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Taiwan defense stocks surge ahead of presidential election

Reporter Scarlett Yu
Release time:2023/12/12 19:13
Last update time:2023/12/12 19:13
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Taiwan defense stocks surge ahead of presidential election (TVBS News) Taiwan defense stocks surge ahead of presidential election
Taiwan defense stocks surge ahead of presidential election (TVBS News)

TAIPEI (TVBS News) — Taiwan's military, national defense, and aerospace stocks experienced strong performance in early trading on Tuesday (Dec. 12) as the presidential election approaches. Notable names such as AirAsia, Aerospace Industrial Development Corporation (AIDC), and Thunder Tiger gained attention as policy concept stocks.

With the U.S. reporting a slowdown in inflation growth, investors anticipate a reduced likelihood of further interest rate hikes by the Federal Reserve (Fed) as the election draws near.

 

AirAsia reported a net profit of approximately NT$4 billion for the first ten months of the year, marking a 17.83 percent year-on-year increase. The company is actively expanding its military operations and is optimistic about the commercial maintenance market.

AIDC has exceeded last year's total revenue in the first ten months, reaching NT$32.6 billion, with earnings after tax for the first three quarters at NT$1.95 billion. The firm is poised to record its highest annual profit since listing.

AIDC Chairman Hu Kai-hung is focused on advancing Taiwan's aerospace industry through the A-Team 4.0 alliance to enhance global competitiveness and secure major international aviation orders.
 

Thunder Tiger is entering the electric off-road vehicle market, planning collaborations with domestic electric vehicle supply chains before expanding to the U.S. They also aim to introduce innovative solutions in the defense sector by further penetrating the market for unmanned ground vehicles (UGVs). 

Taiwan Business

#Taiwan’s presidential election# military stocks# national defense stocks# aerospace stocks# AirAsia# Aerospace Industrial Development Corporation# Thunder Tiger# Taiwan presidential election countdown# AirAsia military operations expansion

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