SYNEX: 3Q19 Earnings Reached All-Time Low as Huawei Dilemma Remain
Analyst meeting yesterday came out with negative tone as 4Q19 revenue was expected to drop YoY due to high base and a fall in Huawei products...
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SYNEX: US-Huawei Ban Still Pressure 2H19 Earnings
We came out from analyst meeting on 30th August with neutral tone as concern over US ban against Huawei still remain. However, we are optimistic...
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SYNEX: Concern over Huawei Dilemma Was Overreacted
We cut our target price by 27% to Bt13.20 derived from 12.9xPE’1H20E, which is Thai IT sector in Thailand to factor in more conservative PE target...
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SYNEX: New Smartphone Launches Help Drive Earnings Momentum in 2019
SYNEX’s 4Q18 net profit was at Bt190m (+16%YoY, +18QoQ), in-line with our expectation Record-high level of sales at Bt10.38bn is the major...
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SYNEX: Global Standard IT Provider Eyes Digital Change Goldmine
We initiate coverage on SYNEX with a BUY rating, based on a target price of Bt15.00 and derived from 1.1xPEG’1H19E, which is the average of the...
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