External broker reports(aggregated public sources), Capital Securities Corp

Capital Securities

Capital Securities provides clients with investment services covering diversified financial products. We have outstanding business performance amid intense competition in the domestic securities market. 

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External broker reports(aggregated public sources)

Equity Bottom-Up

E.Sun Financial Holding Co / Equity Bottom-Up

<p>Revenue/earnings may resume growth in FY21; recommend TRADING BUY. The FHC maintains momentum across its core businesses. In addition to rising loan demand, its asset and capital both appear sound. Thus, we reiterate TRADING BUY with TP of NTD28.0 (1.6x FY20 PBR).</p><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

Revenue/earnings may resume growth in FY21; recommend TRADING BUY. The FHC maintains momentum across its core businesses. In addition to rising loan demand, its asset and capital both appear sound. Thus, we reiterate TRADING BUY with TP of NTD28.0 (1.6x FY20 PBR).Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

E.Sun FHC (2884 TT, TRADING BUY, NTD35.8)