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ChipMOS TECHNOLOGIES (Bermuda) LTD. Message Board

  • caffeine444444 caffeine444444 Feb 20, 2013 1:09 PM Flag

    Stock to watch from the EMS Exchange

    Scientech Corp. code # 3583 on EMS. Yesterday reported that they will be listing on the major exchange at a price of NT$32 in early March. They are makers of wet wafers and have a market cap of US$119 million. They first listed on EMS April 24Th 2012 at a price of NT $28.20. Yesterday they announced the listing and the stock was up NT$ 6 and closed at NT$47.50.Their P/E at NT$47.50 based on 12 months trailing earnings is 39 times. My take on this action is much what I have seen with many new listing on the major exchange from the EMS. The stocks are very illiguid on the EMS but most of the new listing moves have been up 20-50% on the first trading day . I think that who ever bought these shares yesterday( volume yesterday 1.2 million shares VS last 30 days average 250,000 shares) beleives that the EMS pricing has been really discounted to the real value and the stock will pop over the NT$47.50 price in the very near future.

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