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Enter Symbol:
 
United Microelectronics Corporation (UMC) [hlAlert]

Rating:
Overweight
UMC
up 39.68 %

United Microelectronics Corporation (UMC) rated Overweight by HSBC Securities

Posted on: Tuesday,  Sep 6, 2011  8:25 AM ET by HSBC Securities

HSBC Securities rated Overweight United Microelectronics Corporation (NYSE: UMC) on 09/06/2011, when the stock price was $1.89. Since then, United Microelectronics
Corporation has gained 39.68% of its value until HSBC Securities rated UMC Neutral on 02/09/2012, when the price was $2.64.
If you would have followed this HSBC Securities's recommendation on UMC, you would have gained 39.68% of your investment in 156 days.

United Microelectronics Corporation is engaged in the business of manufacturing or fabrication of semiconductors. Using the processes and techniques, the Company manufactures chips to the design specifications of the customers. The Company maintains a customer base across industries, including communication, consumer electronics, computer, memory and others. During the year ended December 31, 2008, the net wafer sales derived from the products used in communication devices, consumer electronics, personal computers (PCs), memory and other applications were 55.86%, 24.66%, 17.27%, 0.72% and 1.49% respectively.

HSBC has refined and refocused its Global Equities organisation, creating a lean and flexible business model built to meet the needs of global issuers and investors today and in the future. Acknowledging the changing demands of clients, we have also refined our research model, moving away from traditional maintenance to focus on long term, thematic research (a two-year-plus horizon) combined with short term (zero to three months), real-time, actionable ideas both for companies and sectors.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/27/2016 12:25 PM Buy
None
1.81
as of 12/30/2011
1 Week up  2.39 %
1 Month down  -6.55 %
3 Months up  12.04 %
1 YTD up  13.22 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/9/2012 8:25 AM Hold
None
2.64
9/6/2011 8:25 AM Buy
None
1.89

(*) Stock Price at the time of the recommendation.
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