4 brokers report default; rebound with market on 28th
Taiwan Stock Exchange announced on the 28th that PCB flexible-board maker Taiflex (6269) had a default delivery, reported by SinoPac Securities Tainan Branch, Yuanta Securities Taoxing Branch, E.Sun Securities Chengzhong Branch and SinoPac Securities, 4 firms in total, amounting to 3308 wan 8081 yuan. The Taiwan stock market closed up 939 points that day, retaking the 47,000-point level, and Taiflex closed up NT$3.8, or 4.85%, at NT$82.2, rising in line with the market. This case is the 14th large default delivery case in the centralized market this year; combined with the over-the-counter market, the cumulative total for the year has reached 27 cases, ranking 11th by amount among disclosed individual cases this year.
NVIDIA-named PTFE theme; 4 consecutive limit-up sessions
Taiflex recently drew market attention on an AI-related high-speed transmission materials theme. NVIDIA previously named Taiflex on its polytetrafluoroethylene (PTFE) related partner supplier list at the Open Compute Project (OCP) Global Summit; PTFE, commonly known as Teflon, is related to high-speed transmission materials. As the news spread, market buying further pushed up the share price, and Taiflex posted 4 consecutive daily limit-up closes, becoming one of the recently watched PCB concept stocks.
Pullback after surge; corresponds to Oct. 22 trading
Taiflex shares pulled back after consecutive gains, falling on Oct. 21, 22 and 27, before rebounding on the 28th. Under Taiwan's current trading system, stock trades are settled on the 2nd business day after execution, so the Taiflex default delivery case announced by the TWSE on the 28th corresponds to stock trading on Oct. 22. That day the Taiwan market closed down 846.34 points, while Taiflex fell NT$7.9, or 9.12%, to close at NT$78.7.
27 cases cumulatively this year; highest is Iteq at 300 million
According to market statistics for this year, Iteq reported a default delivery amounting to NT$319.3 million on Sept. 21, the highest individual case by amount so far. Chia-ever was reported at NT$1 yi 4950 wan yuan on June 9, ranking second, with both cases exceeding 100 million yuan in scale. Other higher-amount individual cases include Compeq, AUO and Macronix, with amounts of NT$85.74 million, NT$73.25 million and 5902 wan yuan respectively, ranking third to fifth in related statistics. Taiflex's 3308 wan 8081 yuan this time ranks 11th among disclosed individual cases this year, showing that settlement risks also rise as hot-theme stocks fluctuate sharply.