Asustek’s Upbeat 1Q Profits Were Encumbered by One-Off Settlement Provision; Shares Fairly Valued
Thanks to improving profitability due to organizational restructuring, no-moat Asustek’s TWD 4.47 billion first-quarter recurring profit, increasing 22% year over year, was ahead of our expectation, although net profit dropped 35% from last year to TWD 2.38 billion. This was due to a one-off euro 65 million provision for anticipated fines from the European Commission, which launched an investigation into improper maintenance of retail prices in February 2017.We are retaining our no-moat and sta...
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.
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