Quantamental Investing to beat Benchmarks

A. Stotz Investment Research

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Phison (8299.TT): Insistence in NAND Flash Technology

Phison (8299.TT): 2Q22 Could Expect a Slightly Growth QoQ

What Phison/Partner Said About Toshiba Memory Sales?

Phison Chairman Expects NAND Price Correction in 2Q17 and Not Ruling Out to Invest Toshiba Memory

Toshiba NAND Unit Sales - Apple Comes to Help but WD Comes to Sabotage

CEO, A. Stotz Investment Research

Dr. Andrew Stotz, CFA

Equity Bottom-Up

<ul><li>Good price momentum, earnings on an upcycle trend, and low debt levels relative to its sector</li><li>Shipments of new PCIe solid-state drives (SSD) should gain momentum due to  growing demand for faster computing; the average selling price of PCIe SSDs is two times higher than that of older standard SATA</li><li>In order to support growing demand Phison’s new factory in Miaoli with a total investment of US$25m has commenced its operations in 2Q17; the company plans to double headcount</li><li>Trades slightly above Asian Info Tech at 17CE* 3.1x PB but offers better ROE, higher dividend yield and is net cash</li><li>Risks: Slowdown in smartphone and PC markets</li></ul><p><em>* Consensus Estimates</em></p>

Good price momentum, earnings on an upcycle trend, and low debt levels relative to its sectorShipments of new PCIe solid-state drives (SSD) should gain momentum due to  growing demand for faster computing; the average selling price of PCIe SSDs is two times higher than that of older standard SATAIn order to support growing demand Phison’s new factory in Miaoli with a total investment of US$25m has commenced its operations in 2Q17; the company plans to double headcountTrades slightly above Asian Info Tech at 17CE* 3.1x PB but offers better ROE, higher dividend yield and is net cashRisks: Slowdown in smartphone and PC markets* Consensus Estimates

Phison(8299 TT): 성장을 견인할 새로운 솔리드 스테이트 드라이브

Phison Electronics

Phison(8299 TT): 성장을 견인할 새로운 솔리드 스테이트 드라이브