Title Ginko (8406 TT) Buy, TP: NT$185
  Jourdeness (4190 TT) Buy, TP: NT$130
  Wiwynn (6669 TT) Buy, raise TP to NT$900
  Merida (9914 TT) Buy, TP: NT$350
  Advanced Ceramic X (3152 TT) Buy, TP: NT$510
  Asustek (2357 TT) Buy, TP: NT$275
  Yeong Guan Energy (1589 TT) Buy, TP: NT$108
  ChipMOS Technologies (8150 TT) Buy, TP: NT$37
  Accton (2345 TT) Buy, TP: NT$267
  Zhen Ding Technology (4958 TT) Buy, TP: NT$143
More Titles
Title:Ginko (8406 TT) Buy, TP: NT$185
Download File:8406 TT Ginko note 201124--sinopac.pdf 
Summary:Maintain Buy, TP of NT$185 (15x 2021F P/E): 1) Sales beat in 3Q20 and are poised to grow further in 4Q20F on seasonality; 2) For China market, online contact lens sales continue to grow in 2020, and physical store sales are gaining traction thanks to the effective fight against COVID-19. We project above-par 11.6% YoY sales growth in 2021F as the company rides on overall growth of contact lens consumption, surging demand for colored and silicone hydrogel lens, as well as its popular brands and comprehensive distribution channel. Our TP implies a 21% upside from the NOV 23 close.
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.