Quam Securities Research

Quam Securities

Equity Bottom-Up

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<h2>Tiangong International</h2>
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<h3>King of Cutting Tools</h3>
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<p>Initiation of Coverage</p>
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<p>Tiangong International Company Limited (Tiangong) has developed a strong foothold in the die steel (DS) and high speed steel (HSS) market globally. It has been the largest HSS producer in the world for 14th consecutive years and a key supplier to renowned customers worldwide. The strong customer stickiness also helps Tiangong to stay on top of the trade disputes and the recent COVID-19 outbreak. Leveraging on its…</p>
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China

Tiangong International Company Limited manufactures and sales high speed steel cutting tools and die steel.