Wistron NeWeb Corp.

Wistron NeWeb and its subsidiaries are engaged in the research, development, production, and sale of wired communication equipment, wireless communication networking equipment, electronic components, regulated telecommunication radio frequency equipment, satellite communication systems, and mobile and portable communication equipment.
  • Ticker6285
  • ISINTW0006285000
  • ExchangeTaiwan Stock Exchange
  • SectorTechnology Hardware & Equipment
  • CountryChinese Taipei

Analysts

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Global indexes approaching major resistance Broad global indexes are bumping up against logical downtrend resistance. As a result, our outlook remains cautious and our baseline expectation for continued downward pressure on global equities remains intact. At the same time, we are seeing signs that the worst of the declines may be behind us as global cyclical Sectors show RS improvements while defensive Sectors display early signs of RS deterioration. • Regional/Country Overview. The U.S., Europe, and Japan all remain in downtrends from a price perspective, though major resistance levels are...

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Record-high sales to come in 4Q16F

​2017F sales growth YoY to surpass 2016F, with the share price to hit a five-year high thanks to the addition of new products and clients in the IoT segment and mass production of US telecoms’ two projects.

2016/17F sales growth stories remain intact

​2Q16 sales/earnings fell QoQ as expected, but we expect 2017F sales growth YoY to surpass 2016F thanks to the addition of new products and clients in the IoT segment and the expansion of US telecoms’ projects in 2017F.

Growth in 2016/17F despite headwinds

​Reiterate BUY and raise TP to NT$98: We expect 2017F sales/earnings to grow by double-digits YoY to new highs, thanks to the addition of new products and clients in the IoT segment and the expansion of US telecom projects. Wistron NeWeb’s shipments for V2V, anti-collision radar and smart grid applications have already begun, combined sales of which we estimate will account for 17%/19% of 2016/17F sales. Although sales/GM will likely miss in 2Q16F, we expect sales/earnings to regain strength in 3Q/4Q16F. Our TP of NT$98 is based on 15x the average of 2016/17F EPS of NT$6.5, with our target P/E...

Record-high sales to come in 4Q16F

​2017F sales growth YoY to surpass 2016F, with the share price to hit a five-year high thanks to the addition of new products and clients in the IoT segment and mass production of US telecoms’ two projects.

2016/17F sales growth stories remain intact

​2Q16 sales/earnings fell QoQ as expected, but we expect 2017F sales growth YoY to surpass 2016F thanks to the addition of new products and clients in the IoT segment and the expansion of US telecoms’ projects in 2017F.

Growth in 2016/17F despite headwinds

​Reiterate BUY and raise TP to NT$98: We expect 2017F sales/earnings to grow by double-digits YoY to new highs, thanks to the addition of new products and clients in the IoT segment and the expansion of US telecom projects. Wistron NeWeb’s shipments for V2V, anti-collision radar and smart grid applications have already begun, combined sales of which we estimate will account for 17%/19% of 2016/17F sales. Although sales/GM will likely miss in 2Q16F, we expect sales/earnings to regain strength in 3Q/4Q16F. Our TP of NT$98 is based on 15x the average of 2016/17F EPS of NT$6.5, with our target P/E...

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Global indexes approaching major resistance Broad global indexes are bumping up against logical downtrend resistance. As a result, our outlook remains cautious and our baseline expectation for continued downward pressure on global equities remains intact. At the same time, we are seeing signs that the worst of the declines may be behind us as global cyclical Sectors show RS improvements while defensive Sectors display early signs of RS deterioration. • Regional/Country Overview. The U.S., Europe, and Japan all remain in downtrends from a price perspective, though major resistance levels are...

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