Airtac International Group

1590: XTAI (TWN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	TWD 673.00	Qxzrpt	Ddvhlppkhy

AirTAC’s Q3 2022 Results Below Expectation; Shares Not Attractive

Chokwai Lee

Oct 27, 2022

Business Strategy and Outlook

AirTAC is the second-largest pneumatic components maker in China, with more than 20% market share in 2021. We think the firm’s leadership position is underpinned by its reputable brand, record, comprehensive sales network, and strong operating efficiency.

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