Flexium Interconnect:Hold,Good 2Q17GM;maintain Hold on full valuation

2Q GM beat our above consensus estimate and we think theshare price could react positively in the near term。

    We advise investors to hold Flexium ahead of iPhone launch,but not to chase on peak valuation。

    Retain Hold but raise TP from TWD122 to TWD131 based onunchanged 12x 2018e PE。