HANA: Robust EV Demand Will Offset Global Smartphone Decline
Analyst meeting came out with negative tone. We maintain BUY rating at Bt57.50, based on 21.3xPE’22 (+1SD of 10-yr trading average). Our TP and 22E...
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HANA: 2022 Net Profit to Grow Despite Additional Costs
Analyst meeting came out with negative tone. The company’s Korean SiC segment will continue to incur costs throughout 2022.However, the 45% tumble...
257 Views
HANA: Strong Outlook for 2022 and Beyond, but Priced-In
Yesterday analysts meeting came out with a positive tone. Large capacity expansions in PCBA Thailand (+25% capacity) and IC China (+100% capacity)...
197 Views
HANA: Robust Sales and Margin
We maintained HOLD rating with new 2022E target price at Bt71.00, (up 35% from Bt52.50), derived from 18.5xPE’22E, which is +2SD of its 3-year...
152 Views
HANA: Benefit from Strong Demand Could Be Limited by Chip Shortage
We maintained HOLD rating with new 2022E target price at Bt52.50, (up 13% from Bt46.50), derived from 18.5xPE’22E, which is +1SD of its 3-year...
119 Views