09.05.2001
Ritek’s Aug revenue trends higher

• Development: Ritek expects August revenue to continue trending upwards, and is likely to surpass the firm’s historical monthly high of NT$2.3bn on growing demand for CD-R.

• Analysis: The slight increase in monthly revenue (from NT$2.2bn in July) does not allay our concerns about flattening CD-R prices. Weak global demand is still hindering deployment of new products such as PSM (personal storage media) and DWDM TFF (thin-film-filter).

• Primasia View: We believe Ritek shares will flat-line until definite signs of a global economic turnaround emerge.