KGI Securities cuts target price on Acer shares

Focus Taiwan
Date: 2015/03/28
By: Lo Hsui-wen and Frances Huang

Taipei, March 28 (CNA) KGI Securities, one of the leading brokerages in Taiwan, has cut its 201503280016t0001target price for Acer Inc. even though the PC vendor turned a profit in 2014 after a three-year losing streak.

In a research report, KGI said that while Acer is expected to remain profitable in 2015, its growth momentum is expected to stay slow.

The brokerage said Acer’s earnings per share (EPS) for 2015 could rise slightly to NT$0.86 (US$0.03) from NT$0.66 seen a year earlier, but mostly because of an expected decline in losses resulting from the PC vendor’s non-core business investments.     [FULL  STORY]

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