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Author / Wang Rongxu
Biden was elected president of the United States, and the Senate and House of Representatives continued to divide, and the possibility of tax increases and the separation of major technology stocks diminished. The result of the United States general election appears to be the most welcome on the market. The funds quickly returned to the stock market. The Fischer Index and Taiwan stocks hit new highs in succession. In the Biden era, the stock selection trend will also change.
Wang Rongxu, an analyst at Wanbao Investment Consultants, said that Biden advocates for renewable energy. Some funds have already bet on solar power, wind power and electric vehicles in advance. The pre-election increase has increased and post-election gains will be realized. Many people are waiting to sell at rallies. Now is the time to find the next main target.
With the inauguration of Biden, the tension with China is expected to subside, but the trend of the technology war between the United States and China remains unchanged. In October, I analyzed in a column that I was optimistic about the IC design group that has been classified for three months. For example, Liji (4968-TW) is a potential stock that will benefit from the relaxation of the Huawei ban in the United States and China.
Before the election, some manufacturers were approved to supply non-5G core technology products from Huawei. After Biden takes office, he has a chance to further relax Huawei’s ban, helping bring Huawei’s supply chain back to life. Still, the de-beautification trend in China remains unchanged, so companies with technological capabilities that can replace American manufacturers will find their way.
Liji (4968-TW) is a radio frequency component design company. Revenues from radio frequency components for WiFi accounted for more than 90%. The main customers are Asus, Huawei, Samsung LG, etc. After failing to ship Huawei, other manufacturers like OPPO, ZTE and Xiaomi orders are rushing and orders will be filled immediately, demand is still greater than supply.
The amount of cast film has not decreased and testing machines have been added in China. Market share is second only to Skyworks and Kovo. It is one of the few IC design companies in the world that can provide WiFi RF front end components. It benefits from a high degree of beautification and is also the future. Beneficiaries of the relaxation of the Huawei ban.
Wang Rongxu, an analyst at Wanbao Investment Consulting, also noted that the expansion in fiscal spending and infrastructure construction after the US elections is conducive to economic recovery and rising commodity prices. Since October, I have reminded readers many times that shipping is a leading indicator. The freight rate for container ships has skyrocketed in the third quarter and remained high in the fourth quarter. The container and warehouse shortage will continue next year, and Container Sanxiong’s performance is expected to improve next year.
Both Wanhai (2615-TW) and Evergreen (2603-TW) have passed the 10-year line, while Yangming (2609-TW) is still below the 10-year line and there is plenty of scope for compensation. Commodities are bullish on Guoqiao (1312-TW), Huaxia (1305-TW) and Taiwan Poly (1304-TW).
China (1305-TW) benefited from PVC prices exceeding a five-year high and the utilization rate remained fully charged. Fourth quarter earnings are expected to be better than third quarter, and the US and China infrastructure benefit is also very high. Taiwan Poly (1304-TW) owns the capital stock of Huaxia. This month, EVA foam grade products will enter peak fall and winter shipping season. The solar grade will benefit from Biden’s promotion of renewable energy, which is a hidden take on the solar concept stocks.
Biden hopes to actively promote epidemic prevention in the future, which is beneficial for epidemic prevention actions. The demand for medical gloves is expected to continue in the first half of next year. NBR latex manufacturers in South Korea and Malaysia have successively increased their prices. Shenfeng’s third-quarter EPS (6582-TW) recommended in the previous column reached 4.5 yuan, an increase of 40% in the first three quarters. EPS is 9 yuan, an annual increase of more than double, and profits have exploded.
In the third quarter, the top stocks with BPA of more than 4 yuan in epidemic prevention include Haozhan (4735-TW) and Taibo (4736-TW). Haozhan’s P / E ratio is low, and the share price has recently hit a record high. Tabor has pulled out of the high-end price of 309 yuan six months ago. Since October, the investment letter has been covered in silence and the turnout has been close to 4,000. It has also obtained the export license from Taiwan, with great export potential next year, and the market prospects are promising.
Wang Rongxu, an analyst at Wanbao Investment Consulting, said Biden’s big push in fiscal spending will weaken the US dollar. First, the funds flow into gold and virtual currencies. Second, emerging market currencies continue to appreciate, which is beneficial for asset stocks. As Bitcoin rises above the $ 15,000 premium, it is beneficial to the board community.
Most of the low-priced card stocks are not profitable, while the high-priced ASRock (3515-TW) benefited from AMD’s launch of new chips in the fourth quarter. EPS is estimated to reach 11 yuan this year and 14-15 yuan next year, with a P / E ratio of about 12. Times, the evaluation is low, it is worth paying attention to the market outlook. There is more potential stock analysis, to be shared with LINE fan club readers. Welcome to join for free.
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