After the Taiwan stock market pulled back and corrected, it attracted low-priced buying orders or betting chips on the rebound. Which stocks are the protagonists of this wave of rebound? Is the fundamental performance dark horse? Or is it a brave horse with strong technical and chips? This issue of the weekly special plan, from the profit performance of the semi-annual report, the strength of technical aspects, the flow of chips, etc., to find out the target with the most opportunity to perform “revenge market”.
【arts/ Yang Biru】
The timing of this year has passed halfway, and the financial market, as usual, has begun to pay attention to the company’s profit report card in the first half of the year. Against the background of many negative and negative changes, which industries will pay a beautiful report card in the first half of the year? Who will be the potential dark horse worthy of continuous tracking in the second half of the year?
After going through the peak of the epidemic, there are still tens of thousands of people diagnosed every day, and the time has come to July. Halfway through this year, the financial market, as usual, has begun to pay attention to the company’s profit report card in the first half of the year.
Q2 China lockdown
Huge disruption to the supply chain
China’s lockdown in Q2 caused heavy damage to the supply chain. Many Taiwan-listed cabinet companies mainly have production capacity in China. In May, the domestic epidemic situation increased, and production was suspended and diverted to reduce production capacity. The operating performance of Q2 was much lower than the estimated value at the beginning of the year. The war pushed up inflation, and overall demand was greatly reduced as a result. The U.S. raised interest rates to control inflation, but it accelerated the worries of economic recession.
However, the performance of listed OTC companies in Q1 was quite dazzling, and the negative impact was concentrated in the middle and late Q2, and the effect gradually spread after that. Therefore, at this stage, the profitability of key companies tracked by Yongfeng Investment Consultants in the first half of the year is still unsatisfactory. , There are also many stocks that grew in the Q2 quarter.
According to the performance of key companies tracked by Yongfeng Investment Consultants, those estimated to have EPS exceeding 20 yuan in the first half of this year include: Largan (3008), Pray-KY (4966), MediaTek (2454), Silicon Power*- KY (6415), Evergreen (2603), Novatek (3034), Yang Ming (2609), Wan Hai (2615), Wei Wing (6669), Xin Hua (5274), Jia Ze (3533), Yageo (2327), Xiangshuo (5269), ASUS (2357), Phison (8299) and other stocks.
3 groups perform well
Profit in the first half of the first class
This shows that under the once-in-a-lifetime chip shortage, IC design companies have ushered in a bumper harvest. Under the industrial trend driven by infrastructure, servers are not affected by the overall demand side, while container shipping is under the constant mutation of the virus and the uncontrollable epidemic situation. Continue to enjoy high profits.
However, from the perspective of Q2, which has come one after another, the industries that are expected to have quarterly growth in profit are mostly concentrated in semiconductor, transportation, electrical machinery, Netcom, financial insurance and other stocks, as shown in Table 1, if the profit is taken into account From the perspective of sub-industry groups, individual stocks such as server, China Netcom, and TSMC (2330) supply chain have performed relatively well, and the long-term industry trend is also good, so we can still pay more attention.
[For the full content, please refer to “Extraordinary Business Weekly” 2022/7/15 No.1310]