PARADE TECHNOLOGIES (TW), a company active in the Semiconductors industry, reduced its market risk and raised its general evaluation. The independent financial analyst theScreener awarded an improved star rating to the company, which now shows 2 out of 4 possible stars; its market behaviour has improved and can be considered as defensive. theScreener believes that this new assessment merits an overall rating upgrade to Slightly Positive. As of the analysis date January 28, 2022, the closing pric...
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....
Add exposure to Technology, Communications We view weakness over the past week as correcting a significant amount of the excess optimism that was baked-in to global equities. As a result, we recommend taking advantage of the pullback by adding exposure to our favorite areas - namely Technology. Our overall outlook on global equities (both the MSCI ACWI and ACWI ex-US) remains positive and we continue to expect higher equity prices going forward. • Index overviews: MSCI ACWI ex-US, MSCI EM, ...
The MSCI ACWI and ACWI ex-US have managed to break above their respective 200-day moving averages, providing further evidence that global equities are going through a bottoming process. • Remain overweight China which is leading global equities higher. RS uptrends remain intact for the Shanghai Composite and MSCI China indexes. In today's report we highlight a number of actionable charts Chinese companies, focusing on less-exploited price patterns... see page 2. • EAFE small- vs large-cap...
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...
​Parade’s 2Q16 GM of 40.9% was in line but EPS of NT$4.6 beat the Street’s expectation of NT$3.5-4.5 on a one-off tax benefit. However, 3Q16 sales guidance (-8% to +0% QoQ) was weaker than expected (5-10% QoQ), which mgmt attributed to 1) SDC’s LCD/AMOLD panel fab conversion, resulting in significant NB LCD inventory reduction; and 2) weaker Standard-Plus NB/AIO (Mac) demand.
Stock trading: Parade’s share price has hovered around NT$300 and underperformed the TAIEX by 10% over the past two months, as investors are concerned about its sales momentum exiting 1H16, post Huawei’s 8% 2016 smartphone (SP) shipment forecast cut (from 125 mn to 115 mn in June). However, since Huawei’s SP business only accounts for ~10% of Parade’s sales, the 8% cut may translate to merely a 1% sales impact on Parade, suggesting concerns could be overdone, especially after FINI and IT...
​Parade reported 1Q16 GM/EPS of 41.1%/NT$4.7 both beating the Street’s expectation of 40-40.5%/NT$4.0-4.5, owing to a better product mix. However, 2Q16 sales guidance (-7% to +2% QoQ) was slightly lower than expected (0-5% QoQ) with the key area of weakness from Standard-Plus NB and AIO (weaker Mac demand). Recent share price weakness post weak Apple results should have been largely priced into the light 2Q16 guidance. We suggest investors accumulate on any pull-back ahead of a strong 2H16.
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