Airtac International Group
1590: XTAI (TWN)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
TWD 123.00 | Vnjqnb | Lxbnbfxbq |
AirTAC’s 2022 Results in Line With Expectations; Shares Not Attractive
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.