Investment Trusts and Government Funds Jointly Add 19 Stocks
Taiwan stocks have seen heightened volatility recently, with investors refocusing on fundamentals and institutional flows. Counting investment trust and eight major government-owned banks' net buying and selling last week from November 2 to 6, and cross-checking against the October record-revenue list, at least 19 stocks received simultaneous net buying, including Hon Hai, Macronix, EMC, Unimicron, Phison and Quanta just announced on the 9th, showing funds continue to position in growth-momentum electronics stocks.
Hon Hai Tops Investment Trust Net Buying Champion
Investment trust buying last week was led by Hon Hai 6158 lots, Quanta 5830 lots in second, Zhen Ding-KY 3490 lots, Unimicron 2270 lots, Asia Vital Components 1753 lots ranking third to fifth, concentrated in AI servers, electronic manufacturing services, PCB and cooling chains. Government funds favored Macronix most, with net buying of 10904 lots over the past five days, followed by Hon Hai 3225 lots, Quanta 2234 lots, KYEC 2207 lots and Kinsus 2180 lots, showing more pronounced positioning in memory. Taiwan stocks rebounded strongly today, with Macronix, Phison, Asia Vital Components hitting limit-up, closing at 83.3, 1650, 2540 respectively, Hon Hai up 6.46%, EMC up 6.54%, Global Unichip up 8.06%.
Memory and PCB Revenue Surge
By growth rate, Etron led with October revenue of 24.2 billion, up 417.33% year-on-year, Phison 315.3 billion, up 346.27% in second, Macronix 84.13 billion, up 217.19% in third, with strong memory momentum. In the PCB chain, EMC 244.73 billion, up 203.08% year-on-year, ITEQ up 127%, Elite Material up 119.53%, Global Unichip up 126.96%. EMC received about 19.17 billion in net buying from government funds, Unimicron about 13.58 billion, with continued support for high-priced electronics stocks.
Quanta and Hon Hai Lead by Revenue Scale
Quanta October consolidated revenue was 3532.5 billion, up 8.6% month-on-month and 104% year-on-year, continuing a record high for the same period; Gigabyte 670.36 billion, up 6.24% month-on-month and 136.72% year-on-year, also doubling. Hon Hai October revenue was 1.31 trillion, up 45.73% year-on-year, the largest among the 19 stocks; Asia Vital Components 221.03 billion, up 34.35% year-on-year. Overall spanning memory, PCB, AI servers and semiconductor chains, but record revenue does not equal record profit, and follow-through buying and gross margin performance need to be watched.