Reported 7 months ago
KGI Securities has initiated a fundamental research on the water resource industry in the Taiwan stock market, the first among large internal and external research institutions, citing strong industrial water demand, increasing extreme weather events posing challenges to water resource management, and accelerated government investment in water facilities as positive factors. They have issued a 'Buy' rating for the benchmark stock Guo Tong (8936), estimating a reasonable price target of NT$114, potentially seeing a triple-digit figure. By looking at the water resource industry from a medium to long-term fundamental perspective, KGI Securities aims to attract long-term funds into the sector, analyzing the profit-explosive era the industry is entering, and providing a more comprehensive perspective for the market to consider.
Source: YAHOO