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• | AUO (2409 TT, HOLD): AUG 27, 2010 |  |
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• | Yungtay (1507 TT, BUY): AUG 27, 2010 | |
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• | Hon Hai (2317 TT, BUY): Initial: AUG 26, 2010 | |
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• | Harvatek (6168 TT, BUY): Initial: JUL 12, 2010 | |
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• | Richtek (6286 TT, BUY): Long Report: JUL 8, 2010 | |
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• | I-Chiun (2486 TT, BUY): Initial: JUN 29, 2010 | |
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• | Longwell (6290 TT, BUY): Long Report: JUN 21, 2010 | |
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• | Chicony (2385 TT, BUY): Initial: JUN 7, 2010 | |
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• | Winbond (2344 TT, BUY): Initial: May 27, 2010 | |
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• | Yeun Chyang (2034 TT, BUY): Initiate: MAY 12, 2010 | |
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| More Titles | Page 1 23456789 | |
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| Title: | Merry (2439 TT, BUY): Long Report: APR 14, 2010 |
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| Download File: | 2439 TT Merry long report 100414--sinopac.pdf  |
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| Summary: | Merry (2439 TT, Handset Components): BUY
Three catalysts for sustainable growth in 2010
Company profile: Established in 1975, Merry Electronics Co., Ltd., is principally engaged in the manufacture, development and sale of speakers, handsfree headsets, microphones for communication and other multimedia products.
1) Labor issue resolved, after disappointing 1Q10
2) Strong turnaround in 2Q10; Merry will outperform its peers in 2Q10
3) Three catalysts for sustainable growth in 2010
4) Maintain BUY rating with TP of NT$82 (12.5X 2010F)
Ryan Chen, (886 2)2316-5184, ryan.chen@sinopac.com |
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| Date: | 2010/04/14 |
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| Author: | Ryan Chen |
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Market Commentary