08.17.2001
Realtek’s 1H01 earnings rise 38%YoY

• Development: Realtek reported 1H01 earnings of NT$970m with EPS of NT$2.77, up 38% YoY and representing 63% of 2001 target, almost 100% in line with our forecasts.

• Analysis: Better-than-expected 1H01 earnings attributed to higher gross margins. We expect August revenue to continue trending upwards as demand is increasing for consumer electronics and PC components.

• Primasia View: We maintain our ratings and forecast on Realtek, and suggest accumulation of this stock on recent weakness.