Things are looking up - but it's still going to take a while. 3Q report will probably show improvement, then 4q even better and then 2018+ even better. But frustrating that we have to wait - probably for at least a year - for the stock to appreciate meaningfully. coco
Chipbond, ChipMOS see rising orders for TDDI chips Julian Ho, Taipei; Jessie Shen, DIGITIMES [Friday 25 August 2017] Backend houses Chipbond Technology and ChipMOS Technologies have seen orders for TDDI (touch with display driver integration) chips for use in 18:9 smartphone panels ramp up, which will buoy their sales performance in the second half of 2017, according to industry sources.
A recent Digitimes Research report revealed that TDDI chip shipments worldwide are forecast to hike 191% on year in 2017 driven mainly by increased shipments of hybrid in-cell TDDI chips and the growing incorporation of TDDI chips into display panels.
Chipbond has started ramping up shipments for TDDI chips to Synaptics and FocalTech Systems in the third quarter, the sources indicated.
Meanwhile, Chipbond has entered the supply chain of Apple by providing gold bumping services to its Japan-based client, with shipments also kicking off in the third quarter, the sources said. The backend house is expected to see its sales reach their peaks for 2017 in the third quarter, and enjoy a particularly strong fourth quarter.
ChipMOS has reportedly obtained backend orders for touch display driver ICs from Novatek Microelectronics, but shipments for the orders will not kick off until the fourth quarter.
In addition, ChipMOS reportedly will enter production for 3D sensing components in the third quarter of 2017. Shipments for 3D sensing components will start generating revenues in the second half of 2017 and boost sales generated from the mixed-signal IC sector as a proportion of ChipMOS' total revenues, according to previous reports.
ChipMOS is also among the beneficiaries of robust NOR flash demand.
Chipbond, ChipMOS see rising orders for TDDI chips
Backend houses Chipbond Technology and ChipMOS Technologies have seen orders for TDDI (touch with display driver integration) chips for use in 18:9 smartphone panels ramp up, which will buoy their sales performance in the second half of 2017, accordi
I do wonder about the large shareholders in this stock. There really isn't much volume here in the states (nor really overseas) to allow an orderly liquidiation - with most of the volume drifting away (related to any big moves in 8150) once IMOS catches up to 8150's overnight action. Not sure how the big holders are going to exit. Which is why, someday, I think there needs to be some type of corporate action to allow the big guys to cash out. coco
Parity's at $17.08, but volume is low and "show-me" mentality on Revenues seems to have taken hold.
Renaissance Technologies, pretty legendary HF, remains the second largest holder. I'd recommend everyone read up on the founders; these guys are off the charts, mostly PhD physicists, mathematicians, etc. Something to be positive about imo.
caffeine444444 - any words of hope? Because this is getting discouraging and need some moral support. Thanks - very much.
Julian Ho, Taipei; Jessie Shen, DIGITIMES [Thursday 10 August 2017] ChipMOS Technologies has obtained backend orders for touch display driver ICs (TDDI) from Novatek Microelectronics, with shipments set to kick off in the fourth quarter of 2017, according to market sources.
ChipMOS has responded saying it does not comment on specific customers or orders.
ChipMOS has lost part of orders for TDDI chips from Synaptics, but the new orders from Novatek are expected to offset the loss, said the sources. Synaptics' orders as a proportion of the overall orders for TDDI chips obtained by ChipMOS have slid to 30-40% from 70-80%.
New orders from Novatek will still boost the overall orders for TDDI chips ChipMOS will secure in 2017, the sources indicated.
Fellow backend company Chipbond Technology has reportedly grabbed orders from Synaptics and FocalTech Systems, and is expected to start ramping up shipments for TDDI chips in the third quarter.
Apart from orders for TDDI chips, demand for NOR flash memory is set to buoy sales at ChipMOS in the second half of 2017, according to market watchers. Demand for NOR flash chips has been driven particularly by the growing adoption of AMOLED panels and TDDI chips for mobile phones.
ChipMOS through its joint venture with Tsinghua Unigroup has reportedly obtained backend orders for NOR flash memory from Wuhan Xinxin Semiconductor Manufacturing (XMC). Taiwan-based Winbond Electronics and Macronix International are also among ChipMOS' clients in the NOR flash field.
In addition, Chipbond reportedly will provide backend services for power amplifiers supplied by its Japan-based customer for use in the upcoming iPhone devices, according to previous reports. ChipMOS is also partnering with Himax Technologies, which has joined the 3D sensing component supply chain for the new iPhones with its wafer level optics (WLO) products.
That is a big pe ratio. What gives? Market Cap 877.59M Beta N/A PE Ratio (TTM) 149.01
Anyone listen to the call?
I have a feeling IMOS will see a pullback now. What yall think? google awe-some*sto-ck*s - they offer pretty good trade alerrts. you dont have to trade their tickers but it definetly helps you recognize possible patterns for stocks you're trading.
Maybe this is a concerted effort by the company to get some PR. Anyway, here is another article from Digitimes:
ChipMOS to enter production for 3D sensing components in 3Q17, says report Jessie Shen, DIGITIMES, Taipei [Monday 14 August 2017] Backend house ChipMOS Technologies will enter production for 3D sensing components for new consumer electronics devices in the third quarter of 2017, according to a report by Taiwan's Central News Agency (CNA).
Shipments for 3D sensing components will start generating revenues in the second half of 2017 and boost sales generated from the mixed-signal IC sector as a proportion of company revenues, the report said. ChipMOS is also engaged in new product projects with several consumer electronics vendors, the report indicated.
ChipMOS is reportedly partnering with Himax Technologies, which has joined the 3D sensing component supply chain for the upcoming iPhones with its wafer level optics (WLO) products.
ChipMOS has announced financial results for the second quarter of 2017, with revenues slipping 0.4% sequentially but growing 0.8% from a year earlier to NT$4.54 billion. The company added revenues generated by ChipMOS Shanghai are no longer included in its consolidated data as its transfer of a 54.98% stake in ChipMOS Shanghai to Tsinghua Unigroup-led investors was completed in March.
ChipMOS posted a 20.1% gross margin in the second quarter of 2017, compared with 17.9% in the prior quarter and 18.3% a year earlier. The company generated operating profits of NT$448 million in the second quarter, with operating margin falling 13.2pp on quarter but increasing 0.4pp on year to 9.9%.
ChipMOS credited its gross margin improvement to strength its high-margin testing business. "Revenue growth was offset primarily by a lower allocation from our largest DRAM customer, and continued China handset market softness, which is impacting small panel LCD driver demand," company chairman SJ Cheng said in a statement.
"We are confident we will be able to offset the softness with more financially attractive business diversification led by new programs we are now ramping with some of world's largest consumer and technology product companies, combined with the progress we are making at our Shanghai facility," Cheng continued.
ChipMOS' net profits for the second quarter of 2017 came to NT$321 million, down 86.5% sequentially but up 2.1% from a year ago. EPS for the quarter reached NT$0.38 compared with NT$2.82 in the first quarter and NT$0.37 during the same period in 2016.
ChipMOS' net income in the first quarter of 2017 included US$62.8 million related to the completion of ChipMOS Shanghai equity interest transfer to Tsinghua Unigroup-led investors, which did not repeat in the second quarter of 2017. This resulted in the significant on-quarter profit decrease, ChipMOS CFO SK Chen explained.
"Our strategic partners' buildout of their semiconductor ecosystem is now expected to be even more aggressive and on a larger scale than originally contemplated," said Cheng. "The fact that ChipMOS is positioned as the OSAT services company within the Unigroup ecosystem gives us excellent growth prospects as DDIC ramps in the near-term followed by growth in domestic China memory production over the longer-term."
At the end of 2016, ChipMOS reached an agreement with Tsinghua Unigroup to have ChipMOS Shanghai be the two's joint venture.
trading volume was average indicating no panic sell off
Is IMOS undervalued? This sort of setup suggests potential upside... the other week awesome*sto-cks alerted this company i think. google them .
A little nervous about the conf call on Thursday. News always leaks @chipmos - so this recent stock price drop is a bit disturbing. However, the leaks typically seem to be a day ahead of the actual news, not a week. We'll see.
GET READY FOR ASCARY SCARY CRASH CRASHBELOW $15GETOUTOUTBEFORE EVERYONE STRT TO SELL AND DUMP DUMP THIER SHARES BELOW $15 BE VERY VERY AFRAID TO LOPSS ALOTLOT MORE MONEY
To Sean's most recent question, my take is that I am confident that the stock - because of the China biz - will do better than most expect. I am equally confident that it will take much longer than most fear.
Check out Friday's WSJ- Front Page. Big article about China-chips-TshinghuaUnigroup. The projected industry growth rates are encouraging. This article prompted me to revisit some of the media coverage of Chipmos/Unigroup deal. One excerpt contained some quotes I hadn't previously seen:
"Tsinghua Unigroup will be able to appoint the chairman for this joint-venture, according to S.K. Chen, chief financial officer of ChipMOS.
The new investment plan will expand capacity at the Shanghai plant, which mainly assembles display driver integrated circuit chips to tap into the growing market for Chinese homemade panels, said Cheng. The output will rise to eventually account for 30% of ChipMOS' total revenue in three years, from less than 7% currently.
"We hope later we can bring ChipMOS Shanghai to the public in China as soon as possible to gain more capital for future investment to tap into the rapidly growing semiconductor market," said Cheng, adding that China's stock markets offer a more attractive price-earnings ratio than their Taiwanese counterpart. "
Did anyone get their dividend today? I did and instead of being .596 cents it was only .458. cents. Something is wrong
Pretty much at parity (IMOS @20.43, parity @20.48). I don't track the calc that closely but don't recall the spread being this narrow. Doesn't seem like there will be much of a share price appreciation catalyst in the near-term, but maybe the company's investor meetings went well. coco
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