Telecom Stocks Become Safe Haven; Chunghwa Telecom and Far EasTone Hit New Highs Against Market Trend
On May 19, as the Taiwan stock market fell and key AI stocks faced a correction, investors sought refuge in telecom stocks. Chunghwa Telecom surged by about 5% intraday, reaching a historic high of NT$144. Far EasTone also touched its record high of NT$99.5. This trend reflects investors moving capital to the telecom sector, known for its stable revenue and profits, during market volatility.
📋 Article Processing Timeline
- 📰 Published: May 19, 2026 at 16:19
- 🔍 Collected: May 19, 2026 at 16:31 (12 min after Published)
- 🤖 AI Analyzed: May 19, 2026 at 23:21 (6h 49m after Collected)
(CNA, by Chiang Ming-yen, Taipei, 19th) The Taiwan stock market opened low and fluctuated today, ultimately closing below the monthly moving average. Telecom stocks became a safe haven for capital, with Chunghwa Telecom surging about 5% intraday to a historic high of NT$144; Far EasTone reached NT$99.5 intraday, also a record high level. Taiwan Mobile closed up over 2%.
The Taiwan stock market opened low and fluctuated today, closing down 716.26 points at 40175.56, falling below the monthly moving average of approximately 40235 points. As high-flying AI benchmark stocks faced a correction, telecom stocks became a safe haven.
Chunghwa Telecom surged about 5% intraday to a historic high of NT$144, closing at NT$142.5, a 4.01% gain. Far EasTone's stock price neared the NT$100 mark today, reaching NT$99.5 intraday, matching the intraday record high from May 15. It closed at NT$98, up 1.24%. Taiwan Mobile rose over 2%, closing at NT$116.5, returning to a recent high.
Chunghwa Telecom's April revenue and EBITDA set a record for the same period, with earnings per share (EPS) of NT$0.48, regaining its position as the monthly EPS leader. Far EasTone's April EPS was NT$0.36, also a record high for the same period. Taiwan Mobile's cumulative EPS for the first four months reached NT$1.84, still leading Chunghwa Telecom's NT$1.78.
Chunghwa Telecom stated that in April, its ICT business maintained strong growth momentum, benefiting from the successive completion and delivery of large-scale data center and AI server room construction projects. This drove continued revenue growth in smart connectivity, IDC cloud, and cybersecurity businesses. The core telecom business grew steadily, complemented by strong smartphone sales and sales growth in its subsidiaries driven by robust AI demand.
Taiwan Mobile observed that its three major growth engines continued to deliver in April. In the core telecom business, the popularity of new plans, including those for Mac, led to steady growth in Average Revenue Per User (ARPU), with mobile service revenue increasing by about 3% year-on-year. Aided by broadband products, household business revenue also saw a 16% annual increase. In the enterprise segment, revenue maintained double-digit growth, benefiting from contributions from AICT projects and AIDC-related services.
Far EasTone Telecom benefited in April from innovative tariff plans encouraging user upgrades to 5G, mobile phone sales driven by the Mother's Day season, and steady contributions from smart ICT and personal digital life services. In enterprise smart ICT, Far EasTone explained that sustained demand for cloud, IoT, and cybersecurity services drove overall enterprise smart ICT revenue to maintain double-digit annual growth. (Editor: Yang Lan-hsuan) 1150519
The Taiwan stock market opened low and fluctuated today, closing down 716.26 points at 40175.56, falling below the monthly moving average of approximately 40235 points. As high-flying AI benchmark stocks faced a correction, telecom stocks became a safe haven.
Chunghwa Telecom surged about 5% intraday to a historic high of NT$144, closing at NT$142.5, a 4.01% gain. Far EasTone's stock price neared the NT$100 mark today, reaching NT$99.5 intraday, matching the intraday record high from May 15. It closed at NT$98, up 1.24%. Taiwan Mobile rose over 2%, closing at NT$116.5, returning to a recent high.
Chunghwa Telecom's April revenue and EBITDA set a record for the same period, with earnings per share (EPS) of NT$0.48, regaining its position as the monthly EPS leader. Far EasTone's April EPS was NT$0.36, also a record high for the same period. Taiwan Mobile's cumulative EPS for the first four months reached NT$1.84, still leading Chunghwa Telecom's NT$1.78.
Chunghwa Telecom stated that in April, its ICT business maintained strong growth momentum, benefiting from the successive completion and delivery of large-scale data center and AI server room construction projects. This drove continued revenue growth in smart connectivity, IDC cloud, and cybersecurity businesses. The core telecom business grew steadily, complemented by strong smartphone sales and sales growth in its subsidiaries driven by robust AI demand.
Taiwan Mobile observed that its three major growth engines continued to deliver in April. In the core telecom business, the popularity of new plans, including those for Mac, led to steady growth in Average Revenue Per User (ARPU), with mobile service revenue increasing by about 3% year-on-year. Aided by broadband products, household business revenue also saw a 16% annual increase. In the enterprise segment, revenue maintained double-digit growth, benefiting from contributions from AICT projects and AIDC-related services.
Far EasTone Telecom benefited in April from innovative tariff plans encouraging user upgrades to 5G, mobile phone sales driven by the Mother's Day season, and steady contributions from smart ICT and personal digital life services. In enterprise smart ICT, Far EasTone explained that sustained demand for cloud, IoT, and cybersecurity services drove overall enterprise smart ICT revenue to maintain double-digit annual growth. (Editor: Yang Lan-hsuan) 1150519