PLX [OUTPERFORM +10.1%] - Expecting H2 recovery despite second wave of COVID-19 - Update
  • 07 Aug 2020
  • Company Research
We maintain our OUTPERFORM rating while trimming our target price by 5.9%, which is mainly due to cutting 2020F/2021F earnings by 33%/6% as a result of lower-than-expected Q2 net profit and concerns of a second wave of COVID-19 that could slow recovery mo