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POWERTECH TECHNOLOGY sees a downgrade to Slightly Negative on account ...
The independent financial analyst theScreener just lowered the general evaluation of POWERTECH TECHNOLOGY (TW), active in the Semiconductors industry. As regards its fundamental valuation, the title now shows 3 out of 4 stars while market behaviour can be considered risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Slightly Negative. As of the analysis date March 12, 2021, the closing price was TWD 100.50 and i...
Ford Equity International Rating and Forecast Report
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...
Choppy share movement, but we see opportunities
​Stock trading: Similar to many small/mid-cap stocks in recent days, its share price has been rather volatile, and investors’ reaction to any news flow has been quite fierce. There has been some negative market talk related to PTI, such as Micron building in-house back-end capacity, Walton (8110 TT; NR) gaining more allocation from PTI, and the PTI/Tsinghua deal falling apart, etc., but we see these as non-events, and we suggest investors add positions on any share pullback. The ramp up of i...
Now a consensus buy on its attractive growth potential
​Starting in 2016F, PTI is positioned to reap benefits from its earlier business transition pains. Aside from its DRAM backend market share gains, its FC business is growing fast. We estimate 2016/17F EPS to grow by 20%/14% YoY, while its valuation remains attractive.
One of the bright spots in tech
​Our EPS forecasts are largely unchanged and we maintain our BUY TP at NT$82. 1Q16 EPS of NT$1.2 (+22% YoY) is in line. We estimate PTI’s 2Q16F sales will grow 12% QoQ while mgmt is positive on 2H16F on share gains. Powertech (PTI) is positioned to reap benefits from earlier business transition pains starting in 2016F. Aside from DRAM backend share gains, its FC business is growing fast. We estimate 2016F sales/EPS to grow 11%/22% YoY, while its valuation remains attractive.
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