Asustek’s 3Q Profits Harmed by CPU Shortage and Foreign Exchange Losses; Cutting FVE to TWD 248
No-moat Taiwanese computer maker Asustek reported weak third-quarter results that fell short of our expectations, with revenue and net profit down 10% and 43% year on year, respectively. The underperformance largely resulted from a shortage of central processing units, or CPUs, provided by Intel, and intensifying pricing competition in the European market coupled with foreign exchange losses due to escalating U.S.-China trade tensions.Management guided to a conservative business outlook for the...
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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