Far Eastern New Century (1402) Earnings: May Sales Surge 6.14% to NT$22.85 Billion

Far Eastern New Century on Smartkarma

Far Eastern New Century has received analyst coverage on Smartkarma, a platform where independent analysts publish research. Janaghan Jeyakumar, CFA, shared insights in a report titled “Quiddity TDIV/50/100 Jun 24 Rebal: 15/18 Hits; Updated Flow Expectations and Trade Ideas.” Jeyakumar’s analysis suggests an estimated one-way flow of approximately US$1.08bn for the TDIV June 2024 rebalance, with a turnover of 17%. The report hints that the top outflow names may outperform the inflow names. The research delves into index changes for the T50/100 and TDIV index families, noting surprises in 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

Based on the Smartkarma Smart Scores analysis, Far Eastern New Century shows promising long-term prospects. With a top score in Value and strong scores in Dividend and Momentum, the company demonstrates solid fundamentals and growth potential. Although Growth and Resilience scores are slightly lower, Far Eastern New Century‘s focus on value and dividends, coupled with positive momentum, bodes well for its future performance in the market.

Far Eastern New Century Corporation is a prominent player in the textile industry, specializing in manufacturing, processing, and marketing a wide range of textile products. From polyester materials to woven and knitted garments, the company offers a diverse portfolio that caters to various market segments. Additionally, its subsidiary companies further extend its product offering to include cellular phones and accessories, showcasing Far Eastern New Century‘s versatility and adaptability in meeting consumer demands.

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