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Another day, another upgrade for Spreadtrum (SPRD +4.5%). Jefferies' Ken Hui, who is lifting...

Another day, another upgrade for Spreadtrum (SPRD +4.5%). Jefferies' Ken Hui, who is lifting shares to Buy, observes China Mobile's (CHL) strong TD-SCDMA 3G sub growth is increasing the market for Spreadtrum's baseband chips, and that prices have stabilized thanks to supply constraints. The firm now sees China Mobile posting 2013 TD-SCDMA net adds of 74.4M and phone shipments of 139M (+88%). Such growth is also a positive for Marvell (MRVL) and Qualcomm (QCOM). (Chardan Capital upgrade)
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  • vallies
    , contributor
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    I can't agree with you more. I had this one way back. That's when the whole thing got muddy and in the waters. Then they declared a dividend. I had my positions at 9. and 12. It ran up like crazy and fell back. Still wish I owned this one. It's about the only Chinese stock I would recommend. Why, the div. This and TSM. I now own CAF. For tech I own the unloved INTC and CSCO. Will hold both, But SPRD is a winner. Sad I sold it.
    20 Mar 2013, 03:04 PM Reply Like
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