Mobile Business Continued to Weigh on Asustek’s 1Q Result; TWD 222 FVE Unchanged
No-moat Asustek’s first-quarter results were broadly in line with our expectations, with revenue and net profit down 7.3% and 8.1% year on year, respectively. The transformation of the smartphone business continued to weigh on its profitability, with gross margin down 2.5 percentage points from the year-ago quarter. However, the 11.5% gross margin improved significantly compared with 4% gross margin in the last quarter. Management seemed to be more optimistic with a mild growth outlook for the y...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.