PDF 原檔：報告_MS_旺矽6223_20260820_original.pdf
圖片清單（已驗證 2026-08-21）
分類為「真資料圖」者才可嵌入 lib/ 頁，圖說須照抄下表「親眼所見內容」。標「未驗證」者一律不得嵌入；若日後需要，須先逐張 Read 現場補驗。
| 檔名 | size | 分類 | 親眼所見內容 |
|---|---|---|---|
報告_MS_旺矽6223_20260820_001.png |
65KB | 裝飾·logo·banner | 「Asia Summer School 2026」廣告 banner（泳池照片），與內容無關 |
報告_MS_旺矽6223_20260820_002.png |
61KB | 真資料圖 | Consensus Price Target Distribution（NT$2,250–NT$12,000，MS PT 位於偏高處）＋ Risk Reward 圖：現價 NT$5,255，2027/8 目標 bull NT$11,000(+109.32%)、base NT$8,000(+52.24%)、bear NT$5,000(-4.85%) |
報告_MS_旺矽6223_20260820_003.png |
30KB | 未驗證 | <40KB 未逐張 Read，不得嵌入 lib |
報告_MS_旺矽6223_20260820_004.png |
23KB | 未驗證 | <40KB 未逐張 Read，不得嵌入 lib |
報告_MS_旺矽6223_20260820_005.png |
26KB | 未驗證 | <40KB 未逐張 Read，不得嵌入 lib |
報告_MS_旺矽6223_20260820_006.png |
42KB | 文字卡 | MS 揭露附錄：旺矽股價與目標價歷史折線圖（2023/8–2026/8），紅色階梯標示目標價 5,800→7,500→8,000 |
原始內容
August 20, 2026 03:53 AM GMT
MPI Corporation | Asia Pacific
Risk Reward Update
What's Changed
Updated Components EPS Bull Base Bear Scenarios
Risk Reward for MPI Corporation (6223.TWO) has been updated
Reason for change
We cut 2026e and 2027e EPS by 10% and 6%, mainly to reflect trimmed near-term revenue expectations, as management remains somewhat conservative in the near term. However, we keep our 2028 estimates and PT unchanged.
Morgan Stanley Taiwan Limited+
Tiffany Yeh
Equity Analyst
Tiffany.Yeh@morganstanley.com
Update
+886 2 7712-3032
MPI Corporation (6223.TWO, 6223 TT)
Greater China Technology Semiconductors | Taiwan
Stock Rating
Overweight Attractive NT$8,000.00 NT$5,255.00 NT$7,700.00- 1,120.00
Industry View
Price target
Shr price, close (Aug 19, 2026) 52-Week Range
| Fiscal Year Ending | 12/25 | 12/26e | 12/27e | 12/28e |
|---|---|---|---|---|
| EPS (NT$)** | 32.51 | 64.33 | 150.14 | 319.57 |
| Prior EPS (NT$)** | 32.77 | 71.48 | 160.51 | 319.26 |
Unless otherwise noted, all metrics are based on Morgan Stanley ModelWare framework
** = Based on consensus methodology
- e = Morgan Stanley Research estimates
Morgan Stanley does and seeks to do business with companies covered in Morgan Stanley Research. As a result, 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.