Vital Link
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- Daiwa keeps Sell on Vital Link despite AI-driven growth
Daiwa Securities retained its Sell rating on Vital Link while raising its target price to NT$1,210, citing stronger-than-expected quarterly performance and a better outlook. The company reported Q3 2026 net profit of NT$621 million and forecast Q4 revenue of NT$1.8 billion, as CSP AI-datacenter construction supported demand for silicon-photonics materials. Daiwa also noted four-year supply agreements and planned capacity expansion, but warned that elevated valuation and limited margin expansion leave room for corrections.
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