 |
>
Taiwan Market Weekly
Taiwan
Quarterly Investment Strategy |
|
|
Taiwan Macroeconomics and Liquidity
Perspective |
|
| |
|
|
| |
| Title |
• | U-Ming (2606 TT, initial long report): May 23, 2008 | |
| |
• | Eva Airways (2618 TT): Equity Note: MAR 19, 2008 | |
| |
• | I-Chiun (2486 TT): Equity Note: SEP 04, 2007 | |
| |
• | Solar Applied Materials (1785 TT): Equity Note: AUG 30, 2007 | |
| |
• | Gloria Material Technology (5009 TT): Equity Note: AUG 23, 2007 | |
| | | |
| More Titles | Page 1 | |
|
|
|
| | |
|
|
|
| Title: | U-Ming (2606 TT, initial long report): May 23, 2008 |
|
|
| Download File: | 2606 TT U-ming initial 080522--sinopac.pdf  |
|
|
|
|
|
| Summary: | U-Ming Marine Transport (2606 TT, TP: NT$100.5, Initial): In-line
"Bulked-up Share Price; Wait for Better Entry"
Company profile: U-Ming Marine Transport Corp. (U-Ming), a leading Taiwan bulk shipper, was established in 1984 to provide marine transportation of iron ore, coal, cement and grain through its 31 vessels (Capesize: 12, Panamax: 10, Handymax: 2, cement carrier: 6 vs. crude carrier: 1) with an average age of 11 years.
1) Industry outlook:
2) Profit surged in 2007 on BDI boom:
3) Increasing charter contract base to lock in profitability:
4) 2Q08 remains positive:
5) A cash dividend play:
6) Our forecasts:
7) Initiate at In-line to TP of NT$100.5:
Connie Chen, (886 2) 2382-8169, connie.chen@sinopac.com
|
|
| | |
|
| Date: | 2008/05/23 |
|
| Author: | Belle Ching Chang |
|
|
|
|
|
|
| |
|
|
Taiwan Market
Weekly Archive
|
| |
|
Breaking News
