Focus Stocks》Chunghua Dian: Taiwan stocks plunged at an epic level, legal entities sold more than 8,400 shares yesterday
Chunghwa Power's net profit after tax in September was 4.44 billion yuan, with earnings per share of 0.57 yuan, regaining the top spot among the three telecom giants in single-month profits
Quick Look
- Taiwan stocks suffered an epic plunge today, reaching a point of more than 3,700 points at one point.
- Although telecommunications stocks were not immune, they were relatively resilient.
- Chunghwa Electronics had fallen to 156.5 yuan in early trading.
AI-generated summary
Why It Matters
Taiwan stocks suffered an epic plunge today, reaching a point of more than 3,700 points at one point. Telecom stocks, as a safe haven for funds, were also dragged down, but the decline was relatively small. In September, Chunghua Electronics' consolidated revenue was 24.4 billion yuan, and its net profit after tax was 4.44 billion yuan. The after-tax earnings per share were 0.57 yuan, beating Taiwan's largest company of 0.48 yuan. It regained the single-month profit king among the three telecom companies. The cumulative EPS from January to September was 4.25 yuan, second only to Taiwan's largest EPS of 4.26 yuan.
Jian Zhicheng, Chairman of Chunghwa Telecom. (Photo by reporter Wang Yihong)
[Reporter Wang Yihong/Report from Taipei] Taiwan stocks suffered an epic plunge today, with a drop of more than 3,700 points at one point. Telecom stocks, which are known as safe havens for funds, were not immune to the disaster. However, the stock prices of the three major telecom companies fell between 2-4% in early trading, which was relatively small. Telecom leader Chunghwa Electronics (2412) once fell to 156.5 yuan in early trading today. As of 9:41, the drop point converged to a drop of 2.5 yuan, and was temporarily quoted at 159 yuan. The decline narrowed to 1.55%, with a trading volume of more than 6,400 contracts.
Chunghua Electronics' self-consolidated revenue in September was 24.4 billion yuan, and its net profit after tax was 4.44 billion yuan. The after-tax earnings per share reached 0.57 yuan, beating Taiwan's largest company of 0.48 yuan. It regained the single-month profit king among the three telecom giants. The cumulative EPS from January to September was 4.25 yuan, second only to Taiwan's largest EPS of 4.26 yuan.
Foreign investors bought 4,839 shares of Chunghwa Telecom yesterday, buying 2 in a row, and bought 2,336 shares in a row, buying 4 in a row. The three major legal persons bought a total of 8,423 shares.
What to Watch
AI outlook — possibilities, not facts
Chunghwa Power's share price may remain relatively stable in the short term, supported by overbuying by the three major legal entities.
Possible · Within days
Open Questions
- What is the specific reason for the sharp decline in Taiwan stocks?
- Will Chunghwa Power’s share price rebound in the future?
- Will the overbuying of the three major legal entities continue?
