Movement Alert|United Microelectronics Rises 3.87% in Pre-Market Trading, Rebound Continues on Strong Q1 Earnings and Broker Upgrade

Market Focus
Jun 12

On June 12, United Microelectronics rose 3.87% in pre-market trading, trading at $20.77/share, with turnover of $56,600, extending the rebound momentum from the prior session.

On the news front, the stock continues to recover after a cumulative correction of over 15% driven by elevated valuation concerns. The rebound is underpinned by multiple fundamental catalysts: the company reported Q1 net profit surging 108% year-over-year to NT$16.17 billion with gross margin reaching 29.2% and capacity utilization recovering to 79%. May revenue came in at NT$22.94 billion, up 17.8% year-over-year. Additionally, management has confirmed selective wafer price increases of approximately 10% in the second half, providing continued earnings growth visibility. Mastercard Securities recently upgraded the stock from Hold to Buy with a target price of NT$135, further bolstering market confidence.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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