Advanced Semiconductor Engineering Inc.  (ASX) Trade Now »     Rate ASX  -  Discuss ASX  -  Add to Watch List        

ASX's projected P/E is 7.78
Industry (Semiconductor Equipment & Materials) average projected P/E 17.32
Implies a projected stock price of $4.68

ASX's PEG is 0.15
ASX's projected earnings growth rate is 51.85%
Industry (Semiconductor Equipment & Materials) average PEG is 1.71
Implies a projected stock price of $23.94

If this stock can live up to its earnings growth rate, the stock price could rocket.

More analysis source, calculations, and other info:

http://www.freestockvalueranker.com/?method=peg_pe&symbol...

Bank of America/Merrill Lynch analyst Daniel Helyar and his colleagues who cover the semiconductor sector today turned bullish on the contract chip fabs, triggering an impressive rally in the group.

The bullish stance is a switch from a more bearish position Merrill took in early June.

Helyar writes in a research note today that there are now signs that customer inventory risk is diminishing, and asserts that demand prospects for the second half and for 2010 appear to be improving. He revised up his 2010 growth forecast for the semiconductor contract manufacturing sector to 23%, from 15%.

Bank of America/Merrill Lynch analyst Daniel Helyar this morning turned cautious on the semiconductor contract manufacturing sector, down grading most of the stocks in the group given elevated valuations and weak near-term cyclical indicators.

The firm made the following downgrades:

Filed under: Analyst reports, Analyst upgrades and downgrades, Dell (DELL), Sun Microsystems (JAVA), Palm Inc (PALM), Analyst initiations, Marvell Technology Group (MRVL)

Merrill Lynch analyst Daniel Heyler this morning turned bullish on the contract semiconductor manufacturing sector, asserting that a bottom to the current cycle is in sight. In a research note, Heyler asserts that inventories should bottom in Q2, with a modest second half recovery likely in the second half and a strong rebound in demand in 2010. He asserts that valuations in the sector are on average 45% below his mid-cycle fair value estimates. He thinks the stock should reflect a 2010 recovery within 12 months.