精選觀點 & Webinar
Can you trust the numbers reported by all Chinese listed corporations? Absolutely not. But that doesn't mean smart beta can't generate alpha. With help from our friends at Rayliant, we dive into a factor metric that allows us to deprioritize earnings manipulators and to generate alpha from their efforts.
Jan 17, 2017
Premia 圖說
賴子健 , CFA
CFA
Taiwan equities have almost fully recovered from July’s sharp selloff and are on track to challenge new highs as the global AI trade regains momentum. Foreign investors turned net buyers during the first 10 trading days of August, accumulating USD1.7bn, reflecting renewed confidence in Taiwan’s technology-led growth outlook. With the market’s leading technology companies continuing to deliver strong earnings and benefiting from sustained AI investment, Taiwan remains well positioned to participate in the next leg of the global AI upcycle. TSMC reported a 45% year-on-year increase in monthly sales, underscoring resilient AI hardware demand despite market volatility. The global chipmaking leader also raised its full-year capital spending and revenue projections, reflecting confidence that robust demand for AI chips will extend into 2027 and beyond. MediaTek’s 2026 outlook has strengthened following robust 2Q results, with structural growth drivers broadening from premiumization to diversification. A richer high-end smartphone mix and growing demand for custom AI silicon could help reaccelerate sales growth in 2027–28. Delta Electronics reported a 47.7% jump in July sales, driven by rising demand for server-related power-supply products. Increasing AI server power consumption, higher efficiency requirements and the shift toward higher-density racks should sustain demand for advanced power solutions, raising Delta’s content per rack and improving revenue quality. ASE Technology also reported 43.2% growth in July revenue, supported by rapid expansion in advanced chip packaging. Its Fan-Out Chip-on-Substrate technology, which connects chips without requiring a large silicon interposer, offers an attractive performance-to-cost proposition versus TSMC’s interposer-based CoWoS. For investors seeking broad exposure to Taiwan’s technology supply chain, the Premia FTSE TWSE Taiwan 50 ETF offers a useful vehicle. Its underlying index provides diversified exposure to Taiwan’s 50 largest companies and has outperformed major Taiwan equity benchmarks year-to-date, offering investors a broad-based way to participate in the continued expansion of the AI ecosystem.
Aug 19, 2026
