Focus Taiwan
Date: 2018/12/17
By: Jeffrey Wu and Frances Huang

Taipei, Dec. 17 (CNA) Foreign brokerages were mixed on the prospects for the stock of Taiwan-based PC brand Asustek Computer Inc. after the company said last week it could incur losses in the fourth quarter because of steep one-time costs.

In a research note, a European brokerage said it would take a wait-and-see attitude because Asustek’s new management announced on Dec. 13 still needs time to gain familiarity with the business before improve its operations.

In the management reshuffle announced Thursday, S.Y. Hsu (許先越) and Samson Hu (胡書賓) will become Austek’s co-CEOs beginning Jan. 1, 2019, and replace Jerry Shen (沈振來). They are expected to help the company venture into the AIoT (AI + IoT) business.

The brokerage praised Asustek’s decision to shift the client focus of its smartphone division from the general public to the niche market to appeal to gaming fans.
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