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

Himax Vs. Novatek Long/Short: Management Meeting; Himax Historically Cheap

Taiwan Tech Weekly: Intel 'AI PC' Chips On Track to Drive 2024E PC Supply Chain

Taiwan Dual Listings Monitor: TSMC & UMC Trading Ranges Working; Short ASE Spread at Latest Level

ChipMOS: Results Ahead & Key Clients for Display and Memory Signal a Turn Around Is Happening

Himax Technologies: Contrarian Play on a Automotive Display Semiconductor Leader

Taiwan Tech Weekly: TSMC Results Today; ASML Beats & Raises; AMD in Taiwan Sparking Rallies

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

Equity Bottom-Up

Himax Technologies Inc Adr / Equity Bottom-Up

<ul>
<li>Himax reported 2Q23 results -- Showing a previously-guided margin drop due to the one-off impact of the exit from long-term capacity commitments.</li>
<li>Positive developments -- Inventory levels improved further, China's automotive industry demand is rebounding from lows, and the company should maintain its already-dominant market share in automotive display drivers.</li>
<li>Long Himax -- Himax continues to represent structural exposure to dramatically increasing display content in vehicles. The stock's previous all-time high is double the current level.</li>
</ul>


Himax reported 2Q23 results -- Showing a previously-guided margin drop due to the one-off impact of the exit from long-term capacity commitments.
Positive developments -- Inventory levels improved further, China's automotive industry demand is rebounding from lows, and the company should maintain its already-dominant market share in automotive display drivers.
Long Himax -- Himax continues to represent structural exposure to dramatically increasing display content in vehicles. The stock's previous all-time high is double the current level.


Himax: Sees Rebound in China Automotive Display Demand, Expects Dominant Market Share to Continue