Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
​Raise TP to NT$58: We reiterate BUY and keep our EPS forecast largely unchanged but raise our TP to NT$58 from NT$53 as we now adopt a higher target P/E of a 2017F P/E of 11x (vs. 10x previously) given rising profit contribution from audio business, which is a “high P/E business.†Fundamentally, we remain positive on its 2017F outlook, driven by robust audio momentum and the ramp up of dual-cam. Despite recent share price outperformance, we still view its current valuation as attractive a...
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