Asustek's 1Q Results Damped by Weak PC Market, Rising Component Costs; Shares Fairly Valued
No-moat Asustek's first-quarter results fell short of our expectations, with revenue down 10.8%, operating profit down 18.9%, and net profit down 12.3% versus the year-ago period. This worse-than-expected outcome was mainly attributable to severe competition in weak mainstream consumer PC markets (lower revenue) and higher costs for some key components, such as DRAM and panels (lower margins), as well as a negative impact from the stronger foreign exchange rate of Taiwan dollars against U.S. dol...Asustek Computer is engaged in the production, design and sale of notebook PCs, main boards, CD-ROMs and add-on cards. Co.'s product lines include desktop and server, 3D AutoCAD, advanced sound blaster, NB, EeePC computer and Eee series Eee Pc, intelligent navigation phone, LED display, broadband and communication products, and advanced server.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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