Asustek’s 4Q Results Miss Due to Costs for Mobile Business Restructuring; Slashing FVE to TWD 222
No-moat Asustek Computer’s fourth-quarter 2018 results came in worse than we expected. Due to a one-time impairment cost of TWD 6.05 billion stemming from its smartphone business restructuring, the company reported a net loss TWD 2.82 billion for the fourth quarter. Net profit for 2018 declined 73% year on year to TWD 4.24 billion, with EPS reaching TWD 5.70. Brand revenue was down 15% year on year to TWD 88.1 billion in the fourth quarter. Mobile sales dropped significantly, around 45% year on ...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.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.