Goldman Sachs maintains a "buy" rating on Taconic (2383) and Taiya (6274), anticipating a new profit growth cycle due to product portfolio optimization and strong pricing power. The firm significantly raised Taconic's target price from 6000 yuan, expecting high-end copper clad laminate (CCL) supply shortages to persist for years.
High-end copper clad laminate (CCL) supply remains critically tight for AI servers and high-speed switches, driving pricing power for key suppliers.