 2015-11-10 |
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YC (4306-TW), the leader in the adhesive tape industry, inaugurated its new headquarters in Neihu, Taipei, and announced its goal to double its revenue within five years. Boosted by this news, the stock surged nearly 6% today, continuing yesterday's upward trend. The intraday stock price reached NT$14.25, standing above three short-term moving averages, showing strong bullish momentum.
YC Group President Li Zhixian recently stated that, including Achem (1715-TW) and Shin Kong (3171-TW), the group aims to achieve double revenue growth within five years by reorganizing its presence in the Chinese market, striving to build a global adhesive tape empire. In terms of products, the annual production capacity of OPP tape is expected to reach 2.87 billion square meters, and PVC tape will reach 270 million square meters.
Encouraged by this news, foreign investors bought shares of Yanzhou over the past three trading days, with a significant purchase of 1,899 shares yesterday, pushing YC's stock price up to NT$13.55, reclaiming the three short-term moving averages.
Today, the bullish momentum continues. Despite the Taiwan Stock Exchange dropping below 8,600 points, Yanzhou defied the trend, opening higher and continuing to rise, with the intraday stock price climbing to NT$14.25, a nearly 6% increase. |
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