$ChipMOS TECHNOLOGIES (IMOS.US)$Selected in the March 2022 analysis due to continued growth, the stock price has dropped 24% to 27.84 so far.
In the past 5 years, both revenue and operating profit increased in the first 3 years and shrank in the next 2 years. The cyclical nature is very strong, and the net profit in 2023 is far lower than in 2018. Currently, the price-earnings ratio is 16.6, and the five-year average net profit of 100 million yuan corresponds to a price-earnings ratio of 10.1, which is not very attractive.

In the first half of 2024, the world situation is turbulent, and hot events emerge one after another. Investors have also witnessed one "historic event" after another. Among the major asset classes, the US stocks supported by the "AI concept" and the "Big Seven" have remained strong since last year, repeatedly reaching new highs; and market hotspots have continued to rotate, from the Nikkei Index, gold, and copper to silver, and then to the Hong Kong stock market. The "favorite" of investors keeps changing.
During these turbulent six months, which asset categories globally stand out? And which market symbols are performing poorly? Let's take a closer look first.
US stock market.
The Nasdaq Composite Index, dominated by technology companies, maintained its strength in the first half of 2024, with a nearly 18% increase since the beginning of the year; including Nvidia, Apple, Google, Microsoft, Amazon and other US stock giants repeatedly hitting new highs, various companies in the AI industry chain blossoming, driving the overall rise of US stocks.
For the subsequent trend, bulls believe that the current financial environment in the USA is relatively loose, with expanding corporate profit margins, coupled with the continuous AI boom, US stocks are expected to continue to be supported; while bears mainly emphasize from the perspective of interest rates, stressing that a sustained high interest rate environment may lead to an economic hard landing, and believe that the market has ignored many risks, such as risks related to the US domestic political situation, geopolitical factors, and the market being overly concentrated on a few stocks like Nvidia.
港股市场
From an overall perspective, the Hong Kong stock market showed a trend of volatile upward movement in the first half of the year, with a rapid surge in May...