Muted earnings growth in 2016 - 4958 TT; HOLD-OPF
​ZDT’s share price has dropped 20-30% over the past two quarters, mainly due to the weaker than expected iPhone 6S demand leading to a disappointing 4Q15/1Q16 sales performance. Although ZDT is trading at an undemanding 8x fully-diluted 2016F EPS with 6.5% yield, Apple’s slowing FPC procurement along with ZDT’s muted earnings growth may continue to suppress its valuation down the road. We may turn positive when the Street’s downward revision of iPhone shipments comes to an end.
Zhen Ding Technology Holding Ltd is a Taiwan-based company principally engaged in the design, development, manufacture and distribution of printed circuit boards (PCBs) and semiconductor related products. The Company mainly provides PCBs for smart mobiles, personal computers, servers, panel computers, electronic books, game machines, display cards, modules, digital cameras, third generation (3G) network cards, Blue Tooth and Wireless Fidelity (WiFi) modules, wireless communication products, light emitting display (LED) backlight modules and liquid crystal modules (LCMs), among others. The Company mainly distributes its products in America, China Mainland, Singapore, Taiwan and other 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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.