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...
​We believe recent share price underperformance is mainly due to weak top line growth YTD (-7% YoY) and a delay in the Mexico plant’s shipments. Despite weak growth momentum in 2016F, considering the new order gain and further expansion in Mexico we believe our key arguments of 1) capacity expansion in Mexico to support L-T uptrend with lower operating risks; and 2) sustainable GM expansion are intact. Therefore, we reiterate BUY and trim TP to NT$146 (13x 2017F EPS) to reflect the earnings ...
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.