Analyst Research Report Snapshot

Title:

Fubon FHC (2881 TT): Another Good Year Ahead

Price:

$69.00

Provider:

MasterLink Securities Corporation

Date:

15 Nov 2013

Pages:

7

Type:

AcrobatPDF

Companies referenced:

2881.TW

Available for Immediate Download
Summary:

Recently, Fubon’s stock price has been curbed by the following reasons. (1) The one-off provision had a negative impact on Fubon FHC’s profit. (2) Fubon’s exhibited lackluster performance as acquisition of First Sino Bank is behind schedule. Nonetheless, we are rosy about Fubon’s 2014 profit growth due to: (1) no provisions and additional cost regarding Sport Lottery would be incurred and (2) profit growth story from First Sino Bank. We thus maintain BUY rating on Fubon with a target price of NT$51, based on SOTP valuation.

Why buy analyst research?

  • Institutional quality research
  • Available for Immediate Download
  • Detailed company or industry insight
  • Print or save
  • 24 hour customer support
Return to previous page without adding this item to your cart.
Email Customer Support.

About Analyst Research

Analyst research reports are available for immediate download after purchase. You will have unlimited access to the report for 24 hours after purchase, to download, print or save it as many times as you wish. Analyst Research provided by Reuters does not constitute investment advice, and is not endorsed by Reuters Research. This information is protected by copyright and intellectual property laws. More information on Analyst Research.