D/G - Positive guidance, but wary of late year cut - 3698 TT; HOLD-OPF
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While Lextar’s 1Q16 results are slightly better than expected and its guidance remains unchanged, we see higher execution risk into 2H16F. Its stock price is likely to consolidate from here.
Lextar Electronics Corp. is a Taiwan-based company principally engaged in the research and development, manufacture and sales of backlight applications and lighting components and finished products. The Company's main products include indium gallium nitride (InGaN) epitaxial wafers and chips, packages and its modules. Its products are applied in liquid crystal display (LCD) backlights and lighting equipment. The Company distributes its products within domestic market and to overseas markets.
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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