..that is why we recommended Hisaka......am now adding another stock...I still like the semi-conductor equipment space - Geitner is forecasting 50% growth in equipment in 2010 to US$40bn. That was the reason for including Hisaka in my stock picks some weeks back. I have been visiting or trying to visit semi-con equipment companies to find another that will benefit from this strong trend. Our analyst is currently recommending ASTI with a price target based on 50% capacity utilisation for its equipment arm. When I walked around the factory last week - it was very busy....and no where near the 50% utilisation rate assumption. I will wait for the results which will most likely lead to upward earnings revisions by analyst but even on our current conservative forecasts the stock is under-valued. For more details in the expected profit and price target refer to my stock pick section. Read more...
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