Reported 8 months ago
On June 23, 2024, in Taipei, as the momentum of heavyweight electronics slowed down, investors are advised to pay attention to stocks like Lian-Chin and Lian-Mao in the electronics sub-sector. With the correction in the Taiwanese stock market on June 21, where the index fell by 152 points to 23,253 points, experts believe that as long as the short-term 5-day and 10-day moving averages are maintained, the short-term bullish trend remains unchanged. In a situation where there is rotation in the subgroups of mid-cap electronics and non-tech electronics, it is noted that investors should focus on Lian-Chin (3450) and Lian-Mao (6213) within the electronics sub-sector. Lian-Chin recorded a monthly revenue of 5.76 billion NTD in May, a decrease of 2.12% MoM and an increase of 36.97% YoY. Lian-Mao, on the other hand, is optimistic about future growth prospects driven by strong AI demand and increasing adoption of AI in cars and PCs.
Source: YAHOO