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)

Chips Cycle Long/Short: Long Nanya Tech Vs. Short Winbond

Nanya Tech: Valuation Backtest Implies Upside, Potential Catalyst Thursday

Nanya Tech: Micron Results, Light at the End of the Tunnel? Shares Rise

Equity Bottom-Up

<p>We maintain NEUTRAL on DRAM price corrections. As economies have reopened and caused lower expected demand for consumer PCs and Chromebooks, related OEM vendors’ tight supply has eased, leading to lower prices of standard memory units. We expect this round of DRAM price corrections to persist into 1H22. Maintain NEUTRAL. </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>

We maintain NEUTRAL on DRAM price corrections. As economies have reopened and caused lower expected demand for consumer PCs and Chromebooks, related OEM vendors’ tight supply has eased, leading to lower prices of standard memory units. We expect this round of DRAM price corrections to persist into 1H22. Maintain NEUTRAL. 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.

Nanya Technology (2408 TT, NEUTRAL, NTD63.70) 