bearish
Taiwan Construction: A Pair Trade Between CTCI and Ruentex Development
489 Views10 Oct 2023 23:44
SUMMARY
- In this insight, we discuss a pair trade between CTCI (long) and Ruentex Development (short).
- We believe CTCI Corp is more attractive than Ruentex Development mainly due to different types of business mix and valuations.
- CTCI's construction of refinery plants, waste water treatment, and power plants could thrive in higher oil price environment. Ruentex's construction of residential and commercial buildings could experience lower demand.
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