Investors in the credit industry said that the current stock price has become more reasonable. It is estimated that the market outlook of Taiwan stocks will rise more than fall, and they are optimistic about the market of Taiwan stocks in January.

(Photo by reporter Wang Menglun)

[Reporter Wang Menglun/Taipei Report] Taiwan stocks rose by 86.43 points yesterday, bringing a new atmosphere for the new year. Unexpectedly, they immediately fell by 24.99 points today. It seems that there is still a change in the "red envelope market in January"?

Investors in the credit industry said that the interest rate hike is coming to an end, and the negative impact on the stock market is expected to gradually fade. In addition, the stock price has become more reasonable. It is estimated that the probability of an upward trend in the Taiwan stock market is higher than that of a downward trend. It is recommended to take advantage of the pullback in the first quarter to bargain Choose the best layout.

The Taiwan stock market fluctuated within a narrow range today (4th), closing at 14,199.13 points. Among them, foreign-funded legal persons (excluding foreign-funded self-employed traders) stood on the seller's side, and the oversell amount was 5.593 billion yuan.

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Is there any change in the Taiwan stock market in January?

Taishin Investment Trust said that looking forward to the market outlook, the global economy has entered a period of adjustment, and it is estimated that the industrial adjustment will end before the first half of 2023. However, as the economy slows down, it is estimated that the FED’s strong interest rate hike forecast will come to an end, and the interest rate will be raised in December The range of 2 yards has slowed down. In 2023, it is expected that the Fed may only rise by 1 yard in each meeting, and the negative impact on the stock market is expected to gradually fade.

Wu Jixian, manager of Taishin Taiwan's small and medium-sized funds, said that the correction in the fourth quarter of last year was higher than market expectations, but the stock prices of individual stocks were "up more than they fell." Exhausted.

Wu Jixian pointed out that overall, the interest rate hike is coming to an end, the most drastic industrial adjustment period has passed, and the stock price has become more reasonable, so there are conditions for Taiwan stocks to rebound.

In terms of stock selection strategy, Taishin Investment Trust recommends that the layout can be based on three major groups: 1. Select semiconductor niche stocks that still have a chance to grow, such as IP & ASIC, testing, mask foundry, etc.; 2. Server-related, optimistic In 2023, blue-chip stocks with a niche for shipment growth and content advantages; third, other niche stocks: such as electronic tags, online games, energy-related, and agricultural and food-related.

Yongfeng Investment Consulting said that the FOMC meeting in the first quarter of 2023 will stop raising interest rates after two more interest rate hikes. In addition, Taiwan stocks have bottomed out technically. Therefore, it is estimated that Taiwan stocks will go through the first wave of rebound from low to high.

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