Leroy Groffier
@LeroyGroffier
the action is the juice
Joined March 2017
772 Following 1.3K Followers
RESONAC $4004: MS raising TP post meeting w/ CEO Takahashi-san, who emphasized Resonac's unique visibility into the semi supply chain given high market share in many different types of back-end materials. Q1 results defied weak seasonality and co's conservative F12/26 guidance is now viewed as too low. MS pegs 26e EPS 32% higher than co guide and 10% above street, for +68% OP growth and +252% net profit growth YoY. CCLs already strong but Non-conductive film (NCF) for HBM4 and hard-drive media will start to contribute significantly in 2H.
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