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

Taiwan Tech Weekly: Apple Accelerating to India; ARM IPO; Huawei Mediatek Market Risk; Intel AI PCs

Taiwan Dual Listings Monitor: TSMC Spread In Clear Downtrend; UMC & ASE Corporate Days Could Support

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

Hon Hai: Hits New 52-Week Highs; Sanity Checking Management Guidance Shows Still More Upside

Taiwan Tech Weekly: PC Market Bottoming, AMAT, Quanta Outperforms Peers, Samsung Tesla Meeting

Hon Hai Sees Computing Products Rebound, PC Market Bottomed; EV Expanding

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

Equity Bottom-Up

Hon Hai Precision Industry / Equity Bottom-Up

<ul>
<li>Hon Hai's 2Q23 results beat earnings street expectations by nearly 30%, thanks to AI server demand and gross margin rising.</li>
<li>Tightening China tech restrictions highlight Hon Hai's advantageous position for EV development.</li>
<li>Structural Long. Any weakness over worries about Apple/consumer products demand is an opportunity to accumulate. Investors shouldn't let cyclical expectations fluctuations blur their focus on Hon Hai's structural story.</li>
</ul>


Hon Hai's 2Q23 results beat earnings street expectations by nearly 30%, thanks to AI server demand and gross margin rising.
Tightening China tech restrictions highlight Hon Hai's advantageous position for EV development.
Structural Long. Any weakness over worries about Apple/consumer products demand is an opportunity to accumulate. Investors shouldn't let cyclical expectations fluctuations blur their focus on Hon Hai's structural story.


Hon Hai AI Server Business Expected to Take Market Share 2H23E, Structural Long