HTC’s value assessed for possible takeover

Want China Times
Date: 2015-06-19
By: Chang Chih-jung and Staff Reporter

The unexpected losses of Taiwanese smartphone brand HTC has prompted a number of reported takeover bids, including a possible bid by PC maker Asus, which enabled HTC’s share price to rebound to close at NT$83.6 (US$2.71), an increase by the daily ceiling, on June 15, compared with its price of NT$75.3 (US$2.45) on June 9.

The development has prompted many financial institutions to assess the value of HTC’s assets for a possible takeover, including UBS Securities analyst Hsieh Chung-wen, who set a reasonable price for HTC shares at NT$70 (US$2.27), taking into account NT$60 (US$1.95) of intrinsic value and NT$7.18 (US$0.23) for intangible assets and patents. The company’s value and industrial status will drop along with the postponement of a merger, said an insider.     [FULL  STORY]

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