Title Largan (3008 TT) Neutral
  BenQ Materials (8215 TT) U/G Buy, TP: NT$33
  Kinsus (3189 TT) Buy, TP: NT$109
  Airtac International (1590 TT) Buy, TP: NT$1,080
  TaiDoc (4736 TT) Buy, TP: NT$222
  Sinbon (3023 TT) Buy, TP: NT$238
  Vanguard (5347 TT) Buy, TP raised to NT$130
  Microelectronics Technology (2314 TT): Neutral
  Marketech (6196 TT) U/G Buy, TP: NT$140
  Kaori Heat Treatment (8996 TT) Buy, TP: NT$65
 
More Titles
Title:TCI (8436 TT) D/G Neutral
Download File:8436 TT TCI note 201113--sinopac.pdf 
 
Summary:Downgrade to Neutral: We worry the disappointing order revival in China portends sequentially weak quarterly sales in 4Q20-1H21. With this backdrop, the current valuation of 13X 2021F P/E looks unattractive.
  
Date:2020/11/13
Author:TaiwanResearch.com
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