TechFlow News, June 20: Serenity—dubbed the “White-Haired Stock God”—released his personal investment observations, analyzing valuations and shareholding structures of several technology and semiconductor-related companies. His analysis focuses on net asset value (NAV) discounts and growth momentum. Key points include:
1. Wistron is viewed as one of his top picks: its current market capitalization stands at approximately $16.2 billion; Q1 revenue surged 144% year-on-year; and it holds ~35.46% equity in Wiwynn, implying a stake value equivalent to ~0.66x its own market cap;
2. Wiwynn is expected to sustain growth and is regarded as one of his core monitored assets;
3. Priortech holds ~21% equity in Camtek, with the implied value of that stake amounting to ~1.35x Priortech’s own market cap—indicating a quasi-controlling structure;
4. GlobalWafers exhibits a significant NAV discount (market cap ~$3.5 billion vs. stake value ~$7.9 billion);
5. Korean-listed companies Iljin Holdings and Simmtech Holdings also show pronounced NAV discounts; however, he remains cautious regarding corporate governance standards and valuation realization capability in Korean firms.
Serenity notes that his analysis remains in the research phase, with no final investment decision yet reached. Nevertheless, he leans toward increasing portfolio concentration in these names on Monday and emphasizes that some of these companies possess independent growth potential and room for NAV re-rating.
