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

Brillian Network & Automation / Equity Bottom-Up

<p>Given that Brillian is a beneficiary of technology scaling and that the foundry client is aggressively expanding fabs, we expect FY22 sales and profit from the AMC free handling system to double. We forecast the company’s FY21 and FY22 EPS at NT$6.98 and NT$15.02, respectively, and assign BUY on Brillian, with a TP of NT$300 (20x FY22 PER).</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>

Given that Brillian is a beneficiary of technology scaling and that the foundry client is aggressively expanding fabs, we expect FY22 sales and profit from the AMC free handling system to double. We forecast the company’s FY21 and FY22 EPS at NT$6.98 and NT$15.02, respectively, and assign BUY on Brillian, with a TP of NT$300 (20x FY22 PER).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.

Brillian Network & Automation (6788 TT) AMC Sales to Double on Client’s Capacity Expansion