Wednesday, April 05, 2006

Stock Buy Call from DBS: Global Test

Global Testing rated 'buy'; fair value 0.42 sgd – DBS DBS Equity Research said it has initiated coverage of Taiwan-based Global Testing Corp with a "buy" rating and fair value of 0. 42 sgd per share. Global Testing provides testing services to integrated design manufacturers (IDMs), IC designers and foundries such as Philips, Sunplus and Taiwan Semiconductor Manufacturing Corp. "Its competitive advantage rests on its focus in mixed signal logic (MSL) chips that are widely used in consumer electronics and communication devices such as LCD monitors, hard disk drives and DVD players," DBS said. "Demand for independent testing services remains high due to tight capacity amid a slew of new consumer electronics products," it said. At 9.10 am, Global Testing was up 0.01 sgd or 3.23 pct at 0.32 with 6.27 mln shares traded.

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