标题：Sunway AlertGood 2015 profit alert echoes our positive view
发布日期：2016-01-21 15:15:36
内容： Our TP of RMB35 is based on 35x 2016E P/E, or 0.4x PEG (vs. regional peers’ 12x P/E, or 0.8x PEG). We apply a premium valuation because of its superior EPS CAGR and solid industry position. 35x P/E is also higher than its 3-year trading average of 30x P/E, which can be justified by accelerated EPS growth and ROE expansion. Risks: market share loss, ASP erosion and weak iPhone demand.
发布日期：2016-01-21 15:15:36
内容： Our TP of RMB35 is based on 35x 2016E P/E, or 0.4x PEG (vs. regional peers’ 12x P/E, or 0.8x PEG). We apply a premium valuation because of its superior EPS CAGR and solid industry position. 35x P/E is also higher than its 3-year trading average of 30x P/E, which can be justified by accelerated EPS growth and ROE expansion. Risks: market share loss, ASP erosion and weak iPhone demand.
