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

Capital Securities

External broker reports(aggregated public sources)

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<p>Reiterate BUY with TP of NTD680 on positive revenue/earnings momentum and new business consolidation. Revenue/earnings may be robust in 3Q21 peak season and beat low-season expectations in 4Q21. We maintain BUY with TP of NTD680 (12x FY22 EPS estimate) in view of the following: a) improved product mix following the acquisition of KEMET; more capacity related to high-end products may be added and catalyze the company’s revenue in the near future; b) further optimized product mix and rising synergy following the acquisition of Chilisin.</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>

Reiterate BUY with TP of NTD680 on positive revenue/earnings momentum and new business consolidation. Revenue/earnings may be robust in 3Q21 peak season and beat low-season expectations in 4Q21. We maintain BUY with TP of NTD680 (12x FY22 EPS estimate) in view of the following: a) improved product mix following the acquisition of KEMET; more capacity related to high-end products may be added and catalyze the company’s revenue in the near future; b) further optimized product mix and rising synergy following the acquisition of Chilisin.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.

<p>As TAIEX undergoes corrections, Yageo’s share price has met stop-loss requirements; downgrade to NEUTRAL. Although TAIEX has experienced corrections, Yageo’s revenue/earnings appear steady. However, its share price has declined and met our stop-loss requirements. We downgrade Yageo to NEUTRAL.</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>

As TAIEX undergoes corrections, Yageo’s share price has met stop-loss requirements; downgrade to NEUTRAL. Although TAIEX has experienced corrections, Yageo’s revenue/earnings appear steady. However, its share price has declined and met our stop-loss requirements. We downgrade Yageo to NEUTRAL.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.

Taiwan

Yageo Corporation manufactures resistors and related equipment.  The Company also produces thick-film resistors which are used in downstream electronics products, and high power thin-film resistors and chip resistors which are used in aerospace, automobile, and precision electronics industries.  Through its subsidiaries, Yageo also operates a consumer goods importing business.

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Yageo Corporation (2327 TT)

Yageo (2327 TT, BUY, NTD439.00)

Reiterate BUY with TP of NTD680 on positive revenue/earnings momentum and new business consolidation. Revenue/earnings may be robust in 3Q21 peak...

Capital Securities

Yageo (2327 TT, NEUTRAL, NTD417.00)

As TAIEX undergoes corrections, Yageo’s share price has met stop-loss requirements; downgrade to NEUTRAL. Although TAIEX has experienced...

Capital Securities

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