- November 26, 2022
- Posted by: Stratford Team
- Category: Economy
-
By Lisa Wang / Staff Reporter
Sercomm Corp (中磊) saw its shares rally 1.97 percent yesterday after the broadband equipment supplier gave an upbeat business outlook for next year, expecting robust demand for Internet-connected devices from 5G and Wi-Fi-related devices to fiber-optic products to drive revenue growth.
The Taipei-based company is one of only a few among local electronics firms that expects growth in the post-COVD-19 era, as Internet connection has become indispensable despite the world economy facing greater downside risks due to surging inflation and intensifying geopolitical tensions.
The stock price of Sercomm surged 1.97 percent to the highest level in more than one month at NT$82.7, outperforming the TAIEX, which edged lower 0.04 percent…
