Foreign Investors Boost First Financial Despite May Revenue Slump, Investing NT$6.1 Billion
This week (06/02–06/06), the Taiwan Stock Exchange closed at 21,660.66 points, up 1.47%. Despite underwhelming revenues for May, foreign investors remain optimistic, purchasing 238,000 shares of First Financial at a total of NT$6.17 billion, marking five consecutive weeks of accumulation.
According to the stock exchange's data, foreign investors bought NT$659.04 billion worth of stocks and sold NT$719.43 billion, resulting in a net sell-off of NT$60.39 billion. First Financial (2892) reported a net profit of NT$2 billion for May, which is a 1.9% month-over-month decrease and a 13.57% year-over-year decline. However, the company anticipates better profit growth for the full year compared to last year despite facing pressure.
