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Market strategyMORE

Date/ Category / Title Category Title Analyst Ticker / Company Click
2026-08-25 / DAILY Navigator KGI Taiwan Daily Navigator – 20260825 Analyst:Taiwan Research /   DAILY Navigator KGI Taiwan Daily Navigator – 20260825 Taiwan Research 4
2026-08-24 / DAILY Navigator KGI Taiwan Daily Navigator – 20260824 Analyst:Taiwan Research /   DAILY Navigator KGI Taiwan Daily Navigator – 20260824 Taiwan Research 4
2026-08-21 / DAILY Navigator KGI Taiwan Daily Navigator – 20260821 Analyst:Taiwan Research /   DAILY Navigator KGI Taiwan Daily Navigator – 20260821 Taiwan Research 4
2026-08-20 / Economics Taiwan Economy: August export orders to grow by 63% YoY, with robust AI demand supporting strong order growth Analyst:Karen Yu、Carl Liu /   Economics Taiwan Economy: August export orders to grow by 63% YoY, with robust AI demand supporting strong order growth Karen Yu、Carl Liu 3
2026-08-20 / DAILY Navigator KGI Taiwan Daily Navigator – 20260820 Analyst:Taiwan Research /   DAILY Navigator KGI Taiwan Daily Navigator – 20260820 Taiwan Research 8

Industry updateMORE

Date/ Industry / Title Industry Title Analyst Ticker / Company Click
2026-08-20 / Electronics Radar Monthly IT Hardware: Strong AI server demand intact in 2H26-2027F Analyst:Angela Hsiang、Alex Yu、Rob Chang /   Electronics Radar Monthly IT Hardware: Strong AI server demand intact in 2H26-2027F Angela Hsiang、Alex Yu、Rob Chang 6
2026-08-19 / Transportation Container shipping sector: European shippers raise full-year guidance Analyst:Tommy Lai / WANHAI(2615)、EMC(2603)、YMTC(2609)  Transportation Container shipping sector: European shippers raise full-year guidance Tommy Lai WANHAI(2615)、EMC(2603)、YMTC(2609) 4
2026-08-17 / Financial Financial sector: Intensified capital market volatility dragged down July earnings Analyst:Eric Shih / TS Holdings(2887)、Fubon Financial(2881)、SCSB(5876)、CTBC Holding(2891)、SINOPACHOLDINGS(2890)  Financial Financial sector: Intensified capital market volatility dragged down July earnings Eric Shih TS Holdings(2887)、Fubon Financial(2881)、SCSB(5876)、CTBC Holding(2891)、SINOPACHOLDINGS(2890) 5
2026-08-13 / Semiconductor Radar Monthly Semiconductor: Let’s talk about free cash flow & market concerns Analyst:Felix Pan、Vera Wang、Pius Wu、Hanhsuan Shen、Serena Hsu、Lucas Liu / GUC(3443)、ASEH(3711)、GWC(6488)、NTC(2408)、MediaTek(2454)、HON(7769)、Chipbond(6147)、UMC(2303)、WEC(2344)、WinWay(6515)、TSMC(2330)、Alchip(3661)  Semiconductor Radar Monthly Semiconductor: Let’s talk about free cash flow & market concerns Felix Pan、Vera Wang、Pius Wu、Hanhsuan Shen、Serena Hsu、Lucas Liu GUC(3443)、ASEH(3711)、GWC(6488)、NTC(2408)、MediaTek(2454)、HON(7769)、Chipbond(6147)、UMC(2303)、WEC(2344)、WinWay(6515)、TSMC(2330)、Alchip(3661) 7
2026-08-13 / Consumer Radar Monthly Consumer: Inflation concerns continue to dictate consumer spending Analyst:Angus Chuang、Eden Chang、Jenny Liu、Tommy Lai / Visco(6782)、CAL(2610)、VF(4771)、Giant(9921)、EVAAIR(2618)、MIC(9914)  Consumer Radar Monthly Consumer: Inflation concerns continue to dictate consumer spending Angus Chuang、Eden Chang、Jenny Liu、Tommy Lai Visco(6782)、CAL(2610)、VF(4771)、Giant(9921)、EVAAIR(2618)、MIC(9914) 4

Company updateMORE

Date/ Title Title Analyst Ticker / Company Click
2026-08-24 / Industry Fubon FHC (2881 TT): Strong growth in adjusted earnings & book value supports 2026F dividend capacity Analyst:Eric Shih / Fubon Financial(2881)  Fubon FHC (2881 TT): Strong growth in adjusted earnings & book value supports 2026F dividend capacity Eric Shih Fubon Financial(2881) 2
2026-08-21 / Industry Bizlink (3665 TT): Margins expansion trend back on track Analyst:Terry Lee、Benson Cheng / BHI (Bizlink)(3665)  Bizlink (3665 TT): Margins expansion trend back on track Terry Lee、Benson Cheng BHI (Bizlink)(3665) 3
2026-08-20 / Industry Gourmet Master (2723 TT): Blowout 2Q26 results Analyst:Angus Chuang、Eden Chang / Gourmet(2723)  Gourmet Master (2723 TT): Blowout 2Q26 results Angus Chuang、Eden Chang Gourmet(2723) 3
2026-08-20 / Industry Tripod Technology (3044 TT): Servers & memory modules to serve as twin sales growth engines in 2H26F Analyst:Jack Lin / Tripod(3044)  Tripod Technology (3044 TT): Servers & memory modules to serve as twin sales growth engines in 2H26F Jack Lin Tripod(3044) 4
2026-08-19 / Industry Jentech Precision (3653 TT): 2Q26 gross margin beat; bright 2027-28 outlook Analyst:Angela Hsiang / Jentech(3653)  Jentech Precision (3653 TT): 2Q26 gross margin beat; bright 2027-28 outlook Angela Hsiang Jentech(3653) 6

Overseas market strategyMORE

Date/ Category / Title Country Category Title Analyst Ticker / Company Click
2026-08-24 / Strategy Quantitative perspectives on US equities: Higher yields & softer guidance halt a rebound in SOX & AI stocks; near-term, we favor defensive names Analyst:Carl Liu、Karen Yu /   USA Strategy Quantitative perspectives on US equities: Higher yields & softer guidance halt a rebound in SOX & AI stocks; near-term, we favor defensive names Carl Liu、Karen Yu 4
2026-08-07 / Economics US Economy: Structural influences of the five task forces Analyst:David Huang /   USA Economics US Economy: Structural influences of the five task forces David Huang 8
2026-08-06 / Strategy Quantitative perspectives on US equities: We prefer materials, industrials, information technology, and communication services sectors Analyst:Carl Liu、Karen Yu、David Huang /   USA Strategy Quantitative perspectives on US equities: We prefer materials, industrials, information technology, and communication services sectors Carl Liu、Karen Yu、David Huang 4
2026-07-21 / Strategy Global asset allocation – US strategy: Recent market weakness reflects valuation concerns; limited upside for yields & resilient fundamentals to see the correction run its course after mid-3Q26F Analyst:Carl Liu、Karen Yu /   USA Strategy Global asset allocation – US strategy: Recent market weakness reflects valuation concerns; limited upside for yields & resilient fundamentals to see the correction run its course after mid-3Q26F Carl Liu、Karen Yu 2
2026-07-16 / Strategy 2H26 global investment outlook: Investment-led growth takes hold in US as global manufacturing recovers; AI continues to favor US & emerging Asian equities Analyst:Carl Liu、Ethan Chiu、Jessica Hung、Shawn Chen、Steven Chen、Karen Yu、David Huang /   Global Strategy 2H26 global investment outlook: Investment-led growth takes hold in US as global manufacturing recovers; AI continues to favor US & emerging Asian equities Carl Liu、Ethan Chiu、Jessica Hung、Shawn Chen、Steven Chen、Karen Yu、David Huang 6

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) 21
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) 11
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) 4
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) 3
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) 5

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 6
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) 12
2024-01-25 / Industry Takeaway:Tesla (TSLA US) Analyst:Jennifer Liang / (TSLA US)  USA Takeaway:Tesla (TSLA US) Jennifer Liang (TSLA US) 4
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) 7
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) 9