Largan’s 2Q2019 Results Positive but Long-Term Fundamentals Largely Priced in; Shares Fully Valued
Despite the overhang from the U.S. technology supply ban on Huawei, which led to a 25% pullback in Largan’s stock price between early May and June, it posted resilient results in the second quarter. Encouragingly, revenue grew 14.5% year over year, which is an improvement from 10.7% growth in the March quarter. Its gross margin rose to 69.6%, which is better than 64.2% from the previous quarter, and a percentage point better than the same period last year. We believe that much of the strong grow...Largan Precision is engaged in the design, research, development, manufacture and sale of optical lens, camera projector, field glasses, microscope, scanner, viewfinders, camera lens module, mobile phone lens, object lens, mouse lens, digital camera and related spare parts; and the provision of after sales services.
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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