External broker reports(aggregated public sources), Masterlink Securities Corp

Masterlink Securities

External broker reports(aggregated public sources)

Equity Bottom-Up

<p>The pull-in orders of the supply chain will be affected by chip shortages in the short term. That said, we reiterate BUY on Hu Lane with a TP of NT$150 considering that (1) Hu Lane will benefit from transferred orders as Chinese clients are replacing international suppliers to implement localization amid the pandemic; (2) The firm would begin shipments for new orders from Taiwan, Europe, Indonesia, and Vietnam; and (3) Hu Lane will establish a JV with Lear, a global manufacturer, which is conducive to future market expansion. We forecast FY21 and FY22 EPS at NT$7.65 and NT$9.75, respectively. In the future, the penetration of Hu Lane’s automotive electronic products will rise along with a higher proportion of NEV, which will bolster the company’s operational momentum.</p><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

The pull-in orders of the supply chain will be affected by chip shortages in the short term. That said, we reiterate BUY on Hu Lane with a TP of NT$150 considering that (1) Hu Lane will benefit from transferred orders as Chinese clients are replacing international suppliers to implement localization amid the pandemic; (2) The firm would begin shipments for new orders from Taiwan, Europe, Indonesia, and Vietnam; and (3) Hu Lane will establish a JV with Lear, a global manufacturer, which is conducive to future market expansion. We forecast FY21 and FY22 EPS at NT$7.65 and NT$9.75, respectively. In the future, the penetration of Hu Lane’s automotive electronic products will rise along with a higher proportion of NEV, which will bolster the company’s operational momentum.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Hu Lane Associate Inc. (6279 TT) JV with Global Manufacturer to Expand Market

Taiwan

Hu Lane Associate Inc. manufactures and markets electrical terminals for automobiles, motorcycles, electronics, computers, and others.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Hu Lane Associate (6279 TT)

Hu Lane Associate Inc. (6279 TT) JV with Global Manufacturer to Expand Market

The pull-in orders of the supply chain will be affected by chip shortages in the short term. That said, we reiterate BUY on Hu Lane with a TP of...

Masterlink Securities

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)