External broker reports(aggregated public sources), Masterlink Securities Corp

Masterlink Securities

External broker reports(aggregated public sources)

Masterlink Securities Corp

MasterLink Securities provide brokerage, securities underwriting, and proprietary trading services in Taiwan. It offers brokerage services, including Taiwan stock exchange and OTC brokerage services, futures trading assistance, foreign securities trading, investment Banking services, and derivative products.

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Equity Bottom-Up

<p>Downgrade from BUY to HOLD. The industry has entered the plateau period. In addition, raw material price hikes and rising expenses are unfavorable to profit growth. Moreover, AirTac’s valuation is already expensive. Thus, we downgrade our rating from BUY to HOLD with a TP of NT$900.</p><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

Downgrade from BUY to HOLD. The industry has entered the plateau period. In addition, raw material price hikes and rising expenses are unfavorable to profit growth. Moreover, AirTac’s valuation is already expensive. Thus, we downgrade our rating from BUY to HOLD with a TP of NT$900.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

<p>In our view, AirTac’s FY21 profit would continue to hit a record high on the back of robust demands. Therefore, we reiterate BUY on the company with a TP of NT$1,300.</p><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

In our view, AirTac’s FY21 profit would continue to hit a record high on the back of robust demands. Therefore, we reiterate BUY on the company with a TP of NT$1,300.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

AirTac (1590 TT) Operations to Stay at the Peak

Taiwan

AirTac International Group manufactures pneumatic components.  The Company provides different kinds of pneumatic equipment such as pneumatic control components, actuators, F.R.L. combinations, accessories and etc. AirTac International also offers after-sales support on all its products, including installation, application and maintenance of products.

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Airtac International (1590 TT)

AirTac (1590 TT) Growth Slowdown

Downgrade from BUY to HOLD. The industry has entered the plateau period. In addition, raw material price hikes and rising expenses are unfavorable...

Masterlink Securities

AirTac (1590 TT) Operations to Stay at the Peak

In our view, AirTac’s FY21 profit would continue to hit a record high on the back of robust demands. Therefore, we reiterate BUY on the company...

Masterlink Securities

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