Title Adimmune (4142 TT) Buy, TP: NT$92
  Marketech (6196 TT) D/G Neutral
  Giant (9921 TT) Buy, TP: NT$360
  Shin Zu Shing (3376 TT) Buy, TP: NT$180
  TXC (3042 TT) Buy, TP: NT$100
  Kinsus (3189 TT) Buy, TP: NT$90
  Fusheng (6670 TT) Buy, TP: NT$230
  Advanced Ceramic X (3152 TT) Buy, TP: NT$510
  Airtac International (1590 TT) Buy, raise TP to NT$742
  Yageo (2327 TT) Buy, TP: NT$476
 
More Titles
Title:Parade Technologies (4966 TT): Raise TP to NT$1,473; Maintain Buy
Download File:4966 TT Parade note 200804--sinopac.pdf 
 
Summary:Raise TP from NT$1,250 to NT$1,473 (25x 2021F P/E from present business of NT$35.50 + 35x 2021F P/E from server business of NT$16.74); Maintain Buy: 1) eDP business will benefit from increased transmission speeds necessitated by higher panel resolutions, and from increased order allocation from Chinese panel makers; 2) High-speed transmission requirement augurs well for future momentum from PCIe 4.0 retimers; 3) Merger with Fresco Logic (Fresco) will expand Parade¡¦s USB technology/product scope in the long run. We see a positive outlook for Parade given the persistent high-frequency and high-speed transmission trends.
  
Date:2020/08/04
Author:TaiwanResearch.com
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