Why did Longyen's Q2 net assets surge?

Mainly due to valuation gains from U.S. and Taiwanese tech stocks and profits from Intel share sales.

What major stocks does Longyen hold?

TSMC, Largan, Quanta, Microsoft, Google, Amazon, and others.

Why is Longyen called the 'Taiwan Berkshire'?

Its strategy of reinvesting funeral profits into stocks resembles Berkshire Hathaway's model.

How much profit did Longyen make from selling Intel shares?

It sold 87,500 shares at $118.89, realizing about NT$205 million in profit.

What risks does Longyen's investment strategy face?

Stock price volatility can reduce net assets, and unrealized gains may reverse.

Selling Tombstones with One Hand, Buying TSMC with the Other? Why Longyen's Q2 Net Assets Soared

Published Aug 9, 2026 12:11 PM ・ Updated Aug 9, 2026 1:11 PM ・ 4 min read ・ Source: PR Times

Longyen, Taiwan's leading funeral services company dubbed the 'Taiwan Berkshire,' saw its Q2 net assets surge by NT$2.524 billion, driven by strategic investments in nine major U.S. and Taiwanese tech giants, including TSMC, Microsoft, and Google.

Known as the 'Taiwan Berkshire' and the 'stock picker,' Longyen, the leader in Taiwan's funeral industry, reported a remarkable increase in net assets of NT$2.524 billion (up 8.78% quarter-on-quarter) in Q2, pushing its book value per share from NT$68.39 to NT$74.40—a jump of NT$6.01 per share in just one quarter. Yet, its quarterly EPS was only NT$0.74. How could book value rise so sharply on such modest earnings?

Financial expert Yeh Yu-shuo revealed the secret on Facebook: the key lies in Longyen’s equity investments. Rather than simply parking pre-need contract revenues in banks, Longyen actively invests in stocks—especially during the pandemic—focusing exclusively on high-performing tech giants in Taiwan and the U.S.:

- Taiwan stocks: TSMC, Largan Precision, Quanta Computer - U.S. stocks: Alphabet (Google), Microsoft, Berkshire Hathaway, Amazon, Visa, Intel

Yeh noted that in May, Longyen sold 87,500 shares of Intel at an average price of USD 118.89 per share, realizing a gain of approximately NT$205 million. This profit wasn’t fully reflected in the quarterly EPS but was transferred from 'other comprehensive income' under shareholders’ equity to retained earnings. After the sale, Longyen still holds around 131,500 shares of Intel.

Thus, the Q2 net asset surge wasn’t driven by operating earnings but by unrealized gains from rising stock prices and realized gains from disposals. This explains the divergence between a modest NT$0.74 EPS and a NT$6.01 increase in book value per share.

Yeh emphasized that Longyen’s true value may no longer lie in tombstones but in its quietly accumulated portfolio of tech stocks. 'Don’t think you’re buying a funeral stock,' he said. 'You’re buying a basket of U.S. tech giants.' He personally holds Longyen shares for this reason.

However, Yeh also warned of downside risks: stock price declines would directly reduce net assets. While the strategy has paid off recently, volatility remains a key risk.

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Source: PR Times
Category: News
Organizations: Alphabet / Microsoft / Berkshire Hathaway

Selling Tombstones with One Hand, Buying TSMC with the Other? Why Longyen's Q2 Net Assets Soared

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