Wafer foundry UMC (2303-TW)(UMC-US) under the strong recovery of foreign capital, the stock price strengthened against the trend this week. On Friday (5th), it soared more than half of the limit to close at 42.15 yuan, recovering all short-term averages, and rose nearly 5% in a single week.
This week, foreign capital has turned back to the wafer duo, and UMC has been the top foreign buyer for 3 consecutive days, with a total of more than 86,000 purchases.
UMC estimates that wafer shipments and ASP will remain flat in US dollars in the third quarter, the capacity utilization rate will remain at 100%, and the gross profit margin is estimated to be 44-46%, which will decline compared with the second quarter, but will continue to stand above 40%. level.
Although UMC emphasized that the capacity utilization rate in the third quarter will remain at full capacity, eliminating the market’s noise about capacity loosening, but with the estimated wafer shipments and ASP remaining flat, the price has not risen much, saying goodbye to seven consecutive quarters of price increases The situation, the legal person expects, UMC’s third quarter revenue will be suspended for 11 consecutive quarters.
UMC’s revenue in July was 24.827 billion yuan, which was flat, but increased slightly by 1.03 million yuan from the previous month, a record high for ten consecutive months, with an annual increase of 35.18%; the cumulative revenue in the first seven months was 160.305 billion yuan, an annual increase of 37.75% %.