Semiconductors Remain Core Holdings
Recently, the Taiwan stock market has been seeking support amid volatility, as local institutions released their latest fourth-quarter investment portfolios. Foundry leader TSMC (2330) is estimated to post EPS of 111.6 yuan this year, up 68.4% year-on-year, with a target price of 3300 yuan; ASE Technology Holding (3711) is estimated to post EPS of 27.3 yuan, with a target price of 820 yuan, remaining core holdings in Taiwan stocks. In IC design and design services, MediaTek (2454) is estimated to post EPS of 157.4 yuan, with a target price of 6000 yuan; Global Unichip (3443) is benefiting from high-performance computing demand, with estimated EPS of 130.2 yuan and a target price of 10000 yuan. Memory makers Nanya Technology (2408) and Winbond (2344) face concerns over capacity expansion by Chinese manufacturers, with estimated EPS of 76.1 yuan and 27.0 yuan respectively, and target prices of 800 yuan and 300 yuan respectively.
AI Hardware Chain Focuses on Thermal Solutions and Materials
AI servers continue to drive hardware demand. Thermal indicator Asia Vital Components (3017) slightly revised down vapor-plate shipments due to unsmooth AWS liquid-cooling cabinet shipments, but estimated EPS still reaches 196.4 yuan, with a target price of 4910 yuan; assembler Wistron (3231) is estimated to post EPS of 18.6 yuan, with a target price of 315 yuan. In power supplies, Lite-On Technology (2301) is estimated to post EPS of 9.6 yuan, with a target price of 350 yuan; Delta Electronics (2308) faced weaker market confidence due to the VICOR patent dispute, with estimated EPS of 40.0 yuan and a target price of 2100 yuan. In high-frequency high-speed PCB materials, Elite Material (2383) is estimated to post EPS of 113.1 yuan, with a target price of 6000 yuan; ITEQ (6213) is estimated to post EPS of 19.1 yuan, with a target price of 750 yuan.
Networking and Niche Groups Show Their Strengths
Among networking and other sub-groups, LandMark Optoelectronics (3081) is estimated to post EPS of 21.8 yuan, with a target price of 3825 yuan; TonSin (6426) is estimated to post EPS of 7.0 yuan, with a target price of 490 yuan; Sigurd Microelectronics (6257) is estimated to post EPS of 9.9 yuan, with a target price of 331 yuan, demonstrating niche strengths.
Traditional Industries and Biotech Advance on Dual Tracks
In traditional industries and biotech, auto parts maker PADA-KY (2236) is estimated to turn from loss to profit with EPS of 0.9 yuan this year, with a target price of 160 yuan; Jhihshen (4551) is estimated to post EPS of 10.8 yuan, with a target price of 250 yuan. Biotech new-drug duo PharmaEssentia (6446) is estimated to post EPS of 25.3 yuan on revenue performance, with a target price of 1410 yuan; Bora Pharmaceuticals (6472) is estimated to post EPS of 15.0 yuan, with a target price of 503 yuan. Overall, local institutions' positioning reflects strength begetting strength and trend as king, investors should carefully assess risks and be responsible for their own investment results.