台湾 PCB 与覆铜板_ABF_BT 板块_从日东纺和味之素的业绩中得到正面传导导-Taiwan PCB & Laminates_ ABF_BT sector_ +ve read-across from Nittobo’s and Ajinomoto’s results

ABF/BT sector: +ve read-across from Nittobo's and Ajinomoto's results CITI'S TAKE Nittobo and Ajinomoto both posted results on 11/6, aftermarket. Nittobo, a T-glass supplier, raised its guidance and highlighted the strong T-glass demand and continued supply shortage. Ajinomoto, an ABF (film) supplier, saw robust demand from ABF while other businesses (e.g., food-related) were the drags. Overall, their comments echoed our view in our latest ABF/BT sector report update: 1) new T-glass vendors added (Taiwan Gl ...