The capital party continues to share the sacred mountain, and the shipping team leads the charge

Shenshan TSMC leads the way with weighted stocks, and the weighted index reaches another peak. All first-quarter financial reports are released. Stock prices adjust with profits. Financial stocks also have yield-themed container shipping, which has the advantage of rising quotes.
[Text/Huang Junchao] The most important key to the weighted index breaking through 21,000 points and continuing to hit a record high is still the national guardian TSMC’s April revenue of 236 billion yuan, a monthly increase of 20. 9%, an annual increase of 59%. Six percent was the second highest in a single month and a new high in the same period. The annual growth rate in the first four months rose to 26. 2% first quarter financial report EPS 8. The 7-yuan interim shareholders\’ meeting raised the cash dividend to 4 yuan, driving the stock price to a record high of 844 yuan.
TSMC is the anchor of the index. Despite the impact of the earthquake and the off-season for mobile phones in the second quarter, NB/PC demand still needs to recover. However, the demand for AI chips continues to be strong, and the demand for HPC is strong. There are strong opportunities for single-quarter operations to meet financial forecasts, and there will be more in the second half of the year. It is even more worth looking forward to, especially that the proportion of 3-nanometer revenue is expected to continue to increase by more than 100% in advanced packaging production capacity. It was stated at the previous press conference that overall AI-related revenue will double this year and will increase to 50% in the next five years at a compound annual growth rate of 50%. In 2028, it accounted for more than 20% of revenue.
According to the U.S. Commodity Exchange Act, if a single component stock of a securities index accounts for more than 30% of the overall index weight for four or five trading days in three consecutive months, it will be classified as a narrow-based securities index. Domestic investors in the United States will not be allowed to trade narrow-based indexes. The rise of TSMC futures is always easy to become one person\’s martial arts or the so-called accumulation. However, TSMC made the Taiwan stock index into a narrow-based index in April 2011 and did not recover until the end of October 2022. Since this is not the first time, it affects the fundamentals. There won’t be much impact on the market. After all, there are many ways and channels for trading.
Compared with TSMC and the second largest stock, Hon Hai, which rose to 1.75 yuan, the overall performance of technology stocks recently has not been very enthusiastic. Although the server ODM, equipment, cooling and other sub-industries that were previously strong have not shown significant transformation, most of them have not shown significant changes. Weak, but after the rally, the market has more stringent requirements for financial reports. Some stocks are bullish but do not rise or consolidate. The U.S. stock market has a similar situation, so stock price fluctuations and adjustments are reasonable. However, the industry trend will not be changed by the stock price at all.
In the previous band, there were relatively obvious adjustments in the IP group and IC design. For example, Sechixin KY, which once occupied the throne of the stock market, continuously delivered record-high revenue data in March and April. However, the stock price has fallen back from 4,565 yuan. The correction range was 45% to 2,500 yuan. However, Shixin announced on the 14th that Amazon participated in the subscription of 224,537 private placement common shares, with a reference price of 2,978 yuan and an actual subscription price of 23,000 yuan per share. The total investment amount is about 82 yuan. The rebound in stock prices of RMB 3.5 billion has the opportunity to stabilize the stock prices of high-priced stocks.
High-priced stocks such as heavyweight weight stocks TSMC, Hon Hai, and MediaTek are also expected to recover. In addition, financial and communication stocks have taken turns to enter the battle. The weighted index has hit highs and continues to perform well. You can look back and observe the counter index of small and medium-sized stocks. The counter index is currently in the short and medium term. The oscillating capital at the tangled moving average has not yet shown any obvious intention to follow up and needs to wait for attack signals that can amplify the volume.
A rise does not necessarily mean a fall, but the structure will improve evaluation and capital rotation. Once opportunities are caught in subject matter, performance, and chips, low-base stocks will have the opportunity to make up for the rise.
Both April revenue and the first quarter financial report have been fully announced. The index has hit a high and individual stocks have adjusted according to the profit situation. The highlight in late May is Nvidia, the king of AI. The financial report and financial forecast are highly anticipated by the market, especially in terms of new products. Then in early June, there was the Taipei International Computer Show, where Taiwanese server ODM-related manufacturers showed off their capabilities. Then, whether Apple\’s WWDC conference can deliver the AI ​​beef that the market wants is also the focus of the market.
AI themes come one after another.
Financial indexes hit highs. From a broader perspective, European stock markets continue to be strong. The U.S. stock market has returned to near its high point after consolidation. The Japanese stock market has recently maintained a consolidation pattern after hitting a record high. The most obvious recent increase was in the first quarter. The rebound of the Shanghai Composite Index in China\’s stock market in the latter half of the year has returned to all moving averages. The short and medium-term moving averages of Hong Kong\’s Hang Seng Index other than the annual line have all risen by nearly 20% since the low on April 19.
Returning to the Taiwan stock market, it is not just electronics stocks that have experienced a high-low base period shift. Conventional industry stocks, which were already in a rotation pattern, include policy-related stocks such as military industry, heavy electronics, wires and cables, etc. Although the future of the industry is still optimistic, they are also facing the post-rising period. tidy.
In addition to the vertical within-industry comparison effects, horizontal comparisons will also appear as capital spillover effects intensify. Although it is of course impossible for different industries to have the same evaluation model, there will still be a certain degree of incentive effect.
Among electronic stocks, passive components with a relatively low base period have performed well recently, while among traditional industrial stocks, construction, construction and assets, which have a relatively long-term relatively low base period, are represented by shortening the time and looking at container shipping, some catering and hotels, fitness-related stocks, etc. In addition, financial stocks have shown a compensatory growth trend due to the switch between high and low base periods. This is also coupled with the fact that the worst situation in fundamentals has passed, the positive help of recovery, or the advantage of high yields, etc., has driven a healthy price increase.
(Full text not yet completed) Source: Issue 2300 of \”Xiantan Investment Weekly\” For more exciting content, please go to \”Xiantan Investment Weekly\”

Like (0)
Previous May 16, 2024 10:35 am
Next May 16, 2024 10:35 am

Related posts