Accumulate on any share price weakness
​AIDC held an analyst meeting on Apr 22, with focal discussions on A-team 4.0 and trainer jet projects. We keep our 2016-17F earnings forecasts largely unchanged. We view current share price strength is mainly due to the news that AIDC’s ex-chairman will be the Minister of National Defense, and suggest investors accumulate on any share price weakness. . We like AIDC given the civil aircraft industry trend, the winning of trainer jet projects, and its current order backlog of over NT$100 bn. We appreciate AIDC’s efforts on A-team, which will likely enhance its competitiveness in the long run.
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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