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:Yeong Guan Energy Tech (1589 TT) Buy, TP: NT$64
Download File:1589 TT YGG note190910 --sinopac.pdf 
Summary:Buy with TP of NT$64 (0.84x 2020 P/B): 1) Fueled by reinvigorated wind energy orders, YGG¡¯s unit shipment of wind energy products will continue to escalate in 2019F/2020F with momentum from China and global offshore wind energy markets; 2) Despite softer demand for plastic injection molding machines and industrial machinery, negative sentiment in the sector has found bottom, and Japan¡¯s machinery sector still places orders; 3) We anticipate GM/OPM upside from effective cost/expense controls. We rate the stock a Buy considering YGG¡¯s turn to profit in 2Q19 and its long-term competitiveness in the offshore wind energy market.
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.