Investor Presentation_ Taiwan – Industrials

M Foundation February 24, 2025 04:09 AM GMT Investor Presentation | Asia Pacific Taiwan – Industrials We are positive on the power equipment industry because US transformer demand remains strong, Industry View Attractive due to increasing backlog from global suppliers and Fortune in 2024, with order visibility to 2027. Taiwan's government also expects AI power demand to reach 2GW in 2028 up 8x vs 2023. Key stock calls: Fortune (1519.TW; OW) as a pure transformer play in the US market for nearly 30 years wit ...