BBSP Equity Asia Weekly Research - 23 May 2018
THE MAIN IDEA(Relative Value Approach in USD Terms)Long Term Allocation (Strategic view) Relative Value vs MXAP in USD terms• NIKKEI/MXAP: Long...
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SKT Underperforms in 1Q on Regulatory Pressure. But the Competitive Environment Is Easing.
SK Telecom (017670 KS) reported a slightly weak set of 1Q18 results (vs its peers), as tariff discounts hurt the top-line. As with its peers,...
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Global Semiconductor Sales Up 20% YoY in Q1 2018
Yesterday, April 30'th, the Semiconductor Industry Association (SIA) announced that worldwide sales of semiconductors reached $111.1 billion during...
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‘Peak Smartphone’ Thesis Goes Mainstream, as EM Disappoints Bulls…
TSMC’s weak guidance last week and Q2 shipment downgrades for Apple reflect the ‘peak smartphone’ underweight stance on the Asian supply chain...
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Toshiba: Tilting Towards IPO, Farallon Pops Up, but Will NAND Supply Demand Have the Last Laugh?
News yesterday morning that Toshiba was considering stepping away from selling its memory business to Bain if Chinese antitrust approval is not...
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