Leroy Groffier(@LeroyGroffier):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.

2026.05.28 12:55

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.