Stats Chippac

Stats Chippac: Could see continued positive sentiment, after TSMC the world’s largest foundry (metal castings) and a key customer of STATS reported 4Q12 sales, +25% yoy to NT$131b, beating expectations and also guided for 1Q 13 sales of NT$127-129b also beating expectations of NT$124b.Grp's founder and Chairman add that the co will be increasing their capex plans for 2013 by 13% due to stronger than expected demand for smart-phone and tablet computers. Recall, earlier this mth, STATS too raised its 4Q12 sales guidance by between 9-14% on the back of better than expected demand from smart-phones and tablet computers. Capex budget was also raised between 20-40%.