J P M O R G A N Asia Pacific Equity Research 14 July 2026 BizLink Power fuels growth with CPO adding upside; assume coverage at OW We assume coverage of BizLink at OW and Jun-27 PT of NT$3,100. We forecast an EPS CAGR of 50% during FY25-28E, driven by higher power content value, growing optical/CPO exposure, and a robust capital equipment business on semi capex expansion. While the stock has corrected by 36% (-43% vs TAIEX) after the 1Q26 gross margin miss, we view the margin pressure as largely transitory ...