Focus Stocks》Taiwan Glass: The skyrocketing volume hit the daily limit, retail investors carnivally shouted monster stocks
The stock price of the fiberglass cloth group is soaring. The single-day trading volume of Taiwan Glass exceeds 359,000. The legal person reminds us to be cautious because the price-to-earnings ratio is too high.
Quick Look
- The stock price of Taiwan Glass (1802) exploded to 84.3 yuan, a new high in more than 36 years, with trading volume exceeding 359,000 contracts.
- Foreign investors have been overbuying for 4 consecutive days, and investment trust has been overbuying for 3 consecutive days.
- The legal person believes that the bullish momentum is strong, but reminds that the price-to-earnings ratio is not low, and investors need to be cautious when entering the market.
AI-generated summary
Why It Matters
Recently, the stock price of the fiberglass cloth group has skyrocketed. Taiwan Glass's stock price opened high again in early trading today, but the selling pressure came out immediately, and it once fell back to 78.2 yuan. However, the bulls were strong, and a single large order of nearly 40,000 orders went straight to the daily limit of 84.3 yuan. The stock price hit a new high in more than 36 years.
Recently, the stock price of fiberglass cloth group has been soaring. Today, the stock price of glass stock Taiwan Glass (1802) opened high again in early trading, but then the selling pressure came out. It once fell back to 78.2 yuan. However, the bullish momentum was strong and a single trade broke out. Nearly 40,000 large orders hit the daily limit of 84.3 yuan, and the stock price hit a new high in more than 36 years. As of 10:15, the daily limit of Taiwan Glass's stock price has opened, temporarily trading at 84 yuan, and the trading volume has exceeded 359,000.
Yesterday, more than 80,000 Taiwan Glass borrowed bonds were sold. Many short-selling retail investors shouted "Run" early in the morning. Some retail investors laughed and said, "The Air Force has stopped losses at a very undignified position."
Observing the dynamics of the three major legal entities, foreign investors bought over 124,400 lots for 4 consecutive days, Investment Bank bought over 6,694 lots for 3 consecutive days, and self-operated traders oversold 4,632 lots for 5 consecutive days. The main brokers bought over 73,000 lots yesterday, and the overbuying brokers were mainly Fubon, KGI City Center, and KGI Taipei. The legal person also reminded that Taiwan Glass’s after-tax earnings per share (EPS) in the first three quarters was 1.57 yuan, and the full-year EPS is difficult to exceed 3 yuan. The current price-to-earnings ratio is not low, and investors entering the market should be more careful.
Open Questions
- Can Taiwan Glass’ stock price continue to maintain its daily limit?
- Will retail investors’ short selling cause greater losses?
- What is the future trend of Taibo's stock price?
