Home Market Commentary Company Analysis Equity Notes Industry Updates
 
   
Title •Tong Hsing (6271 TT) Buy, TP raised to NT$258
  •Macronix (2337 TT) Neutral
  •Win Semiconductor (3105 TT) Neutral
  •Landmark (3081 TT) Buy, TP: NT$352
  •Powertech Technology Inc. (6239 TT) Buy, raise TP to NT$115
  •Parade Technologies (4966 TT) Buy, raise TP to NT$1,573
  •Novatek (3034 TT, IC Design) Buy, Raise TP to NT$516
  • Vanguard (5347 TT) Buy, TP: NT$132
  •Realtek (2379 TT) Buy, raise TP to NT$535
  •Airtac International (1590 TT) Buy, Raise TP to NT$1,382
  
More TitlesPage 12345678910>>
Title:Tong Hsing (6271 TT) Buy, TP raised to NT$258
Download File:6271 TT Tong Hsing note 210223--sinopac.pdf 
 
Summary:Raise TP by 17% to NT$258 (19x 2021F EPS); Maintain Buy: We raise our 2021 EPS estimate by 16% from NT$11.70 to NT$13.62 and our TP by 17% given the better-than-expected RW ASP in 4Q20, resumed ceramic component business growth from a 4-year decline, and persistent CIS product portfolio enhancement thanks to spec upgrades. Our TP implies an 11% upside vs. the FEB 22 close.
  
Date:2021/02/23
Author:TaiwanResearch.com
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.