Title ELAN Microelectronics (2458 TT) Neutral
  Feng Tay (9910 TT) Neutral: Solid operations; lofty P/E
  Chicony (2385 TT) Buy, TP: NT$84.7
  Chlitina (4137 TT) Buy, TP: NT$311
  Largan (3008 TT) U/G Buy, TP: NT$5,200
  Sinbon (3023 TT) U/G Buy, TP: NT$138
  China Life (2823 TT) Buy, TP: NT$30
  SDI (2351 TT) Neutral
  Wistron NeWeb (6285 TT) U/G Buy, TP: NT$85
  Aspeed (5274 TT) Neutral
 
More Titles
Title:ELAN Microelectronics (2458 TT) Neutral
Download File:2458 TT Elan note 190717--sinopac.pdf 
 
Summary:Maintain Neutral: Considering our downward estimate revisions for 2019, the challenging long-term growth outlook, and the current 2019F P/E of 13.5x, we think upside is limited and thus maintain our Neutral rating.
  
Date:2019/07/17
Author:TaiwanResearch.com
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