Emile Farsoun

Equity Bottom-Up

<a href="https://www.smartkarma.com/entities/mediatek-inc" target="_blank" data-smartkarma-citation="entities:772:1" rel="noopener">Mediatek Inc (2454 TT)</a> is an attractive play on 5G, after overcoming past mistakes, which we believe the company has addressed running up to the next cycle. Competition and in-sourcing remain key risks. In our view, the trade war could be a positive for the company, as <a href="https://www.smartkarma.com/entities/qualcomm-inc" target="_blank" data-smartkarma-citation="entities:969:1" rel="noopener">Qualcomm Inc (QCOM US)</a> , its main competitor, may have more to lose with retaliation from China.In this insight, we investigate how Mediatek is not the same company leading up to the 4G cycle, and the business today has diversified into being a player in IoT and not just a smartphone supplier.Although the stock has risen significantly this year, we believe the valuation is attractive and investors should be taking advantage of any quarterly disappointments.

Mediatek Inc (2454 TT) is an attractive play on 5G, after overcoming past mistakes, which we believe the company has addressed running up to the next cycle. Competition and in-sourcing remain key risks. In our view, the trade war could be a positive for the company, as Qualcomm Inc (QCOM US) , its main competitor, may have more to lose with retaliation from China.In this insight, we investigate how Mediatek is not the same company leading up to the 4G cycle, and the business today has diversified into being a player in IoT and not just a smartphone supplier.Although the stock has risen significantly this year, we believe the valuation is attractive and investors should be taking advantage of any quarterly disappointments.

Mediatek (2454 TT): An Attractive Play on 5G, After Overcoming Past Mistakes