TheScreener - Novatek Microelectronics Corp. (3034) NOVATEK MICROELECT sees a downgrade to Negative on account of less fundamental stars

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NOVATEK MICROELECT sees a downgrade to Negative on account of less fundamental stars

The independent financial analyst theScreener just lowered the general evaluation of NOVATEK MICROELECT (TW), active in the Semiconductors industry. As regards its fundamental valuation, the title now shows 1 out of 4 stars while market behaviour can be considered risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Negative. As of the analysis date February 15, 2022, the closing price was TWD 453.00 and its target price was estimated at TWD 383.55.

16/02/2022 1 EN

Underlying

Novatek Microelectronics Corp.

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.

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TW0003034005 Taiwan Stock Exchange Chinese Taipei

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NOVATEK MICROELECT sees a downgrade to Negative on account of less fundamental stars

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An unfavourable environment weighs on ROYAL BAFOKENG PLATINUM, which sees a downgrade to Slightly Negative

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