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 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 NT$3.4. However, share prices are likely to experience fluctuations in the near term as short-term sales may be influenced by downside risks in the panel market and delayed progress in the EV business. Therefore, we downgrade BenQ Materials’ rating to HOLD from BUY, with a target price of NT$40.</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 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 NT$3.4. However, share prices are likely to experience fluctuations in the near term as short-term sales may be influenced by downside risks in the panel market and delayed progress in the EV business. Therefore, we downgrade BenQ Materials’ rating to HOLD from BUY, with a target price of NT$40.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.

BenQ Materials (8215 TT) Delayed Launch Schedule by the Automotive Client

Benq Materials

BenQ Materials (8215 TT) Delayed Launch Schedule by the Automotive Client