Stock News: Analysts bullish on UTAC's earnings!

United Test and Assembly Center Ltd (UTAC) may extend gains as analysts could increase their earnings estimates for the chip tester and assembler after UTAC announced plans to buy NS Electronics Bangkok (1993) Ltd for up to 175 mln usd to expand its semiconductor packaging business. The acquisition should bring UTAC closer to its annual revenue target of 500 mln usd, which it hopes to achieve within two to three years. An analyst with a foreign brokerage said he is looking to upgrade his earnings forecasts for UTAC following the deal.