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

Capital Securities

Capital Securities provides clients with investment services covering diversified financial products. We have outstanding business performance amid intense competition in the domestic securities market. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only.  Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

Capital Securities Corp

Capital Securities provides clients with investment services covering diversified financial products. We have outstanding business performance amid intense competition in the domestic securities market. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<p>Long-term changes in market structure; recommend TRADING BUY. China Steel may maintain steady earnings in the next few years due to the following: (a) rising demand for steel under US infrastructure bills; (b) China’s carbon neutral policy and limited steel production/exports may improve global steel supply/demand structure and enable steel prices to rebound from the pit in the past decade. Thus, we recommend TRADING BUY on China Steel with TP of NTD37 (1.8x FY22 PBR).</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>

Long-term changes in market structure; recommend TRADING BUY. China Steel may maintain steady earnings in the next few years due to the following: (a) rising demand for steel under US infrastructure bills; (b) China’s carbon neutral policy and limited steel production/exports may improve global steel supply/demand structure and enable steel prices to rebound from the pit in the past decade. Thus, we recommend TRADING BUY on China Steel with TP of NTD37 (1.8x FY22 PBR).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.

China Steel (2002 TT, TRADING BUY, NTD33.70)