Managing Director, Zero One, Zero One

Vincent Fernando, CFA

20 years of experience researching capital markets in Asia and the USA.

Managing Director, Zero One

Elan Microelectronics: Positioned to Win from PC Upgrade Cycle; Massively Underheld by Institutions

Elan Microelectronics: Specialized Upstream Play on Improving PC Industry Supply/Demand

Elan Microelectronics: Capacity for Share Buybacks in 2023E, Intel Event Could Provide Cycle Clarity

Battle Lines Drawn As BABA Builds Out First/Last-Mile Capacity; But Who Will Fund 75+ Bn CNY CapEx?

Zero One

Founded in 2015, Zero One produces independent investment research and provides corporate finance advisory services with a focus on both listed and private technology companies. Founder Vincent Fernando has over 20 years of experience in US and Asia capital markets.

Independent Investment Research

Equity Bottom-Up

<ul>
<li>Elan Guides For Strong Revenue Growth Ahead and High Margins to Continue</li>
<li>AI PCs Only Expected to Drive Significant Volume by 2025E; Major AI Opportunity for Touch Sensors</li>
<li>Elan Can Benefit From Rising Consensus Forecasts But is Pricey -- We Wouldn't Chase the Rally But Also Don't Want to Short It</li>
</ul>


Elan Guides For Strong Revenue Growth Ahead and High Margins to Continue
AI PCs Only Expected to Drive Significant Volume by 2025E; Major AI Opportunity for Touch Sensors
Elan Can Benefit From Rising Consensus Forecasts But is Pricey -- We Wouldn't Chase the Rally But Also Don't Want to Short It


Elan Microelectronics: 50% YoY Growth Feasible for 2024E; Now a Pricey Consensus Long