Title Landmark (3081 TT) Buy, TP: NT$385
  Sinbon (3023 TT) U/G Buy, TP: NT$202
  Parade Technologies (4966 TT): Raise TP to NT$1,473; Maintain Buy
  ESG Note: TXC (3042 TT) Buy: TP: NT$100
  ESG Equity Note: Mediatek (2454 TT) Buy, raise TP to NT$950
  Chenbro Micom (8210 TT) Neutral
  Makalot (1477 TT) U/G Buy, TP: NT$200
  ESG Equity Note: Mediatek (2454 TT) Raise TP to NT$920; Maintain Buy
  Macauto (9951 TT) Buy, TP: NT$90
  ESG Note: Powertech (6239 TT): Downgrade to Neutral
 
More Titles
Title:Nanya Tech (2408 TT) Buy, TP: NT$77
Download File:2408 TT Nanya Tech ESG note 200702--sinopac.pdf 
 
Summary:Maintain Buy with TP of NT$77 (1.5x 2020F P/B): 1) NTC¡¯s bit shipment performance in 2Q20 exceeded our expectation; 2) Demand for servers and laptop products extends into 3Q20, energized by remote working and learning; 3) Valuation: NTC is trading at 1.2x 2020F P/B vs. historical range of 1.0-2.2x.
  
Date:2020/07/02
Author:TaiwanResearch.com
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