Loading, Please wait ...

Please contact us if you would like to upgrade your account to include access to financial models

Please contact us if you would like to upgrade your account to include short term strategies for this stock.

QMNDQ.PK

ISIN: US7469041013
SEDOL: B19N5M3

Rating:

HOLD

Target Price:

4.84 USD

Investment Horizon:

6 to 12 months
23rd Jan 2009 View Report   Download

Company News Alert

CLICK VIEW REPORT TO READ FREE REPORT

On 23 January 2009, Qimonda AG (Qimonda) filed a petition for insolvency in Munich, with a view to performing its restructuring program and reorganizing the company in order to prevent further deterioration of its financial position and a potential closure. Hence, we are temporarily suspending our rating and target price for the ADR until further details of the insolvency…

6th Jan 2009 View Report   Download

Company News Alert

CLICK VIEW REPORT TO READ FREE REPORT

Qimonda AG’s (Qimonda) ADR price appreciated significantly on 05 January 2009, partly reflecting the impact of a benchmark increase in DRAM prices on the day. We do not expect the current improvement in sentiment to last long in view of the deteriorating global economic scenario and anticipated persistent weakness in demand. Consequently, although…

23rd Dec 2008 View Report   Download

Company News Alert

CLICK VIEW REPORT TO READ FREE REPORT

Qimonda AG (Qimonda) registered a single day price appreciation of 40.0% on 22 December 2008 reflecting positive investor sentiment triggered by the bail-out received by the company. Although the target price does not support a HOLD rating and the loan should secure the company’s short term future, we maintain our current HOLD rating in view of the potential impact of…

22nd Dec 2008 View Report   Download

Company News Alert

CLICK VIEW REPORT TO READ FREE REPORT

Qimonda AG (Qimonda) announced that it has arranged for a €325 mn loan from the German state of Saxony, Infineon Technologies AG (Infineon) and an unnamed leading Portuguese financial firm....

19th Dec 2008 View Report   Download

Company News Alert

CLICK VIEW REPORT TO READ FREE REPORT

Qimonda AG (Qimonda) registered a single day price appreciation of 47.9% on 18 December 2008 reflecting positive investor sentiments following Infineon Technologies AG (Infineon) announcement that it was willing to provide a €75 mn loan to Qimonda to contribute to its bail-out, as well as appreciation in DRAM chip prices. However, we maintain our current HOLD rating for the stock in view of stock price…