Title Wistron Neweb (6285 TT) U/G Buy
  Delta (2308 TT) Buy, TP: NT$175
  Fubon FHC (2881 TT) Neutral
  Macronix (2337 TT) Buy, TP: NT$38
  Bioteque (4107 TT) Buy, TP: NT$161.0
  Macauto (9951 TT) Buy, TP: NT$120
  Pou Chen (9904 TT) Buy, TP: NT$43
  China Development FHC (2883 TT) Buy, TP: NT$12.00
  Global PMX (4551 TT) Buy, TP: NT$170
  China Life (2823 TT) Buy, TP: NT$30
 
More Titles
Title:eMemory (3529 TT) Buy, TP: NT$450
Download File:3529 TT eMemory note 190827--sinopac.pdf 
 
Summary:Buy, TP of NT$450 (45x 2020F P/E): As eMemoryˇ¦s NeoFuse is the most competitive solution for advanced processes, we expect NeoFuse will gradually replace eFuse as foundry process evolves. This yearˇ¦s momentum will come from 28nm process, client gains, and new applications. The stock is trading at 34.7x 2020F P/E. Buy for the long-term positive outlook.
  
Date:2019/08/27
Author:TaiwanResearch.com
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