Foreign-funded circles believe that this reveals two messages: First, the focus of the market has shifted from the supply side to the demand side; Second, the demand for the second half of the season is hopeless.
The correction storm from the weak economic conditions in Europe, the United States and China has gradually invaded my technology industry. Yesterday, UMC’s CEO Sun Shiwei turned conservative in the second half of the year, and Taiwan Semiconductor Manufacturing Co. Chairman Zhang Zhongmou saw the semiconductor economy turning conservative; Chairman Cai Ming-Jian also believes that it is difficult for the economy to grow strongly in the second half of the year; Acer is also half full of the year-round tablet computer shipment target.
Zhang Boqi, head of the research department of Macquarie Securities Taiwan, further analyzed that although the technology elders have turned conservative, the situation has not yet reached the point where the overall “bad†or “recession†has turned to a completely bad situation. Some previously revised sub-industries such as laptops (NB) After adjusting for the first half of the year, the stock situation is much better.
Wang Jiashu, head of research at Nomura Securities Taiwan, believes that the economies of the United States, Europe, and China are facing severe challenges. Among them, the unemployment rate in the United States is unlikely to improve in the short term; the European debt problem continues to deteriorate; the follow-up of Greek government bonds that are due to expire at the end of June is uncertain; while China’s inflation continues to be severe and the people’s line is bound to continue raising interest rates; Wang Jiashu pointed out that it is now accepted. Most of them are bad news. The international capital operation mentality will be conservative.
According to Zhang Kaiwei, chief analyst of downstream hardware industry in the Asia-Pacific region of Citigroup Global Markets, who is currently visiting the US market, the customer focus has shifted to the demand side compared with the concerns of the supply chain shortage (demand side) after the 311 earthquake in Japan in the first half of the year. , And it looks like the situation doesn't seem very good.
Zhang Kaiwei said that the earliest demand problems were NB, followed by LCD TVs and white-brand mobile phones. Now even the most promising smart phone needs are "not so good." Most of the elders were at the previous Computex computer show. The optimism is that the tone has now become conservative.
Manish Nigam, head of Asia Credit Technology Research at Credit Suisse Securities, points out that in addition to the US employment data and Greek government bond issues, which are the next observations, individual stocks should be transferred to Hon Hai, Wistron, Xinxing, and Tripod PCs. With the component groups, and avoid Acer and MediaTek.
UMC, Acer, MediaTek, etc. become more conservative over the second half of the year
The super shareholders’ meeting of the Taiwan Stock Exchange will debut on the 15th. Comprehensive Alibaba, Acer, MediaTek, and other technology A-cafés and even front-researchers, such as TSMC and Hon Hai, will not only have low visibility, but also show alarm.