BIOSENSORS, csfb maintain OUTPERFORM with target price $0.8($0.9) EPS for FY09/10 revised to UNCHANGED and raised by 48% BIOSENSORS, ocbc maintain BUY with target price $0.74

CAMBRIDGE, dbs downgrade to HOLD with target price $0.41($0.44) EPS for FY09/10 lowered by 4% and 9% CAMBRIDGE, rbs remains a HOLD with target price $0.40(from $0.23)

CAPITALAND, csfb maintain OUTPERFORM with target price $4.21

CHARTERED SEMI, jpm maintain NEUTRAL with target price $2.10

CHINA XLX, cimb downgrade to UNDERPERFORM from NEUTRAL with target price $0.34 CHINA XLX, dbs maintain FULLY VALUED with target price $0.44($0.37)

DBS, rbs maintain downgrade to HOLD from BUY with target price $13.50($14)

GENTING SP, dbs reinitial coverage BUY with target price $0.98

MAPLETREE LOGISTICS TRUST, ubs maintain BUY with target price $0.87($0.67)

OCBC, rbs downgrade to HOLD from BUY with target price $8

RAFFLES MEDICAL, cimb maintain OUTPERFORM with target price $1.19($1.04) RAFFLES MEDICAL, csfb maintain OUTPERFORM with target price $1.65 RAFFLES MEDICAL, db maintain HOLD with

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For Immediate Release

Chicago, IL - June 25, 2009 - Zacks.com releases the latest Zacks Industry Rank. Stocks featured in this week's analysis include Stericycle (SRCL), Quest Diagnostic (DGX), Biogen Idec (BIIB), AmeriSourceBergen (ABC), Abbott Labs (ABT), Sunoco (SUN), Tesoro (TSO), AK Steel (AKS), Nucor (NUE), United States Steel (X), Fifth Third (FITB), First Horizon National (FHN), Zions Bancorp (ZION), Suntrust Banks (STI), Franklin Resources (BEN), AllianceBernstein Holding (AB), Texas Instruments (TXN), National Semiconductor (NSM) and Micron (MU).

Zacks Industry Rank Analysis is written by Charles Rotblut, CFA, Senior Market Analyst for Zacks.com.

This Week: Second-Quarter Earnings Outlook

Second-quarter earnings will be ugly.

Median EPS is projected

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Semiconductor & Semi Equipment Begin a Slow March Back

On June 5th, the Semiconductor Industry Association (SIA) released its annual mid-year forecast projecting worldwide sales of $195.6 billion for 2009, a decline of 21.3% from sales of $248.6 billion in 2008. SIA projects that sales will begin to rebound in 2010, with year-on-year growth of 6.5 percent to $208.3 billion, followed by 6.5 percent growth in 2011 to $221.9 billion.

On June 1st, the SIA announced worldwide sales of semiconductors rose to $15.6 billion in April, an increase of 6.4% from March when sales were $14.7 billion, the Semiconductor Industry Association (SIA) reported today. April sales were 25% lower than April 2008 when sales were $20.9 billion.

SIA president George Scalise had some interesting comments:

"The better-than-expected 6.4% sequential increase in April sales was driven by moderate improvements in a number of end-demand drivers and inventory replenishment...[T]he PC market -- a major consumer

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Semiconductor & Semi Equipment Begin a Slow March Back

On June 5th, the Semiconductor Industry Association (SIA) released its annual mid-year forecast projecting worldwide sales of $195.6 billion for 2009, a decline of 21.3% from sales of $248.6 billion in 2008. SIA projects that sales will begin to rebound in 2010, with year-on-year growth of 6.5 percent to $208.3 billion, followed by 6.5 percent growth in 2011 to $221.9 billion.

On June 1st, the SIA announced worldwide sales of semiconductors rose to $15.6 billion in April, an increase of 6.4% from March when sales were $14.7 billion, the Semiconductor Industry Association (SIA) reported today. April sales were 25% lower than April 2008 when sales were $20.9 billion.

SIA president George Scalise had some interesting comments:

"The better-than-expected 6.4% sequential increase in April sales was driven by moderate improvements in a number of end-demand drivers and inventory replenishment...[T]he PC market -- a major consumer

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Second-quarter earnings will be ugly.

Median EPS is projected to drop 21.2%. Nearly 75% of S&P 500 members are forecast to report earnings that are lower than a year ago. 62 companies are projected to have lost money.

These numbers are not unexpected given that we remain in the midst of a recession. They could even prove to be too pessimistic given the propensity of companies to surprise and the relative improvements in economic conditions.

Growth Industries

The one sector projected to show the strongest growth is also the one with the highest political risk - Medical. The majority of medical care providers, health insurers, pharmacy benefit managers and drug companies should report a year-over-year increase in profits.

Zacks #2 Rank ("buy") stocks expected to report growth include Stericycle (

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For Immediate Release

Chicago, IL - June 11, 2009 - Zacks.com releases the latest Zacks Industry Rank. Stocks featured in this week's analysis include Texas Instruments (TXN), Analog Devices (ADI), Cree (CREE), Marvell Technology Group (MRVL), Semtech (SMTC) and S&P Semiconductor SPDR (XSD).

Zacks Industry Rank Analysis is written by Charles Rotblut, CFA, Senior Market Analyst for Zacks.com.

This Week: Chip Industry Starting to Recover

The chip industry is showing signs of recovery as 3 different sets of data show.

On Monday afternoon, Texas Instruments (TXN) raised its second-quarter guidance. Revenues should total between $2.3 billion to $2.5 billion, versus the previous forecast of $1.95 billion to $2.40 billion. Earnings should be between 14 cents and 22 cents per share, versus the previous forecast of 1 cent to 15 cents.

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The chip industry is showing signs of recovery as 3 different sets of data show.

On Monday afternoon, Texas Instruments (

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Semi equipment book-to-bill continues trend of improvement North America-based manufacturers of semiconductor equipment posted $253 million in orders in April 2009 (on a three-month average basis) and a book-to-bill ratio of 0.65 according to the April 2009 Book-to-Bill Report published today by SEMI. A book-to-bill of 0.65 means that $65 worth of orders were received for every $100 of product billed for the month.The three-month average of worldwide bookings in April 2009 was $253 million. The bookings figure is three percent greater than the final March 2009 level of $245.6 million, and about 77 percent less than the $1.09 billion in orders posted in April 2008.The three-month average of worldwide billings in April 2009 was $389.9 million. The billings figure is 11 percent less than the final March 2009 level of $438.3 million, and about 71 percent less than the April 2008 billings ...

Cognex Corp. (CGNX, Hold) recently reported its Q1 fiscal results, which were dismally poor and provided no specific guidance going forward. Moreover, the company indicated that Q2 is expected to be down sequentially, and a loss from continuing operations is likely.Cognex is a leading provider of machine vision products which capture and analyze visual information in order to automate tasks, primarily in manufacturing processes, where vision is required. A lot of manufacturing equipments require machine vision because of the increasing demand for speed and accuracy in manufacturing processes.Q1 revenues of $42.3 million were down 30% from a year ago and down 18% sequentially. The company experienced significant year-over-year and sequential declines from both the Semiconductor and Electronics Capital Equipment (SEMI) market and the factory automation market.The SEMI industry continues to be in its down cycle. Fabs are running below capacity and customers ...

The time has finally arrived for solar energy and other so called “alternative” sources of energy. But companies have been slow to take up the mantle until now, when oil prices have changed consumer habits.

“Other nations have very generous incentives for solar energy and are leading in investment in this area,” said Victoria Hadfield, president of SEMI North America. “Now is the time to extend the ITC for solar energy. Failure to do so will ensure that these investments are made overseas.”

With that as background, SEMI, the global industry association that serves the manufacturing supply chain for microelectronic, display and photovoltaic (solar), is urging the United States Congress to reinstate tax credits and to do so before Congress adjourns at the end of the month. SEMI represents nearly 800 companies in the United States.

The Investment Tax Credit is set to expire at the end of 2008 and the Research and

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