Fuqiao's stock price hits a new high, benefiting from tight supply of high-end fiberglass cloth and rising prices

Fuqiao's stock price soared to a new high today. (Taken from the official website)

[Reporter Zhuo Yijun/Taipei Report] Fiberglass cloth factory Fuqiao (1815) has benefited from the rising prices of high-end fiberglass cloth, and its revenue has increased significantly this year. Due to the tight supply of high-end fiberglass cloth, prices are expected to continue to rise. Domestic and foreign investors have recently accumulated A big knock on Fuqiao. Yesterday, three major legal entities bought 23,779 Fuqiao shares, driving the stock price to the upper limit. After absorbing the selling pressure the next day, the stock price sharply pulled up again in early trading, once soaring nearly 9%, reaching a new listing high of 141.5 yuan.

As of about 10:47 minutes, Fuqiao's stock price rose 6.15%, temporarily trading at 138 yuan, with a trading volume of more than 88,900, with a fluctuation range of 14.23%.

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The supply of PCB upstream materials is tight, especially fiberglass cloth, which is in short supply. As the demand for AI servers, high-speed switches and 800G or above network communication equipment continues to escalate, the penetration rate of high-end Low Dk/Low CTE fiberglass cloth products has increased. Coupled with rising quotations and product portfolio optimization, Fuqiao's revenue and profits have grown simultaneously. Fuqiao pointed out that the shipment proportion of next-generation Low DK2 (high-frequency, high-speed, low-loss materials) products will continue to increase. This year, the proportion of advanced process products in production capacity will be increased to 70%. Low DK1 and Low DK2 products will continue to expand production, and the related benefits are expected to be reflected in revenue and profit performance quarter by quarter.

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