Reported about 1 year ago
Analyst Kung Hong-bin expects Taiwan's stock market, after a significant gap up in the previous week, to retest the gap and adjust its moving averages this week, limiting the index's space for operation. Recommendations for the week include buying shares of Shihlin Electric (1503), Billion Electric Co. (1616), Allied Automation (3483), Will Semiconductor (6449), and StarPower Semiconductor (2438). The market saw strength in heavyweights like TSMC and Foxconn last week, closing the bearish gap to reach historic highs, while the OTC index remained strong with continued breakthroughs, prompting attention to mid and small-cap stocks. The article suggests focusing on traditional industries favored by domestic funds, with emphasis on sector rotation for short-term trading strategies. Highlighted stocks include Shihlin Electric with growing market demand for transformers, Billion Electric's strong order book from Taiwan Power Company driving revenue growth, Allied Automation benefiting from increased demand for AI-powered cooling systems, Will Semiconductor expected to see revenue growth due to rising demand for solid-state capacitors, and StarPower Semiconductor showing positive revenue growth trends. Overall, the market is cautioned against chasing highs and advised to adopt a pullback strategy for investing.
Source: YAHOO