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Haitong International releases research report on Bio-Tech, explores new business, and plans to enter the semiconductor equipment manufacturing industry
Release time:
2021-11-09 10:27
Haitong International released a research report on March 19, giving Baiao Chemical (603360.SH, latest price: 13.6 yuan) an outperform rating. The reasons for the rating mainly include: 1) The company is mainly engaged in the research and development, production and sales of isothiazolinone industrial fungicide raw materials; 2) The fungicide market share is leading, and the year-on-year decline in product prices in 2023 affected its performance; 3) It has cooperated with Suzhou Xinhuilian Semiconductor. Risk warning: market competition risks, product price fluctuations, and cooperation progress is not as expected.
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