SCS [OUTPERFORM +12.0%] - Earnings rebound with strong throughput, offset by lower ASP - Update
  • 22 May 2024
  • Company Research
- We reiterate our OUTPERFORM rating for SCS despite raising our target price (TP) by 17% as the share price has increased by 20% during the last three months. - Our higher TP is due to (1) rolling our TP horizon forward to mid-2025, (2) respective 9%/7%