Taiwan stocks closed at 14,261 points last week, rising 129.25 points in a single week, and the weekly line has six consecutive reds. However, foreign capital not only sold more than 20 billion yuan in spot, but also turned into a net short order in the futures market. This was the first time since August 2015. Therefore, we must observe whether foreign capital is backhandedly short and TSMC’s ex-dividend market warm-up performance.
The three major legal entities sold a total of nearly 25 billion yuan in the centralized market last week. Among them, foreign companies sold more than 20 billion yuan, and self-employed companies also sold more than 12 billion yuan. Only investment credit still maintained overbuying, but because of the eight major banks and retail investors Du Mao Jin takes over on dips, so there is a fierce battle between longs and shorts. This Wednesday (12/16) the Taiwan index will be settled. It is expected that long and short Taiwan stocks will face off.
Today’s focus is on TSMC’s ex-dividend of RMB 2.5 on the 17th. Although CLSA warned that due to Apple’s cut orders, the capacity utilization rate of the 5-nanometer process will decline in the first half of 2021. However, the two Chinese securities firms, Tianfeng and Guangfa, both believe that TSMC is advanced The manufacturing process is seasonally adjusted and the situation is not serious. Foreign investors believe that as TSMC’s stock price rises to the 500-yuan mark, the single-quarter cash dividend of 2.5 yuan appears to be smaller and more favorable for dividends. Therefore, as many as 580,000 stockholders will participate in the ex-dividend. TSMC’s ex-dividend market Can be expected.
Hon Hai and Yageo Group signed a strategic alliance agreement at the end of September, and Yageo Group will provide high-quality passive components. Hon Hai formally requested each group to submit a list of purchase amounts and initiate large-scale sourcing of Yageo Group. Not only Yageo, but also Qilishin and Kaimei under Yageo Group have played the important role of “double arrow” and entered Hon Hai Group’s “Preferred Supplier List” PSL)”, will give priority to purchasing its passive components, inductors and other products. The stock price performance of Yageo Group is worthy of attention.
Chinese non-Apple brands such as Xiaomi, OPPO, vivo, and realme are all launching new phones at the end of the year. The supply chain includes Inventec, AUO, FZK, XinJuke, MediaTek, Jingtech, Duntai, and Zhishen. , Zhending-KY, Huatong, Novatek, etc. are all busy stocking up, and it is expected that the off-season will not be short.
The whole government is actively engaged in real estate speculation, and the Financial Management Committee will proceed in parallel at the end of the year. In addition to requiring banks to strictly control the loans of construction companies’ remaining housing and strengthening financial inspections, they will also adopt a new method of capital provision to increase the cost of bank capital to control bank credit Risks, and to prevent builders from raising the case, the cost of building a case next year will also increase; construction stocks may bear the brunt.
On the whole, Taiwan stocks reached a record high of 14,390 points on December 9, but after climbing nearly 2,000 points from 12,500 in the past month, Taiwan stocks plunged 140 points last Thursday, and it was once on Friday. Below the 10-day moving average support, it is recommended to observe the 5-day and monthly support in the short-term. The layout focus is still on stock selection.
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