Taiwan Selection High Dividend Fund 00919 Welcomes Two Newcomers into Top 10 Constituents, Leading to 2-Year High

Reported 7 months ago

FTNN News Network reported on June 13, 2024, that the Yuanta Taiwan High Dividend Equity Fund (00919) completed its rebalancing yesterday, with Evergreen Marine (2618) and World Yat Si International Co. (5347) newly included in the top 10 constituents. Evergreen Marine ranked sixth with a 6.60% stock weight, while World Yat Si International Co. ranked seventh with a 6.30% stock weight. Today, Evergreen Marine saw a slight drop, closing at 36.25 NT$, down 0.6 NT$ (-1.63%), while World Yat Si International Co. opened in the green, reaching a high of 124 NT$ and peaking to a near 2-year high before closing at 114.5 NT$ (-0.87%). World Yat Si International Co. recently soared after announcing a joint venture with NXP Semiconductors to build a 12-inch wafer plant in Singapore, aiming for production in 2027, and is expected to see a 17-19% quarterly increase in silicon wafer shipments in the second quarter of 2024, with gross profit margins rising to 25-27%. With a record high market capitalization exceeding 220 billion NT$, the fund is set for its fifth dividend distribution on June 24, estimating a payout of 0.7 NT$ per share. The stock price has surged by 19.92% this year and is ranked fourth in Taiwan's high dividend ETFs. Foreign investors have been selling off shares for four consecutive days, while institutional investors have been scooping up shares, reflecting positive market sentiment and investor interest.

Source: YAHOO

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