domestic news
1. The Qingming holiday is coming, and the cumulative increase in March has risen by 345 points. Today (31), the daily and monthly lines will fight for three consecutive reds, becoming the longest consecutive reds since the beginning of 2022. According to the analysis of legal persons, Taiwan stocks have “six major advantages” and are firmly in the midst of the “turbulent flow” of European and American banks. Foreign capital has returned to buy more than 20.3 billion yuan for two consecutive days to fuel the bulls, and will assist Taiwan stocks to continue to welcome the super legal in April Said meeting, shareholders meeting quotes. (read more)
2. Taiwan has a competent authority for virtual asset (or virtual currency) transactions. Qiu Shuzhen, deputy chairman of the Financial Supervisory Commission, announced on the 30th that the Executive Yuan has designated the Financial Supervisory Commission as the authority in charge of the virtual asset platform. On the basis of the current money laundering prevention, it will increase the management of platform operators’ self-discipline and information disclosure, but the virtual asset trading platform is still Whether the non-licensed industry will be regarded as securities trading in the future depends on whether international development and industry players can enhance investor confidence. Qiu Shuzhen said: “It is not ruled out that there is a lot of room for imagination in the future.” (Read the full text)
3. Taipei Bioinnovation Park (Taipei Bioinnovation Park) opened on the 30th. Taipei Mayor Jiang Wanan said that this is Taiwan’s first BOT case focusing on the settlement of the biotechnology industry. With 3,000 job opportunities, it is expected that with the formation of the industrial chain and the connection of the science and technology parks, Taipei will become a city of science and technology. (read more)
4. In 2022, a major packaging and testing company, ASE Investment Holdings, benefited from the booming orders received by the two major businesses of semiconductor packaging and testing and EMS electronic foundry. high record. The company decided to distribute a cash dividend of 8.8 yuan, a record high, with a distribution rate of 60% and a cash yield of 7.82%, which is a generous return to shareholders. (read more)
5. Foreign capital borrowed foreign currency with Taiwan stocks as collateral and let it go. In order to prevent foreign investors from using Taiwan stocks as ATMs in response to overseas fund redemption or capital needs, the Financial Supervisory Commission officially opened up on the 30th for foreign investors to use Taiwan-listed stocks as collateral to borrow foreign currency from overseas financial institutions to support overseas investment. Activity. (read more)
6. UMC’s Singapore factory expansion has released the latest progress again. On the 30th, it announced that it will entrust ASK Engineering to build the F12i P3 factory of UMC’s Singapore factory for 1.395 billion yuan. The cumulative orders received by UMC this year have exceeded 20 billion yuan. (read more)
7. The sales performance of the auto market in the first quarter of this year exceeded expectations. Huang Nanguang, the chairman of the auto industry leader and Thai car, said that the number of licensed vehicles in the first quarter is expected to reach 110,000, an increase of 6% compared with the same period last year; among them, the sales volume of the auto market in March Looking at 43,000 vehicles, it is better than expected at the beginning of the month. If estimated at an annual rate, the annual auto market may even reach a peak of 520,000 vehicles. (read more)
8. The 2nd Kaohsiung Smart City Exhibition opened on the 30th in 2023. Kaohsiung Mayor Chen Qimai pointed out that the exhibition specially set up a “Net Zero Innovation Pavilion” to show that Kaohsiung, as a city that started with heavy industry, is actively facing global climate change. By 2050 The annual net zero emission is the goal, and various smart city application service solutions such as smart medical care and smart transportation are introduced to enterprises and other countries. (read more)
9. Lin Hongming, chairman of Xinhua, a server remote management chip (BMC) factory, pointed out that in the first half of the year, due to the impact of high customer inventory levels, customer orders may be delayed until the end of June before re-intensive shipments are expected. It is expected to usher in the peak season in half a year. It is estimated that the highest annual revenue is expected to grow by around single digits, and there is still a chance to reach new highs. (read more)
10. With the launch of the 6,000 yuan universal cash payment, e-commerce platforms have increased their efforts to “magnify” the benefits of 6,000 yuan. Wangjia said that members are encouraged to store value on the platform and enjoy a 1% bonus. Shopee is also optimistic about this opportunity to launch the “4.4 Free Shipping Crazy Shopping Festival”. (read more)
Taiwan Stock Trends
Apple’s WWDC did not appear, Xinxing’s 16 Apple concept stocks made a sensation first
The arrival of continuous holidays + common cash, double benefits and more domestic demand industries are hot
U.S. customers expanded their purchases to reach a new high in Q3 operations
Accelerate the overseas layout of Yili Electric to build a factory in Thailand
Getac’s profit in February increased by 46% year-on-year, EPS reached 0.3 yuan
Fundamentals
1. On the previous trading day, the NT dollar closed at 30.461 yuan against one US dollar, depreciating by 0.6 cents, and the turnover value was US$1.058 billion.
2. On the 30th, financing in the centralized market increased to 170.233 billion yuan, and securities lending increased to 223,722.
3. On the 30th in the concentrated market, self-employed traders bought more than 2.793 billion yuan, investment credits sold more than 159 million yuan, and foreign investors bought more than 10.557 billion yuan.
4. Global Crystal (6488), a major silicon wafer manufacturer, participated in the performance presentation of the counter-buying center on the 30th. Chairman Xu Xiulan said that due to the crisis in the banking industry in Europe and the United States, customers are currently on the sidelines for the second half of the year, and the performance part is second. The season will only hit the bottom, but we have already seen two spring swallows flying in. One is that there are two new long-term orders in the first quarter, and the other is that customers who originally requested shipment delays have begun to pull goods in advance.
5. Huahan (6414), an industrial computer factory, held a press conference on the 30th, announcing last year’s after-tax net profit of 3.45 billion yuan, an annual increase of 158.7%, earnings per share (EPS) of 32.6 yuan, and a proposed dividend of 15 yuan, doubling simultaneously Growth, together with orders in hand, set a record of “five highs”. Zhu Fuquan, chairman of Huahan, emphasized that the current orders are not affected by inflation at all, and maintain an optimistic view of growth throughout the year.
6. Bizlink-KY (3665) announced its 2022 financial report on the 30th. The annual after-tax net profit was 3.838 billion yuan, an annual increase of more than 80%, and the after-tax net profit per share was 25.02 yuan. The company said that thanks to the addition of the Industrial Application Business Group (INBG) under LEONI AG, the company covers a wider range of markets and products, driving last year’s revenue and profit to hit a record high. Annual increase to 25.65% back to previous levels.
7. Benefiting from the active purchase of e-sports power supply customers and the steady growth of its own brand COUGAR around e-sports, Wei Xun (3032) Chairman Wang Jundong expects that this year’s revenue will have a chance to return to the second highest level in history in 2021. However, due to the impact of the industry downturn, the server product line will see a 10% year-on-year revenue drop this year, while promising new products such as medical beds and electric vehicle battery mechanism component busses have the opportunity to start seeing contributions from 2024.
8. Kangkong-KY (4943) announced its annual report on the 30th. Last year’s revenue was 1.781 billion yuan, after-tax loss was 1.385 billion yuan, and the loss per share was 8.23 yuan. The cumulative loss was 4.593 billion yuan, more than half of the paid-in capital .
9. The soaring price of pigs has affected the development strategy of Bafangyunji (2753). The Taiwan market will slow down the exhibition stores of the two brands of “Bafangyunji” and “Liang Shehan Pork Ribs”. There are 60 stores throughout the year. In addition, in order to increase the energy of exercise, Bafang Yunji will launch frozen conditioning packs from June.
10. JPMorgan Chase Securities pointed out that high-end and flagship smart phones will start lens upgrades from the second half of the year to 2024, which will drive the fundamentals of Largan (3008) to heat up and stabilize its leading position in the industry. In the optical field, Largan is the first choice for investment It is speculated that the reasonable stock price will rise to 2,550 yuan, which is expected to bring the attention of international funds back to the smartphone supply chain leader, and prevent the recovery of semiconductors in the second half of the year.
11. Due to the large fluctuations in the international nickel price and the sharp drop in the price of stainless steel products in mainland China, Yulian (9957), a leading domestic stainless steel manufacturer, suddenly announced on the evening of the 30th that the announcement of the April price will be postponed to the morning of the 31st; Dachang Tang Rong (2035) also announced that the opening of the market will be postponed to the 31st, but the expected momentum has been established.
12. JPMorgan Chase Securities pointed out that the lens upgrade of high-end and flagship smart phones will be launched in the second half of the year to 2024, which will drive the fundamentals of Largan (3008) to heat up and stabilize its leading position in the industry. In the field of optics, Largan is the first choice for investment It is speculated that the reasonable stock price will rise to 2,550 yuan, which is expected to bring the attention of international funds back to the smartphone supply chain leader, and prevent the recovery of semiconductors in the second half of the year.
technical side
1. Taiwan stocks closed up 79.67 points in the previous trading day to 15849.43 points.
2. The turnover of Taiwan stocks in the previous trading day shrank to 184.128 billion yuan, the 5-day average volume was 215.078 billion yuan, and the 10-day average volume was 224.096 billion yuan.
The 3.5-day moving average is 15813.14 points, the 10-day moving average is 15707.65 points, and the 20-day moving average is 15647.55 points.
4. The 5-day RSI is 63.95 and the 10-day RSI is 60.09.
On 5.9, the K value was 79.92, and on the 9th, the D value was 75.37.
6.20 day deviation rate is 1.29.
7. Yuanta Investment Consulting: This year foreign investors have returned to the team, and the total purchases from January to March have exceeded 200 billion. From a technical point of view, the 20-month moving average has turned downwards to suppress the upside space, but the index has been consolidated for about 3 months so far. , Followed by the expansion of the monthly KD opening, and the weekly KD passivation of the golden cross again, the market is expected to gradually heat up.
8. KGI Investment Advisory: After holding on to the important support on Wednesday, the concentrated market returned to the 5-day moving average on Thursday, and the index continued to have a long-term structure. However, the wait-and-see atmosphere is strong before the long holiday, and the volume may be sluggish. The recent high of 15921 still needs to be expanded breakthrough.
foreign news
1. U.S. stocks rallied twice, and the S&P 500 hit a 3-week high
Led by large technology stocks, U.S. stocks rose for two consecutive trading days, and the S&P 500 also hit a three-week high. The market believes that the regional banking crisis is over. At the same time, the VIX, which reflects the volatility of the S&P 500, has fallen back to around 19 points. When the European and American banking crisis occurred in mid-March, the VIX once soared to more than 30 points. In addition, the Federal Reserve Bank of Boston said it would raise interest rates again to curb inflation. The latest closing price of US stocks, the Dow Jones rose 141.43 points, or 0.43%, to close at 32859.03 points. Nasdaq rose 87.24 points, or 0.73%, to close at 12013.47 points. The S&P 500 rose 23.02 points, or 0.57%, to close at 4050.83 points.
2. South Korea pushes the chip bill, tax cuts to reward investment
Faced with the threat of U.S. President Joe Biden’s imposition of the chip law, South Korea’s National Assembly also passed its own version of the chip bill on the 30th to reward investment in the semiconductor industry by expanding tax cuts, so as to reduce the financial burden on local companies involved in the global chip competition.
3. The White House protects against lightning and will strictly control medium-sized banks
According to people familiar with the matter, affected by the successive failures of Silicon Valley Bank and Logo Bank, which caused a major shock in the financial system, the White House will propose to the Federal Reserve (Fed) and other regulatory agencies as soon as this week, requiring them to target $100 billion to $250 billion. Assets of medium-sized banks, enact stricter regulations.
4. The market value of Huida has soared five times that of Intel
Chip giant NVIDIA (NVIDIA) has taken advantage of the artificial intelligence (AI) boom, and its stock price has soared by nearly 90% this year, and its market value has surged by more than 300 billion U.S. dollars, which is five times that of its long-term rival Intel. At the same time, experts pointed out that the potential of Huida’s software business should not be underestimated.
5. Tesla’s Q1 stock rose the strongest in history
Tesla, the electric car giant, is optimistic that its shipments will hit a new high in the first quarter due to growth in markets such as the United States, China and Norway. Its stock price has soared this year, and even though the first quarter has not yet ended, it has recorded the largest first-quarter gain in history.
(Digital Editor of Business Times, Times Information and Finance Content Center)