HANA: Strong Outlook for 2022 and Beyond, but Priced-In
Yesterday analysts meeting came out with a positive tone. Large capacity expansions in PCBA Thailand (+25% capacity) and IC China (+100% capacity)...
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HANA: Robust Sales and Margin
We maintained HOLD rating with new 2022E target price at Bt71.00, (up 35% from Bt52.50), derived from 18.5xPE’22E, which is +2SD of its 3-year...
232 Views
HANA: Benefit from Strong Demand Could Be Limited by Chip Shortage
We maintained HOLD rating with new 2022E target price at Bt52.50, (up 13% from Bt46.50), derived from 18.5xPE’22E, which is +1SD of its 3-year...
218 Views
HANA: Covid-19 Impact Has Passed
We maintain HOLD rating for HANA with a new 2021E target price of Bt38.50, derived from 13.8xPE’21E, which is +0.5 SD of its 5-year trading...
350 Views
HANA: Cheap Valuation and Clean Balance Sheet
We initiate coverage of HANA with a BUY rating and a 2021E target price of Bt32.00, derived from 13.6x PE’21E, which is +0.5 SD of its 5-year...
475 Views