Far Eastern New Century (1402) Earnings: July Sales Surge by 5.48% to NT$21.85 Billion

Far Eastern New Century on Smartkarma

Analyst coverage of Far Eastern New Century on Smartkarma has been provided by Janaghan Jeyakumar, CFA. In his report titled “Quiddity TDIV/50/100 Jun 24 Rebal: 15/18 Hits; Updated Flow Expectations and Trade Ideas,” Jeyakumar presents a bullish perspective. He estimates the one-way flow for the TDIV June 2024 rebalance to be around US$1.08 billion, indicating a turnover of 17%. Jeyakumar expects the top outflow names to outperform the top inflow names in the rebalance. The report discusses index changes for the T50/100 index family and the TDIV index, highlighting surprises among the TDIV index changes and offering potential trade ideas based on flow dynamics.

A look at Far Eastern New Century Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Far Eastern New Century Corporation, a company heavily involved in the textile industry, has received encouraging ratings based on the Smartkarma Smart Scores. With a top score in Value and a strong showing in Dividend and Momentum, the company appears to be well-positioned for long-term success. The lower scores in Growth and Resilience, however, suggest some areas that may need attention to ensure sustained growth and stability.

Far Eastern New Century‘s operations span the manufacturing, processing, and marketing of textile products, including a wide range of materials and garments. With a diverse product portfolio that includes polyester materials, yarns, fabrics, and even cellular phones and accessories through its subsidiaries, the company is strategically positioned in various markets. Investors should keep an eye on how Far Eastern leverages its strengths in value and dividend payouts while addressing potential growth and resilience challenges to navigate the evolving business landscape effectively.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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