5 February 2026 | 11:42PM CST Equity Research TAIWAN CCL Better pricing outlook and the stronger-than-expected AI projects orders; Buy on EMC/TUC, with ~15% TP upward revision On Feb 5th, EMC reported January revenue of NT$10,863mn (+25% MoM, +55% YoY) and TUC reported January revenue of NT$3,533mn (+9% MoM, +75% YoY). The reported figures already represent 41%/39% of BBG consensus 1Q26 revenue, suggesting a much stronger-than-expected 1Q26 for both names. We believe the key driver of January's solid revenu ...