Investor bought Nanya stock eight times in a row, soaring more than 6%
Quick Look
- Taiwan stocks surged more than 900 points in early trading.
- Plastic stock Nanya (1303) was supported by overbuying for eight consecutive trading days by investors.
- The stock price once rose by more than 6%, temporarily trading at 237.5 yuan, with a trading volume of more than 35,000 contracts.
AI-generated summary
Why It Matters
Nanya is a major plastic and copper foil substrate manufacturer in Taiwan. Recently, it has benefited from the demand for AI servers and high-frequency communications, and its high-end products such as Low CTE and Low Dk2 substrates have experienced growing demand. Investment trusts have recently continued to deploy midstream manufacturers in the technology supply chain.
Investment credit was supported by eight consecutive buys, and South Asia's volume surged by more than 6%. (Taken from the official website)
[Reporter Zhang Huiwen/Report from Taipei] Taiwanese stocks once soared more than 900 points in early trading. Supported by investment investment for more than 8 consecutive trading days, the stock price of plastics stock Nanya (1303) surged higher today, with explosive volume. As of 9:51, the stock price rose by 13.5 yuan, temporarily trading at 237.5 yuan, an increase of more than 6%, and the trading volume exceeded 35,000 contracts.
According to legal analysis, even when the Taiwan stock market fluctuated and fell, the investment bank still persisted in buying over Nanya for 8 consecutive trading days. First, it is optimistic about Nanya's cooperation with Nittobo to produce Low CTE, Low Dk2; Secondly, high-end copper foil substrate (CCL) M7 and M8 orders are expected to begin shipping in large quantities in the fourth quarter, which will help drive revenue and gross profit margins to continue to rise; Nanya also said that it has optimized the process for copper foil substrate factories and is expanding production simultaneously on both sides of the Taiwan Strait. Additional fiberglass cloth looms will be gradually put in place, and it is expected to start contributing to production capacity and revenue from the fourth quarter of this year to next year.
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Observing the dynamics of the three major legal persons, foreign investors have oversold a total of about 40,000 lots for 4 consecutive trading days, investment trusts have over-purchased a total of 17,800 lots for 8 consecutive trading days, self-operators bought more than 274 lots yesterday, and the main sellers oversold 2,669 lots. According to legal person analysis, in the future, as long as foreign investors make up for their losses, Nanya’s stock price will have the opportunity to challenge the previous high of 250 yuan.
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What to Watch
AI outlook — possibilities, not facts
Nanya's stock price has the opportunity to challenge the previous high of 250 yuan after foreign investment covers
Possible · Within weeks
Nanya’s high-end copper foil substrate M7 and M8 orders will begin to be shipped in large quantities starting from the fourth quarter
Likely · Within months
Open Questions
- Who are the specific shipments and customers of Nanya’s high-end copper foil substrates M7 and M8?
- What is the average cost of investing in continuous overbuying?
- What is the main reason for foreign capital selling?
