Reported about 1 year ago
Taiwan's stock market hit a new high last week, led by TSMC's strength closing the bearish gap. The stock index maintained a strong trend of breaking through the range, suggesting interest in mid-cap stocks. Analysts suggest focusing on tech stocks with capital flowing back gradually, while industries like manufacturing rotate funds more quickly. Stocks like SynTrend (4303), Chi Mei Communication (3047), Jentech (4561), Glory Star (1617), and Heide Wett (3268) are recommended. The weighted index is expected to retest the gap and average deviation; thus, focusing on mid-cap stocks is advised. Robotics and cooling groups are worth considering due to recent corrections, while industrial sectors like power, cables, and shipping performed well as capital flowed there last weekend. SynTrend, a specialist in synthetic leather, is set to benefit from Olympic events and increasing awareness of animal rights driving demand for synthetic leather substitutes. Chi Mei Communication has reported impressive May revenues due to increased shipments; Jentech expects a rising trend quarter by quarter with solid first quarter results; Glory Star is enjoying increasing demand as it ventures toward better operational performance; and Heide Wett is gradually improving its operations amidst growing demand.
Source: YAHOO