Report
EUR 60.60 For Business Accounts Only

Risks point to prolonged valuation discount

​We remain structurally cautious due to the high probability of a casing-material change for all iPhone 8 models in 2H17. We believe the market still underestimates the glass casing adoption for iPhone 8 and the ASP of metal frames.

Underlying
Catcher Technology Co. Ltd.

Catcher Technology is engaged in the manufacture, processing and sale of aluminum, magnesium alloy compression casting and moulds; and lease of land and factory buildings. Co. provides one-stop shopping services to its clients. Co. also provides customers different options on forming process and surface treatment, e.g. extrusion, stamping, forging, and injection mold for different materials. In addition, Co. is engaged in general investments; trading businesses; and manufacture and sale of moulds and electronic components. Co.'s major products include laptop as well as consumer electronic products and parts. Co. operates principally in Taiwan and the People's Republic of China.

Provider
Yuanta
Yuanta

​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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