Accessible version Asustek Upgrade to Buy: neocloud AI delivery; raised server guidance; lift PO to NT$1,320 Rating Change: BUY | PO: 1,320 TWD | Price: 996.00 TWD Upgrade to Buy: solid AI delivery; lift PO to NT$1,320 We upgrade Asustek (Asus) to Buy from Neutral, given its strong delivery in the server business, leading to better margins/earnings. We lift our 2026-28E EPS by 52-54% to reflect the 2Q26 beat and solid sales/earnings, led by the server business. We lift PO to NT$1,320 (17x 2027E EPS) from NT ...