Reported 12 months ago
Taiwan's stock market experienced a correction on July 2, with the index falling below the 23,000-point mark, prompting short-term retracement predictions. Despite the overall market facing risks of further pullback, there is buying interest in small and medium-sized stocks like Zhenlei (5388) and Mingtai (3380), which are showing improved operating prospects. Factors such as the U.S. broadband infrastructure budget allocation and India's broadband network development are expected to positively impact Zhenlei and Mingtai's revenue performance. Mingtai's prospects also include the launch of new products like smart doorbells and IP-Cams, with expected revenue growth. Additionally, the completion of the LEO satellite network operation is set to boost Mingtai's business dynamics. Both companies are poised for growth amidst varying market conditions.
Source: YAHOO