Double-digit sales YoY growth target in 2016 remains on track
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Unlike many Tech companies that have high exposure to CE products with weakening demand outlook, Advantech’s pure exposure to the steadily rising IoT and smart city industry allows it to post stable earnings growth year after year. Advantech’s share price has been relatively stable, owing to its pure sales exposure to the steadily rising IoT and smart city industry, allowing it to post stable earnings growth year after year. In addition, we also like Advantech for its diversified business nature, and mgmt’s clear long-term corporate strategies, which will allow it to gradually capture the emerging opportunities in the IoT and smart city industries. Although the global macro remains uncertain, mgmt cited that it is on track to reach its double-digit sales YoY growth target in 2016.
Advantech is engaged in manufacture and sale of embedded personal computers (PCs), industrial automation products, industrial computers and panel PCs. Other activities include the provision of consultancy and investment services.
Yuanta is a Taiwan-headquartered brokerage with a growing presence in Asia, especially across Greater China. Our team of 140+ provides cutting-edge analysis on key sectors, spread across offices in Taiwan, Hong Kong, Shanghai (A-Share), Seoul and Jakarta. With an ever-expanding coverage universe of 400+ companies, we provide in depth analysis with unique local color to investors. Consistently being voted the Best Investment Consulting Firm in Taiwan in the AsiaMoney broker poll is evidence of our strength. We target providing an extensive range of research, from small, to mid-sized, to large cap. We bring you the big, well-covered names, as well as going off the beaten track to research the less-familiar companies.
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