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

Taiwan Dual-Listings: TSMC Premium Rallies as Japan & U.S. Entice Further Investment; CHT Discount

Taiwan Dual-Listings: ADR Premiums Surge to Near All-Time Highs on 'Nvidia-Rally'

PC Industry Monitor: Signs of Inventory Improvement at PC Industry's Leading Edge; Shares Diverged

ASUS Q1'23 Revenues NT$ 102,376 Million,- 13% QoQ & -20% YoY. PC Segment to Grow ~20% in Q2'23

PC Industry Monitor: Close Long Asus, Short Acer; Now Reverse the Trade and Long ACER Vs. Short Asus

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

Equity Bottom-Up

<ul>
<li>Since we released our piece suggesting closing our original Long Asustek vs. Short Acer, and reversing to Long ACER vs. Short Asustek, this new trade has earned a 6.9% spread.</li>
<li>Given the latest performance between the two shares and the latest results from Asustek, we believe one can now close out Long Acer/Short Asustek... and reverse the trade again.</li>
<li>Hence we now like Long Asustek vs. Short Acer based on relative share performance and latest guidance from Asustek.</li>
</ul>


Since we released our piece suggesting closing our original Long Asustek vs. Short Acer, and reversing to Long ACER vs. Short Asustek, this new trade has earned a 6.9% spread.
Given the latest performance between the two shares and the latest results from Asustek, we believe one can now close out Long Acer/Short Asustek... and reverse the trade again.
Hence we now like Long Asustek vs. Short Acer based on relative share performance and latest guidance from Asustek.


Long Acer Vs. Short Asustek: 6.9% Performance in One Week, Can REVERSE the Trade Again

Asustek Computer

Long Acer Vs. Short Asustek: 6.9% Performance in One Week, Can REVERSE the Trade Again