ab 17 August 2026 Global Research First Read Willfar Information Technology 1H26 results below expectation on domestic delivery delays and higher expenses ONE LINER Willfar's recurring net profit declined 34% YoY in 1H26, below our expectation, mainly due to domestic delivery delays and higher expenses. No interim dividend was declared. KEY NUMBERS 1) Willfar's 1H26 revenue and recurring net profit were Rmb1,067mn/Rmb197mn, down 22%/34% YoY, below our expectation. 1H26 profit represents only 22% of our FY26 ...

Global Research ab 17 August 2026 Initiation of Coverage Chenbro Micom The backbone of AI server/rack; initiate at Buy Beneficiary of expanding server chassis and rack TAM We initiate coverage of Chenbro Micom (Chenbro) with a Buy rating and a NT$1,450 price target. Chenbro, a major global chassis supplier with design and manufacturing expertise in mechanical components and strong customer relationships, should benefit from AI deployment, which is likely to drive higher chassis content and an expanded TAM t ...

Global Research First Read INNOLUX Corporation Softer H2 outlook, semi contribution still limited ab 18 August 2026 Q2 earnings supported by one-off gain Q226 EPS of NT$0.57 was ahead of expectations on tax reversal gains. Q226 revenue reached NT$63.7bn, down 4% QoQ as pull-in momentum moderated. By segment, non-display declined 13% QoQ for 40% of sales, while commodity display grew low- singledigits QoQ and non-commodity display declined low-single digits QoQ. Despite lower revenue, GM improved 0.2ppts QoQ ...

ab 19 August 2026 Global Research ISU Petasys Visibility on MultiLAM demand + HDI capacity plans should help reassure investor concerns Solid 2H26 earnings set up on ramping MultiLAM mix as well as ASP hikes ISU reported 2Q26 consol OP of Won77bn, in-line with UBSe of Won78bn but slightly above Cons. of Won75bn, we believe primarily on mix (growing MultiLAM but also AI DC/Network revs up 11%/5% QoQ) which saw Petasys KR OPM come in at 17.8% (vs 16.6% in 1Q26). With c.23% of Petasys 2Q new orders centered on ...