Stronger demand leading to more share price upside - 1590 TT; BUY
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Despite the strong share price rally, we see further upside from here, as our recent industry checks suggest signs of demand recovery in China, particularly in battery, automotive, and electronics.
AIRTAC INTERNATIONAL GROUP is a Taiwan-based company which is principally engaged in the manufacture and distribution of pneumatic control components and pneumatic actuators. The Company's actuators include standard cylinders, mini cylinders, compact cylinders and cylinder accessories. Its control components include flow control valves, solenoid valves, pneumatic control valves and manual, mechanically actuated valves, among others. In addition, the Company provides air source processing units, including bigeminy components, pressure regulating filters, automatic drainers, pressure meters, pressure regulating valves, oil feeders and others, as well as pneumatic auxiliary components, including oil buffers and poly urethane (PU) houses.
Yuanta is a Taiwan-headquartered brokerage with a growing presence in Asia, especially across Greater China. Our team of 140+ provides cutting-edge analysis on key sectors, spread across offices in Taiwan, Hong Kong, Shanghai (A-Share), Seoul and Jakarta. With an ever-expanding coverage universe of 400+ companies, we provide in depth analysis with unique local color to investors. Consistently being voted the Best Investment Consulting Firm in Taiwan in the AsiaMoney broker poll is evidence of our strength. We target providing an extensive range of research, from small, to mid-sized, to large cap. We bring you the big, well-covered names, as well as going off the beaten track to research the less-familiar companies.
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