Reported 11 months ago
In a report by analyst Zhong Kunzhen from Moore Investment Advisory on June 8, 2024, it was highlighted that the Taiwan stock market surged to a new high last week, with key contributors being major heavyweight stocks such as TSMC, Foxconn, and MediaTek. This week, Shengmao (3305) and Dantian (3455) were recommended, along with Fuqiao (1815), JTOUCH (3356), and Upride (3564). Shengmao, a large tin product manufacturer, is benefiting from the soaring international tin prices and strong demand for low-orbit satellites, with revenue expected to continue growing in the second half of the year and profits set to rise further. Dantian, a supplier of AOI inspection equipment for semiconductor back-end processes, is expected to see improved profits due to strong CoWoS demand. These companies are among the picks for potential growth in the near future.
Source: YAHOO