Reported 7 months ago
As summer brings electricity shortages and concerns from foreign media, Taiwan's electrical and cable stocks are on the rise again, supported by initiatives such as Taiwan Power Company's resilient power grid project. With the launch of the US trillion-dollar infrastructure plan, leading electrical stocks like Hua Cheng (1519), Century Electric (1503), AsiaLink Technology (1514), and China Electric (1513) all surged to their daily limit on June 14. This resurgence comes after a period of stagnation in April and May 2024, with optimism fueled by electricity shortages during the summer, foreign concerns about power shortages, and reports of US invitations for electrical stocks to establish factories locally. Electric related stocks including Yang Hua and Yonyou Electric also saw gains, while cable stocks benefited from the low period, with YITAIHE and HEGE Machinery surging. Analysts are particularly optimistic about Hua Cheng's future, expecting it to reach the 1,000 yuan per share mark should it hit the daily limit again on Monday (June 17).
Source: YAHOO