Company Update: 4 August 2021 – Infineon Technologies (IFNNY US)

Strong order backlog as supply remains a bottleneck

We maintain Outperform rating and a target price of US$55, based on 34x FY22F (FY ends in September) EPS.

We are positive on Infineon’s leadership in xEV (hybrid electric vehicles, plug-in hybrid electric vehicles, and fuel-cell electric vehicles), together with long-term growth in autonomous driving and in power discrete products for industrial, IoT, and personal electronic applications.

Read Infineon Technologies Company Update (4 August 2021)

Trading involves a high degree of risk and may not be suitable for everyone. You should ensure that you understand the risk(s) involved. Please visit www.kgieworld.sg for our Risk Disclosure Statement and for more information on our products and platforms.

This advertisement has not been reviewed by the Monetary Authority of Singapore.

Report(s) provided are for information only and is not an offer or a solicitation to deal in securities or to enter into any legal relations, nor an advice or a recommendation with respect to such securities. Report(s) prepared for general circulation. It does not have regard to the specific investment objectives, financial situation and the particular needs of any recipient hereof. You should independently evaluate particular investments and consult an independent financial adviser before dealing in any securities mentioned in this report. See full disclaimer.

M	T	W	T	F	S	S
1	2	3	4	5	6	7
8	9	10	11	12	13	14
15	16	17	18	19	20	21
22	23	24	25	26	27	28
29	30