Sino-American Silicon Products Inc
5483: ROCO (TWN)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
TWD 249.00 | Jlmxdj | Wflzgfyv |
SASP Earnings: Solar Segment Outlook Highly Uncertain; Resilient Semiconductor Performance
We maintain our fair value estimate for Sino-American Silicon Products at TWD 281 per share after aligning our forecasts with its subsidiary GlobalWafers. SASP is our top pick in the semiconductor silicon wafer sector as it trades at a more than 25% discount to GlobalWafers. Compared with other peers, it is likely to enjoy a monopoly in the US once its new plant in Texas is completed in 2025.