The US Pressure Line announced that Taiwan will collect 20% of taxes on courses, which is the final announcement of major trade partners in the United States, but the tax rate is not as good as the market expectations compared with 15% of Japan and...
The US Pressure Line announced that Taiwan will collect 20% of taxes on courses, which is the final announcement of major trade partners in the United States, but the tax rate is not as good as the market expectations compared with 15% of Japan and South Korea. It fell by more than 300 points in the Taiwan stock market, and then gradually recovered to 100 points. The legal person said that Taiwan's automatic equipment, tool machines, heavy electricity and other industries that are fiercely competing with Japanese and Korean manufacturers will be hit harder.
PGIM Prudential High Growth Fund Manager Liao Bingkun said that this time should be an update on taxes in the United States. Looking at the examples of other countries around the world, the 20% tax rate will still change in the future. The US side has not yet announced the complete details. Whether it involves the opening of the automobile and agricultural market in the future, or expanding investment in the United States, remains to be cleared.
Liao Bingkun analyzed that in accordance with the debate strategy between Japan and South Korea, both countries use large-scale investment in the United States as exchange conditions, among which Japan will invest US$55 billion in the United States, and South Korea promises to provide 3,500 to the United States. The investment scale of USD , and focusing on key industries such as semiconductors and energy , shows that the US attaches great importance to foreign commitments and industry cooperation in the debate , from this estimation , if Taiwan wants to fight for more favorable conditions in the future , it will be an important topic for the U.S. investment, automobile and agricultural market opening and energy purchase .
More importantly, Liao Bingkun explained that this time, the tax rate for the tax is not suitable for the tax exemption list, and the general record of the newly added exemption items is forgot. It represents the high-continuous relationship between the Taiwan Stock Exchange, such as semiconductors, servers, pharmaceutical raw materials, key components, minerals and chemical materials, etc., which are not the scope of this new tax exemption.
Liao Bingkun adds, which means that Taiwan's semiconductor industry has a greater impact. On the contrary, it depends on the results of the "Terms 232" semiconductor tax investigation that will be announced by the United States. Whether Taiwan and the United States can obtain the most favorable country terms with better semiconductor tax treatment from South Korea, the European Union and other countries from trade dealers that are still in progress is the most important point.
Overall, Liao Bingkun analyzed that the market had previously conducted a market deduction on taxes, exchange rates, etc., assuming that the worst situation would hit Taiwan stock companies' profits this year, but at present, it is no longer in the worst condition. There are many positive support in the current stage of the Taiwan stock market, including the maintenance of the financing balance, the steady increase in shipments of NVIDIA GB series products in the second half of the year, and the end of the downward trend of profit revision. The Taiwan stock market will not be underestimated by the end of the year.
Liao Bingkun reminded that since the price-to-earning ratio of the power-up index has reached nearly 17 times, from historical data, the indexes in August and September often fall more and less, and the correction is likely to be larger, but from the perspective of the fourth quarter, it will be another long-term entry point.
In terms of stock selection, Liao Bingkun suggested that it might be the main factor stocks that have fallen into the deep-season and long-term trend stocks. The electronic group mainly focuses on AI supply chains, 2-nanometer supply chains, IC designs, IP, edge computing, optical communications, memory, low-speed satellites, robots, folding mobile phones, etc., and the main choices for the production are biotechnology, food, and specialization.
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Extended reading: Taiwan tax 20% is a temporary tax rate! The Executive Yuan: The two parties continue to discuss and discuss together Terms 232 Taiwan Electric and American factories welcome more profits! Dutch semiconductor equipment factory ASML enjoys zero tax discounts in the United States Trump announced that the tax collection for South Korea has been reduced to 15%! South Korea promises to invest $35 billion in the United States
