DJ MARKET TALK: BNP Paribas Ups Chi Mei Target To NT$47.50

08/10/06 - Dow Jones Newswires

0213 GMT [Dow Jones] STOCK CALL:BNP Paribas ups price target on Chi Mei Opto (3009.TW), world's 4th-largest LCD panel maker by revenue, to NT$47.50 vs NT$46.30, citing better-than-expected 2H company guidance, after posting slightly lower-than-expected 2Q net loss of NT$944 million. "The company has seen a robust recovery in consumer demand for LCD TVs," says analyst Frank Su; expects firm to swing to NT$1.1 billion net profit in 3Q. Chi Mei last +0.8% at NT$39.30 vs main board's 0.2% fall.Trade active, with volume at 21.2 million shares. (CMS)

 
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(END) Dow Jones Newswires

August 10, 2006 22:13 ET (02:13 GMT)

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