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BackFocus Stocks》Guoqiao: Sales surged in September, foreign investors bought heavily and headed straight to the daily limit
Focus Stocks》Guoqiao: Sales surged in September, foreign investors bought heavily and headed straight to the daily limit
BREAKING
自由时报1 hour agoBusiness2 min readChinaView original

Focus Stocks》Guoqiao: Sales surged in September, foreign investors bought heavily and headed straight to the daily limit

GuoqiaoRevenueforeign capital

Quick Look

  • Plastics stock Guoqiao announced September revenue of 4.155 billion yuan, a monthly increase of 74.5% and an annual increase of 96.81%, a new high.
  • Foreign investors bought more than 20,000 shares for three consecutive days, driving the stock price to a daily limit of 16.65 yuan at the opening.
  • The company cooperated with AWI in August to enter the semiconductor materials market, but still lost 1.68 yuan per share in the first half of the year.

AI-generated summary

Why It Matters

Guoqiao is a major plastic manufacturer in Taiwan, mainly producing SM and ABS plastic products. In August this year, it cooperated with Japan's AWI to invest in Hongguang New Technology and enter the semiconductor special gas market. It recorded a loss in the first half of the year due to the sluggish economy, but the explosive revenue growth in September showed that demand is picking up.

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[Reporter Zhang Huiwen/Taipei Report] Plastics stock Guoqiao (1312) announced last Thursday that its September revenue was 4.155 billion yuan, a monthly increase of 74.5% and an annual increase of 96.81%. Due to its outstanding revenue performance, coupled with Foreign investors bought more than 20,000 contracts for three consecutive days. Today, Guoqiao's stock price went straight to the daily limit of 16.65 yuan after the opening. As of 9:21, the daily limit limit bought nearly 27,000 contracts and the trading volume exceeded 23,000.

Guoqiao is a major manufacturer of SM and ABS plastic products in Taiwan. In August this year, it announced that it would join hands with AWI to expand Taiwan's semiconductor material market and jointly invest in Hongguang New Technology, a special gas manufacturer. AWI has long been deeply involved in the Japanese industrial gas market, with a diversified range of products and services. It continues to expand overseas and electronics-related businesses, and actively expands into international markets including Taiwan. Observing Guoqiao's fundamentals, September's revenue set a new record, with cumulative revenue from January to September exceeding 20.8 billion yuan, an annual growth rate of 30%; however, it still suffered a loss in the first half of the year, with a loss per share of 1.68 yuan.

Please read on...

Observing the trends of the three major legal persons, foreign investors have over-purchased a total of more than 20,000 lots for three consecutive days, and self-operated traders have over-sold a total of 4,722 lots for 4 consecutive days. Last Thursday, the main over-buyers were 5,385 lots. The over-buying brokers are mainly American Goldman Sachs and JPMorgan Chase. According to legal person analysis, from the perspective of chips, foreign investors and specific main players have continued to gather chips at relatively low prices with a positive attitude. We will continue to observe the continuity of buying and whether the chips continue to be concentrated.

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What to Watch

AI outlook — possibilities, not facts

  • Guoqiao's stock price will remain volatile in the short term. If foreign investors continue to overbuy, it is expected to challenge higher prices.

    Possible · Within weeks

Open Questions

  • Is September revenue growth sustainable?
  • What kind of fundamental expectations are based on foreign investment?
  • How will the cooperation with AWI specifically contribute to revenue?

Related Topics

Guoqiao
PeopleZhang Huiwen
OrganizationsAWIHongguang New TechnologyGoldman Sachs
PlacesTaipeiTaiwanJapan
TopicsRevenueforeign capitaldaily limitSemiconductor materialsAWIHongguang New Technology
This article was originally published by 自由时报.

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