STATS Chippac

STATS Chippac: Lim & Tan Securities advises acquiring the stock on price weakness under $0.50 in anticipation of a better 2H12 performance. Notes semiconductor industry researcher IHS iSuppli tips the semicon industry growth rates to rise to 3.3% in 2012 from 2011's anemic 1.25% on a 2H12 pickup in the PC and notebook markets as the supply chain returns to its pre-Thai-flood levels and on continued strong growth from the tablet and smartphone segments. Notes STATS is planning to double its Spore production capacity this year to cater to the tablet and smartphone segments. Adds STATS expects 1Q12 sales to fall 5% on-quarter, which the house believes is likely to mark the bottom on a sequential basis for this year. But adds, the stock's recent 46% price recovery means it is near its historical average 1X P/B. The stock is up 3.7% at $0.56.