Far Eastern New Century (1402) Earnings Surge: December Sales Hit NT$25.02 Billion, Up 9.29%

Far Eastern New Century on Smartkarma

On Smartkarma, investment analyst Janaghan Jeyakumar, CFA, provides bullish coverage on Far Eastern New Century. In one report titled “Quiddity TDIV/50/100 Sep 24 Rebal: 100% Hit Rate; Perfectly Positioned for Our Trade,” Janaghan highlights US$253mn index flows expected from the rebalance, with predictions proving accurate. The report outlines changes in the TDIV, T50, and T100 indices for the upcoming event, forecasting specific additions and deletions. Additionally, in a separate report “Quiddity TDIV Sep 24 Flow Expectations: Final Expectations; One Deletion; US$253mn One-Way,” Janaghan anticipates 30 inflow and 20 outflow names, emphasizing potential outperformance of top inflow names. Expectations include a one-way capping flow around US$253mn, alongside insights on the dividend-weighted TDIV index’s compositional adjustments.

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 specializing in the manufacturing and marketing of textile products, has garnered an impressive overall outlook based on the Smartkarma Smart Scores. With a top-rated Value score of 5, Far Eastern New Century demonstrates strong fundamentals that could potentially offer investors a solid return on their investment. Additionally, the company’s above-average Dividend score of 4 reflects its commitment to rewarding shareholders with consistent payouts.

Although Far Eastern New Century may not score as high in Growth, Resilience, or Momentum, with scores of 3, 2, and 2 respectively, its solid foundation and focus on value and dividends suggest a promising long-term outlook for investors seeking stability and income within the textile industry.

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