Taipei-Yahoo Finance app revealed Monday the 10 most-watched Taiwanese stocks of 2019 by its users, all of which are in the electronics sector, with iPhone assembler Hon Hai Precision Industry Co. and contract chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC) ranked in the first and second places in the list.
Yahoo Finance picked this year's top 10 stocks based on view counts of Taiwanese stocks on its app between Jan. 1 and Dec. 15 this year.
Hon Hai founder Terry Gou (???) decided to hand over the running of his company to an operations committee earlier this year, shaking the market. Meanwhile, strong sales of the new iPhone 11 series and reports that companies in Apple's supply chain are gearing up for mass production of popular AirPods wireless earphones have also spurred a surge in Hon Hai shares, making it the most popular Taiwanese stock.
Meanwhile, TSMC Chairman Mark Liu (???) has said that while overall sales for the global semiconductor industry as a whole are forecast to fall 12 percent this year, TSMC is set to enjoy a substantial revenue increase in 2020, due to the introduction of the 7nm Fin Field-Effect Transistor (FinFET) process technology. Liu's words helped TSMC remain in second place on the list.
Shares of passive components, memorial chips and flat panel manufacturers were also among the top 10 stock picks, with passive component Yageo Corp. and Walsin Technology Corp. placed fourth and fifth, while Macronix International Co., one of Taiwan's leading memory chipmakers took third place.
Coming in the sixth and seventh places were printed circuit board (PCB) makers Unimicron Corp. and Compeq Manufacturing Co., respectively.
Others on the top 10 list were memory chip suppliers Nanya Technology Corp. (eighth) and Winbond Electronics Corp (ninth) and flat panel maker Innolux Corp. (10th).
Source: Focus Taiwan News Channel