JPMorgan maintains an "Outperform" rating on Winbond Electronics, projecting next year's EPS to reach six times book value with a target price of 360 yuan. The firm anticipates strong demand for DDR4 from enterprise solid-state drives (eSSD) will drive a 50% increase in third-quarter quotations.
Winbond's projected price hikes for DRAM and NOR flash signal tightening memory supply and strong demand from enterprise SSDs.