more favorable guidance surfaces hereafter. And the risk of descenting lies in the weaker than expectancy of the demand, and the profit glides and unfavorable instructing the face to be bad in expectancy.

[nagarae-blog]

Gao Sheng transfers and lowers Intel's stock to grade

The news before dawn on October 21, Gao Sheng's securities transferred and lowered Intel (INTC) correctly Stock grade,is it in reason this chip the profit rates of manufacturer last pressures larger. 12:07 at noon (0:07) until beautiful east time ,Intel's stock price goes up by 27 cents, to 15.77 dollars, 1.7% of amount of the increase. Gao Sheng's analyst James - claver Lip river (James Covello) Show while transferring and lowering Intel's stock to grade, are " in the historical great level in view of prosperous stock prices and proportion of profit rate of circulating the type stock such as Intel,etc. at present, we think we should hold the prudent attitude to this stock, we are expected in the first half of 2009 the profit rate of these companies will face larger pressure. " Claver Lip river still represents, the operation of this company " very outstanding, even the same under the situation with not good enough macroeconomy. " But he points out, " the profit rate of this company may drop suddenly in the first half of 2009 at the same time. " He thinks, " we advise short-term investors to sell Intel's stock, long-term investors can reduce the position in the hand, or take measures to evade the short-term risk. " This analyst still points out, Intel tries hard to recommend chip manufacturing technology of 45 nanometers to lead to the fact the capital expenditure rises in surprise, this has brought the unfavourable factor for its prospect of profit rate. The investment in NAND flashing memory business of this company may produce and dilute function on the gross profit rate. Meanwhile, this kind is widely used in problem that chip faces the supply surplus digital camera and cellular telephone, lead to the fact the product cost drops by a wide margin, this has adversely affected sales achievement of Intel too. But this analyst shows that had confidence in Intel's mode and management at the same time.

[lancah-blog]

Gao Sheng: It is wide to reach and step on the outloading king of the note-book again

March 15 news among being early, according to media of Taiwan, Gao Sheng the intersection of securities and U.S.A. head office study the group, raise the global PC production of this year in an all-round way, the gaining rate of today, next year is by original 12%, 13%, change to 17%, 18% separately, the adjusting range is 5 percentage points. However, Taiwan NB takes the place of worker's big factory and still endures the gross margin percentage to the fullest extent to corrode and threaten, the stub of the stock price probably has no chance to behave.

Gao Sheng Asian research department of scientific and technological industry is in charge of the weighing apparatus of inscription on ancient bronze objects, cooperates with the prediction models of the head office, also five major note-books ODM (primitive designing trader) before tying Taiwan The production of the factory, carry on the fine setting. It is wide to reach, reseize the intersection of outloading and throne Wang this year for him to think, predict production it raises to be 51 million from 5020 ten thousand, regulate range into 1.6%, it is in weighing apparatus of inscription on ancient bronze objects adjust outloading to predict, the most high manufacturer of amplitude modulation, 49,500,000 that the wide production that reaches will be slightly better than the benevolence treasure.

Inscription on ancient bronze objects weighing apparatus point out note-book camp accept than expected marginally better every large February such as factory, predict the intersection of note-book and production decline 9% only first quarter, the gaining rate is transferred to a positive number in production season of second quarter, predict 5% as growing up.

Though will have new CPU processor of Intel that will come out in March, the question of spare part can be releived from April, but NB big factory will face the big factory (EMS) of systematic integration recently Price competition. The inscription on ancient bronze objects weighing apparatus emphasize, the gross margin percentage will be a great secret worry that the note-book takes the place of the factory, so the stock price has not probably displayed the chance.

Take benevolence treasure as examples, since announcing there was much profit of yearbook last year, walk and fall all the way, last Friday (the 12th) Have already fallen to 42.9 yuan, not only break the line in season by a fall also break by a fall for all shorts day one is supported.

[webnetr-blog]

Gao Sheng claims to recombinate in the telecommunication industry it formerly 3G deals out the cards and prolongs in the second half year

The news on January 5, Gao Sheng's securities release the report and claim, the market focus remains the recombination of the inland telecommunication industry this year, it is expected 3G license plate release, prolong, to will it be the second half this year, have 3G of scale serve, take, can put out in an all-round way to 2008 relatively. Wang Xudong, minister of Information Industry Department, represents, will issue 3G relevant policy this year before this. Gao Sheng's securities think, it is estimated that China Telecom will buy in GSM networks of UNICOM, and can be sent TD-SCDMA license plate, but in send movably to WCDMA license plate. View that the expectancy that Gao Sheng dealt out the cards to 3G and telecommunications were recombinated has confirmed batch expert in China. Before this, Chinese trade expert proposes, 3G should recombinate the hook with the telecommunication industry while dealing out the cards. But the expert represents and opposes, the triumphant strength of Kan, Professor of Beijing University of Post & Telecommunication thinks, the not motive force that composition telecommunications recombinate that 3G deals out the cards. Gao Sheng shows, according to data of last November that Ministry of Information Industry announces, the inland mobile phone user only increases powerfully, so that fixed network users increase weak and weary, so Chinese Government has not released 3G license plate eager, it is expected the cellular telephone still lasts in place of the situation of fixed net. At last the end of December, Wang Xudong, minister of Information Industry Department, showed, China would issue 3G relevant policy in 2006, and why before this country's Vice Minister Hua show, China released the decision opportunity of 3G license plate. (Sina)

[sanchezi-blog]

It is sold the semi-conductive business plan that Sanyo launches Involve in 852 million dollars of money

Yesterday, according to news, the electron of Japanese Sanyo (Sanyo) Limited company has already started and sold the procedure of its semi-conductive business, as a part of company's restructuring program. Sanyo hopes to sell the semi-conductive business unit by way of competitive bidding, sell the amount of money and is expected to reach 852 million dollars. It is reported, Sanyo electronic electronic chip produces the factory from once of October of 2004 after violent earthquake, its main production line is mauled, thus cause the serial lasting losses of the relevant business of two fiscal years. In addition, follow Japanese giants of traditional trade and launch the plan for reform of the business one after another, it is called that Sanyo has already started too at present " Sanyo evolves " Restructuring program. Among them, Sanyo has already shown clearly that merges original business unit 12 into 3 large key commercial fields - --Industry / business system, motive force solution and individual move the plan. Compare with this, the sale of the semi-conductive business does not exceed the expectation of the market. Expect according to the market, Sanyo will also continue stripping the non-core business unit including household supplies, sound appliances in the car and financial service,etc. in a manner to sell next. It is reported, sell the products at 1,700 million dollars together with 2005 fiscal year semiconductors of Sanyo. Gao Sheng Company has already sent a letter to large-scale private equity group and semi-conductive enterprise at present, invite them to buy the semi-conductive business of Sanyo at competitive price. It is estimated the final price of this business will be up to hundreds of millions of dollars. The organization that Gao Sheng has already contacted includes, the private equity group Chalcanthitum, Carey, Cerberus, KKR, Permira and TPG; The semi-conductive manufacturers of Japan must reach, auspicious Sa's science and technology and Luo Mu little electronics group; And such foreign enterprises as sea wrestler and Great Britain fly and is insulted.