Novatek Q4 20 - Neutral financials with final DPS of RUB 16
-Revenue and EBITDA marginally above estimates on higher liquids sales prices-Final 2020 DPS might be RUB 16 based on revealed H2 20 normalised net income
-Capex for North-Russkoye exceeded estimates, though its gas output also beat forecast
NOVATEK MICROELECTRONICS CORP. is a Taiwan-based company principally engaged in the research, development, design, manufacture and distribution of wafers. The Company's primary products include flat-panel display drive wafers and system-on-chip (SOC) wafers. The flat-panel display drive wafers mainly include large-size panel drive wafers, light emitting diode (LED) drive wafers, as well as mobile communication portable consumer panels drive wafers. The SOC wafers include liquid crystal display (LCD) panel control wafers, digital set top box and multimedia control wafers, digital still camera control wafers, digital video disk (DVD) player wafers, digital photo frame wafers and image sensor wafers. The Company mainly operates its businesses in Taiwan and the Asian-Pacific regions.
The Institutional Equity Research team of Raiffeisen Bank International AG covers 85 stocks from Austria, Central & Eastern Europe with sell-side research and thus levers our local broker status with excellent company relationships. For corporates in Austria, CEE and Western Europe, we offer co-sponsored research, which includes research coverage and marketing activities to investors. Additionally, through our Spotlight Research product we also shed light on leading European small and micro-caps, seeking greater visibility with investors.
The Institutional Equity Research team consists of roughly 15 analysts, both in Vienna and the CEE countries. Our analysts provide long-standing sector expertise in tandem with profound local market know how and a sectoral approach across the entire region.
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.