Today’s Taiwan Stock Market Highlights
The Taiwan Stock Market had a strong opening on Friday, with the weighted index gaining 341.9 points to open at 21,212 points. Throughout the day, the index continued to rise and even surged by 743 points at one point before settling at a closing high of 21,469 points. This marked the 5th largest point gain in history.
One of the key contributors to this positive performance was Taiwan Semiconductor Manufacturing Company (TSMC), which reported a record high consolidated revenue of 2569.53 billion yuan in July. This represented a 23.6% monthly increase and a 44.7% year-on-year increase. TSMC’s strong performance was driven by robust demand for AI chips and the ramp-up of production for new smartphones from both Apple and non-Apple customers. The company expects its Q3 consolidated revenue to reach between 22.4 and 23.2 billion US dollars, with a quarterly increase of around 7.6-11.4%.
In the transportation sector, both China Airlines (2610) and EVA Air (2618) posted impressive financial results in the first half of the year. China Airlines reported a net profit of 7.141 billion New Taiwan dollars, its highest in the same period over the years, with earnings per share of 1.08 New Taiwan dollars. EVA Air, on the other hand, recorded a net profit of 13.38 billion New Taiwan dollars in the first half of the year, also a new high for the same period, with earnings per share of 2.31 New Taiwan dollars.
However, not all sectors saw positive results. Contract manufacturer Inventec (2324) experienced a decline in revenue in July, which was attributed to a decrease in laptop shipments. The company reported a consolidated revenue of 76.44 billion New Taiwan dollars, a 7.5% monthly decrease and the lowest in nearly 5 months. On the other hand, Wistron (4938) saw a significant increase in revenue in July, driven by strong demand for information and consumer electronics products, with a consolidated revenue of 96.529 billion New Taiwan dollars, marking the second-highest monthly revenue for the year.
The automotive sector also saw mixed results, with companies like Yulon Motor (2207) reporting the second-highest revenue in the past 12 months, while Far EasTone (2247) achieved a record profit in the second quarter, with earnings of 96.9 million New Taiwan dollars in the first half of the year, exceeding its capital stock.
Overall, Delta Electronics (2308), a major player in the power supply industry, experienced a boost in revenue in July, reaching 37.339 billion New Taiwan dollars. This was driven by strong sales of AI server power supplies and passive components, resulting in a 7.2% monthly increase and a 3.8% year-on-year increase, setting a new record for monthly revenue. Delta Electronics’ cumulative revenue for the first 7 months of the year reached 232.081 billion New Taiwan dollars, a 1.18% increase compared to the same period last year, marking a new milestone in the company’s history.
In conclusion, the Taiwan Stock Market showed positive momentum today, with strong performances from key players like TSMC and Delta Electronics. The market’s resilience and the continued demand for tech products are likely to drive further growth in the coming months.
