In today’s briefing:
- MediaTek (2454.TT): 1Q22 Preview-A Little Bit Higher in Revenue Outlook
- Intel: Well-Positioned To Compete But Hardly A Short-Term Play
- Immersion: The Market Leader Of Haptic Technology Plunged By 33% In 6 Months
- Larsen & Toubro Infotech Ltd: Margin Expansion Stands Out
MediaTek (2454.TT): 1Q22 Preview-A Little Bit Higher in Revenue Outlook
- In our estimate, the 4Q21/1Q22 revenue/GM is about NT$127.6bn/47.5% and NT$136bn/47.5% respectively.
- We forecast MediaTek to ship 4G/5G for ~355mn/220nm chipsets in 2022 respectively.
- Besides Oppo, Vivo, Xiaomi and Honor, MediaTek is shipping for a few thousand sets of Dimensity 9000 to Samsung in 1H22.
Intel: Well-Positioned To Compete But Hardly A Short-Term Play
- From a market point of view, Intel’s risk-reward profile appears more compelling than many of its high-flying peers.
- From a business perspective, the company will likely continue to suffer in the short-term, however, strategic positioning is still strong.
- What has historically been Intel’s weak spot could prove to be its key competitive advantage over the coming years.
Immersion: The Market Leader Of Haptic Technology Plunged By 33% In 6 Months
- The haptic technology industry is expected to grow at a CAGR of 14.5% from 2021 to 2027 according to PR Newswire.
- IMMR issues with management, investor relations management, and litigations is limiting the value of the stock.
- Immersion is putting less money into R&D, making some investors worried onto whether it will have a sustained strong future as market leader in haptic technology.
Larsen & Toubro Infotech Ltd: Margin Expansion Stands Out
- Larsen & Toubro Infotech (LTI) offers application development, IMS, digital solution services to BFSI, retail, health, media & hi-tech verticals
- LTI has 71 Fortune-500 clients with a presence in North America & Europe
- We maintain BUY rating on the stock Target Price and Valuation: We value LTI at Rs 8050 i.e. 42x FY23E EPS
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