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The results of the US presidential election will be announced next week. As the elections approach, the global stock market fills with an atmosphere of waiting and the Taiwan stock index is consolidating. However, even if there is interference from uncertain factors, the pace of the industry will not stop. The ethnic group of production officially ushered in the peak season.
Wanbao Investment Gu Chen Zirong pointed out that according to the latest information from Platts, the top five general-purpose resins from the Far East have continued to rise. After the floods on the mainland, the demand for home appliances has strengthened. Related lamination quotes have increased frequently. ABS has approached US $ 1,900. The price has also risen to US $ 1,130, a record in the last 18 months. The operating rate has remained at a high level of 90% and the gross profit has increased by 13%. The prices of upstream raw materials, benzene and SM have also recovered. , Which caused the price to rise above US $ 600. Recently, under continuous optimization of stock reduction, the price also rebounded to US $ 800. And EG-derived polyester also began to enter peak season, orders exceeded expectations, and performance momentum from related laminating groups was strong.
Besides plasticizing, there is good news for automotive components too. Demand for cars that was previously suppressed by the epidemic is now starting to explode. Automakers in several countries are actively resuming work, and the performance of Taiwan’s automotive components is also improving. From a performance standpoint, September revenue reached a record for many automotive components, including Yulong (2233-TW), Liuhui-KY (2115-TW), Guimeng (5306-TW), Zhishenke ( 4551) -TW), the outside world estimates that this year’s EPS will exceed 6 yuan.
The AMPA, which was held last week for the Taiwan Auto Parts Industry Joint Annual Event, also showcased many bright spots at the venue. The performance of the AM and OEM groups is heating up by the day. Among them, Tesla’s supply chain is the most striking. According to Tesla’s latest third-quarter financial report, global car sales in the third quarter alone plunged to 139,300 vehicles, an increase of 44%, setting a new single-season sales record, and profits rose for five consecutive quarters. The relevant supply chain deserves attention. Tung Chi (3552-TW), a new addition to Tesla’s supply chain, has performed well recently and has frequently hit band highs.
Wanbao Investment Gu Chen Zirong pointed out that the recent volatility of the US stock market has been great and Taiwan stocks have been relatively stable. Most of them have been consolidated before Wansanguan. Recently, Taiwanese stocks and shares have risen at the same time. Stocks are king, and the trade is still based on trading chips; Stocks that have risen in gold will move sooner or later.
For example, Macronix’s 10/5 (2337-TW) rose from 31.3 yuan to another high of 35.2 yuan on Tuesday, an increase of 12.5%; although it fell back in recent trades, the stock price was too high and the technical side fell back. It is normal; Macronix is one of the heavyweight electronic stocks, and it is also a major player in stabilizing the market. In recent weeks, UMC (2303-TW) and MediaTek (2454-TW) have also been observed. When the index is reviewed, they will come out in due course. Stable trading means that Taiwan stocks are easy to go up but difficult to go down, and low prices are limited, maintaining a strong consolidation above the quarterly line.
Wanbao Investment Gu Chen Zirong pointed out that also Liwang (3529-TW) shared on Monday 10/26, closed up 7% on 10/27 (Tuesday). On Monday, Liwang’s share price was revised by 9% and on Tuesday it rose by 7%. When good stocks are temporarily in shock and consolidation, they will pull back to wait for opportunities. If the short term rises sharply, short term players may want to make a profit.
Under the volatility of the index, don’t chase stocks across the market to control risks; if the share ratio is low, use the bargaining chip to select stocks, and then match the good buying points of technical analysis, trade according to discipline, and set profit and loss limits, which can be said to be stable . . See 10/5 “Post-epidemic economy, is this race a winner?” Continue selecting good stocks for everyone through the trading face:
Hongzhi (3605-TW) covers the automotive, electronics and mobile phone groups. Their income in September increased 4.86% monthly and 5.52% annually; the Philippine factory, previously closed due to the epidemic, resumed work in June and customers are actively placing orders. After third-quarter revenue hit a record high, it benefited from strong demand for laptops that will continue into next year. In addition to the traditional peak season for automobiles in the fourth quarter, fourth quarter operations are attractive. Hongzhi’s earnings this year are estimated to reach later years. New highs, foreign investors and autonomous companies have been buying for days.
Li Qing (3346-TW) benefited from the recovery of China’s auto market, with revenue of 453 million yuan in September, an increase of 24.19% month-on-month and an annual increase of 50.84%. Recently, it was reported that it has received the “LED car smart light controller platform from the top three US car manufacturers.” The new automated production line at the Taoyuan Guanyin factory started up in December and mass production will start in the first quarter of next year. The share price has recently reached a high.
Guoqiao (1312-TW) benefited from the sharp rise in international demand for ABS and PS. Guoqiao’s performance in the fourth quarter was strong and profitable. September revenue was 1.487 billion yuan, a monthly increase of 3.05%. Price and volume have recently been synced. As we zoom in, the top three legal entities are on the buyer’s side.
Of course, there are some good stocks that still have a short-term token advantage under high-end index swings, including related stocks like AI and 5G. However, due to limited space, go straight to the fan club and take a look. The public, there is help.
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