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...
​Our raised TP of NT$151 (20x 2016F EPS) up from NT$140 (20x 2016F EPS), mainly reflects an upward earnings revision of 10%, factoring in stronger forged wheel shipments and GM recovery. However, we downgrade SAI to HOLD as we believe there is limited upside even considering the recent rise in aluminum prices. As we are more conservative on the sustainability of the rising aluminum price in 2H16 and given a 25% share price rally since our buy call two months ago, we suggest investors take prof...
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