Solid growth prospects intact In spite of the escalating China-U.S. trade disputes, we see limited impacts on O-Net given its insignificant exposure to the U.S. market. O-Net’s investment in and partnership with InLC Technology would substantially bolster its product portfolio and help better capture the immense opportunities brought about by 5G investments. We trimmed our FY18E/19E revenue estimates by 7.2%/6.9% and earnings by 14.7%/18.8% respectively and lowered our DCF-based PT to HKD6....
Don’t miss a technology “dark horse” With more 10 years of operating history and several acquisitions of upstream R&D/chip/fab companies, O-Net has increasingly become a front-runner amid the rising number of optics-related applications. We expect O-Net to sustain strong double-digit growth over the coming five years, driven by 100GB telecoms, Datacom and automation over the next two years, LiDAR starting from 2019. After nudging up our FY17E-19E revenue and earnings estimates by 2.3%-6.7% ...
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...
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