Economic Daily News / Yih-Lang Chou Industry Analysis: ACHEM (1715) is the first domestic manufacturer to produce SPVC and OPP tapes and is internationally renowned for its pioneering acrylic solvent-based BOPP sealing tape. It is also the first tape company in Taiwan to be listed on the stock market. Reasons for Optimism: ACHEM is seeing significant growth due to the shortage in the PVC tape market. Additionally, the Yangmei plant in Taiwan has increased its production of polyethylene (PE) blown film to 300 tons per month and coating lines to 3.6 million square meters per month, resulting in substantial operational growth in the second quarter. Investment Strategy: On the 2nd, the stock closed at NT$15.65, down NT$0.05. Foreign investment was primarily buying last week. The stock price remains above the three major moving averages, indicating a bullish trend.
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2013-08-05