Report
EUR 55.04 For Business Accounts Only

1Q16 earnings beat; GM trending up - 2377 TT; BUY

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1Q16 EPS grew 9% QoQ and 22% YoY to NT$1.37, beating our/consensus estimates by 20%/20%.

Underlying
Micro-Star International Co. Ltd.

MicroStar International is engaged in the manufacture, sale and purchase of main board, graphics card and the design of all types of computer hardware and related products and component. Through its subsidiaries, Co. is also engaged in the repair and maintenance of computer, main board and electronic component; the general investment; the logistic business; the testing, inspection, repair and maintenance of computer, electronic devices and related products; and the research, development, sale, purchase, repair and maintenance of automobile electronic products.

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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