KMT Chairman Zheng Liwen. (File photo)
[Instant News/Comprehensive Report] KMT Chairman Cheng Lai-wen recently said that even if the Taiwan stock market challenges 50,000 points, "it will only be superficial prosperity." She even bluntly said that Taiwan's "roots and heart are almost rotten," triggering discussion from the outside world. Xie Jinhe, chairman of Caixun Media, pointed out that the market value of Taiwan's stock market has become larger, companies have more cash on hand, and they are increasingly able to go global, and Taiwan's companies have also entered the international stage! He also emphasized, "Chairman Zheng, you have underestimated Taiwan!" and "Taiwan is not bad, Taiwan's enterprises are stronger!"
Xie Jinhe posted a post on Facebook with the title "Chairman Zheng, you underestimate Taiwan!" He pointed out that the Taiwan stock market reached 48,000, just shy of challenging the 50,000 mark! After the correction of South Korea's double leverage, the Taiwan stock market and the U.S. stock market Nasdaq are the two markets in the world that have hit record highs. Yesterday, the total market value of the Taiwan stock market reached NT$154.92 trillion, about 5.3 trillion U.S. dollars. Ranking fourth in the world, only the United States, China and Japan are ahead of Taiwan. South Korea's 4.55 trillion U.S. dollars is still 750 billion U.S. dollars behind Taiwan.
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Xie Jinhe said that on the way to 50,000 points in the Taiwan stock market, KMT Chairman Cheng Li-wen said that the 50,000 points in the Taiwan stock market were just superficial and Taiwan was about to rot! After hearing this sentence, I wonder how everyone feels! In fact, this is the hard work of everyone living in Taiwan!
Xie Jinhe analyzed that looking back at the path Taiwan stocks have taken, in the first year Xiaoying took office, the market value of Taiwan stocks was NT$27 trillion, NT$36 trillion in 2019, NT$45 trillion in 2020, NT$56.84 trillion in 23, and now it has jumped to NT$154.32 trillion. There are 22 companies in Taiwan with a market value of more than NT$1 trillion. The increase in market value has also allowed Taiwanese companies to bravely go global.
Xie Jinhe mentioned that yesterday Taiwan Cement announced the acquisition of Ukraine's second largest cement company for 750 million euros to lay out and rebuild business opportunities. Last week, Winbond Electronics announced that it would acquire the NOR Flash and F-RAM businesses of Germany's Infineon for US$1.12 billion and would reuse the Spansion brand. This is a concrete move by Taiwanese companies to go global.
Xie Jinhe also pointed out that Huida recently spent US$3.5 billion to acquire MediaTek's convertible bonds, causing MediaTek's stock price to rise to 5,480 yuan. MediaTek's market value is NT$8.3 trillion, approximately US$262.2 billion, which has far surpassed Qualcomm and firmly established itself as a world-class company.
Xie Jinhe bluntly said that the market value of Taiwan's stock market has increased, and the strength of corporate reinvestment has doubled. TSMC's capital expenditure this year is 64 billion U.S. dollars, and next year it will be at least 85 billion U.S. dollars, and may be as high as 120 billion U.S. dollars. ASE's capital expenditure this year is 10.5 billion U.S. dollars, and Taiwan is competing for land to build factories. KYEC has a capital expenditure of NT$50 billion and plans to build a factory in the United States.
Xie Jinhe emphasized that Taiwan stocks are rising steadily, corporate profits are rising, and companies are brave enough to reinvest, and they are increasing their investment on the track of AI innovation. Everyone strives to pursue new technologies and continue to grow. Take wafer probe cards as an example. In the past, this industry was dominated by Japan and Italy. Wangsi obtained technology authorization from Japan's MJC. Now Wangsi is 10 times larger than the MJC standard. Italy's Technoprobe was also surpassed by Taiwan.
Xie Jinhe reiterated at the end of the article that the market value of Taiwan's stock market has become larger, the cash on hand of enterprises has increased, the market value has become larger, and they are increasingly able to go global, and Taiwan's enterprises have also entered the international stage! Taiwan is not bad, Taiwan’s enterprises are stronger!
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