Focus Stocks》Guoqiao: Revenue surged in September, foreign investors bought heavily

Guoqiao's September revenue surged + foreign investors bought heavily, and the stock price hit the daily limit. (File photo)

[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.

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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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