Reported 8 months ago
Hsin Chuang, the stock king, continues to reach new historical highs in June, with foreign bank HSBC releasing a new stock report upgrading it to a 'buy' rating with a significantly increased target price of NT$6,400. This pushed Hsin Chuang's stock price to reach a high of NT$5,050 intra-day and close at NT$4,985, prompting a comparative effect in the high-priced stocks club and causing MediaTek, Unizyx, WPG Holdings, and Catcher Technology to hit new historical highs. Analysts believe Hsin Chuang will benefit from the GB200 technology, expecting a strong recovery in BMC shipments in the next two years and emphasizing AI server demand. With positive outlooks on BMC shipments and AI needs, earnings per share for 2024 and 2025 have been raised, leading to a target price increase and a 'buy' rating.
Source: YAHOO