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Proprietary Traders Buy 168 Million as 'Five Electronics' Faces Revenue Decline in May, Investors Anxious

Proprietary Traders Buy 168 Million as 'Five Electronics' Faces Revenue Decline in May, Investors Anxious

According to FTNN news, Taiwanese stocks rose by 412.29 points last week, an increase of 1.9%, closing at 22072.95 points. Proprietary traders bought a net of 15.41 billion TWD during this period, particularly favoring the 'Five Electronics' company, Hon Hai Precision Industry (4938), which reported May revenue of 85.685 billion TWD, a month-over-month decrease of 16.71% and a year-over-year decrease of 7.97%. Over the last five days, the stock price fell by 2.58%, closing at 83 TWD, yet proprietary traders bought a total of 1.68 billion TWD last week.

Despite this, the decline in May's revenue and stock price has raised concerns among investors, with some expressing sentiments like, "Even 90 TWD is gone, take care," and "May earnings are only half of what we earned last year…"

Additionally, Hon Hai has reported a year-to-date revenue increase of 6.42% to 460.99 billion TWD for the first five months of the year. At the same time, Hon Hai is accelerating its overseas expansion, announcing on the 13th its investment of 85 million USD (about 2.822 billion TWD) to establish a wholly-owned subsidiary in the United States.