CAL (2610 TT) Sales Recovery after Borders Reopen
Assign STRONG BUY given dual engines for sales growth in 2022 on the back of stable cargo business and recovery of the passenger business. CAL will...
171 Views
Arcadyan (3596 TT) Sales to Break the Ceiling on New Capacity
Upgrade to BUY. We forecast FY21 and FY22 EPS at NT$8.36 and NT$10.01, respectively. Considering that Arcadyan’s 3Q21 results were impressive, and...
180 Views
Catcher (2474 TT) Impressive GM & High Dividend Yield
Upgrade to BUY, with a TP of NT$200. Although Catcher had sold its iPhone related business, it has been affected by material supply shortages in...
195 Views
BenQ Materials (8215 TT) Delayed Launch Schedule by the Automotive Client
Downgrade to HOLD from BUY with a TP of NT$40. We believe that BenQ Materials’ business transformation plan is clear, with FY22 EPS estimated at...
152 Views
ChipMOS (8150 TT) Undemanding Valuation
We expect ChipMOS’ sales and profits to decline in 4Q21, with FY21 and FY22 EPS revised down to NT$6.62 and NT$6.75, respectively. However, given...
171 Views