Title Marketech (6196 TT) D/G Neutral
  Giant (9921 TT) Buy, TP: NT$360
  Shin Zu Shing (3376 TT) Buy, TP: NT$180
  TXC (3042 TT) Buy, TP: NT$100
  Kinsus (3189 TT) Buy, TP: NT$90
  Fusheng (6670 TT) Buy, TP: NT$230
  Advanced Ceramic X (3152 TT) Buy, TP: NT$510
  Airtac International (1590 TT) Buy, raise TP to NT$742
  Yageo (2327 TT) Buy, TP: NT$476
  Chlitina (4137 TT) Neutral
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Title:Marketech (6196 TT) D/G Neutral
Download File:6196 TT Marketech note 200918--sinopac.pdf 
Summary:SinoPac View: The overall market outlook has improved with global semiconductor capex rebounding at a faster-than-expected pace. Marketech will benefit from semiconductor clients¡¯ capex expansion and from China¡¯s determination to develop a world-class semiconductor supply chain. However, we think Marketech¡¯s valuation already reflects the improved outlook. Downgrade to Neutral; wait to enter below NT$90
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