Title Delta (2308 TT) Buy, TP raised to NT$329
  Sercomm (5388 TT) Buy, TP of NT$95 (16x 2021F P/E)
  Universal Vision Biotechnology (3218 TT) U/G Buy, TP: NT$330
  Nanya Tech (2408 TT) Buy, TP raised to NT$116
  Largan (3008 TT) Neutral
  BenQ Materials (8215 TT) U/G Buy, TP: NT$33
  Kinsus (3189 TT) Buy, TP: NT$109
  Airtac International (1590 TT) Buy, TP: NT$1,080
  TaiDoc (4736 TT) Buy, TP: NT$222
  Sinbon (3023 TT) Buy, TP: NT$238
 
More Titles
Title:Jourdeness (4190 TT) Buy, TP: NT$130
Download File:4190 TT Jourdeness note 201210--sinopac.pdf 
 
Summary: Maintain Buy, TP of NT$130 (14x 2021F diluted EPS): 1) We forecast record high NOV sales to elevate 4Q20 sales to NT$920mn (+27.4% QoQ, +1.2% YoY), 2) We forecast 2021 sales at NT$3.7bn (+31.4% YoY) on membership sharing; earnings will double to NT$629mn (+103% YoY) in 2021F on favorable product mix, improved GM, and effective expense control.
  
Date:2020/12/10
Author:TaiwanResearch.com
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