D/G - 1Q16 miss; GM contraction hard to reverse - 6279 TT; HOLD-OPF
​Although the strong trend of auto-electronics development will sustain Hu Lane’s L-T growth, we think GM contraction in 1Q16 due to pricing pressure from clients and higher labor costs will continue to offset revenue growth.
Hu Lane Associate and its subsidiaries are engaged in the manufacture and sales of automobile electronic products and components, terminal devices, terminal crimping, industrial rubber and plastic products.
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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