Focus Stocks》South Asia: A wave of securities lending and covering has emerged, heading straight to the daily limit

The balance of plastic stock Nanya (1303) borrowed and sold hit a new high last Friday, reaching 167,000, and it has become a boost to the daily limit today! Fifteen minutes after the opening, it went straight to the daily limit of 263 yuan. As of 9:51, the trading volume exceeded 37,700 contracts, and the number of buy orders at the daily limit exceeded 17,000.

Nanya announced last Friday that its revenue in October reached 34.942 billion yuan, a monthly increase of 1.5% and an annual increase of 64.6%, setting a new high for 55 consecutive months. Among them, electronic materials revenue accounted for 61.5%, becoming the main growth driver. Nanya pointed out that as global cloud service companies continue to expand AI data centers, demand for high-speed transmission and high-end electronic materials has increased significantly, and market supply is still relatively tight, driving product sales and prices to rise simultaneously. Nanya is optimistic that revenue in November and the overall fourth quarter will continue to rise, and it will continue to promote high-end material certification and mass production, adding growth momentum to subsequent operations.

Observing the dynamics of the three major legal persons, foreign investors have sold more than 78,000 contracts for 7 consecutive trading days, investment banks have sold more than 22,600 contracts for 9 consecutive trading days, and self-operated traders have sold more than 5,725 contracts for 3 consecutive trading days. The main force sold more than 263 contracts last Friday. 6 contracts, however, KGI Taipei, Merrill Lynch, and Wing Fung each bought more than 2,000 contracts; legal persons believe that Nanya’s stock price has fallen from a high of 350.5 yuan, and the decline has been deep. The fundamentals are good, and the price-to-earnings ratio is still low, making it a low-end buying target.