11.06.2001
Books second ever highest monthly sales

• Giga-Byte reported it has set a second record monthly revenue high of NT$2.7bn in Oct. (3% YoY decline from all-time record Oct. '00 sales) with accumulated sales (from Jan. to Oct.) posting a 14% YoY increase. By major product segment, firm delivered around 1m units of MB for Oct., boasting 10% MoM growth, due to remarkable growth from P4 motherboard chipsets. Long term, we maintain our Outperform rating as firm holds potential growth in China through joint venture with Legend along with attractive P/E of 8x on our estimated EPS for next year.