Delta Electronics (2308 TT, TRADING BUY, NTD272.50)
FY22 revenue/earnings may rise; we recommend TRADING BUY given its flat momentum in the short run. Affected by seasonality, Delta Electronics’ 1Q22...
168 Views
Lite-On Technology (2301 TT, TRADING BUY, NTD63.90)
Revenue/earnings momentum may decelerate in the short run; adjust from BUY to TRADING BUY. Catalyzed by growth in core businesses, Lite-On’s...
176 Views
Merida (9914 TT, BUY, NTD290.00)
Full orders with high demand for e-bikes; upgrade to BUY. Merida posted FY21 revenue of NTD29.404bn (+8.61% YoY). FY21 EPS is estimated at...
173 Views
UMC (2303 TT, BUY, NTD57.30)
100% capacity utilization rate; reiterate BUY with TP of NTD74. UMC’s growth momentum may come from 5G, IoT and EV in FY22. In particular, higher...
174 Views
Fubon FHC (2881 TT, TRADING BUY, NTD73.10)
Investment outlook appears promising in FY22; recommend TRADING BUY. Fubon FHC posted 1Q~3Q21 net profit of NTD130.2bn. FY21 earnings may...
385 Views