Forensic Analyst

Jason Yap, CFA

Equity Bottom-Up

<a href="https://www.smartkarma.com/entities/tatung-co-ltd" target="_blank" data-smartkarma-citation="entities:3458:1" rel="noopener">Tatung Co Ltd (2371 TT)</a> is a multinational electronics conglomerate established in 1918 and headquartered in Taipei, Taiwan.  Its principal business is the design and manufacturing of digital consumer and industrial products, with its 3 largest business segments (&gt;90% revenue) comprising consumer products,  electromechanical energy systems, and property development. Its share price has risen by around 30% since its announcement of Q2 2021 earnings on 16 August 2021 which is primarily attributed to its first EBITDA level profit in 3 years and renewed confidence in its new board of directors, controlled by a certain shareholder faction, who were appointed in October 2020 after a messy board tussle.In this article, we carry out a deep-dive analysis into Tatung and determine whether the market has now fully discounted the latest developments. In addition, we discuss Tatung's future prospects, upcoming catalysts, and residual risks. Famous for its eponymous rice cookers, Tatung probably sits squarely in a state of Sheng Mi Wei Zhu Cheng Fan（生米煮成熟饭 ）or the raw rice has yet to come to a boil.

Tatung Co Ltd (2371 TT) is a multinational electronics conglomerate established in 1918 and headquartered in Taipei, Taiwan.  Its principal business is the design and manufacturing of digital consumer and industrial products, with its 3 largest business segments (&gt;90% revenue) comprising consumer products,  electromechanical energy systems, and property development. Its share price has risen by around 30% since its announcement of Q2 2021 earnings on 16 August 2021 which is primarily attributed to its first EBITDA level profit in 3 years and renewed confidence in its new board of directors, controlled by a certain shareholder faction, who were appointed in October 2020 after a messy board tussle.In this article, we carry out a deep-dive analysis into Tatung and determine whether the market has now fully discounted the latest developments. In addition, we discuss Tatung's future prospects, upcoming catalysts, and residual risks. Famous for its eponymous rice cookers, Tatung probably sits squarely in a state of Sheng Mi Wei Zhu Cheng Fan（生米煮成熟饭 ）or the raw rice has yet to come to a boil. 

Tatung (2371 TT) - Future Ahead After Messy Board Tussle