Asustek’s Q3 Results Were in Line With Forecast; Mobile Sales Will Surge in Q4; Shares Undervalued
No-moat-rated Asustek continued to track our expectations in the third quarter, with operating profit increasing 14% sequentially or declining 15% year over year to TWD 4.28 billion. Quarterly brand revenue of TWD 107.5 billion was slightly above the company’s guidance and our forecast, owing to better-than-anticipated sales from the newly launched smartphones, along with higher average selling prices. In addition, we saw a better-than-expected net profit of TWD 5.98 billion, up 45% sequentially...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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