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>The worst has passed, and we are confident that ECLAT will maintain its leading position. Thus, we reiterate BUY on ECLAT, with a TP of NT$750. The worst has passed, as primary clients’ strategy of procurement at one stop remains unchanged and the experience of expense control amid the pandemic prevalence will become the cornerstone of future operational growth. Considering that the new plant in Indonesia will make contribution to sales in 2022, we hold a rosy outlook for ECLAT’s mid-/long-term business. ECLAT has been trading at 15x-29x PER, and given that the firm’s sales would recover from trough, we reiterate BUY on ECLAT, with the TP revised to NT$750 (29x 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>

The worst has passed, and we are confident that ECLAT will maintain its leading position. Thus, we reiterate BUY on ECLAT, with a TP of NT$750. The worst has passed, as primary clients’ strategy of procurement at one stop remains unchanged and the experience of expense control amid the pandemic prevalence will become the cornerstone of future operational growth. Considering that the new plant in Indonesia will make contribution to sales in 2022, we hold a rosy outlook for ECLAT’s mid-/long-term business. ECLAT has been trading at 15x-29x PER, and given that the firm’s sales would recover from trough, we reiterate BUY on ECLAT, with the TP revised to NT$750 (29x 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.

ECLAT Textile (1476 TT) The Worst May Have Passed

Eclat Textile Company

ECLAT Textile (1476 TT) The Worst May Have Passed