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DJ Inventec Corp. Earnings Likely to Be Supported by Stable Demand -- Market Talk

· 02/07/2021 22:44

0344 GMT - Inventec Corp.'s near-term earnings are likely to be supported by stable notebook and server demand, Citi Research says, as it maintains a buy call on the stock. Product diversification into the internet-of-things and medical space over the longer term could also help the notebook maker's profit margins. However, the U.S. bank cuts its forecast for Inventec's 2021 EPS by 10% and its target price to NT$25.70 from NT$29.00, citing less economies of scale as it gradually exits the AirPods assembly business. Shares slip 0.4% to NT$23.15.(justina.lee@wsj.com)

(END) Dow Jones Newswires

February 07, 2021 22:44 ET (03:44 GMT)

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