[ইউনি-প্রেসিডেন্ট সিকিউরিটিজ মর্নিং নিউজ]Foreign-funded Taiwan index futures picked high single-digit stocks without picking the market

Date: November 12, 2024

※ Disk potential analysis

Foreign-funded Taiwan index futures hit highs with short positions to compete with local funds, working to pick stocks rather than the market, weeding out the weak and holding on to the strong.

*Yesterday’s Board

Impacted by the previous day’s US spending halving and TSMC suspending shipments of advanced chips below 7nm to Chinese customers

Influenced by interest rates, Taiwanese stocks opened lower at 76.14 points and opened at 23477.75 points, once they went back to test the 5-day line during the session.

Driven by multi-party buying, the final index closed below the top red K line. Weighting stock performance, TSMC fell 0.46%,

Hon Hai rose 0.92%, MediaTek rose 1.17%, Quanta rose 0.91%, and Delta Electronics rose 0.25%. Hot plate

Strong stocks in the sector, MiTAC, Bizlian-KY, AES-KY, Jones Day-KY in daily limits, Kincheng, Brand New, Shengming Electric, and Liji

ASRock, Yisheng-K, etc. increased by more than 5%. Weak stocks in the market, dialing, Liwang fell to the limit, huge, Equan,

Phison, Huaxin, KYEC, Xinpu, Jinbao, Huite, Shiquan, etc. fell more than 3%. At the end the index decreased

Up 24.25 points, it closed at 23529.64 points with a trading volume of 356.395 billion yuan. Monitor market movements, three main categories of stocks

Electronics were down 0.08%, Chuanjian 0.11% and Finances down 0.22% overall. In the sub-ethnic segment,

Construction of building materials, green energy and environmental protection, biotechnology and medical care performed well with growth of 2.08%, 1.26% and 1.14% respectively.

.

* Fund trends

The total sales of the three main legal entities exceeded 5.996 billion yuan. Among them, foreign investment sales exceeded 173 million yuan, and investment trust purchases exceeded 2.858 billion yuan.

Self-operated merchants sold more than 8.682 billion yuan. The top five foreign investors are Eva Air, Kai Fund, Inventech and Light-On

The top five vendors of China Airlines are Yangming, UMC, Wanhai, Wistron and AUO. The top five investment trust stocks to buy are United Microelectronics Co., Ltd.

CITIC Gold, South China Gold, AUO, and Mega Gold The top five sellers are KYEC, First Gold, Jingshuo, and Han

Jiang, Dacheng Steel. In terms of securities changes, financing increased by 173 million yuan, and the financing balance was 328.851 billion yuan.

10,200 securities were reduced, and the securities loan balance was 313,000 securities. For foreign-invested Taiwan index futures positions, short orders increased by 5,732 and cleared a single position.

Bit 51698. Borrowed bond sales amounted to 13.334 billion yuan. Ratio of Stock Transactions: Electronics 67.77%, Transmission Industry

29.47%, Finance 2.76%.

※Today’s market situation analysis

The US presidential election is over, and it is expected to return to basic performance. America’s latest secret consumer

Confidence rose to a new high in nearly seven months, while one-year inflation expectations fell to 2.6%, indicating that the Federal Reserve will continue to cut interest rates.

As inflation cools, combined with corporate investment and a stable labor market, people’s willingness to consume will increase in the future, which is beneficial.

Peak season consumer demand.

The analysis of Taiwan’s stock market outlook is as follows: First, because silicon photonics technology is easily transferred to military purposes, recently the US public

The Special Committee on China, made up of members from both sides of the House of Representatives, has requested the Ministry of Commerce to review the development of silicon photonics technology in China.

The technology may pose a threat to US national security and a briefing must be submitted by December 1, 2024.

Following the AI ​​chip, the US has once again launched a key technology probe into China that is expected to impose restrictions on Taiwanese manufacturers if sanctions are indeed imposed.

Relevant supply chains will benefit.

Second, the latest data from the China Passenger Car Association showed that China’s passenger car sales in October were 2.261 million units, an annual increase.

The sales rate is 11.3% from this year, the cumulative sales volume is 17.835 million vehicles, with an annual growth rate of 3.2%, while the new energy vehicle sales volume is 1.369 million units.

Vehicles, an annual increase of 55.2% to 9.279 million vehicles in the first 10 months, an annual increase of 36.5% exceeded 50% for the first time.

Shows that under the old-new principle, it not only increases the demand for automobiles, but also continues the high popularity of new energy vehicles.

growth, which is conducive to the growth momentum of Taiwanese manufacturers of related automotive components.

Third, from the technical perspective of Taiwan stocks, after returning to the monthly moving average on November 6, the index continued above the 5-day moving average.

Despite negative news about the intensification of the tech war between China and the US, it pulled back to test the 5-day moving average on Monday and then pulled a lower lead.

This shows that the bearish buy order is not weak, and the RSI and KD indicators are still above 50 and the MACD column is gradually converging,

The index is expected to show a range-bound pattern, and changes in trading volume and short foreign futures orders will be observed in the future.

Fourth, the market funds AI server/chassis, related to Tesla electric vehicle, optical communication/silicon photonics,

Netcom-related products and motherboards performed strongly, including MiTAC, Qincheng, Shengmingdian, Bizlian-KY, AES-KY,

Jones Day-KY, Brand New, Lizzy, ASRock, etc. performed strongly.

※Investment strategy

After uncertainty over the US presidential election dissipates and Trump celebrates his “full power”, markets will bounce back

basic As the Federal Reserve continues to cut interest rates, inflation has cooled, and the US job market has stabilized, consumer confidence has reached new highs.

A new high in the last seven months will help boost consumer demand in the future. Judging from historical experience, US stocks tend to fluctuate from November to January of the following year.

This is usually a period of better performance in a year, which is beneficial for the year-end accounting market for Taiwanese stocks. However, foreign futures short orders hit a record five

Combined with US technology sanctions and geopolitical uncertainty at a record high of 10,000 people, Taiwan’s stock market is expected to remain range-bound.

Mainly; In terms of operations, it is advised not to chase it too much, pull the lows in the batch, eliminate the weak and keep the strong, and choose the stock rather than the market.

In terms of direction, TSMC is related to, AI concept stock, IC design, graphics card, container aviation, shoe manufacturing and life insurance and other families.

mainly groups.