Advantech Co Ltd
2395: XTAI (TWN)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
TWD 534.00 | Byshqn | Vclpljw |
Advantech Earnings: Disappointing Bookings but We Like Steps To Enhance Energy and EV Offerings
We trim our fair value estimate on narrow-moat Advantech to TWD 361 per share from TWD 378.22 (adjusting 1-for-10 scrip dividend) after the firm posted disappointing second-quarter bookings and third-quarter outlook, citing sluggish demand in several areas. Advantech’s upside is limited as long-term potential on retail, energy, industrial, and healthcare sectors are priced in and factory investments remain sluggish in China.