4958 f 臻鼎 - 鴻海集團小金雞

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本文大綱 一、關注原因 二、公司的業務與產業概覽 三、關鍵問題 四、分析問題 五、價值評估

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  • iPhone 6s / 6s Plus

    2016/1Q 3 F-

    iphone F-

    2016.01.24 63.8 6

    2.1

    F- PCB

    iPhone iPad

    iPhone iPad F-GIS F-

    2.2

    2014 PCB 100%

    2014 54.5% > 8.7% > 3.9% > 32.8%

    FPC ( 70%) R-PCB HDI

    IC

  • 50%~60%

    ( 10 ~ 9 ) iphone 9

    10~12 Q4

    F- Q4

    F-

    2.3

    Prismark 2015/03 2015~2019 PCB 3.7%

  • 2008~2018 PCB

    (F- 2014 )

    F- PCB 2014 NOK

    2014 PCB

  • F-

    Q iphone

    Note

    F-

  • Q iphone

    4.1 Apple

    APP

    4.2

    Apple iOS iTunes

    Android Android

    Android

  • iphone 6s/6s Plus

    F-

    F- iphone

    4.3

    iphone

    S

    2 ()1 (S )

  • 4.4

    ()

    2

    iphone 6 iphone 7

    S iphone 6s iphone 7s

    iphone s

    iphone iphone 4 s

    ( iphone

    iphone)

    iphone 6s iphone 6 iphone 6

    iphone 6s

    iphone

    iOS iphone

    iphone 6 iphone 7

    iphone 6 iphone 7

    iphone 6 2016 iphone 6s

  • 4.5 iphone

    Statista 2016 (2015/10 ~2016/09 )

    iphone 2.18 5%~6%

    30%

    iPhone 6s 3D Touch force touch

    iphone 6s / 6s Plus 2 20

    23~25 iphone 15%~20%

    2016 iphone 6 iphone 6s 2016

    iphone

    30%

    iphone 6 2015 (2014/10 ~ 2015/09) 2.31

    iphone 7 iphone 7 3D Touch

  • 15%~20% iphone 7 2016.09

    iphone

    Note3D (Force Touch)

    3D Touch

    3D Touch iPhone 6s Peek Pop Peek

    Pop

    2016 iphone 6s

    2016/09 iphone 7

  • iphone 6 2.31 iphone 7

    iphone 7 3D touch 15%~20%

    iphone 6s

    iphone F- 2016

    2015

    6x 6

  • 5.1

    F-

    Note 2016 40

    iphone 7

    5.2 F-

    F-

    2010~2014

  • 100

    2015~2019

    2015~2019

    33 3 4

    2015 2019 10 300 NDT, 500

    2019

    F- 1,000

    2005~2009

    /

    2010~2014

    2015~2019

    (500)

  • F-

    5.3

    2015/3Q F- 91 EPS

    100 110

  • 2

    2014/06 ~ 2019/06

    3 ()

    100.42 (2015/3Q)

    91 NDT

    2015/3Q

    5.4

    2016 F- 2015

    2016 2015 862

  • 2015 2015~2016

    2014 8.43% 9%

    2016 iphone7

    9%

    5.5 EPS

    2016 F- 2015

    860

    8.5% EPS 9

  • 110~120

    90~100

    65~75

    6x ~~~

    2016 9 iphone 7

    iphone 7

    @@

    ~~~~~~