•Guiding for moderate growth. Management highlighted that it is “conservatively optimistic” and expects a modest sequential growth in 1QFY06/11 given the company is already running at full capacity. Note that currently overall utilisation remains around 95%. Nonetheless, management expects 1QFY06/11 earnings to continue to grow on the back of: 1) stronger contribution from the MLP and QFN chips; and 2) increasing orders for high-density packages as customers migrate from lower-margin density packages.
Market Technical Reading : High Risk Of A Technical Pullback Soon… - 25/08/2010
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