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Morgan Stanley promotes Taiwan DRAM-maker stock shares

With expectations of higher spot and contract prices in the third quarter, the US investment bank Morgan Stanley said investors could buy more shares of Taiwan's dynamic random access memory (DRAM) chip makers. Looks like the low memory module prices that we are seeing on the market are likely to go up a good percentage if DRAM contract prices go up 5%.

In a report released yesterday, Morgan Stanley suggested investors invest in Nanya Technology Corp, Powerchip Semiconductor Corp and Winbond Electronics Corp. "We expect 256 megabit DRAM spot pricing to reach US$3 soon from about US$2.5 currently on improved seasonal demand," Morgan Stanley analyst Frank Wang said. The DRAM contract prices this month are expected to increase by 3 to 5 percent and the price hike trend should continue next month and in September, Wang said.

Taipei Times

Posted by | Wed, Jul 13, 2005 - 11:17 PM