Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Nearly 25 years of experience in analyzing hundreds of companies, especially in Asia. Deep expertise in the following sectors:
- Technology (E-commerce, SaaS, Internet)
- Consumer 
- Special Situations/Deep Value Plays
- Holdcos/Stubs
- Asian Unicorns/Private Companies

Korea/Asia, Events, IPOs

HIWIN (2049 TT): Robust Demand from Global Machinery Market

Equity Bottom-Up

Established in 1989, <a href="https://www.smartkarma.com/entities/hiwin-technologies-corp" target="_blank" data-smartkarma-citation="entities:6797:1" rel="noopener">Hiwin Technologies (2049 TT)</a> is one of the largest machinery components companies in Taiwan with excellent technologies and product quality. It makes products such as linear motion guides, ball screws, linear bearings, and linear motor system. The recent sell-off in Hiwin Technologies provides an attractive opportunity to pick up its shares at more attractive valuations. In the past three weeks, there have been many stocks in Taiwan that have been knocked down, including <a href="https://www.smartkarma.com/entities/hiwin-technologies-corp" target="_blank" data-smartkarma-citation="entities:6797:1" rel="noopener">Hiwin Technologies (2049 TT)</a>.  A primary reason for this sell-off has been due to the drastic increase in new COVID-19 cases in Taiwan, a country which until May 2021 has enjoyed one of the lowest total cases of COVID-19 per population in the world since the pandemic's outbreak last year. Taiwan is in a state of emergency right now.Key catalysts of the company are as follows:<ul>
<li>Improving product prices</li>
<li>Increasing demand from the Asian auto sector, including EV</li>
<li>Increasing product sales to the semiconductor sector </li>
</ul>

Established in 1989, Hiwin Technologies (2049 TT) is one of the largest machinery components companies in Taiwan with excellent technologies and product quality. It makes products such as linear motion guides, ball screws, linear bearings, and linear motor system. The recent sell-off in Hiwin Technologies provides an attractive opportunity to pick up its shares at more attractive valuations. In the past three weeks, there have been many stocks in Taiwan that have been knocked down, including Hiwin Technologies (2049 TT).  A primary reason for this sell-off has been due to the drastic increase in new COVID-19 cases in Taiwan, a country which until May 2021 has enjoyed one of the lowest total cases of COVID-19 per population in the world since the pandemic's outbreak last year. Taiwan is in a state of emergency right now.Key catalysts of the company are as follows:
Improving product prices
Increasing demand from the Asian auto sector, including EV
Increasing product sales to the semiconductor sector 


Hiwin Technologies: A State of Emergency in Taiwan Presents an Opportunity to Buy at Cheaper Levels