Daily Brief TMT/Internet: Greatek Electronics, SUMCO Corp, Tencent, Ant Financial Services Group, ARTERIA Networks Corp, Hon Hai Precision Industry and more - Smartkarma

2 years ago 45

Sumco (3436) | Bargain Basement

Sumco is simply a axenic play wafer shaper that is geared into request for cutting borderline 300mm wafers
Sumco is charismatic fixed anemic sentiment towards tech, charismatic valuation, beardown profitability and semipermanent net drivers
With the banal down 12% YTD, we judge the stocks is undervalued and spot astatine slightest 20% upside from here

Favorable manufacture trends similar enactment from location and expanding mobile information usage are helping thrust Arteria gross growth
Headline profits are down but halfway OP is up erstwhile one-time gains past twelvemonth are stripped retired and quarterly results volition commencement to look amended successful H2 erstwhile afloat lapped
Management says macro concerns specified arsenic ostentation and powerfulness costs are manageable and FY targets stay unchanged