TSMC Expects Stronger Sales but Lower Capex Density, Implying Room to Raise Cash Dividends
SummaryDespite much in line 1Q18 guidance (8-10% q/q sales decline, 49.5-51.5% gross margin, 38-40% operating margin), most of the incremental new...
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BBSP Equity Asia Weekly Research 10th January 2018
Mid Term Country Allocation (Tactical view) in terms of Relative Value vs MXAP• HSCEI/MXAP ratio is moving in a range pattern. Therefore downgrade...
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Samsung (005930 KS): Changing the Game with Foldable Screens
Earnings on an upcycle trend, sales on an upcycle trend, and low debt levels relative to its sector Going to increase its DRAM capacity in order...
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Samsung Life's SamE Stake Disposal - Facts & Calculations
The Korea FTC (the KFTC for short) is now 'officially' pushing Samsung Group for governance reform. It first ordered Samsung SDI to dispose all of...
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Will China NDRC Drive Memory Price Down in 2018 After a Likely Antitrust Investigation?
Summary NDRC might proceed an investigation: To protect domestic smartphone and PC/tablet vendors' profits and global competitiveness, we expect...
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