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REAL-TIME GLOBAL RESEARCH

Taiwan PCB & Laminates: CCL sector: quality beat; likely another price hike in 3Q26; Buy

Published: 2026-07-30Institution: CitiCompany / ticker: 6274.TWO,2383.TWPages: 20Original language: EnglishEvidence page: 15

Research evidence excerpt

Taiwan PCB & Laminates: CCL sector: quality beat; likely another price hike in 3Q26; Buy

signed “Under Review” status to both situations and prior to 11 Nov 2020 only in

exceptional circumstances. As soon as practically possible, the analyst will publish a note re-establishing a rating and

investment thesis. Investment ratings are determined by the ranges described above at the time of initiation of coverage, a

change in investment and/or risk rating, or a change in target price (subject to limited management discretion). At times, the

expected total returns may fall outside of these ranges because of market price movements and/or other short-term volatility

or trading patterns. Such interim deviations will be permitted but will become subject to review by Research Management.

Your decision to buy or sell a security should be based upon your personal investment objectives and should be made only

after evaluating the stock's expected performance and risk.

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Catalyst Watch and STV Upside/Downside calls: Citi Research may also include a Catalyst Watch or STV Upside or Downside

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reaction to one or more specific near-term catalysts or events impacting the company or the market. A Catalyst Watch will be

published when Analyst confidence is high that an impact to share price will occur; it will be a STV when confidence level is

moderate. A Catalyst Watch or STV Upside/Downside call will automatically expire at the end of the specified 30/90 day

period. The Catalyst Watch will also be automatically removed if share price performance (calculated at market close) exceeds

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