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: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.
Register online at Become Member to receive Taiwan research services. For more information, contact TaiwanResearch.com. Tel (8862) 2316-5181
©2001, 2000, 1999 SinoPac All rights reserved. Additional copyright information applies.