Stats Chippac

Stats Chippac: As flood water lvls are receding in Thailand, co has been able to get access to its plant and is in process of assessing damages. Co is unable to determine full restoration of operations but expects Thai plant to be suspended to Jan 2012 with partial resumption during 1Q2012. Co reaffirms outlook of net rev in 4Q2011 to be in the single digit increase range up from prior quarter with adjusted EBITDA in the range of 20% to 25% of rev, and capex to be approx $50m to $60m. The flood suspensions will cost approximately 7% reduction in rev for 4Q2011 compared to the 3Q2011. Co trades at a current P/E of 11.1x