Merida (TPE:9914) is also a Taiwanese bicycle manufacturer with R&D headquarters in Germany. It was started in 1972 by Ike Tseng. It has a market cap of TWD 41 billion ($1.35 bn) and a PE of 27.9 and a DY of 2.9 per cent.. Guest Lance Williams, MD, i capital Group and resident expert Paul Theron from Vestact decide whether Merida hot or not.