Airtac International Group
1590: XTAI (TWN)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
TWD 621.00 | Wrhgtr | Grfhzhqvyt |
We Reduce AirTAC's Sales Forecast Amid Headwind From Battery and Solar Industries
Business Strategy and Outlook
AirTAC is the second-largest pneumatic components maker in China, with 27% market share in 2023. We think the firm’s leadership position is underpinned by its reputable brand, established track record, comprehensive sales and service network, and strong operating efficiency.