Monday, April 29, 8:12 AM
Nam Tai Electronics (NTE) plummets 30% premarket after beating earnings estimates, but serving up an ugly outlook - threatening to shutter LCM production unless margins pick up. On a different note, the company attempts to monetize its potentially very valuable real estate assets with plans to redevelop a 530K square foot parcel of land encompassing its Shenzhen plant.
Comment![Tech, On the Move]
Monday, April 29, 6:37 AMNam Tai Electronics (NTE): Q1 EPS of $0.11 beats by $0.06. Revenue of $177.4M (+102% Y/Y) beats by $27.4M. (PR)
Comment![Earnings, Breaking News]
Friday, March 8, 12:21 PM
More on Apple: Raymond James reports many iPhone suppliers have "recently indicated an expectation of earlier seasonality," and takes it as evidence of a pending refresh. A big drop in shipments is expected for the June quarter, followed by Sep. quarter growth. The big question for Apple is whether an iPhone 5S that keeps a 4" display (as has been reported) will lead to a major sales pickup in the face of growing demand for larger displays, and the upcoming launch of Samsung's Galaxy S IV. However, an early 5S release would suggest an accelerated launch for an iPhone 6 rumored to have a bigger display.
Friday, March 8, 12:03 PMEvidence is growing an iPhone 5S (AAPL +0.4%) will arrive around mid-year. Mizuho says checks indicate an iPhone refresh in June or July, and that March quarter iPhone shipments will fall to the 35M-40M range (in-line with consensus). Wedge Partners: "We understand Foxconn is currently prepping production lines for ... iPhone 5S production, which we believe is scheduled to begin in the April timeframe." The firm thinks the 5S will be unveiled at the WWDC conference (typically in June), with sales likely starting in July. MacOtakara recently reported Foxconn has begun 5S production.
Wednesday, March 6, 9:13 AMFoxconn has begun production of an iPhone 5S (AAPL) that looks much like the iPhone 5, claims Japanese blog MacOtakara, which has a mixed track record (I, II) with iScoops. MacOtakara also reports NTT DoCoMo (DCM) has slashed Android phone orders for the fall, which is fueling speculation an iPhone deal is on the way. Jefferies' Peter Misek argued last month preparation for March iPhone 5S production could be responsible for new iPhone order cuts. Possible/likely suppliers: CRUS, OVTI, SWKS, TQNT, AVGO, QCOM, BRCM, NTE, MFLX, LPL. (yesterday)
Tuesday, February 12, 7:54 AM
Unfollowed no more, Nam Tai Electronics (NTE) was initiated a Buy with $20 price target at Topeka yesterday. "We believe the ramp that Nam Tai began in 2012 still has momentum." The sell-side is just starting to pay attention, but SA Pro's Valuable Insights has been on the case for awhile (I, II, III).
Monday, January 28, 8:06 AM
More on Nam Tai (NTE) Q4 earnings: At $468.5M, revenues slightly exceeded the bullish expectations of SA Pro author Valuable Insights. Earnings of $0.80 beat the writer's hope of $0.63 as gross margins of 10.5% exceeded his/her model of 9% Conference call at 8:30 ET. Shares +15.7% premarket. (PR)
Comment![Tech, Earnings, On the Move]
Saturday, January 26, 9:45 AM
Drubbed on Thursday, Nam Tai Electronics (NTE) soared 10.3% Friday as SA Pro author Valuable Insights noted the barely-followed (but not for long, it recently hired an IR firm) Apple supplier is crazy cheap even if one has a bearish view on Apple. Keep an eye out for earnings before the bell on Monday.
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