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

Masterlink Securities

MasterLink Securities provide brokerage, securities underwriting, and proprietary trading services in Taiwan. It offers brokerage services, including Taiwan stock exchange and OTC brokerage services, futures trading assistance, foreign securities trading, investment Banking services, and derivative products.

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External broker reports(aggregated public sources)

Equity Bottom-Up

<p>FY21 and FY22 EPS are estimated at NT$7.98 and NT$8.27, respectively. Considering that Chicony’s sales have reached its trough amid high yield story, we reiterate BUY on the company with a TP of NT$91 (11x FY22 EPS).</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>

FY21 and FY22 EPS are estimated at NT$7.98 and NT$8.27, respectively. Considering that Chicony’s sales have reached its trough amid high yield story, we reiterate BUY on the company with a TP of NT$91 (11x FY22 EPS).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.

Chicony Electronics (2385 TT) Sales Bottomed Out High Yield Story