Yuanta Investment Consulting is positive on quartz-component leader TXC, benefiting from AI high-speed transmission upgrades and strong automotive demand. 3Q26 revenue reaches 42億元, up 20% year-on-year, with EPS estimated at 2.07元. 4Q26 momentum remains strong, and in 2027 the AI share will rise to 23%, surpassing mobile phones. Buy rating maintained with a target price of 236元.
Taiwan Stocks
Taiwan Mobile's tender offer for Systex Information runs until November 5 with no further extension. Jamie Lin said progress is good and expressed strong confidence in clearing the minimum threshold, and viewed the valuation gap with Chunghwa Telecom in terms of profit growth. Final results will be subject to announcement after the deadline.
Taiwan actively managed ETF assets reached 9947億元, approaching the 兆元 mark, with Taiwan-equity funds accounting for over eighty percent and remaining the core, cross-border bonds surging nearly 40% in a single quarter, global funds simultaneously shifting toward developed markets, diversified allocation becoming the new trend, and the investment map going global
Benefiting from strong server DRAM orders and rising prices, a local institution is optimistic about DDR4 leader Nanya Technology entering a boom, reiterating a Buy rating and raising the target price to NT$570 based on 2027 book value per share of NT$230.7 and a 2.5x price-to-book ratio.
Taiwan stocks swung 908.78 points intraday on the 27th, closing up 54.8 points at 46096.23. The three major institutional investors sold over 1 trillion in October, with short positions exceeding 80000 contracts, while government funds bought for 12 straight days. Du Jinlong said the primary advance remains intact, naming heavyweights and memory stocks to buy on dips.
Wiwynn's September and third-quarter revenue far beat expectations, driven by strong shipments of Meta general-purpose servers and AWS T3 air-cooled racks. The brokerage raised its 2026 and 2027 revenue and EPS forecasts, and derived a target price of 3010 yuan based on a 12.5x P/E ratio.
2026 and 2027 Taiwan stock EPS growth is estimated at 67.2% and 29.7%, with a still-optimistic outlook. US September CPI rose to 3.7% and oil prices topped 100 US dollars, dragging Taiwan stocks below 47,000 points. October to November is expected to be volatile, with room for small- and mid-cap niche stocks to perform.
According to CSD statistics through October 16, 22 of 86 Taiwan equity ETFs saw beneficiaries hit record highs, with passive funds accounting for 18. Six funds doubled on a one-year total-return basis, with semiconductor ETFs leading in both popularity and performance. Institutional investors are optimistic about basing near the quarterly moving average followed by a rebound.
TSMC ADR surges nearly 2%, driving Taiwan night session up 600 points. Market reports CoWoS advanced packaging prices may rise 10% to 20%, investment trusts post 11 straight buys totaling 1799.69 hundred million yuan, Ye Yushuo says bullish momentum comes from TSMC and domestic funds.
Taiwan stocks staged a roller-coaster session on the 27th, with a full-day high-low spread of 908.78 points, closing up 54.8 points at 46096.23 points on volume of 9765.47億元, as analyst Zhou Daiyun cautioned against chasing hastily and advised watching three signals before entering.
Advantech opened its new North America headquarters in Tustin, California on October 20 (U.S. time), followed by a technology summit on October 21 with partners including AMD focused on edge computing, strengthening local system integration and services to accelerate Edge AI deployment across vertical industries.
A local investment advisor maintains a Buy rating on TXC and raises the target price to NT$236, optimistic that 800G and 1.6T optical modules will drive high-frequency quartz demand, forecasts 2027 EPS of NT$8.44, with AI revenue share expected to reach 23%, surpassing handsets.
Foreign outlets remain upbeat on continued AI infrastructure expansion, with TSMC benefiting from advanced-process demand; about 70% of Q3 revenue came from high-performance computing, with a scenario putting its 2030 market value at US$6.5 trillion.
Taiwan stocks opened high and moved lower on the 27th, closing up 54.8 points at 46096.23 points, with turnover of NT$9765.47 hundred million. Guo Zherong said the volatility stemmed from geopolitics pushing up funding costs, not a deterioration in fundamentals, stressing that the fourth quarter has the highest win rate for bulls and naming old AI and low-base stocks.
Waterland Futures' trading system reported a duplicate execution-report anomaly, with 116 accounts affected. The accounting system was fixed in the early hours of the 23rd. The FSC said the TAIFEX will conduct an on-site inspection on the 28th, with a maximum fine of NT$2.4 million for any internal-control violations.
Fubon Taiwan 50 (006208) is expected to split 1-for-8, with a unitholders' meeting on December 18 to vote. If approved, the board-lot threshold will fall to around 30,000, with total market value unchanged. Buy by November 16 to be eligible to vote. The July dividend of 4.75 hit a record high, with another ex-dividend in November to watch.