Still one of our favorite Semi stocks
Stock trading: Parade’s share price has hovered around NT$300 and underperformed the TAIEX by 10% over the past two months, as investors are concerned about its sales momentum exiting 1H16, post Huawei’s 8% 2016 smartphone (SP) shipment forecast cut (from 125 mn to 115 mn in June). However, since Huawei’s SP business only accounts for ~10% of Parade’s sales, the 8% cut may translate to merely a 1% sales impact on Parade, suggesting concerns could be overdone, especially after FINI and ITC combined have trimmed down 7-8% of their holdings in the past month.
Parade Technologies is a fabless semiconductor company based in Taiwan. Co. designs, develops and sells display and interface solutions for computing, consumer and handset markets. Co.'s product portfolio includes timing controllers, converters, repeaters, MUX, DeMUX, level shifters and other related solutions. Applications for Co.'s products include desktops, notebooks, monitors, tablets, smartphones and other consumer electronics and display panels.
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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