Should refer to TWD since majority business in Taiwan. But weakening RM means greater profits for many companies operate in overseas. Malaysians suffer with the RM
Taiwan exports rose 18.1% year-on-year in January to US$37.19 billion powered by exports of electronic components related to AI, including chips, officials reportedly said, noting it was the 3rd straight month of year-on-year growth and the best increase in 21-months, media report. Electronic component exports rose 7.5% to $13.67 billion, ending 14 straight monthly declines.
Frontken is a solid fundamental company but it's already price for perfection. It's currently trading at PE 52 and forward PE of 40 for 2025. It's better to purchase it's main customer TSMC directly, which currently trades at PE 23 and forward PE of 19 for 2025
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
zolasteven
69 posts
Posted by zolasteven > 2024-01-11 17:26 | Report Abuse
There must be a reason why it went up quite a lot these few days...anyone knows?