Analyst Research Report Snapshot

Title:

Asustek (2357 TT):Challenges Ahead, Profit-Taking Begins

Price:

$46.00

Provider:

MasterLink Securities Corporation

Date:

12 May 2014

Pages:

5

Type:

AcrobatPDF

Companies referenced:

2357.TW

Available for Immediate Download
Summary:

We forecast Asustek FY14 sales of NT$464.7bn, +10% YoY, and EPS of NT$28.17. As mentioned above, we see limited visibility on Asustek’s business momentum in 2015. We believe the current share price 12x PER is fairly valued, and thus suggest investors taking profit. We downgrade Asustek to HOLD from BUY with target price of NT$338.

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