Title 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
  Vanguard International (5347 TT) Buy, TP: NT$73
  Tong Hsing (6271 TT) Buy, TP: NT$154
 
More Titles
Title:Mediatek (2454 TT) Buy, TP: NT$400
Download File:2454 TT Mediatek long report 180629--sinopac.pdf 
 
Summary:Buy, TP at NT$400 (20x 2019F P/E): 1) 1Q18 marked the operational trough; 2) Double-digit sales growth of growth stage products is sustainable in 2018; 3) Glorious earnings growth will return in 2020-2021; 4) Valuation: Buy on weakness to benefit from future growth acceleration. Our TP implies 35% from the JUN 28 close.
  
Date:2018/07/05
Author:TaiwanResearch.com
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