Breaking
RUNorth Korea fires several missiles, Seoul saysPLNurse attacked with a knife. Dangerous situation in Skarżysko-KamiennaCNDBS Asia Foresight Summit debuts, TikTok Week investor Intel Chen Liwu gathers to discuss new business opportunities in the AI eraCNFocus Stocks》Wang Silicon: Foreign investors support the market with continuous buying and attack the daily limitAURobert Pether was detained in Iraq in 2021 and his family feared he would die in jail. Now he’s coming homeINWhy it's raining in Delhi despite monsoon end?CNBamboo City will add 6 new and relocate 1 technology law enforcement facilities in January next yearRUThe US called for an investigation into the role of Starlink in the attack on a college in StarobelskRUIn Ukraine, they were afraid of the conflict between Zelensky and TrumpCNNippon Jobs" Shinnosuke Abe, who was involved in a domestic violence case, is expected to return to the Giants. Japanese media revealed that the team has already invited him backRUNorth Korea fires several missiles, Seoul saysPLNurse attacked with a knife. Dangerous situation in Skarżysko-KamiennaCNDBS Asia Foresight Summit debuts, TikTok Week investor Intel Chen Liwu gathers to discuss new business opportunities in the AI eraCNFocus Stocks》Wang Silicon: Foreign investors support the market with continuous buying and attack the daily limitAURobert Pether was detained in Iraq in 2021 and his family feared he would die in jail. Now he’s coming homeINWhy it's raining in Delhi despite monsoon end?CNBamboo City will add 6 new and relocate 1 technology law enforcement facilities in January next yearRUThe US called for an investigation into the role of Starlink in the attack on a college in StarobelskRUIn Ukraine, they were afraid of the conflict between Zelensky and TrumpCNNippon Jobs" Shinnosuke Abe, who was involved in a domestic violence case, is expected to return to the Giants. Japanese media revealed that the team has already invited him back
Newsgather
All StoriesWorldSportsFinanceTechScienceHealthCultureClimatePoliticsSpace
BackFocus Stocks》Jingshuo: Huida CPU big order is coming! Foreign capital calls for sky-high prices
Focus Stocks》Jingshuo: Huida CPU big order is coming! Foreign capital calls for sky-high prices
Urgent
自由时报1 hour agoBusiness1 min readChinaView original

Focus Stocks》Jingshuo: Huida CPU big order is coming! Foreign capital calls for sky-high prices

Jing ShuoHuidaABF carrier board

Quick Look

  • American foreign investors raised the target price of Jingshuo from 1,250 yuan to 1,450 yuan.
  • It is estimated that its CPU carrier board revenue from Huida servers will account for 15%-20% in 2027, and AI-related applications will account for 50% of ABF carrier board business revenue in 2028.
  • Jingshuo's gross profit margin is expected to reach 27.8% in the third quarter, rising to 29.3% in the fourth quarter, and its long-term gross profit margin is expected to reach 32.5%.

AI-generated summary

Why It Matters

Jingshuo is an IC carrier board manufacturer that has attracted the attention of foreign investors after receiving a large order from Huida CPU. The proportion of its high-end ABF carrier boards in the AI ​​server market continues to increase.

Font size

American foreign investors raised the target price of Jingshuo to 1,450 yuan. (Photo by reporter Zhuo Yijun)

[Reporter Zhuo Yijun/Reported in Taipei] IC carrier board manufacturer Jingshuo (3189) is highly optimistic about its future operating growth because it has received a large order from Huida CPU. American foreign investors issued a latest report that revised Jingshuo's profit and target price. American foreign investors pointed out that Jingshuo continues to improve its layout in the AI server market through high-end ABF carrier boards. The target price will be raised from 1,250 yuan to 1,450 yuan. It is estimated that in 2027, Jingshuo's CPU carrier board revenue from Huida servers will account for 15% to 20%. By 2028, AI-related applications will account for 50% of ABF carrier board business revenue.

As of around 9:50, Jingshuo's share price fell 0.93%, temporarily trading at 1,065 yuan, with a trading volume of more than 2,121 contracts.

Please read on...

American foreign investors estimate that Jingshuo's gross profit margin will reach 27.8% in the third quarter, and is expected to further increase to 29.3% in the fourth quarter. The main driving force for gross profit margin and revenue growth comes from the continued increase in product prices and improvement of product mix.

Looking forward to 2027, driven by the continued optimization of the product portfolio and the increase in capacity utilization, Jingshuo's gross profit margin is expected to further rise to 32.5%. In addition, AI CPU and optical communication modules will drive continued growth. As for the short and medium-term growth momentum of BT carrier boards, it mainly comes from the demand for DSP (digital signal processor) and transceiver (optical engine) required for pluggable optical communication modules.

Grasp the economic pulse with one hand. Click here to subscribe to Free Finance Youtube channel

What to Watch

AI outlook — possibilities, not facts

  • Jingshuo's CPU carrier board revenue from Huida servers will account for 15%-20% in 2027

    Likely · Within years

  • Jingshuo's AI-related applications will account for 50% of ABF's carrier board business revenue in 2028

    Possible · Within years

  • Jingshuo's long-term gross profit margin will rise to 32.5%

    Possible · Within years

Open Questions

  • Can Jingshuo maintain its competitive advantage in the AI ​​carrier board market?
  • How will Huida's future growth in CPU demand affect Jingshuo's revenue?

Related Topics

Jing Shuo
PeopleZhuo Yijun
OrganizationsHuida
PlacesTaipei
TopicsHuidaABF carrier boardAI serverGross profit margintarget priceforeign capital
This article was originally published by 自由时报.

Related Stories

Has the negative impact on gold been reflected? UBS is optimistic about gold price rebound, the key lies in "this market"
Developing·

Has the negative impact on gold been reflected? UBS is optimistic about gold price rebound, the key lies in "this market"

UBS believes that the worst moment of gold's adjustment driven by the Federal Reserve's hawkish expectations may have passed. As the U.S. labor market shows signs of cooling, gold buying opportunities are gradually emerging. Gold prices are seeking support around $4,140 to $4,200. History shows that gold prices often rebound after U.S. bond yields fall.

自由时报
2 min read
What signals did the China Securities Regulatory Commission convene to convene an expert symposium to stabilize the market?
Developing·

What signals did the China Securities Regulatory Commission convene to convene an expert symposium to stabilize the market?

On October 10, Wu Qing, Secretary and Chairman of the Party Committee of the China Securities Regulatory Commission, held an expert symposium on capital markets and financial situations in Beijing to have in-depth exchanges with heads of listed companies and experts from securities fund institutions. Participants believed that my country's macro-economy is stable and improving, and proposed to continue to strengthen the construction of market stabilization mechanisms, expand medium and long-term funding sources, develop and expand patient capital, promote qualified listed companies to increase dividend repurchases, and improve investor returns and rights protection mechanisms. Qian Shengdong, investment consultant of Galaxy Securities, pointed out that the core of the symposium was to stabilize expectations rather than strong stimulus, and the policy was developed around the two main lines of capital and return. He Li, chief investment adviser of Cathay Pacific Haitong, said that the symposium unified the consensus on the market situation and made it clear that we should continue to strengthen the construction of market stabilization mechanisms, research and reserve more incremental policy tools. The symposium will regard broadening channels for medium- and long-term funds to enter the market as an important direction, and proposes to promote qualified listed companies to increase dividend repurchase efforts and improve investor returns and rights protection mechanisms. Just the day before the symposium, the China Securities Regulatory Commission publicly solicited opinions on the "Measures for the Operation and Management of Publicly Offered Securities Investment Funds (Draft for Comment)" and planned to lower the establishment thresholds for stock funds, hybrid funds, funds of funds and other products from 200 million yuan and 200 million units to 50 million yuan and 50 million units. He Li believes that the entry of medium and long-term funds into the market will open up the entry path of long-term funds such as social security, annuities, and insurance, optimize the long-term assessment mechanism of various institutional funds, improve the original speculative atmosphere of the market, and consolidate the long-term stable funding foundation. In terms of investor returns, in addition to promoting dividend buybacks, promoting investor education on indexed investments and improving the delisting system are also important links in improving investor returns. Qian Shengdong analyzed that the capital side is likely to advance along two paths: lowering market entry thresholds and expanding long-term capital sources: on the one hand, it will relax the constraints on product establishment and operation through new public offering regulations, and on the other hand, it will further optimize the market entry channels and investment ratios of long-term funds such as social security, insurance funds, and corporate annuities. He believes that this is more beneficial to leading companies with solid performance and stable cash flow. It is difficult for themed small market capitalization companies to obtain the favor of long-term funds; on the return side, it is necessary to move forward post-event supervision into institutional incentives to promote the normalization of dividend repurchases. The above content is only the guest's personal opinion and does not serve as investment advice. Investment is risky, so be cautious when entering the market.

中国新闻网
2 min read
DBS Asia Foresight Summit debuts, TikTok Week investor Intel Chen Liwu gathers to discuss new business opportunities in the AI era
BREAKING·

DBS Asia Foresight Summit debuts, TikTok Week investor Intel Chen Liwu gathers to discuss new business opportunities in the AI era

DBS Group held the "DBS Asia Foresight Summit" in Singapore, inviting Singapore Prime Minister Lawrence Wong, TikTok CEO Zhou Shouzi, Intel CEO Chen Liwu and other leaders to discuss how AI can change industries, business models and work patterns, redefine value creation and capital flows, and influence the future strategic choices of Asian business leaders.

自由时报
3 min read
Focus Stocks》Wang Silicon: Foreign investors support the market with continuous buying and attack the daily limit
BREAKING·

Focus Stocks》Wang Silicon: Foreign investors support the market with continuous buying and attack the daily limit

Wangsi (6223) benefited from the demand for high-end probe cards driven by AI and efficient computing applications, and its stock price stormed past the daily limit of 6,130 yuan during the session, returning to the 6,000 yuan mark. Foreign investors bought more than 1,636 contracts for eight consecutive days, and the three major legal entities bought more than 120 contracts last Thursday. The company's consolidated revenue in September was 2.048 billion yuan, an annual increase of 82.23%. Revenue in the third quarter was 5.901 billion yuan, a quarterly increase of 12.9%, an annual increase of approximately 72.9%, and a new high. Samsung Electronics selected two test equipment suppliers verified by TSMC to develop silicon photonics technology, and Wangsi was one of them.

自由时报
2 min read
Cultivate a new growth pole for the event economy
Business·

Cultivate a new growth pole for the event economy

During this year’s National Day Golden Week, top international events such as the China Tennis Open and the WTT China Grand Slam are heating up simultaneously with grassroots events such as the Guizhou Village Super League International Friendly Tournament and the Village BA National Finals. Watching games and participating in sports have become a new trend in holiday leisure. The article points out that sports events connect people's spiritual and cultural life with cultural and sports industry consumption, and are an important way to activate domestic demand. However, my country's event economy is still in the cultivation stage, and there is a problem of "focusing on hosting events and neglecting operations". It is difficult to convert the popularity of the competition into a stable economic increase. To achieve sustainable development, it is necessary to meet the needs of the public, create a multi-level event system, break down the walls of the stadium and integrate into the daily life of the city, and improve the long-term IP operation model, so that event traffic can be converted into retention, popularity can become normal, and truly empower the overall economy.

中国新闻网
3 min read
More on this topicJing Shuo