Market Plunges 667 Points, Yageo Closes at NT$543
The TAIEX opened lower and moved lower on October 29, closing at 46368.33 points, down 667.25 points, or 1.42%, with turnover of NT$789.152 billion. Passive component leader Yageo (2327) opened lower and fluctuated to close in negative territory. Despite turning positive several times intraday, it still closed down 0.73% at NT$543. According to post-market trading data released by the Taiwan Stock Exchange, proprietary dealers sold a net total of about NT$21.5 billion, of which proprietary trading for their own accounts sold a net NT$184 million.
Q3 Revenue Hits Record High, EPS Reaches NT$5.83
Yageo released its third-quarter results after the market closed today, with consolidated revenue reaching NT$49.532 billion, up 11.4% quarter-on-quarter and 49.7% year-on-year, setting a new quarterly revenue record. Net profit attributable to the company was NT$11.981 billion, up 27.2% quarter-on-quarter and 88.5% year-on-year, with earnings per share of NT$5.83, up 27.2% quarter-on-quarter and 88.4% year-on-year. Gross margin for the quarter was 41%, and operating margin was 29.5%. For the first three quarters, consolidated revenue reached 1321.54 hundred million NT dollars, up 36.3% year-on-year, with net profit attributable to parent company of NT$29.4 billion, up 74.1% year-on-year, for total earnings per share of NT$14.32. Gross margin for the first three quarters was 39.3%, up 3.5 percentage points year-on-year, and operating margin was 27.2%, up 5.5 percentage points year-on-year.
Strong AI Momentum, Focus on Structural Shift
Yageo said growth in consolidated revenue in the first three quarters mainly came from strong momentum in AI-related application demand, with stable demand growth for both standard and specialty products, and all end-application segments maintaining moderate growth. Looking ahead, as AI application demand continues to grow, the electronic components industry is undergoing a structural shift, which the company will continue to monitor closely. Despite ongoing geopolitical uncertainty, customer inventory levels remain healthy. The company will respond prudently to economic changes and flexibly adjust to mitigate the impact of tariff policies and exchange rate fluctuations.
Proprietary Dealers Add Positions for 3rd Straight Day, Spending Nearly NT$120 Million
In terms of trading chips, foreign investors sold a net 3,853 lots, the largest selling amount, while investment trusts and proprietary dealers were buyers. Proprietary trading for their own accounts bought a net 220 lots, spending nearly NT$120 million, marking the third consecutive day of net buying. According to Taiwan Stock Exchange data, the top ten stocks bought by proprietary dealers today were Walsin Technology with 383 lots, Nanya Technology with 289 lots, WPG Holdings with 278 lots, Formosa Petrochemical with 257 lots, Chi Mei Materials with 239 lots, ASE Technology Holding with 229 lots, Yageo with 220 lots, Genius Electronic Optical with 217 lots, Longchen Paper with 204 lots, and GIS-KY with 178 lots.