风险回报更新

研报英文原文证据摘录

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M

Update

August 18, 2026 04:20 PM GMT

Eclat Textile | Asia Pacific

Morgan Stanley Taiwan Limited+

Terence Cheng

Equity Analyst

Risk Reward Update

What’s Changed

Updated Components

EPS

Investment Thesis

Risk Reward Themes

Bull Base Bear Scenarios

Risk Reward for Eclat Textile (1476.TW) has been updated

Reason for change

We reflect 2Q26 financial performance and rollover valuation to 2H16-1H27e

earnings, keeping our target P/E unchanged given our belief in Eclat's firm growth

trajectory.

Eclat Textile (1476.TW, 1476 TT)

Taiwan Consumer and Industrials | Taiwan

Stock Rating

Industry View

Price target

Shr price, close (Aug 18, 2026)

52-Week Range

Overweight

In-Line

NT$470.00

NT$310.50

NT$470.00-307.50

Fiscal Year Ending

12/25 12/26e 12/27e 12/28e

EPS (NT$)**

Prior EPS (NT$)**

20.10

25.35

26.85

28.40

29.40

31.30

32.20

Unless otherwise noted, all metrics are based on Morgan Stanley ModelWare

framework

** = Based on consensus methodology

e = Morgan Stanley Research estimates

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investors should be aware that the firm may have a conflict of

interest that could affect the objectivity of Morgan Stanley

Research. Investors should consider Morgan Stanley

Research as only a single factor in making their investment

decision.