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September 26, 2017

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138 listed firms see record sales in July thanks to expected Apple iPhone launch

With Apple Inc. expected to launch a new iPhone later this year, many local companies supplying Apple have benefited as a result, and up to 138 listed companies saw record revenues in July.

 The number of companies that reached new records in July is higher compared with the previous month and the previous year. In June, 109 listed companies made a new sales record. In July last year, 129 companies hit new records.

 Analysts said that the introduction of the iPhone 6 is driving up demand for power amplifiers and wafer foundries, and this was reflected in companies' July financial statement. Analysts are also optimistic about firms' future performance, and forecast that listed their performance will become better every month down the road.

 Nevertheless, not all financial figures point in the positive direction. Revenues of listed companies totaled NT$2.54 trillion, which was a NT$20 billion or 0.7-percent decline from June. This in fact fell out of institutional investors' expectations.

 Analysts believe that this is the result of falling revenues reaped by Hon Hai Group (鴻海), Compal Electronics Inc. (仁寶) and Wistron Corp (緯創).

 Among the companies that hit new sales records, many of them are semiconductor firms, including Taiwan Semiconductor Manufacturing Co. (台積電), Vanguard International Semiconductor Co. (世界先進), Chipbond Technology Corp. (頎邦科技) and King Yuan Electronics (京元電).

 Other mobile parts and components companies such as Largan Precision Co. (大立光), Weltrend Semiconductor, Inc. (偉詮電) and Advanced Wireless Semiconductor (宏捷科) have also outperformed in July.

 Convenience stores such as President Chain Store Corp. (統一超) and FamilyMart Co. (全家) that reflect local demand, also had a good performance in July.

 Non-tech firms such as Nanya Technology Corporation (南亞科) and Ta Chen International (大成鋼) and various textile and raw material companies also saw revenues grow over the month.

Rosy Path Ahead for Apple Concept Stocks 

 According to market analyst Chen Zhong-rui (陳忠瑞), changes across industries around the world have fueled the growth momentum of Apple's suppliers, 4G concept firms, machinery manufacturers and computer companies since August.  

 Chen expects Apple concept stocks will remain in the high for the rest of the year. Furthermore, prices of other local stocks will continue to climb every month, Chen said, adding that the growth momentum will be closely related to raw material prices and the global economy.

 Kevin Lin (林成蔭), vice president of Caizischool Co. Ltd., echoed that Apple's demand will benefit upstream companies that focus on parts and components production and midstream firms that specialize in camera lenses and batteries, as well as downstream firms that perform assembly work. Lin said that he expects Apple concept firms to outperform until October.

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