Title Grape King (1707 TT) Buy, TP: NT$234
  Chilisin (2456 TT) Buy, TP: NT$120
  M31 Technology (6643 TT) -- Underwriting
  Bioteque (4107 TT) Buy, TP: NT$142
  Mediatek (2454 TT) Buy, TP: NT$400
  Mediatek (2454 TT) Buy, TP: NT$400
  Oriental Union Chemical Corp (1710 TT) Buy, Raise TP to NT$40
  Sunny Friend (8341 TT) Buy, TP: NT$270
  China Steel Chemical (1723 TT) Buy, TP: NT$190
  Sunny Friend (8341 TT) Buy, TP: NT$270
 
More Titles
Title:Tong Hsing (6271 TT) Buy, TP: NT$154
Download File:6271 TT Tong Hsing note 180528--sinopac.pdf 
 
Summary:Buy with TP of NT$154 (22x 2018F P/E): Look beyond the disappointing 1Q18 earnings, dragged down by higher op. expenses. For 3D sensing-related demand, contribution from CMOS image sensor (CIS), ceramic substrate, and hybrid modules for 3D sensing will gradually emerge starting from MAY to boost GM and provide a long-term boost. We thus expect net profit to soar by 19% YoY this year and by 16% YoY in 2019, bringing EPS to NT$7.03 this year and NT$8.16 in 2019, vs. NT$5.91 in 2017.
  
Date:2018/05/28
Author:TaiwanResearch.com
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