Reported 12 months ago
Taiwan's stock market experienced fluctuations last week, with investors focusing on high-performing tech stocks. Analyst Bai Yi-hong highlighted that with major companies like Hon Hai (2317) and Quanta (2382) hitting significant price levels, there is potential for individual stocks to rise further as the index continues its upward trend. In the second half of the year, funds are expected to rotate within the electronic sector, with selected companies like Yi-tech (3289) and Direct (1597) being favored. Other potential stocks include Hongkang (3587), Lianmao (6213), and Champion (1806). The market showed resilience with sectors like green energy and biotech driving the market back above key moving averages. Sector-wise, AI-related industries and semiconductor production, AI servers, GB200 assembly supply chains, smartphone component stocks, and heavy electronics are expected to perform well in the latter part of the year. Notable performers were Yi-tech, benefiting from AI chip verification analysis, posting record profits in the first quarter of 2024, and Direct, the only company offering both industrial and collaborative robotic arms, expected to see revenue growth in the second half of the year due to the rise of AI smart factories. Hongkang is gaining orders from major tech companies like Nvidia, AMD, Intel, Microsoft, and Meta for high-speed computing chip testing, projecting a high revenue for the year. Lianmao is set to secure new orders from Cloud Server Providers (CSP) and enter the GB200 peripheral supply chain in the latter half of 2024, showing significant revenue growth potential.
Source: YAHOO