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BackXinxing stock price stabilizes, investors return
Xinxing stock price stabilizes, investors return
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自由时报56 minutes agoBusiness1 min readChinaView original

Xinxing stock price stabilizes, investors return

Quick Look

  • Xinxing's share price was hit by 10,454 shares for four consecutive days due to the turmoil over the production site and the negative news about Broadcom's self-made carrier boards.
  • However, foreign investors continued to cover up.
  • Recently, investors returned to buy a total of 2,189 shares for five consecutive days.

AI-generated summary

Why It Matters

Xinxing is the leader in IC carrier boards. Due to the manufacturing crisis on August 28 and the bad news about Broadcom's self-made carrier boards, investment banks have slashed their shares for four consecutive days. However, foreign investors have continued to cover their investment, and recently investment banks have returned to their ranks.

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Xinxing's stock price stabilized, and investors returned to buying orders. (Photo by reporter Zhuo Yijun)

[Reporter Zhuo Yijun/Taipei Report] Due to the "origin washing" storm that broke out on August 28, IC carrier board leader Xinxing (3037), and the bad news about Broadcom's self-made carrier boards, the investment bank slashed a total of 10,454 units in four consecutive trading days from September 1 to 4, causing Xinxing's stock price The price broke through the quarterly line, but foreign investors persisted and took the opportunity to cover 7,098 shares of Xinxing during the same period. Recently, investment trust buying has returned to the queue, buying a total of 2,189 shares for five consecutive trading days. Xinxing has gradually recovered from the impact of the "washing of production areas", the stock price has stabilized, and it is expected to reach the thousand-yuan mark again in the short term.

As of around 11:35 today, Xinxing's share price rose 0.32%, temporarily trading at 954 yuan, with a trading volume of more than 5,712 contracts.

Please read on...

Xinxing benefited from the surge in ABF carrier board shipments driven by AI and HPC (high-speed computing) related applications, and its revenue reached a new high for five consecutive months. The consolidated revenue in August was 17.745 billion yuan, a monthly increase of 9.18%, an annual increase of 56.26%, and soared to a new historical high. The cumulative consolidated revenue for the first eight months was 114.335 billion yuan, an annual increase of 34.16%.

Xinxing pointed out that ABF carrier board price strategy will adopt a rolling adjustment in the second half of the year, which will push up the overall revenue in the second half of the year and is expected to continue to grow. As ABF carrier board increases the selling price, coupled with the increase in utilization rate and improvement in yield rate, it will help gross profit margin and profit performance in the second half of the year.

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What to Watch

AI outlook — possibilities, not facts

  • Xinxing stock price is expected to challenge the thousand yuan mark in the short term

    Possible · Within weeks

Open Questions

  • The impact of Broadcom’s self-made carrier boards on Xinxing’s long-term market share
  • The specific amplitude and timetable of the rolling adjustment of ABF carrier board prices
  • Can the gross profit margin increase in the second half of the year be sustained until the end of the year?

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This article was originally published by 自由时报.

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