Apple Inc. (AAPL) Supplier Leading the Asian Market Parade

Founded in 2005 Parade Technologies Ltd (PTCYY) is a producer of mixed signals integrated circuits used in computers, smartphones and other display devices.

The company was listed in 2005 on Taipei Stock Exchange. However, its headquarters are located in Silicon Valley, California, USA and its design center in Shanghai, China.

Get The Timeless Reading eBook in PDF

Get the entire 10-part series on Timeless Reading in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues.

Parade is listed on Taipei #Stock Exchange with headquarters located in #SiliconValley

Business Description

Parade business can be divided into four units.

Its display ports (DP) are timing controller (TCON) products providing high-quality graphics, image, and color control in LCD panels for smartphones, PCs, and notebooks. They support both TFT and LCD AMOLED. Its newest solutions support most advanced 4K displays installed in Apple Inc. (NASDAQ:AAPL) MacBook Pro laptops to which Parade is the leading DP supplier.

High-speed interface (I/F) products are USB Type-C connectivity solutions for achieving the highest speed of transferring files, HDMI/DVI solutions offering format conversion on the PC docking station, motherboard or within DVD players as well as set-top boxes.

Its newest solutions support most advanced 4K displays installed in #Apple #MacBook Pro

Touch controllers offer integrated system products in form of display ports and display panel source drivers controlling single touch and multi-touch on touchscreens with the size range of 1.5” to 10.1”.

Source drivers are scalable intra panel interface (SIPI) solutions for Chip on Glass (COG) application providing bandwidth for the high-speed link. SIPI was developed to address growing demand for high-performance displays.

Leadership

Jack Zhao, co-founder of Parade, is also the current Chairman and CEO and has served in these positions since 2011. He has multiple experiences in managerial positions and in the semiconductor industry. He obtained his Bachelor’s Degree and Master’s Degree from Shanghai Jiaotong University, China and received his Ph.D. from the University of California, US.

Jack Zhao, co-founder of Parade, is also the current Chairman and #CEO

World Class Benchmarking

Profitable Growth has consistently ranked #1 since 2014. Parade ranked among the top 118 of 1,180 medium-sized Information Technology companies worldwide.

Profitability has maintained its World Class rank for the whole time period. Growth has been weaker but improved to #4 in the past 12 months.

Profitable Growth at #Parade has consistently ranked #WorldClass since 2014

Asset utilization has been stable and above average since 2016. Profit margin has ranked in the top 20% for the whole time period and is the driver of Parade’s excellent Profitability.

Sales growth and Margin change has fluctuated over the years and were ranked at #4 and #3 in the past 12 months respectively.


What’re your thoughts on Parade?

If you like our research, share it with your friends.


DISCLAIMER: This content is for information purposes only. It is not intended to be investment advice. Readers should not consider statements made by the author(s) as formal recommendations and should consult their financial advisor before making any investment decisions. While the information provided is believed to be accurate, it may include errors or inaccuracies. The author(s) cannot be held liable for any actions taken as a result of reading this article.




About the Author

Dr. Andrew Stotz, CFA
Dr. Andrew Stotz, CFA is the CEO of A. Stotz Investment Research, a company providing institutional investors with ready-to- invest portfolios in Asia that aim to beat the benchmark through superior stock selection. The company also provides buy- and sell-side clients with financial models to value any company in the world and World Class Benchmarking to determine what companies are financially world class. Previously, as Head of Research at CLSA, Andrew was voted No. 1 Analyst in Thailand in the Asiamoney Brokers Polls for 2008 and 2009. He was also voted No. 1 Analyst in Thailand in the 2009 Institutional Investor magazine All-Asia Research Team Report. Andrew earned his PhD in finance at the University of Science and Technology of China in Anhui province, with a focus on answering questions raised by fund managers and analysts during his career about picking stocks and managing portfolios. In addition, Andrew has been a lecturer in finance for 22 years at various universities in Thailand. Since 2013, he has been the president of the CFA Society of Thailand. He is also the author of How to Start Building Your Wealth Investing in the Stock Market.