bearish
Pegavision Corp (6491 TT): Near-Term Concerns To Limit Upside Potential
434 Views05 Apr 2023 23:24
SUMMARY
- Pegavision Corp (6491 TT) has started 2023 on a weak note. During 1Q23, the company recorded revenue of NT$1,460M, representing YoY decline of ~2% and QoQ decline of ~18%.
- During January and February 2023, Pegavision’s Chairman, Guo Ming-Dong has sold 53K and 66K shares, respectively, thereby reducing his shareholding to ~1.57M from initial ~1.9M.
- Disappointing monthly revenue, coupled with regular insider selling should limit the near-term upside potential of Pegavision. Since end of February, Pegavision shares have corrected 10%.
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- Pegavision Corp (6491 TT): Near-Term Concerns To Limit Upside Potential05 Apr 2023
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