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Market strategyMORE

Date/ Category / Title Category Title Analyst Ticker / Company Click
2026-01-22 / DAILY Navigator KGI Taiwan Daily Navigator – 20260122 Analyst:Taiwan Research /   DAILY Navigator KGI Taiwan Daily Navigator – 20260122 Taiwan Research 1
2026-01-21 / DAILY Navigator KGI Taiwan Daily Navigator – 20260121 Analyst:Taiwan Research /   DAILY Navigator KGI Taiwan Daily Navigator – 20260121 Taiwan Research 3
2026-01-20 / Economics Taiwan Economy: January export orders to surge 50% YoY on strong demand; further supported by a favorable base effect Analyst:Carl Liu、Karen Yu /   Economics Taiwan Economy: January export orders to surge 50% YoY on strong demand; further supported by a favorable base effect Carl Liu、Karen Yu 3
2026-01-20 / DAILY Navigator KGI Taiwan Daily Navigator – 20260120 Analyst:Taiwan Research /   DAILY Navigator KGI Taiwan Daily Navigator – 20260120 Taiwan Research 3
2026-01-19 / DAILY Navigator KGI Taiwan Daily Navigator – 20260119 Analyst:Taiwan Research /   DAILY Navigator KGI Taiwan Daily Navigator – 20260119 Taiwan Research 2

Industry updateMORE

Date/ Industry / Title Industry Title Analyst Ticker / Company Click
2026-01-19 / Electronics PCB sector: Riding several server platform upgrades in 2026F Analyst:Jack Lin / ITEQ(6213)、EMC(2383)、TUC(6274)、FHT(5439)、GCE(2368)、Tripod(3044)  Electronics PCB sector: Riding several server platform upgrades in 2026F Jack Lin ITEQ(6213)、EMC(2383)、TUC(6274)、FHT(5439)、GCE(2368)、Tripod(3044) 3
2026-01-15 / Electronics Radar Monthly IT Hardware: All eyes on GB supply chain in the near-term Analyst:Alex Yu、Angela Hsiang、Rob Chang、Yvonney Chen、Mike Liu / BHI (Bizlink)(3665)、Fositek(6805)、DELTA(2308)、QCI(2382)、Chenbro(8210)、AVC(3017)、Wistron(3231)  Electronics Radar Monthly IT Hardware: All eyes on GB supply chain in the near-term Alex Yu、Angela Hsiang、Rob Chang、Yvonney Chen、Mike Liu BHI (Bizlink)(3665)、Fositek(6805)、DELTA(2308)、QCI(2382)、Chenbro(8210)、AVC(3017)、Wistron(3231) 4
2026-01-10 / Electronics IT Hardware: GB shipments growth in 4Q25; 2026 outlook to brighten Analyst:Angela Hsiang、Yvonney Chen / Wiwynn(6669)、Hon Hai(2317)、Wistron(3231)、QCI(2382)  Electronics IT Hardware: GB shipments growth in 4Q25; 2026 outlook to brighten Angela Hsiang、Yvonney Chen Wiwynn(6669)、Hon Hai(2317)、Wistron(3231)、QCI(2382) 9
2026-01-14 / Semiconductor Radar Monthly Semiconductor: TSMC’s earnings call this week to focus on AI outlook Analyst:Serena Hsu、Pius Wu、Hanhsuan Shen、Leon Chen、Lucas Liu、Felix Pan / MPI(6223)、Alchip(3661)、Kinik(1560)、TSMC(2330)、(AVGO US)、Aspeed(5274)、(NVDA US)、GUC(3443)、(ADI US)、WEC(2344)  Semiconductor Radar Monthly Semiconductor: TSMC’s earnings call this week to focus on AI outlook Serena Hsu、Pius Wu、Hanhsuan Shen、Leon Chen、Lucas Liu、Felix Pan MPI(6223)、Alchip(3661)、Kinik(1560)、TSMC(2330)、(AVGO US)、Aspeed(5274)、(NVDA US)、GUC(3443)、(ADI US)、WEC(2344) 12
2026-01-14 / Electronics Networking sector: 2026 optical communications – 1.6TbE as a strategic battleground Analyst:Jackson Chiang、Kenny Hsu / IET(4971)、Accton(2345)、Truelight(3234)、ELASER(3450)、GCS(4991)、LandMark(3081)、LuxNet(4979)、VPEC(2455)、Win(3105)、Ichia(2402)  Electronics Networking sector: 2026 optical communications – 1.6TbE as a strategic battleground Jackson Chiang、Kenny Hsu IET(4971)、Accton(2345)、Truelight(3234)、ELASER(3450)、GCS(4991)、LandMark(3081)、LuxNet(4979)、VPEC(2455)、Win(3105)、Ichia(2402) 7

Company updateMORE

Date/ Title Title Analyst Ticker / Company Click
2026-01-21 / Industry Unimicron (3037 TT): 4Q25 earnings to improve significantly on higher utilization rates & prices Analyst:Jack Lin / Unimicron(3037)  Unimicron (3037 TT): 4Q25 earnings to improve significantly on higher utilization rates & prices Jack Lin Unimicron(3037) 2
2026-01-21 / Industry Makalot Industrial (1477 TT): Poised to benefit from World Cup-related product initiatives Analyst:Jenny Liu、Eden Chang / Makalot(1477)  Makalot Industrial (1477 TT): Poised to benefit from World Cup-related product initiatives Jenny Liu、Eden Chang Makalot(1477) 1
2026-01-21 / Industry Nan Ya PCB (8046 TT): December earnings beat on product price hikes Analyst:Jack Lin / N.P.C(8046)  Nan Ya PCB (8046 TT): December earnings beat on product price hikes Jack Lin N.P.C(8046) 2
2026-01-21 / Industry Yield Microelectronics (6423 TT): Reigniting growth engine Analyst:Serena Hsu、Felix Pan / YMC(6423)  Yield Microelectronics (6423 TT): Reigniting growth engine Serena Hsu、Felix Pan YMC(6423) 1
2026-01-20 / Industry Chunghwa Telecom (2412 TT): 4Q25 earnings slightly beat Analyst:Fan-Jen Tseng、Hanhsuan Shen / CHT(2412)  Chunghwa Telecom (2412 TT): 4Q25 earnings slightly beat Fan-Jen Tseng、Hanhsuan Shen CHT(2412) 1

Overseas market strategyMORE

Date/ Category / Title Country Category Title Analyst Ticker / Company Click
2026-01-21 / Strategy Global asset allocation – US strategy: US stocks to consolidate at high levels in 1Q26; look for opportunities in value stocks Analyst:Carl Liu、Karen Yu /   USA Strategy Global asset allocation – US strategy: US stocks to consolidate at high levels in 1Q26; look for opportunities in value stocks Carl Liu、Karen Yu 2
2026-01-08 / Strategy Quantitative perspectives on US equities: Positive on the energy, materials, industrial, consumer discretionary, health care & utilities sectors Analyst:Carl Liu、Karen Yu /   USA Strategy Quantitative perspectives on US equities: Positive on the energy, materials, industrial, consumer discretionary, health care & utilities sectors Carl Liu、Karen Yu 1
2025-12-11 / Economics US economy: December FOMC meeting: Fed delivers anticipated rate cut, surprises with aggressive liquidity injection Analyst:Steven Chen /   USA Economics US economy: December FOMC meeting: Fed delivers anticipated rate cut, surprises with aggressive liquidity injection Steven Chen 1
2025-12-05 / Strategy 2026 global investment outlook: Global economy undergoing mild slowdown; AI theme dominating US equities, while non-US DMs benefiting from structural improvements & earnings upgrades Analyst:Carl Liu、Ethan Chiu、Jessica Hung、Shawn Chen、Steven Chen、Karen Yu /   Global Strategy 2026 global investment outlook: Global economy undergoing mild slowdown; AI theme dominating US equities, while non-US DMs benefiting from structural improvements & earnings upgrades Carl Liu、Ethan Chiu、Jessica Hung、Shawn Chen、Steven Chen、Karen Yu 6
2025-12-05 / Strategy Quantitative perspectives on US equities: Positive on healthcare, industrials, technology, consumer discretionary, consumer staples & energy Analyst:Carl Liu、Karen Yu /   USA Strategy Quantitative perspectives on US equities: Positive on healthcare, industrials, technology, consumer discretionary, consumer staples & energy Carl Liu、Karen Yu 0

Overseas industry updateMORE

Date/ Industry / Title Country Industry Title Analyst Ticker / Company Click
2024-03-26 / Software Internet & software sector: China-theme stocks — Undergoing moderate recovery; share buybacks to increase Analyst:Andrew Cheng、Freddy Chen / Baidu, Inc.(09888)、(PDD US)、Bilibili Inc.(09626)、Alibaba Group Holding Limited(09988)、Tencent Holdings Limited(00700)、Meituan(03690)  Hong Kong Software Internet & software sector: China-theme stocks — Undergoing moderate recovery; share buybacks to increase Andrew Cheng、Freddy Chen Baidu, Inc.(09888)、(PDD US)、Bilibili Inc.(09626)、Alibaba Group Holding Limited(09988)、Tencent Holdings Limited(00700)、Meituan(03690) 15
2024-03-19 / Technology US technology sector: Nvidia GTC 2024: New GPU platforms, software & robots Analyst:Derek Chang、Angela Hsiang、Alex Yu / AURAS(3324)、AVC(3017)、Hon Hai(2317)、Wiwynn(6669)、Wistron(3231)、QCI(2382)、(NVDA US)  USA Technology US technology sector: Nvidia GTC 2024: New GPU platforms, software & robots Derek Chang、Angela Hsiang、Alex Yu AURAS(3324)、AVC(3017)、Hon Hai(2317)、Wiwynn(6669)、Wistron(3231)、QCI(2382)、(NVDA US) 10
2023-12-13 / Software Internet & software: 2024F outlook for Chinese internet stocks: Seeking growth opportunities through overseas expansion Analyst:Andrew Cheng、Freddy Chen / (PDD US)、Meituan(03690)、Tencent Holdings Limited(00700)、(BABA US)、(BILI US)、(BIDU US)  Hong Kong Software Internet & software: 2024F outlook for Chinese internet stocks: Seeking growth opportunities through overseas expansion Andrew Cheng、Freddy Chen (PDD US)、Meituan(03690)、Tencent Holdings Limited(00700)、(BABA US)、(BILI US)、(BIDU US) 3
2023-09-11 / Semiconductor Semiconductor sector: Huawei return to 5G market a promising event? Analyst:Michael Liu、Derek Chang、Josh Huang、Lucas Liu / (AAPL US)、(QCOM US)、TSMC(2330)、MediaTek(2454)、Semiconductor Manufacturing International Corporation(00981)  Global Semiconductor Semiconductor sector: Huawei return to 5G market a promising event? Michael Liu、Derek Chang、Josh Huang、Lucas Liu (AAPL US)、(QCOM US)、TSMC(2330)、MediaTek(2454)、Semiconductor Manufacturing International Corporation(00981) 2
2023-08-30 / Software Internet & software sector: China-themed stocks – Precision subsidies crucial to future recovery Analyst:Andrew Cheng、Freddy Chen / (PDD US)、Meituan(03690)、Baidu, Inc.(09888)  Hong Kong Software Internet & software sector: China-themed stocks – Precision subsidies crucial to future recovery Andrew Cheng、Freddy Chen (PDD US)、Meituan(03690)、Baidu, Inc.(09888) 3

Overseas company updateMORE

Date/ Title Country Title Analyst Ticker / Company Click
2025-02-26 / Industry Tempus AI (TEM US): Generative AI brings back glory of the genomic era Analyst:Albert Chen、Sean Sun /   USA Tempus AI (TEM US): Generative AI brings back glory of the genomic era Albert Chen、Sean Sun 4
2024-01-25 / Industry Tesla (TSLA US): Technological edge unchanged; earnings tamed in 2024F Analyst:Jennifer Liang / (TSLA US)  USA Tesla (TSLA US): Technological edge unchanged; earnings tamed in 2024F Jennifer Liang (TSLA US) 10
2024-01-25 / Industry Takeaway:Tesla (TSLA US) Analyst:Jennifer Liang / (TSLA US)  USA Takeaway:Tesla (TSLA US) Jennifer Liang (TSLA US) 3
2023-10-19 / Industry Tesla (TSLA.O/TSLA US): Mid- to long-term competitiveness & outlook unchanged Analyst:Jennifer Liang、Terry Lee / (TSLA US)  USA Tesla (TSLA.O/TSLA US): Mid- to long-term competitiveness & outlook unchanged Jennifer Liang、Terry Lee (TSLA US) 6
2023-10-03 / Industry Tesla (TSLA.O/TSLA US): Delivery momentum to resume in 4Q23F Analyst:Jennifer Liang、Terry Lee / (TSLA US)  USA Tesla (TSLA.O/TSLA US): Delivery momentum to resume in 4Q23F Jennifer Liang、Terry Lee (TSLA US) 8