Managing Director, Zero One, Zero One

Vincent Fernando, CFA

20 years of experience researching capital markets in Asia and the USA.

Managing Director, Zero One

Taiwan Tech Weekly: Our Summary of Sweeping New China Restrictions, TSMC Results This Week

Taiwan Tech Weekly: Hon Hai Tech Day Today, Apple Drops China Supplier; Shows Severity of New Rules

FTSE TWSE Taiwan 50/ Div+ Index Rebalance: Sinopac Holdings and Elan Micro To Watch For

Taiwan Div+ Index Basket Trade Review - Time To Swing The Other Direction

Elan Microelectronics Event: Index Removal Selling Could Exacerbate Price Divergence

Gravity Works As WeWork Doesn't; Now Plan B

Equity Bottom-Up

<ul>
<li>Elan's index removal has resulted in a spike in volume, however the removal selling should be abating.</li>
<li>The company remains in a very strong position with a large cash warchest and additional cash to be generated even in a down-cycle.</li>
<li>The company should buyback shares in our view, as it did in 2021. Industry weakness also presents acquisition opportunities.</li>
</ul>


Elan's index removal has resulted in a spike in volume, however the removal selling should be abating.
The company remains in a very strong position with a large cash warchest and additional cash to be generated even in a down-cycle.
The company should buyback shares in our view, as it did in 2021. Industry weakness also presents acquisition opportunities.


Elan Microelectronics: Index Removal Ending, Cash Rich for Buybacks or Acquisitions