Invests in semi-conductors companies.
Priortech ended 2025 with stronger earnings and higher embedded value across its two core holdings, but the thesis now turns on one question: will Camtek’s accounting profit and Access’s operating growth keep translating into real upstream cash and financing flexibility, or rema…
Priortech is very rich in the economic value of its Camtek holding, but parent-level cash remains small, so most of the NAV still sits outside free cash.
Access proved in 2025 that it is already a profitable and cash-generative business, but it has not yet proved that it can comfortably fund both the Zhuhai expansion and a stable upstream distribution. At this stage the IPO still looks more like a possible funding and value-unloc…
