Reported 12 months ago
As the Taiwan stock market enters a period of fluctuation around the 23,000-point mark on July 2, 2024, with increased volatility in tech stocks, non-tech stocks are gaining market attention. Analysts point out that for the second quarter, Hwa Hsin (1605) presents trading opportunities due to the rebound in nickel and copper prices from March to June. Additionally, investment advisors highlight Yang Ming (2609) as a favorable choice given the expected maintenance of high freight rates in July. Hwa Hsin is anticipated to see higher profits in the second quarter in its cable business due to strong domestic demand and rising copper prices benefiting inventory gains and improving gross profit margins.
Source: YAHOO