Shinko Electric is trading on just 5.3x FY22 EV/OPe, implying that the firm is set to have a hard landing on the earnings front. However, unless the semiconductor downturn continues longer and deeper than expected, analyst Pelham Smithers suggests that the ongoing shift towards high-performance chips with associated high-performance packaging should prove a strong safety net.
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
emain Overweight EM vs. EAFE The MSCI EM index (local currency) has continued to outperform relative to the MSCI EAFE index while the US dollar (DXY) forms a tight consolidation pattern. As a result we continue to favor EM over EAFE; and if EM is going to continue to outperform we would expect to see a breakdown below 98.50 support on the DXY. Like many global indexes, the MSCI EM index remains below resistance from a price perspective. Short-term levels we are watching include resistance at...
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...
​With the IC substrate, HDI and PCB industries all facing hardships, it is hard to see how Unimicron can perform well when its share gains are not clear. While there has been ongoing M&A speculation on the stock given its low P/B, we are not sure where the synergy exists. : Despite a 1Q16 earnings miss, GM was slightly better than expected. As such, we apply a higher GM forecast and edge up our EPS forecasts. Given negligible impact on book value and ROE, our TP remains unchanged at NT$14.5 wh...
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