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

Masterlink Securities

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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External broker reports(aggregated public sources)

Masterlink Securities Corp

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.

Airtac International

AirTac (1590 TT) Growth Slowdown