Reported 8 months ago
Yageo (2327), a major passive component manufacturer, reported a record-breaking revenue of NT$10.712 billion in May, benefiting from strong demand from AI applications. US-based foreign investors have raised their rating to 'add' and increased the target price. With the recovery in the IT sector, Yageo anticipates entering a period of replenishment with relatively low inventory levels, leading to higher capacity utilization rates compared to last year. The company is optimistic about the development of AI applications, as major AI players whose stock prices have surged 3-4 times are important clients of Yageo, driving strong demand for a variety of products.
Source: YAHOO