Towards Financial Freedom
Applied Materials aims to double profits in four years
Applied Materials aims to double profits in four years. Applied Materials, the world's largest semiconductor equipment maker announced bullish forward guidance that caused its share price to jump by 3.4% yesterday. The company aims to double its profits by 2016 citing strong demand for mobile device which in turn drive for semiconductor equipment capex. In line with our previous arguments, Applied's CEO commented that the semiconductor equipment spending is benefiting from several technology trends such as energy efficiency. As such, we expect UMS (SGD0.50, BUY, TPSGD: 0.71) to similarly benefit in view of the fact that UMS's revenue is highly correlated with that of Applied's semiconductor equipment segment. (OSK-DMG)
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CS Tan
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
