Analyst: William TNG, CFA
PDS 2018 Report by CGS CIMB Analyst
Summary:
- Powermatic’s core business is manufacturing a wide range of wireless connectivity hardware such as wireless modules, embedded boards and antenna.
- As the company is able to offer hardware and software design capabilities, it also enjoys higher gross margins than its peers without design capabilities.
- At the current share price, we believe that investors are getting Powermatic’s growing wireless connectivity business for free.
- We initiate with an Add call as we expect the company to continue benefiting from the growing connectivity of devices and the advent of 5G telecommunications network.
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