台股深度選股 · 2026-10-22

活躍 picks

長期 / 短中期

12 / 12

平均報酬

+0.00%

勝率

資料日

2026-10-22

最後更新

18:00:11

💰 銅板股高波動、題材驅動，短中期操作為主

2409 友達長期

光電業 · 市值 2,671.7 億 · 成交量 292,488.2 張

35.40 -4.97%

240 曆日價格報酬 +116.5%外資 -41,971 張法人首次進場

🧘 纏論

- 收盤: **33.45** | 60日高: 43.55 | 60日低: 22.10 | 振幅: 64.1%

📈 技術

- 收盤: **33.45** | MA5: 35.71 | MA13: 36.03 | MA27: 34.67 | MA54: 30.55 - RSI(14): **47.5** (中性) | 趨勢: **盤整/糾結** - 區間高: 40.45 | 區間低: 22.20 | 波動: 54.6%

💰 估值

- 市值: **2,671.7 億** | 收盤: 35.40 | 成交量: 292,488.2 張 - 60/120/240 為日曆日回溯原始價格報酬；20 曆日相對報酬扣除當日有效樣本等權均值。未含股息或除權息調整，不代表總報酬或相對加權指數報酬。

🏛 法人

日期	外資	投信	自營	合計
2026-10-27	-95,960	+3,520	-2,775	-95,215
2026-10-22	-41,971	+4,839	-9,471	-46,603
2026-10-21	+44,548	+3,309	+8,583	+56,440
2026-10-20	-31,610	+3,057	-1,748	-30,301
2026-10-19	+8,762	+3,141	+3,489	+15,392
2026-10-16	+23,367	+72	-2,992	+20,447
2026-10-15	-9,715	+234	-4,313	-13,793
2026-10-14	+4,528	+24	+3,787	+8,339

**近 8 日累積**：外資 -98,052 張｜投信 +18,197 張｜自營 -5,439 張｜合計 -85,294 張

💴 融資

- 今日融資: **0 張** | 融券: **0 張** | 融資融券比: —

📊 季報

季度	營收(億)	毛利(億)	營業利益(億)	淨利(億)	EPS
25Q03	721.0	87.8	11.4	32.6	0.43
25Q06	692.4	93.6	15.0	19.0	0.26
25Q09	699.1	66.9	-18.1	-11.0	-0.17
25Q12	701.4	75.2	-18.9	29.2	0.38
26Q03	690.3	81.8	-6.4	-10.4	-0.15
26Q06	708.9	92.5	2.2	21.2	0.18

🧬 ROE

_查無 ROE 資料_

📈 月營收

_最新 YoY: **-4.3%** | 資料來源：FinMind TaiwanStockMonthRevenue_

💵 配息

年度	現金	合計
110年	1.00	1.00
111年	0.00	0.00
112年	0.00	0.00
113年	0.00	0.00
114年	0.40	0.40

📰 新聞

· 面板雙虎不同調！友達衝高翻黑群創一度漲逾4% 分析師建議先觀望 - Yahoo股市

2026-10-27 02:13:05 · Yahoo股市

· 2409 友達 - 美國今天大漲我們也差不多星期二大漲喔- 股市爆料同學會 - CMoney

2026-10-26 14:27:34 · CMoney

· 2409 友達 - 最近身邊有些人會問我是不是打算退休了？如果友達100就退休！ - 股市爆料同學會 - CMoney

2026-10-26 08:31:54 · CMoney

· 討論牆 | 盤中速報 - 友達(2409)大漲7.11%，報31.65元 - LINE TODAY

2026-10-26 02:59:06 · LINE TODAY

· 2409 友達 - 🥰星期二友達33.4～37.4華邦電147.5～161.5 - 股市爆料同學會 - CMoney

2026-10-25 22:11:25 · CMoney

💡 觀察

- 目前股價位於近一年區間的 76%，處於中段。
- 當日三大法人合計賣超 495,362 張，籌碼面偏空。
- 融資餘額 286,003 張，今日減 3,876 張，散戶去槓桿。
- 融券餘額 14,122 張（融券做空者少，多方力道強）。
- P/E 139.4 偏高，估值可能偏貴。

🔬 Deep-dive

# Tiger Global Growth Equity — Deep Dive

You are a **growth equity analyst at Tiger Global**, modeled after the firm's
publicly documented investment framework. Apply this to:

**Target Company**: 2409 友達 (光電業)
**Current Price**: NT$35.40
**Market Cap**: NT$267,167M
**Price Return (calendar days)**: +38.3% (60d), +116.5% (240d)
**Volume (data date)**: 292,488.2 張
**Latest News (last 5 days)**:
  - 面板雙虎不同調！友達衝高翻黑 群創一度漲逾4% 分析師建議先觀望 - Yahoo股市
  - 2409 友達 - 美國今天大漲我們也差不多星期二大漲喔- 股市爆料同學會 - CMoney
  - 2409 友達 - 最近身邊有些人會問我是不是打算退休了？如果友達100就退休！ - 股市爆料同學會 - CMoney

## Your Task

Produce a **one-page investment memo** with these 10 sections:

1. **Business Quality Assessment** (Score 1-10)
   - What does this company do in 1-2 sentences?
   - What is the durable competitive advantage (moat)?
   - What is the TAM and where in the S-curve is this company?

2. **Rule of 40 Check**
   - Revenue growth rate (YoY) +
   - EBITDA margin (or operating margin if EBITDA unavailable) =
   - Is it > 40%?

3. **Net Revenue Retention**
   - Estimate NRR from any available data (existing customer growth, expansion, churn)
   - Target: > 120% for healthy SaaS-like businesses

4. **Unit Economics**
   - Gross margin trajectory (improving / stable / declining)
   - Operating margin path to profitability
   - Any signs of cost discipline?

5. **Capital Allocation**
   - Where is the company investing? (R&D, M&A, capex)
   - Insider ownership % and recent transactions
   - Any buybacks, dividends, dilution?

6. **Comparable Multiples**
   - Industry peers and their P/E, P/S, EV/EBITDA
   - Where does 2409 sit relative to peers?
   - Is the premium / discount justified?

7. **Bull Case** (3-5 bullet points, base rates cited)

8. **Bear Case** (3-5 bullet points, specific downside scenarios)

9. **Catalysts** (next 12 months, ranked by impact)
   - Product launches, earnings, regulatory, macro

10. **Investment Decision** (1 paragraph)
    - Position size (small / medium / large)
    - Entry trigger (price level or condition)
    - Stop loss level
    - 12-month price target with reasoning
    - Conviction level (low / medium / high)

## Constraints

- Cite specific numbers, not vague statements
- Reference real comparable companies (e.g., for Taiwan semiconductor, compare to TSMC peers)
- Output should fit on a single printed page
- Use markdown tables for comparable analysis
- **No buy/sell recommendation** without explicit risk framework

📊 Market Report 🎛 Ticker Dashboard 🏛 Wall Street 📋 Research

2883 凱基金長期

金融保險業 · 市值 6,407.9 億 · 成交量 38,039.3 張

37.75 -1.31%

240 曆日價格報酬 +81.1%外資 -9,347 張法人首次進場

🧘 纏論

- 收盤: **38.45** | 60日高: 40.80 | 60日低: 28.35 | 振幅: 32.4%

📈 技術

- 收盤: **38.45** | MA5: 37.98 | MA13: 38.16 | MA27: 38.49 | MA54: 35.70 - RSI(14): **55.1** (中性) | 趨勢: **盤整/糾結** - 區間高: 40.45 | 區間低: 28.95 | 波動: 29.9%

💰 估值

- 市值: **6,407.9 億** | 收盤: 37.75 | 成交量: 38,039.3 張 - 60/120/240 為日曆日回溯原始價格報酬；20 曆日相對報酬扣除當日有效樣本等權均值。未含股息或除權息調整，不代表總報酬或相對加權指數報酬。

🏛 法人

日期	外資	投信	自營	合計
2026-10-27	-36	+4,145	+1,579	+5,688
2026-10-22	-9,347	+546	+3,782	-5,019
2026-10-21	+2,191	+3,453	+940	+6,583
2026-10-20	-11,263	-1,234	+3,242	-9,255
2026-10-19	-6,967	-1,658	+4,253	-4,372
2026-10-16	+19,373	-2,235	+1,365	+18,503
2026-10-15	-2,694	+1,058	+9,939	+8,303
2026-10-14	-1,801	+145	+424	-1,232

**近 8 日累積**：外資 -10,543 張｜投信 +4,220 張｜自營 +25,524 張｜合計 +19,200 張

💴 融資

- 今日融資: **0 張** | 融券: **0 張** | 融資融券比: —

📊 季報

季度	營收(億)	毛利(億)	營業利益(億)	淨利(億)	EPS
25Q03	271.4	—	—	—	0.52
25Q06	-3.6	—	—	—	-0.23
25Q09	100.7	—	—	—	0.80
25Q12	274.5	—	—	—	0.65
26Q03	235.7	—	—	—	0.69
26Q06	384.5	—	—	—	0.95

🧬 ROE

_查無 ROE 資料_

📈 月營收

_最新 YoY: **-46.7%** | 資料來源：FinMind TaiwanStockMonthRevenue_

💵 配息

年度	現金	股票	合計
109年	0.55	0.00	0.55
110年	1.00	0.00	1.00
112年	0.50	0.00	0.50
113年	0.85	0.10	0.95
114年	1.00	0.00	1.00

📰 新聞

· 凱基金放量飆2.68％！幕後功臣曝光 72萬股東笑了 - 自由時報

2026-10-25 04:33:16 · 自由時報

· 2金控現增接力秀！永豐金股東下月初繳款　凱基金上周送件　 - ETtoday財經雲

2026-10-24 01:19:00 · ETtoday財經雲

💡 觀察

- 目前股價位於近一年區間的 92%（接近 52 週高），留意短線過熱風險。
- 當日三大法人合計買超 78,670 張，籌碼面偏多。
- 融資餘額 9,328 張，今日增 388 張，散戶加槓桿偏多。
- 融券餘額 232 張（融券做空者少，多方力道強）。

🔬 Deep-dive

# Tiger Global Growth Equity — Deep Dive

You are a **growth equity analyst at Tiger Global**, modeled after the firm's
publicly documented investment framework. Apply this to:

**Target Company**: 2883 凱基金 (金融保險業)
**Current Price**: NT$37.75
**Market Cap**: NT$640,792M
**Price Return (calendar days)**: +19.7% (60d), +81.1% (240d)
**Volume (data date)**: 38,039.3 張
**Latest News (last 5 days)**:
  - 凱基金放量飆2.68％！幕後功臣曝光 72萬股東笑了 - 自由時報
  - 2金控現增接力秀！永豐金股東下月初繳款　凱基金上周送件　 - ETtoday財經雲

## Your Task

Produce a **one-page investment memo** with these 10 sections:

1. **Business Quality Assessment** (Score 1-10)
   - What does this company do in 1-2 sentences?
   - What is the durable competitive advantage (moat)?
   - What is the TAM and where in the S-curve is this company?

2. **Rule of 40 Check**
   - Revenue growth rate (YoY) +
   - EBITDA margin (or operating margin if EBITDA unavailable) =
   - Is it > 40%?

3. **Net Revenue Retention**
   - Estimate NRR from any available data (existing customer growth, expansion, churn)
   - Target: > 120% for healthy SaaS-like businesses

4. **Unit Economics**
   - Gross margin trajectory (improving / stable / declining)
   - Operating margin path to profitability
   - Any signs of cost discipline?

5. **Capital Allocation**
   - Where is the company investing? (R&D, M&A, capex)
   - Insider ownership % and recent transactions
   - Any buybacks, dividends, dilution?

6. **Comparable Multiples**
   - Industry peers and their P/E, P/S, EV/EBITDA
   - Where does 2883 sit relative to peers?
   - Is the premium / discount justified?

7. **Bull Case** (3-5 bullet points, base rates cited)

8. **Bear Case** (3-5 bullet points, specific downside scenarios)

9. **Catalysts** (next 12 months, ranked by impact)
   - Product launches, earnings, regulatory, macro

10. **Investment Decision** (1 paragraph)
    - Position size (small / medium / large)
    - Entry trigger (price level or condition)
    - Stop loss level
    - 12-month price target with reasoning
    - Conviction level (low / medium / high)

## Constraints

- Cite specific numbers, not vague statements
- Reference real comparable companies (e.g., for Taiwan semiconductor, compare to TSMC peers)
- Output should fit on a single printed page
- Use markdown tables for comparable analysis
- **No buy/sell recommendation** without explicit risk framework

📊 Market Report 🎛 Ticker Dashboard 🏛 Wall Street 📋 Research

2887 台新新光金長期

金融保險業 · 市值 10,573.4 億 · 成交量 43,659.8 張

42.10 +0.36%

240 曆日價格報酬 +66.4%外資 +12,843 張RSI 51 甜蜜區

🧘 纏論

- 收盤: **42.20** | 60日高: 44.80 | 60日低: 31.85 | 振幅: 30.7%

📈 技術

- 收盤: **42.20** | MA5: 41.92 | MA13: 41.97 | MA27: 42.44 | MA54: 40.24 - RSI(14): **53.2** (中性) | 趨勢: **盤整/糾結** - 區間高: 44.40 | 區間低: 32.60 | 波動: 28.0%

💰 估值

- 市值: **10,573.4 億** | 收盤: 42.10 | 成交量: 43,659.8 張 - 60/120/240 為日曆日回溯原始價格報酬；20 曆日相對報酬扣除當日有效樣本等權均值。未含股息或除權息調整，不代表總報酬或相對加權指數報酬。

🏛 法人

日期	外資	投信	自營	合計
2026-10-27	-263	+1,394	+2,162	+3,293
2026-10-22	+12,843	-1,773	+3,789	+14,859
2026-10-21	+10,074	-1,223	+934	+9,785
2026-10-20	-22,524	-673	+3,568	-19,629
2026-10-19	-3,030	+3,915	+4,776	+5,661
2026-10-16	+12,663	-2,602	+1,137	+11,198
2026-10-15	-15,172	+3,250	+11,094	-828
2026-10-14	-8,324	-1,191	+463	-9,053

**近 8 日累積**：外資 -13,734 張｜投信 +1,097 張｜自營 +27,922 張｜合計 +15,285 張

💴 融資

- 今日融資: **0 張** | 融券: **0 張** | 融資融券比: —

📊 季報

季度	營收(億)	毛利(億)	營業利益(億)	淨利(億)	EPS
25Q03	247.6	—	—	—	0.33
25Q06	199.7	—	—	—	0.38
25Q09	449.1	—	—	—	0.59
25Q12	609.2	—	—	—	0.61
26Q03	478.7	—	—	—	0.82
26Q06	497.8	—	—	—	0.88

🧬 ROE

_查無 ROE 資料_

📈 月營收

_最新 YoY: **-30.8%** | 資料來源：FinMind TaiwanStockMonthRevenue_

💵 配息

年度	現金	股票	合計
110年	0.60	0.49	1.10
111年	0.51	0.42	0.93
112年	0.60	0.40	1.00
113年	0.90	0.00	0.90
114年	1.00	0.10	1.10

📰 新聞

· 味全龍封王優惠來了！台新新光金祭刷卡抽5000點、基金申購0元手續費 - UDN

2026-10-26 11:48:54 · UDN

· 2887 台新新光金- 台新的強項在銀行端，銀行合併有助於金控獲利的「穩定定錨」 - 股市爆料同學會 - CMoney

2026-10-24 00:24:40 · CMoney

· 2887 台新新光金- 金融股撐盤！一堆寫下新天價- 股市爆料同學會 - CMoney

2026-10-23 00:00:45 · CMoney

💡 觀察

- 目前股價位於近一年區間的 92%（接近 52 週高），留意短線過熱風險。
- 當日三大法人合計買超 61,927 張，籌碼面偏多。
- 融資餘額 42,022 張，今日減 883 張，散戶去槓桿。
- 融券餘額 1,157 張（融券做空者少，多方力道強）。

🔬 Deep-dive

# Tiger Global Growth Equity — Deep Dive

You are a **growth equity analyst at Tiger Global**, modeled after the firm's
publicly documented investment framework. Apply this to:

**Target Company**: 2887 台新新光金 (金融保險業)
**Current Price**: NT$42.10
**Market Cap**: NT$1,057,344M
**Price Return (calendar days)**: +13.0% (60d), +66.4% (240d)
**Volume (data date)**: 43,659.8 張
**Latest News (last 5 days)**:
  - 味全龍封王優惠來了！台新新光金祭刷卡抽5000點、基金申購0元手續費 - UDN
  - 2887 台新新光金- 台新的強項在銀行端，銀行合併有助於金控獲利的「穩定定錨」 - 股市爆料同學會 - CMoney
  - 2887 台新新光金- 金融股撐盤！一堆寫下新天價- 股市爆料同學會 - CMoney

## Your Task

Produce a **one-page investment memo** with these 10 sections:

1. **Business Quality Assessment** (Score 1-10)
   - What does this company do in 1-2 sentences?
   - What is the durable competitive advantage (moat)?
   - What is the TAM and where in the S-curve is this company?

2. **Rule of 40 Check**
   - Revenue growth rate (YoY) +
   - EBITDA margin (or operating margin if EBITDA unavailable) =
   - Is it > 40%?

3. **Net Revenue Retention**
   - Estimate NRR from any available data (existing customer growth, expansion, churn)
   - Target: > 120% for healthy SaaS-like businesses

4. **Unit Economics**
   - Gross margin trajectory (improving / stable / declining)
   - Operating margin path to profitability
   - Any signs of cost discipline?

5. **Capital Allocation**
   - Where is the company investing? (R&D, M&A, capex)
   - Insider ownership % and recent transactions
   - Any buybacks, dividends, dilution?

6. **Comparable Multiples**
   - Industry peers and their P/E, P/S, EV/EBITDA
   - Where does 2887 sit relative to peers?
   - Is the premium / discount justified?

7. **Bull Case** (3-5 bullet points, base rates cited)

8. **Bear Case** (3-5 bullet points, specific downside scenarios)

9. **Catalysts** (next 12 months, ranked by impact)
   - Product launches, earnings, regulatory, macro

10. **Investment Decision** (1 paragraph)
    - Position size (small / medium / large)
    - Entry trigger (price level or condition)
    - Stop loss level
    - 12-month price target with reasoning
    - Conviction level (low / medium / high)

## Constraints

- Cite specific numbers, not vague statements
- Reference real comparable companies (e.g., for Taiwan semiconductor, compare to TSMC peers)
- Output should fit on a single printed page
- Use markdown tables for comparable analysis
- **No buy/sell recommendation** without explicit risk framework

📊 Market Report 🎛 Ticker Dashboard 🏛 Wall Street 📋 Research

1101 台泥短中期

水泥工業 · 市值 2,102.7 億 · 成交量 103,437.8 張

27.95 +4.29%

240 曆日價格報酬 +5.7%外資 +25,549 張RSI 62 甜蜜區多頭排列量能爆發KD 黃金交叉法人首次進場

🧘 纏論

- 收盤: **28.10** | 60日高: 28.50 | 60日低: 23.45 | 振幅: 18.0%

📈 技術

- 收盤: **28.10** | MA5: 27.36 | MA13: 26.71 | MA27: 25.72 | MA54: 25.07 - RSI(14): **67.8** (中性) | 趨勢: **多頭排列** - 區間高: 28.10 | 區間低: 23.55 | 波動: 16.2%

💰 估值

- 市值: **2,102.7 億** | 收盤: 27.95 | 成交量: 103,437.8 張 - 60/120/240 為日曆日回溯原始價格報酬；20 曆日相對報酬扣除當日有效樣本等權均值。未含股息或除權息調整，不代表總報酬或相對加權指數報酬。

🏛 法人

日期	外資	投信	自營	合計
2026-10-27	-10,864	+2,800	-868	-8,932
2026-10-22	+25,549	+4,726	+3,084	+33,359
2026-10-21	+5,463	+1,616	+286	+7,365
2026-10-20	-3,837	+6,419	-619	+1,962
2026-10-19	-1,457	+30	-58	-1,485
2026-10-16	+12,995	-2,463	+532	+11,064
2026-10-15	-2,930	+5	-1,004	-3,930
2026-10-14	+6,077	+5,637	+1,808	+13,522

**近 8 日累積**：外資 +30,995 張｜投信 +18,770 張｜自營 +3,160 張｜合計 +52,925 張

💴 融資

- 今日融資: **0 張** | 融券: **0 張** | 融資融券比: —

📊 季報

季度	營收(億)	毛利(億)	營業利益(億)	淨利(億)	EPS
25Q03	349.6	58.9	23.0	7.7	0.07
25Q06	353.5	53.5	11.1	7.3	0.00
25Q09	390.7	88.4	51.4	-117.9	-1.36
25Q12	404.3	74.7	15.2	-15.8	-0.32
26Q03	331.7	62.1	27.9	12.0	0.10
26Q06	381.2	67.8	23.8	33.7	0.29

🧬 ROE

_查無 ROE 資料_

📈 月營收

_最新 YoY: **+7.6%** | 資料來源：FinMind TaiwanStockMonthRevenue_

💵 配息

年度	現金	股票	合計
110年	1.00	1.00	2.00
111年	0.50	0.00	0.50
112年	1.00	0.00	1.00
113年	1.00	0.00	1.00
114年	0.00	0.00	0.00

📰 新聞

· 各擁題材台泥、儒鴻權證旺 - 中時新聞網

2026-10-26 20:10:00 · 中時新聞網

· 最牛一輪／台泥利多永豐64歡呼 - UDN

2026-10-26 17:48:08 · UDN

· 12檔籌碼穩定股領漲抗跌台泥、中信金等建議買黑賣紅操作 | 市場焦點 | 證券 - 經濟日報

2026-10-26 15:49:02 · 經濟日報

· 最牛一輪／台泥利多永豐64歡呼 - 經濟日報

2026-10-26 15:29:48 · 經濟日報

· 1101 台泥- 苏花公路最美休息站花莲“台泥DAKA园区”(组图) - 股市爆料同學會 - CMoney

2026-10-26 01:40:15 · CMoney

💡 觀察

- 目前股價位於近一年區間的 100%（接近 52 週高），留意短線過熱風險。
- 當日三大法人合計買超 101,211 張，籌碼面偏多。
- 融資餘額 35,698 張，今日減 1,158 張，散戶去槓桿。
- 融券餘額 274 張（融券做空者少，多方力道強）。

🔬 Deep-dive

# Tiger Global Growth Equity — Deep Dive

You are a **growth equity analyst at Tiger Global**, modeled after the firm's
publicly documented investment framework. Apply this to:

**Target Company**: 1101 台泥 (水泥工業)
**Current Price**: NT$27.95
**Market Cap**: NT$210,273M
**Price Return (calendar days)**: +12.5% (60d), +5.7% (240d)
**Volume (data date)**: 103,437.8 張
**Latest News (last 5 days)**:
  - 各擁題材 台泥、儒鴻權證旺 - 中時新聞網
  - 最牛一輪／台泥利多 永豐64歡呼 - UDN
  - 12檔籌碼穩定股領漲抗跌 台泥、中信金等建議買黑賣紅操作 | 市場焦點 | 證券 - 經濟日報

## Your Task

Produce a **one-page investment memo** with these 10 sections:

1. **Business Quality Assessment** (Score 1-10)
   - What does this company do in 1-2 sentences?
   - What is the durable competitive advantage (moat)?
   - What is the TAM and where in the S-curve is this company?

2. **Rule of 40 Check**
   - Revenue growth rate (YoY) +
   - EBITDA margin (or operating margin if EBITDA unavailable) =
   - Is it > 40%?

3. **Net Revenue Retention**
   - Estimate NRR from any available data (existing customer growth, expansion, churn)
   - Target: > 120% for healthy SaaS-like businesses

4. **Unit Economics**
   - Gross margin trajectory (improving / stable / declining)
   - Operating margin path to profitability
   - Any signs of cost discipline?

5. **Capital Allocation**
   - Where is the company investing? (R&D, M&A, capex)
   - Insider ownership % and recent transactions
   - Any buybacks, dividends, dilution?

6. **Comparable Multiples**
   - Industry peers and their P/E, P/S, EV/EBITDA
   - Where does 1101 sit relative to peers?
   - Is the premium / discount justified?

7. **Bull Case** (3-5 bullet points, base rates cited)

8. **Bear Case** (3-5 bullet points, specific downside scenarios)

9. **Catalysts** (next 12 months, ranked by impact)
   - Product launches, earnings, regulatory, macro

10. **Investment Decision** (1 paragraph)
    - Position size (small / medium / large)
    - Entry trigger (price level or condition)
    - Stop loss level
    - 12-month price target with reasoning
    - Conviction level (low / medium / high)

## Constraints

- Cite specific numbers, not vague statements
- Reference real comparable companies (e.g., for Taiwan semiconductor, compare to TSMC peers)
- Output should fit on a single printed page
- Use markdown tables for comparable analysis
- **No buy/sell recommendation** without explicit risk framework

📊 Market Report 🎛 Ticker Dashboard 🏛 Wall Street 📋 Research

1735 日勝化短中期

化學工業 · 市值 23.2 億 · 成交量 1,997.6 張

23.30 +1.53%

240 曆日價格報酬 +33.5%外資 +25 張RSI 64 甜蜜區多頭排列量能爆發KD 黃金交叉

🧘 纏論

- 收盤: **22.80** | 60日高: 25.20 | 60日低: 18.00 | 振幅: 31.6%

📈 技術

- 收盤: **22.80** | MA5: 22.20 | MA13: 22.50 | MA27: 21.31 | MA54: 20.88 - RSI(14): **57.8** (中性) | 趨勢: **短空長多，留意落底** - 區間高: 24.35 | 區間低: 18.20 | 波動: 27.0%

💰 估值

- 市值: **23.2 億** | 收盤: 23.30 | 成交量: 1,997.6 張 - 60/120/240 為日曆日回溯原始價格報酬；20 曆日相對報酬扣除當日有效樣本等權均值。未含股息或除權息調整，不代表總報酬或相對加權指數報酬。

🏛 法人

日期	外資	自營	合計
2026-10-27	+105	-3	+102
2026-10-22	+25	-2	+23
2026-10-21	+83	+4	+87
2026-10-20	+23	-2	+21
2026-10-19	+14	0	+14
2026-10-16	-21	-7	-28
2026-10-15	-32	+20	-12
2026-10-14	+51	+1	+52

**近 8 日累積**：外資 +248 張｜投信 0 張｜自營 +11 張｜合計 +259 張

💴 融資

- 今日融資: **0 張** | 融券: **0 張** | 融資融券比: —

📊 季報

季度	營收(億)	毛利(億)	營業利益(億)	淨利(億)	EPS
25Q03	6.3	1.1	0.2	0.2	0.17
25Q06	5.6	0.9	0.1	-0.2	-0.17
25Q09	5.6	1.0	0.2	0.2	0.20
25Q12	5.6	1.1	0.1	0.6	0.58
26Q03	6.0	1.2	0.3	0.2	0.20
26Q06	6.6	1.3	0.3	0.2	0.19

🧬 ROE

_查無 ROE 資料_

📈 月營收

_最新 YoY: **-0.2%** | 資料來源：FinMind TaiwanStockMonthRevenue_

💵 配息

年度	現金	合計
109年	0.50	0.50
111年	0.50	0.50
112年	0.50	0.50
113年	0.80	0.80
114年	0.65	0.65

📰 新聞

_近 5 日無可驗證新聞_

💡 觀察

- 目前股價位於近一年區間的 49%，處於中段。
- 當日三大法人合計買超 156 張，籌碼面偏多。
- 融資餘額 735 張，今日增 129 張，散戶加槓桿偏多。

🔬 Deep-dive

# Tiger Global Growth Equity — Deep Dive

You are a **growth equity analyst at Tiger Global**, modeled after the firm's
publicly documented investment framework. Apply this to:

**Target Company**: 1735 日勝化 (化學工業)
**Current Price**: NT$23.30
**Market Cap**: NT$2,316M
**Price Return (calendar days)**: +13.9% (60d), +33.5% (240d)
**Volume (data date)**: 1,997.6 張
**Latest News (last 5 days)**:
  (未提供近期新聞)

## Your Task

Produce a **one-page investment memo** with these 10 sections:

1. **Business Quality Assessment** (Score 1-10)
   - What does this company do in 1-2 sentences?
   - What is the durable competitive advantage (moat)?
   - What is the TAM and where in the S-curve is this company?

2. **Rule of 40 Check**
   - Revenue growth rate (YoY) +
   - EBITDA margin (or operating margin if EBITDA unavailable) =
   - Is it > 40%?

3. **Net Revenue Retention**
   - Estimate NRR from any available data (existing customer growth, expansion, churn)
   - Target: > 120% for healthy SaaS-like businesses

4. **Unit Economics**
   - Gross margin trajectory (improving / stable / declining)
   - Operating margin path to profitability
   - Any signs of cost discipline?

5. **Capital Allocation**
   - Where is the company investing? (R&D, M&A, capex)
   - Insider ownership % and recent transactions
   - Any buybacks, dividends, dilution?

6. **Comparable Multiples**
   - Industry peers and their P/E, P/S, EV/EBITDA
   - Where does 1735 sit relative to peers?
   - Is the premium / discount justified?

7. **Bull Case** (3-5 bullet points, base rates cited)

8. **Bear Case** (3-5 bullet points, specific downside scenarios)

9. **Catalysts** (next 12 months, ranked by impact)
   - Product launches, earnings, regulatory, macro

10. **Investment Decision** (1 paragraph)
    - Position size (small / medium / large)
    - Entry trigger (price level or condition)
    - Stop loss level
    - 12-month price target with reasoning
    - Conviction level (low / medium / high)

## Constraints

- Cite specific numbers, not vague statements
- Reference real comparable companies (e.g., for Taiwan semiconductor, compare to TSMC peers)
- Output should fit on a single printed page
- Use markdown tables for comparable analysis
- **No buy/sell recommendation** without explicit risk framework

📊 Market Report 🎛 Ticker Dashboard 🏛 Wall Street 📋 Research

5202 力新短中期

資訊服務業 · 市值 13.9 億 · 成交量 7,286.3 張

15.55 +7.99%

240 曆日價格報酬 +7.2%外資 +881 張RSI 63 甜蜜區多頭排列量能爆發KD 黃金交叉

🧘 纏論

- 收盤: **14.70** | 60日高: 15.90 | 60日低: 11.20 | 振幅: 32.0%

📈 技術

- 收盤: **14.70** | MA5: 14.69 | MA13: 14.47 | MA27: 14.27 | MA54: 13.14 - RSI(14): **55.6** (中性) | 趨勢: **多頭排列** - 區間高: 15.55 | 區間低: 11.35 | 波動: 28.6%

💰 估值

- 市值: **13.9 億** | 收盤: 15.55 | 成交量: 7,286.3 張 - 60/120/240 為日曆日回溯原始價格報酬；20 曆日相對報酬扣除當日有效樣本等權均值。未含股息或除權息調整，不代表總報酬或相對加權指數報酬。

🏛 法人

日期	外資	合計
2026-10-27	+37	+37
2026-10-22	+881	+881
2026-10-21	+44	+44
2026-10-20	+17	+17
2026-10-19	-209	-209
2026-10-16	+179	+179
2026-10-15	-96	-96
2026-10-14	-32	-32

**近 8 日累積**：外資 +822 張｜投信 0 張｜自營 0 張｜合計 +822 張

💴 融資

- 今日融資: **0 張** | 融券: **0 張** | 融資融券比: —

📊 季報

季度	營收(億)	毛利(億)	營業利益(億)	淨利(億)	EPS
25Q03	0.3	0.2	-0.2	-0.3	-0.35
25Q06	0.5	0.4	0.0	-0.3	-0.34
25Q09	0.3	0.3	-0.2	0.1	0.11
25Q12	0.3	0.3	-0.2	-0.0	-0.04
26Q03	0.3	0.2	-0.2	-0.2	-0.19
26Q06	0.4	0.3	-0.2	-0.8	-0.87

🧬 ROE

_查無 ROE 資料_

📈 月營收

_最新 YoY: **-25.2%** | 資料來源：FinMind TaiwanStockMonthRevenue_

💵 配息

年度	現金	合計
107年	0.43	0.43
110年	0.68	0.68
112年	0.70	0.70
113年	0.50	0.50
114年	0.20	0.20

📰 新聞

_近 5 日無可驗證新聞_

💡 觀察

- 目前股價位於近一年區間的 0%（接近 52 週低），留意是否落底。
- 當日三大法人合計買超 1,024 張，籌碼面偏多。
- 融資餘額 1,972 張，今日增 322 張，散戶加槓桿偏多。
- 融券餘額 130 張（融券做空者少，多方力道強）。

🔬 Deep-dive

# Tiger Global Growth Equity — Deep Dive

You are a **growth equity analyst at Tiger Global**, modeled after the firm's
publicly documented investment framework. Apply this to:

**Target Company**: 5202 力新 (資訊服務業)
**Current Price**: NT$15.55
**Market Cap**: NT$1,385M
**Price Return (calendar days)**: +30.7% (60d), +7.2% (240d)
**Volume (data date)**: 7,286.3 張
**Latest News (last 5 days)**:
  (未提供近期新聞)

## Your Task

Produce a **one-page investment memo** with these 10 sections:

1. **Business Quality Assessment** (Score 1-10)
   - What does this company do in 1-2 sentences?
   - What is the durable competitive advantage (moat)?
   - What is the TAM and where in the S-curve is this company?

2. **Rule of 40 Check**
   - Revenue growth rate (YoY) +
   - EBITDA margin (or operating margin if EBITDA unavailable) =
   - Is it > 40%?

3. **Net Revenue Retention**
   - Estimate NRR from any available data (existing customer growth, expansion, churn)
   - Target: > 120% for healthy SaaS-like businesses

4. **Unit Economics**
   - Gross margin trajectory (improving / stable / declining)
   - Operating margin path to profitability
   - Any signs of cost discipline?

5. **Capital Allocation**
   - Where is the company investing? (R&D, M&A, capex)
   - Insider ownership % and recent transactions
   - Any buybacks, dividends, dilution?

6. **Comparable Multiples**
   - Industry peers and their P/E, P/S, EV/EBITDA
   - Where does 5202 sit relative to peers?
   - Is the premium / discount justified?

7. **Bull Case** (3-5 bullet points, base rates cited)

8. **Bear Case** (3-5 bullet points, specific downside scenarios)

9. **Catalysts** (next 12 months, ranked by impact)
   - Product launches, earnings, regulatory, macro

10. **Investment Decision** (1 paragraph)
    - Position size (small / medium / large)
    - Entry trigger (price level or condition)
    - Stop loss level
    - 12-month price target with reasoning
    - Conviction level (low / medium / high)

## Constraints

- Cite specific numbers, not vague statements
- Reference real comparable companies (e.g., for Taiwan semiconductor, compare to TSMC peers)
- Output should fit on a single printed page
- Use markdown tables for comparable analysis
- **No buy/sell recommendation** without explicit risk framework

📊 Market Report 🎛 Ticker Dashboard 🏛 Wall Street 📋 Research

💵 中價股主流操作區間，流動性佳

2881 富邦金長期

金融保險業 · 市值 22,201.7 億 · 成交量 10,455.3 張

158.50 +0.00%

240 曆日價格報酬 +68.4%外資 +1,935 張RSI 63 甜蜜區多頭排列

🧘 纏論

- 收盤: **162.00** | 60日高: 164.50 | 60日低: 120.50 | 振幅: 27.2%

📈 技術

- 收盤: **162.00** | MA5: 158.20 | MA13: 157.73 | MA27: 154.61 | MA54: 145.66 - RSI(14): **63.8** (中性) | 趨勢: **多頭排列** - 區間高: 162.00 | 區間低: 123.00 | 波動: 24.1%

💰 估值

- 市值: **22,201.7 億** | 收盤: 158.50 | 成交量: 10,455.3 張 - 60/120/240 為日曆日回溯原始價格報酬；20 曆日相對報酬扣除當日有效樣本等權均值。未含股息或除權息調整，不代表總報酬或相對加權指數報酬。

🏛 法人

日期	外資	投信	自營	合計
2026-10-27	+3,302	+395	+571	+4,268
2026-10-22	+1,935	-95	+212	+2,052
2026-10-21	+7,002	+156	+272	+7,430
2026-10-20	-4,963	-425	-162	-5,550
2026-10-19	-1,404	-1,027	+682	-1,749
2026-10-16	+6,259	-2,804	+475	+3,930
2026-10-15	-764	+255	+1,395	+887
2026-10-14	-376	+383	+88	+95

**近 8 日累積**：外資 +10,990 張｜投信 -3,162 張｜自營 +3,534 張｜合計 +11,362 張

💴 融資

- 今日融資: **0 張** | 融券: **0 張** | 融資融券比: —

📊 季報

季度	營收(億)	毛利(億)	營業利益(億)	淨利(億)	EPS
25Q03	1089.7	—	—	—	3.00
25Q06	37.9	—	—	—	0.49
25Q09	1246.7	—	—	—	2.74
25Q12	1438.7	—	—	—	2.14
26Q03	661.9	—	—	—	2.40
26Q06	1062.8	—	—	—	4.27

🧬 ROE

_查無 ROE 資料_

📈 月營收

_最新 YoY: **-45.4%** | 資料來源：FinMind TaiwanStockMonthRevenue_

💵 配息

年度	現金	合計
110年	3.50	3.50
111年	1.50	1.50
112年	2.50	2.50
113年	4.25	4.25
114年	4.25	4.25

📰 新聞

· 台股27日開高走低收漲54點富邦金量價突出上漲2.21% - 台灣好新聞

2026-10-27 07:11:06 · 台灣好新聞

· 富邦金：富邦證券股東會決議辦理私募1.25億股、每股80元 - 台視全球資訊網

2026-10-27 03:49:44 · 台視全球資訊網

· 大神專訪4-1》科技大廠女高管變金融股專業戶！43歲退休達陣國泰金、富邦金、兆豐金...年領300萬股息心法曝光 - 旺得富理財網

2026-10-23 21:04:20 · 旺得富理財網

💡 觀察

- 目前股價位於近一年區間的 100%（接近 52 週高），留意短線過熱風險。
- 當日三大法人合計買超 29,597 張，籌碼面偏多。
- 融資餘額 5,071 張，今日增 43 張，散戶加槓桿偏多。
- 融券餘額 531 張（融券做空者少，多方力道強）。

🔬 Deep-dive

# Tiger Global Growth Equity — Deep Dive

You are a **growth equity analyst at Tiger Global**, modeled after the firm's
publicly documented investment framework. Apply this to:

**Target Company**: 2881 富邦金 (金融保險業)
**Current Price**: NT$158.50
**Market Cap**: NT$2,220,167M
**Price Return (calendar days)**: +18.3% (60d), +68.4% (240d)
**Volume (data date)**: 10,455.3 張
**Latest News (last 5 days)**:
  - 台股27日開高走低收漲54點 富邦金量價突出上漲2.21% - 台灣好新聞
  - 富邦金：富邦證券股東會決議辦理私募1.25億股、每股80元 - 台視全球資訊網
  - 大神專訪4-1》科技大廠女高管變金融股專業戶！43歲退休達陣 國泰金、富邦金、兆豐金...年領300萬股息心法曝光 - 旺得富理財網

## Your Task

Produce a **one-page investment memo** with these 10 sections:

1. **Business Quality Assessment** (Score 1-10)
   - What does this company do in 1-2 sentences?
   - What is the durable competitive advantage (moat)?
   - What is the TAM and where in the S-curve is this company?

2. **Rule of 40 Check**
   - Revenue growth rate (YoY) +
   - EBITDA margin (or operating margin if EBITDA unavailable) =
   - Is it > 40%?

3. **Net Revenue Retention**
   - Estimate NRR from any available data (existing customer growth, expansion, churn)
   - Target: > 120% for healthy SaaS-like businesses

4. **Unit Economics**
   - Gross margin trajectory (improving / stable / declining)
   - Operating margin path to profitability
   - Any signs of cost discipline?

5. **Capital Allocation**
   - Where is the company investing? (R&D, M&A, capex)
   - Insider ownership % and recent transactions
   - Any buybacks, dividends, dilution?

6. **Comparable Multiples**
   - Industry peers and their P/E, P/S, EV/EBITDA
   - Where does 2881 sit relative to peers?
   - Is the premium / discount justified?

7. **Bull Case** (3-5 bullet points, base rates cited)

8. **Bear Case** (3-5 bullet points, specific downside scenarios)

9. **Catalysts** (next 12 months, ranked by impact)
   - Product launches, earnings, regulatory, macro

10. **Investment Decision** (1 paragraph)
    - Position size (small / medium / large)
    - Entry trigger (price level or condition)
    - Stop loss level
    - 12-month price target with reasoning
    - Conviction level (low / medium / high)

## Constraints

- Cite specific numbers, not vague statements
- Reference real comparable companies (e.g., for Taiwan semiconductor, compare to TSMC peers)
- Output should fit on a single printed page
- Use markdown tables for comparable analysis
- **No buy/sell recommendation** without explicit risk framework

📊 Market Report 🎛 Ticker Dashboard 🏛 Wall Street 📋 Research

6278 台表科長期

光電業 · 市值 849.4 億 · 成交量 24,900.0 張

290.50 -8.21%

240 曆日價格報酬 +189.1%外資 +1,052 張RSI 71 超買多頭排列法人首次進場

🧘 纏論

- 收盤: **278.50** | 60日高: 316.50 | 60日低: 128.00 | 振幅: 67.7%

📈 技術

- 收盤: **278.50** | MA5: 292.60 | MA13: 276.38 | MA27: 237.22 | MA54: 209.98 - RSI(14): **60.2** (中性) | 趨勢: **盤整/糾結** - 區間高: 316.50 | 區間低: 130.50 | 波動: 66.8%

💰 估值

- 市值: **849.4 億** | 收盤: 290.50 | 成交量: 24,900.0 張 - 60/120/240 為日曆日回溯原始價格報酬；20 曆日相對報酬扣除當日有效樣本等權均值。未含股息或除權息調整，不代表總報酬或相對加權指數報酬。

🏛 法人

日期	外資	投信	自營	合計
2026-10-27	+899	+1,525	-70	+2,353
2026-10-22	+1,052	+1,098	-134	+2,016
2026-10-21	-1,422	+197	+150	-1,075
2026-10-20	-1,610	+3,314	-175	+1,529
2026-10-19	+3,968	+18	-126	+3,860
2026-10-16	+1,715	+21	-128	+1,608
2026-10-15	+6,391	+4,938	-32	+11,297
2026-10-14	+2,946	0	+126	+3,072

**近 8 日累積**：外資 +13,938 張｜投信 +11,111 張｜自營 -388 張｜合計 +24,660 張

💴 融資

- 今日融資: **0 張** | 融券: **0 張** | 融資融券比: —

📊 季報

季度	營收(億)	毛利(億)	營業利益(億)	淨利(億)	EPS
25Q03	124.1	16.6	9.4	8.4	2.88
25Q06	125.9	15.3	8.4	4.8	1.64
25Q09	127.9	16.2	9.4	7.0	2.38
25Q12	120.9	15.8	7.8	7.3	2.49
26Q03	125.6	14.2	7.2	6.3	2.17
26Q06	132.3	15.6	8.2	8.0	2.76

🧬 ROE

_查無 ROE 資料_

📈 月營收

_最新 YoY: **+15.9%** | 資料來源：FinMind TaiwanStockMonthRevenue_

💵 配息

年度	現金	合計
110年	6.00	6.00
111年	7.00	7.00
112年	5.00	5.00
113年	5.50	5.50
114年	5.56	5.56

📰 新聞

· 6278 台表科- 中方記憶體DDR5打件- 股市爆料同學會 - CMoney

2026-10-27 07:10:48 · CMoney

· 台表科(6278)量縮鎖漲停，這代表籌碼狀態有多強？ - CMoney

2026-10-25 02:14:15 · CMoney

💡 觀察

- 目前股價位於近一年區間的 83%（接近 52 週高），留意短線過熱風險。
- 當日三大法人合計買超 49,050 張，籌碼面偏多。
- 融資餘額 7,283 張，今日減 1,511 張，散戶去槓桿。
- 融券餘額 390 張（融券做空者少，多方力道強）。
- P/E 28.2 偏高，估值可能偏貴。

🔬 Deep-dive

# Tiger Global Growth Equity — Deep Dive

You are a **growth equity analyst at Tiger Global**, modeled after the firm's
publicly documented investment framework. Apply this to:

**Target Company**: 6278 台表科 (光電業)
**Current Price**: NT$290.50
**Market Cap**: NT$84,942M
**Price Return (calendar days)**: +55.3% (60d), +189.1% (240d)
**Volume (data date)**: 24,900.0 張
**Latest News (last 5 days)**:
  - 6278 台表科- 中方記憶體DDR5打件- 股市爆料同學會 - CMoney
  - 台表科(6278)量縮鎖漲停，這代表籌碼狀態有多強？ - CMoney

## Your Task

Produce a **one-page investment memo** with these 10 sections:

1. **Business Quality Assessment** (Score 1-10)
   - What does this company do in 1-2 sentences?
   - What is the durable competitive advantage (moat)?
   - What is the TAM and where in the S-curve is this company?

2. **Rule of 40 Check**
   - Revenue growth rate (YoY) +
   - EBITDA margin (or operating margin if EBITDA unavailable) =
   - Is it > 40%?

3. **Net Revenue Retention**
   - Estimate NRR from any available data (existing customer growth, expansion, churn)
   - Target: > 120% for healthy SaaS-like businesses

4. **Unit Economics**
   - Gross margin trajectory (improving / stable / declining)
   - Operating margin path to profitability
   - Any signs of cost discipline?

5. **Capital Allocation**
   - Where is the company investing? (R&D, M&A, capex)
   - Insider ownership % and recent transactions
   - Any buybacks, dividends, dilution?

6. **Comparable Multiples**
   - Industry peers and their P/E, P/S, EV/EBITDA
   - Where does 6278 sit relative to peers?
   - Is the premium / discount justified?

7. **Bull Case** (3-5 bullet points, base rates cited)

8. **Bear Case** (3-5 bullet points, specific downside scenarios)

9. **Catalysts** (next 12 months, ranked by impact)
   - Product launches, earnings, regulatory, macro

10. **Investment Decision** (1 paragraph)
    - Position size (small / medium / large)
    - Entry trigger (price level or condition)
    - Stop loss level
    - 12-month price target with reasoning
    - Conviction level (low / medium / high)

## Constraints

- Cite specific numbers, not vague statements
- Reference real comparable companies (e.g., for Taiwan semiconductor, compare to TSMC peers)
- Output should fit on a single printed page
- Use markdown tables for comparable analysis
- **No buy/sell recommendation** without explicit risk framework

📊 Market Report 🎛 Ticker Dashboard 🏛 Wall Street 📋 Research

6505 台塑化長期

油電燃氣業 · 市值 10,145.1 億 · 成交量 36,642.2 張

106.50 -2.74%

240 曆日價格報酬 +103.2%外資 +12,635 張RSI 56 甜蜜區

🧘 纏論

- 收盤: **106.00** | 60日高: 129.00 | 60日低: 65.40 | 振幅: 60.0%

📈 技術

- 收盤: **106.00** | MA5: 108.90 | MA13: 110.47 | MA27: 99.06 | MA54: 86.38 - RSI(14): **54.6** (中性) | 趨勢: **盤整/糾結** - 區間高: 122.50 | 區間低: 67.10 | 波動: 52.3%

💰 估值

- 市值: **10,145.1 億** | 收盤: 106.50 | 成交量: 36,642.2 張 - 60/120/240 為日曆日回溯原始價格報酬；20 曆日相對報酬扣除當日有效樣本等權均值。未含股息或除權息調整，不代表總報酬或相對加權指數報酬。

🏛 法人

日期	外資	投信	自營	合計
2026-10-27	+2,284	-1,093	-69	+1,123
2026-10-22	+12,635	-8,119	-118	+4,398
2026-10-21	+11,788	-311	+72	+11,549
2026-10-20	+11,723	-11,131	-192	+401
2026-10-19	-8,386	-27	+1,207	-7,206
2026-10-16	+9,718	+4,411	-47	+14,082
2026-10-15	-9,610	+7,212	+115	-2,283
2026-10-14	-19,975	+14,107	-1,447	-7,314

**近 8 日累積**：外資 +10,178 張｜投信 +5,050 張｜自營 -478 張｜合計 +14,750 張

💴 融資

- 今日融資: **0 張** | 融券: **0 張** | 融資融券比: —

📊 季報

季度	營收(億)	毛利(億)	營業利益(億)	淨利(億)	EPS
25Q03	1732.7	66.0	37.3	37.1	0.39
25Q06	1455.5	-46.5	-74.0	-75.3	-0.79
25Q09	1635.3	119.6	92.8	85.8	0.90
25Q12	1438.2	81.5	52.6	51.1	0.54
26Q03	1619.9	271.9	245.1	204.1	2.14
26Q06	1829.8	254.3	228.8	207.8	2.18

🧬 ROE

_查無 ROE 資料_

📈 月營收

_最新 YoY: **+65.6%** | 資料來源：FinMind TaiwanStockMonthRevenue_

💵 配息

年度	現金	合計
110年	3.80	3.80
111年	1.10	1.10
112年	2.00	2.00
113年	0.80	0.80
114年	1.20	1.20

📰 新聞

· 台塑化探勘美天然氣加快速度 - UDN

2026-10-23 18:18:33 · UDN

💡 觀察

- 目前股價位於近一年區間的 79%，處於中段。
- 當日三大法人合計買超 52,813 張，籌碼面偏多。
- 融資餘額 9,358 張，今日減 349 張，散戶去槓桿。
- 融券餘額 824 張（融券做空者少，多方力道強）。

🔬 Deep-dive

# Tiger Global Growth Equity — Deep Dive

You are a **growth equity analyst at Tiger Global**, modeled after the firm's
publicly documented investment framework. Apply this to:

**Target Company**: 6505 台塑化 (油電燃氣業)
**Current Price**: NT$106.50
**Market Cap**: NT$1,014,515M
**Price Return (calendar days)**: +40.5% (60d), +103.2% (240d)
**Volume (data date)**: 36,642.2 張
**Latest News (last 5 days)**:
  - 台塑化探勘美天然氣 加快速度 - UDN

## Your Task

Produce a **one-page investment memo** with these 10 sections:

1. **Business Quality Assessment** (Score 1-10)
   - What does this company do in 1-2 sentences?
   - What is the durable competitive advantage (moat)?
   - What is the TAM and where in the S-curve is this company?

2. **Rule of 40 Check**
   - Revenue growth rate (YoY) +
   - EBITDA margin (or operating margin if EBITDA unavailable) =
   - Is it > 40%?

3. **Net Revenue Retention**
   - Estimate NRR from any available data (existing customer growth, expansion, churn)
   - Target: > 120% for healthy SaaS-like businesses

4. **Unit Economics**
   - Gross margin trajectory (improving / stable / declining)
   - Operating margin path to profitability
   - Any signs of cost discipline?

5. **Capital Allocation**
   - Where is the company investing? (R&D, M&A, capex)
   - Insider ownership % and recent transactions
   - Any buybacks, dividends, dilution?

6. **Comparable Multiples**
   - Industry peers and their P/E, P/S, EV/EBITDA
   - Where does 6505 sit relative to peers?
   - Is the premium / discount justified?

7. **Bull Case** (3-5 bullet points, base rates cited)

8. **Bear Case** (3-5 bullet points, specific downside scenarios)

9. **Catalysts** (next 12 months, ranked by impact)
   - Product launches, earnings, regulatory, macro

10. **Investment Decision** (1 paragraph)
    - Position size (small / medium / large)
    - Entry trigger (price level or condition)
    - Stop loss level
    - 12-month price target with reasoning
    - Conviction level (low / medium / high)

## Constraints

- Cite specific numbers, not vague statements
- Reference real comparable companies (e.g., for Taiwan semiconductor, compare to TSMC peers)
- Output should fit on a single printed page
- Use markdown tables for comparable analysis
- **No buy/sell recommendation** without explicit risk framework

📊 Market Report 🎛 Ticker Dashboard 🏛 Wall Street 📋 Research

3029 零壹短中期

資訊服務業 · 市值 204.6 億 · 成交量 2,305.5 張

122.50 +2.94%

240 曆日價格報酬 +7.0%外資 +555 張RSI 55 甜蜜區多頭排列KD 黃金交叉

🧘 纏論

- 收盤: **129.00** | 60日高: 129.50 | 60日低: 97.70 | 振幅: 24.7%

📈 技術

- 收盤: **129.00** | MA5: 121.30 | MA13: 119.77 | MA27: 119.41 | MA54: 114.94 - RSI(14): **67.4** (中性) | 趨勢: **多頭排列** - 區間高: 129.00 | 區間低: 99.30 | 波動: 23.0%

💰 估值

- 市值: **204.6 億** | 收盤: 122.50 | 成交量: 2,305.5 張 - 60/120/240 為日曆日回溯原始價格報酬；20 曆日相對報酬扣除當日有效樣本等權均值。未含股息或除權息調整，不代表總報酬或相對加權指數報酬。

🏛 法人

日期	外資	投信	自營	合計
2026-10-27	-528	0	+361	-167
2026-10-22	+555	0	+55	+610
2026-10-21	+93	+40	+164	+297
2026-10-20	+248	0	+87	+336
2026-10-19	-180	+2	+81	-97
2026-10-16	+516	-3	+2	+515
2026-10-15	+566	+13	-9	+570
2026-10-14	+382	-1	-0	+380

**近 8 日累積**：外資 +1,651 張｜投信 +51 張｜自營 +742 張｜合計 +2,444 張

💴 融資

- 今日融資: **0 張** | 融券: **0 張** | 融資融券比: —

📊 季報

季度	營收(億)	毛利(億)	營業利益(億)	淨利(億)	EPS
25Q03	67.6	7.1	3.6	3.0	1.52
25Q06	61.4	7.6	3.9	3.4	1.69
25Q09	64.5	7.8	3.9	3.3	1.71
25Q12	55.4	7.9	3.6	3.2	1.62
26Q03	68.8	8.1	3.9	3.5	1.77
26Q06	72.4	9.3	5.1	4.2	1.86

🧬 ROE

_查無 ROE 資料_

📈 月營收

_最新 YoY: **+38.6%** | 資料來源：FinMind TaiwanStockMonthRevenue_

💵 配息

年度	現金	合計
110年	3.60	3.60
111年	3.60	3.60
112年	4.00	4.00
113年	5.00	5.00
114年	5.50	5.50

📰 新聞

· 3029 零壹- 噴出 - 股市爆料同學會 - CMoney

2026-10-27 04:56:11 · CMoney

· 3029 零壹- 讚嗎- 股市爆料同學會 - CMoney

2026-10-27 04:53:54 · CMoney

· 【12:34 即時新聞】零壹(3029)股價續強，AI資安與雲端題材獲市場關注 - CMoney投資網誌

2026-10-27 04:34:38 · CMoney投資網誌

· 《資服股》防駭敦陽科、零壹營運升溫 - 富聯網

2026-10-27 00:10:00 · 富聯網

· 3029 零壹 - 細品 - 股市爆料同學會 - CMoney

2026-10-25 14:21:46 · CMoney

💡 觀察

- 目前股價位於近一年區間的 100%（接近 52 週高），留意短線過熱風險。
- 當日三大法人合計買超 4,733 張，籌碼面偏多。
- 融資餘額 2,742 張，今日減 19 張，散戶去槓桿。
- 融券餘額 37 張（融券做空者少，多方力道強）。

🔬 Deep-dive

# Tiger Global Growth Equity — Deep Dive

You are a **growth equity analyst at Tiger Global**, modeled after the firm's
publicly documented investment framework. Apply this to:

**Target Company**: 3029 零壹 (資訊服務業)
**Current Price**: NT$122.50
**Market Cap**: NT$20,458M
**Price Return (calendar days)**: +10.4% (60d), +7.0% (240d)
**Volume (data date)**: 2,305.5 張
**Latest News (last 5 days)**:
  - 3029 零壹- 噴出 - 股市爆料同學會 - CMoney
  - 3029 零壹- 讚嗎- 股市爆料同學會 - CMoney
  - 【12:34 即時新聞】零壹(3029)股價續強，AI資安與雲端題材獲市場關注 - CMoney投資網誌

## Your Task

Produce a **one-page investment memo** with these 10 sections:

1. **Business Quality Assessment** (Score 1-10)
   - What does this company do in 1-2 sentences?
   - What is the durable competitive advantage (moat)?
   - What is the TAM and where in the S-curve is this company?

2. **Rule of 40 Check**
   - Revenue growth rate (YoY) +
   - EBITDA margin (or operating margin if EBITDA unavailable) =
   - Is it > 40%?

3. **Net Revenue Retention**
   - Estimate NRR from any available data (existing customer growth, expansion, churn)
   - Target: > 120% for healthy SaaS-like businesses

4. **Unit Economics**
   - Gross margin trajectory (improving / stable / declining)
   - Operating margin path to profitability
   - Any signs of cost discipline?

5. **Capital Allocation**
   - Where is the company investing? (R&D, M&A, capex)
   - Insider ownership % and recent transactions
   - Any buybacks, dividends, dilution?

6. **Comparable Multiples**
   - Industry peers and their P/E, P/S, EV/EBITDA
   - Where does 3029 sit relative to peers?
   - Is the premium / discount justified?

7. **Bull Case** (3-5 bullet points, base rates cited)

8. **Bear Case** (3-5 bullet points, specific downside scenarios)

9. **Catalysts** (next 12 months, ranked by impact)
   - Product launches, earnings, regulatory, macro

10. **Investment Decision** (1 paragraph)
    - Position size (small / medium / large)
    - Entry trigger (price level or condition)
    - Stop loss level
    - 12-month price target with reasoning
    - Conviction level (low / medium / high)

## Constraints

- Cite specific numbers, not vague statements
- Reference real comparable companies (e.g., for Taiwan semiconductor, compare to TSMC peers)
- Output should fit on a single printed page
- Use markdown tables for comparable analysis
- **No buy/sell recommendation** without explicit risk framework

📊 Market Report 🎛 Ticker Dashboard 🏛 Wall Street 📋 Research

3715 定穎投控短中期

電子零組件業 · 市值 381.4 億 · 成交量 15,326.9 張

134.50 -0.37%

240 曆日價格報酬 -7.2%外資 +326 張RSI 58 甜蜜區多頭排列量能爆發

🧘 纏論

- 收盤: **125.50** | 60日高: 145.00 | 60日低: 89.50 | 振幅: 44.2%

📈 技術

- 收盤: **125.50** | MA5: 131.70 | MA13: 133.65 | MA27: 128.37 | MA54: 122.74 - RSI(14): **46.4** (中性) | 趨勢: **盤整/糾結** - 區間高: 140.50 | 區間低: 90.90 | 波動: 39.5%

💰 估值

- 市值: **381.4 億** | 收盤: 134.50 | 成交量: 15,326.9 張 - 60/120/240 為日曆日回溯原始價格報酬；20 曆日相對報酬扣除當日有效樣本等權均值。未含股息或除權息調整，不代表總報酬或相對加權指數報酬。

🏛 法人

日期	外資	投信	自營	合計
2026-10-27	-1,567	0	-267	-1,834
2026-10-22	+326	0	+38	+365
2026-10-21	+1,495	0	+151	+1,646
2026-10-20	-327	-0	-145	-471
2026-10-19	+655	0	+77	+732
2026-10-16	+192	0	-14	+178
2026-10-15	-1,076	0	-220	-1,296
2026-10-14	+2,217	0	+281	+2,498

**近 8 日累積**：外資 +1,915 張｜投信 -0 張｜自營 -98 張｜合計 +1,817 張

💴 融資

- 今日融資: **0 張** | 融券: **0 張** | 融資融券比: —

📊 季報

季度	營收(億)	毛利(億)	營業利益(億)	淨利(億)	EPS
25Q03	45.6	8.7	2.6	2.7	0.96
25Q06	46.3	9.9	3.8	2.7	0.93
25Q09	48.4	9.4	3.3	1.5	0.51
25Q12	54.3	9.6	1.9	0.9	0.30
26Q03	56.3	9.1	1.3	-2.5	-0.74
26Q06	68.7	9.6	0.7	-2.9	-0.81

🧬 ROE

_查無 ROE 資料_

📈 月營收

_最新 YoY: **+84.7%** | 資料來源：FinMind TaiwanStockMonthRevenue_

💵 配息

年度	現金	合計
111年	0.80	0.80
112年	1.50	1.50
113年	1.50	1.50
114年	1.08	1.08

📰 新聞

_近 5 日無可驗證新聞_

💡 觀察

- 目前股價位於近一年區間的 31%，處於中段。
- 當日三大法人合計賣超 1,018 張，籌碼面偏空。
- 融資餘額 25,650 張，今日增 539 張，散戶加槓桿偏多。
- 融券餘額 314 張（融券做空者少，多方力道強）。

🔬 Deep-dive

# Tiger Global Growth Equity — Deep Dive

You are a **growth equity analyst at Tiger Global**, modeled after the firm's
publicly documented investment framework. Apply this to:

**Target Company**: 3715 定穎投控 (電子零組件業)
**Current Price**: NT$134.50
**Market Cap**: NT$38,141M
**Price Return (calendar days)**: +25.7% (60d), -7.2% (240d)
**Volume (data date)**: 15,326.9 張
**Latest News (last 5 days)**:
  (未提供近期新聞)

## Your Task

Produce a **one-page investment memo** with these 10 sections:

1. **Business Quality Assessment** (Score 1-10)
   - What does this company do in 1-2 sentences?
   - What is the durable competitive advantage (moat)?
   - What is the TAM and where in the S-curve is this company?

2. **Rule of 40 Check**
   - Revenue growth rate (YoY) +
   - EBITDA margin (or operating margin if EBITDA unavailable) =
   - Is it > 40%?

3. **Net Revenue Retention**
   - Estimate NRR from any available data (existing customer growth, expansion, churn)
   - Target: > 120% for healthy SaaS-like businesses

4. **Unit Economics**
   - Gross margin trajectory (improving / stable / declining)
   - Operating margin path to profitability
   - Any signs of cost discipline?

5. **Capital Allocation**
   - Where is the company investing? (R&D, M&A, capex)
   - Insider ownership % and recent transactions
   - Any buybacks, dividends, dilution?

6. **Comparable Multiples**
   - Industry peers and their P/E, P/S, EV/EBITDA
   - Where does 3715 sit relative to peers?
   - Is the premium / discount justified?

7. **Bull Case** (3-5 bullet points, base rates cited)

8. **Bear Case** (3-5 bullet points, specific downside scenarios)

9. **Catalysts** (next 12 months, ranked by impact)
   - Product launches, earnings, regulatory, macro

10. **Investment Decision** (1 paragraph)
    - Position size (small / medium / large)
    - Entry trigger (price level or condition)
    - Stop loss level
    - 12-month price target with reasoning
    - Conviction level (low / medium / high)

## Constraints

- Cite specific numbers, not vague statements
- Reference real comparable companies (e.g., for Taiwan semiconductor, compare to TSMC peers)
- Output should fit on a single printed page
- Use markdown tables for comparable analysis
- **No buy/sell recommendation** without explicit risk framework

📊 Market Report 🎛 Ticker Dashboard 🏛 Wall Street 📋 Research

6456 GIS-KY 短中期

光電業 · 市值 344.7 億 · 成交量 68,501.5 張

102.00 +3.66%

240 曆日價格報酬 +130.2%外資 +7,699 張RSI 59 甜蜜區多頭排列量能爆發

🧘 纏論

- 收盤: **97.80** | 60日高: 108.00 | 60日低: 50.80 | 振幅: 58.5%

📈 技術

- 收盤: **97.80** | MA5: 94.42 | MA13: 94.59 | MA27: 84.48 | MA54: 75.82 - RSI(14): **61.3** (中性) | 趨勢: **短空長多，留意落底** - 區間高: 102.00 | 區間低: 51.20 | 波動: 51.9%

💰 估值

- 市值: **344.7 億** | 收盤: 102.00 | 成交量: 68,501.5 張 - 60/120/240 為日曆日回溯原始價格報酬；20 曆日相對報酬扣除當日有效樣本等權均值。未含股息或除權息調整，不代表總報酬或相對加權指數報酬。

🏛 法人

日期	外資	自營	合計
2026-10-27	-2,432	-278	-2,709
2026-10-22	+7,699	+243	+7,942
2026-10-21	-1,358	+512	-846
2026-10-20	+3,195	-12	+3,183
2026-10-19	+1,608	-61	+1,547
2026-10-16	-2,274	-64	-2,338
2026-10-15	+3,681	-40	+3,641
2026-10-14	-4,120	-275	-4,394

**近 8 日累積**：外資 +5,999 張｜投信 0 張｜自營 +27 張｜合計 +6,026 張

💴 融資

- 今日融資: **0 張** | 融券: **0 張** | 融資融券比: —

📊 季報

季度	營收(億)	毛利(億)	營業利益(億)	淨利(億)	EPS
25Q03	151.9	10.6	-2.3	-0.7	-0.21
25Q06	190.4	13.1	2.1	0.4	0.12
25Q09	161.4	10.5	-1.5	-0.9	-0.29
25Q12	164.2	9.4	-2.7	-1.4	-0.42
26Q03	160.8	8.0	-3.2	-2.0	-0.61
26Q06	105.0	3.5	-8.0	-10.5	-3.15

🧬 ROE

_查無 ROE 資料_

📈 月營收

_最新 YoY: **+30.8%** | 資料來源：FinMind TaiwanStockMonthRevenue_

💵 配息

年度	現金	合計
107年	4.00	4.00
108年	3.50	3.50
109年	4.00	4.00
110年	5.00	5.00
111年	3.50	3.50

📰 新聞

· 《光電股》注意股：GIS-KY 近5日漲14.99% - 富聯網

2026-10-27 00:07:00 · 富聯網

💡 觀察

- 目前股價位於近一年區間的 93%（接近 52 週高），留意短線過熱風險。
- 當日三大法人合計買超 13,010 張，籌碼面偏多。
- 融資餘額 32,000 張，今日減 720 張，散戶去槓桿。
- 融券餘額 648 張（融券做空者少，多方力道強）。

🔬 Deep-dive

# Tiger Global Growth Equity — Deep Dive

You are a **growth equity analyst at Tiger Global**, modeled after the firm's
publicly documented investment framework. Apply this to:

**Target Company**: 6456 GIS-KY (光電業)
**Current Price**: NT$102.00
**Market Cap**: NT$34,470M
**Price Return (calendar days)**: +50.0% (60d), +130.2% (240d)
**Volume (data date)**: 68,501.5 張
**Latest News (last 5 days)**:
  - 《光電股》注意股：GIS-KY 近5日漲14.99% - 富聯網

## Your Task

Produce a **one-page investment memo** with these 10 sections:

1. **Business Quality Assessment** (Score 1-10)
   - What does this company do in 1-2 sentences?
   - What is the durable competitive advantage (moat)?
   - What is the TAM and where in the S-curve is this company?

2. **Rule of 40 Check**
   - Revenue growth rate (YoY) +
   - EBITDA margin (or operating margin if EBITDA unavailable) =
   - Is it > 40%?

3. **Net Revenue Retention**
   - Estimate NRR from any available data (existing customer growth, expansion, churn)
   - Target: > 120% for healthy SaaS-like businesses

4. **Unit Economics**
   - Gross margin trajectory (improving / stable / declining)
   - Operating margin path to profitability
   - Any signs of cost discipline?

5. **Capital Allocation**
   - Where is the company investing? (R&D, M&A, capex)
   - Insider ownership % and recent transactions
   - Any buybacks, dividends, dilution?

6. **Comparable Multiples**
   - Industry peers and their P/E, P/S, EV/EBITDA
   - Where does 6456 sit relative to peers?
   - Is the premium / discount justified?

7. **Bull Case** (3-5 bullet points, base rates cited)

8. **Bear Case** (3-5 bullet points, specific downside scenarios)

9. **Catalysts** (next 12 months, ranked by impact)
   - Product launches, earnings, regulatory, macro

10. **Investment Decision** (1 paragraph)
    - Position size (small / medium / large)
    - Entry trigger (price level or condition)
    - Stop loss level
    - 12-month price target with reasoning
    - Conviction level (low / medium / high)

## Constraints

- Cite specific numbers, not vague statements
- Reference real comparable companies (e.g., for Taiwan semiconductor, compare to TSMC peers)
- Output should fit on a single printed page
- Use markdown tables for comparable analysis
- **No buy/sell recommendation** without explicit risk framework

📊 Market Report 🎛 Ticker Dashboard 🏛 Wall Street 📋 Research

💎 中高價基本面與成長性兼具，適合中期持有

1303 南亞長期

塑膠工業 · 市值 23,871.8 億 · 成交量 101,068.6 張

301.00 -6.08%

240 曆日價格報酬 +231.5%外資 -20,416 張RSI 61 甜蜜區

🧘 纏論

- 收盤: **297.50** | 60日高: 350.50 | 60日低: 135.50 | 振幅: 72.3%

📈 技術

- 收盤: **297.50** | MA5: 303.70 | MA13: 307.69 | MA27: 271.89 | MA54: 239.39 - RSI(14): **56.0** (中性) | 趨勢: **盤整/糾結** - 區間高: 349.00 | 區間低: 141.50 | 波動: 69.7%

💰 估值

- 市值: **23,871.8 億** | 收盤: 301.00 | 成交量: 101,068.6 張 - 60/120/240 為日曆日回溯原始價格報酬；20 曆日相對報酬扣除當日有效樣本等權均值。未含股息或除權息調整，不代表總報酬或相對加權指數報酬。

🏛 法人

日期	外資	投信	自營	合計
2026-10-27	-11,968	+1,879	+807	-9,282
2026-10-22	-20,416	-475	+178	-20,713
2026-10-21	+24,165	+186	+2,174	+26,525
2026-10-20	-5,125	-1,662	+2,556	-4,230
2026-10-19	-8,895	+1,921	+1,565	-5,410
2026-10-16	-18,909	+1,051	+272	-17,586
2026-10-15	-40,563	+5,146	+2,135	-33,281
2026-10-14	+15,855	+4,544	-868	+19,531

**近 8 日累積**：外資 -65,856 張｜投信 +12,590 張｜自營 +8,819 張｜合計 -44,447 張

💴 融資

- 今日融資: **0 張** | 融券: **0 張** | 融資融券比: —

📊 季報

季度	營收(億)	毛利(億)	營業利益(億)	淨利(億)	EPS
25Q03	655.5	46.2	0.4	4.9	0.06
25Q06	657.2	56.8	13.0	-42.1	-0.52
25Q09	641.8	53.2	10.4	34.7	0.41
25Q12	644.7	59.6	13.3	53.0	0.62
26Q03	686.0	81.9	37.4	146.7	1.80
26Q06	836.5	158.3	113.6	275.5	3.37

🧬 ROE

_查無 ROE 資料_

📈 月營收

_最新 YoY: **+55.3%** | 資料來源：FinMind TaiwanStockMonthRevenue_

💵 配息

年度	現金	合計
110年	7.50	7.50
111年	3.00	3.00
112年	0.70	0.70
113年	0.70	0.70
114年	0.80	0.80

📰 新聞

· 南亞衝跌破300元！玻纖布股集體回檔德宏、建榮重挫、南亞科獨強 - 聚財網

2026-10-27 08:37:07 · 聚財網

· 南亞CCL續漲價，推升電子材料獲利率提升 - Yahoo股市

2026-10-27 04:18:25 · Yahoo股市

· 南亞CCL續漲價，推升電子材料獲利率提升- 新聞 - MoneyDJ

2026-10-27 03:13:00 · MoneyDJ

· 南亞開高走低！盤中翻黑跌破300元股民哀號 - 自由財經

2026-10-27 02:54:31 · 自由財經

· 焦點股》南亞：破謠言股價還公道開盤大漲 - 聚財網

2026-10-27 01:49:46 · 聚財網

💡 觀察

- 目前股價位於近一年區間的 83%（接近 52 週高），留意短線過熱風險。
- 當日三大法人合計買超 16,539 張，籌碼面偏多。
- 融資餘額 43,545 張，今日增 574 張，散戶加槓桿偏多。
- 融券餘額 2,663 張（融券做空者少，多方力道強）。
- P/E 48.0 偏高，估值可能偏貴。

🔬 Deep-dive

# Tiger Global Growth Equity — Deep Dive

You are a **growth equity analyst at Tiger Global**, modeled after the firm's
publicly documented investment framework. Apply this to:

**Target Company**: 1303 南亞 (塑膠工業)
**Current Price**: NT$301.00
**Market Cap**: NT$2,387,177M
**Price Return (calendar days)**: +56.8% (60d), +231.5% (240d)
**Volume (data date)**: 101,068.6 張
**Latest News (last 5 days)**:
  - 南亞衝跌破300元！玻纖布股集體回檔 德宏、建榮重挫、南亞科獨強 - 聚財網
  - 南亞CCL續漲價，推升電子材料獲利率提升 - Yahoo股市
  - 南亞CCL續漲價，推升電子材料獲利率提升- 新聞 - MoneyDJ

## Your Task

Produce a **one-page investment memo** with these 10 sections:

1. **Business Quality Assessment** (Score 1-10)
   - What does this company do in 1-2 sentences?
   - What is the durable competitive advantage (moat)?
   - What is the TAM and where in the S-curve is this company?

2. **Rule of 40 Check**
   - Revenue growth rate (YoY) +
   - EBITDA margin (or operating margin if EBITDA unavailable) =
   - Is it > 40%?

3. **Net Revenue Retention**
   - Estimate NRR from any available data (existing customer growth, expansion, churn)
   - Target: > 120% for healthy SaaS-like businesses

4. **Unit Economics**
   - Gross margin trajectory (improving / stable / declining)
   - Operating margin path to profitability
   - Any signs of cost discipline?

5. **Capital Allocation**
   - Where is the company investing? (R&D, M&A, capex)
   - Insider ownership % and recent transactions
   - Any buybacks, dividends, dilution?

6. **Comparable Multiples**
   - Industry peers and their P/E, P/S, EV/EBITDA
   - Where does 1303 sit relative to peers?
   - Is the premium / discount justified?

7. **Bull Case** (3-5 bullet points, base rates cited)

8. **Bear Case** (3-5 bullet points, specific downside scenarios)

9. **Catalysts** (next 12 months, ranked by impact)
   - Product launches, earnings, regulatory, macro

10. **Investment Decision** (1 paragraph)
    - Position size (small / medium / large)
    - Entry trigger (price level or condition)
    - Stop loss level
    - 12-month price target with reasoning
    - Conviction level (low / medium / high)

## Constraints

- Cite specific numbers, not vague statements
- Reference real comparable companies (e.g., for Taiwan semiconductor, compare to TSMC peers)
- Output should fit on a single printed page
- Use markdown tables for comparable analysis
- **No buy/sell recommendation** without explicit risk framework

📊 Market Report 🎛 Ticker Dashboard 🏛 Wall Street 📋 Research

3189 景碩長期

半導體業 · 市值 5,195.3 億 · 成交量 19,629.0 張

986.00 -2.38%

240 曆日價格報酬 +207.2%外資 +46 張RSI 52 甜蜜區法人首次進場

🧘 纏論

- 收盤: **941.00** | 60日高: 1150.00 | 60日低: 541.00 | 振幅: 64.7%

📈 技術

- 收盤: **941.00** | MA5: 972.80 | MA13: 1017.92 | MA27: 951.63 | MA54: 895.70 - RSI(14): **48.3** (中性) | 趨勢: **盤整/糾結** - 區間高: 1095.00 | 區間低: 576.00 | 波動: 55.2%

💰 估值

- 市值: **5,195.3 億** | 收盤: 986.00 | 成交量: 19,629.0 張 - 60/120/240 為日曆日回溯原始價格報酬；20 曆日相對報酬扣除當日有效樣本等權均值。未含股息或除權息調整，不代表總報酬或相對加權指數報酬。

🏛 法人

日期	外資	投信	自營	合計
2026-10-27	-2,283	+310	+2	-1,971
2026-10-22	+46	+1,073	+48	+1,166
2026-10-21	+120	+258	-203	+174
2026-10-20	-1,518	+765	-161	-914
2026-10-19	-3,323	+1,789	-476	-2,009
2026-10-16	-16	+699	-217	+466
2026-10-15	-2,722	+961	-187	-1,948
2026-10-14	-876	+839	+53	+16

**近 8 日累積**：外資 -10,573 張｜投信 +6,694 張｜自營 -1,140 張｜合計 -5,019 張

💴 融資

- 今日融資: **0 張** | 融券: **0 張** | 融資融券比: —

📊 季報

季度	營收(億)	毛利(億)	營業利益(億)	淨利(億)	EPS
25Q03	86.2	19.4	5.0	6.1	0.61
25Q06	95.6	20.2	6.2	5.5	0.74
25Q09	103.6	19.6	6.3	6.1	0.75
25Q12	108.1	23.9	9.2	9.4	1.41
26Q03	111.0	23.5	8.9	8.8	1.17
26Q06	125.0	32.6	16.8	16.8	2.57

🧬 ROE

_查無 ROE 資料_

📈 月營收

_最新 YoY: **+44.5%** | 資料來源：FinMind TaiwanStockMonthRevenue_

💵 配息

年度	現金	合計
110年	4.50	4.50
111年	6.48	6.48
112年	1.00	1.00
113年	1.00	1.00
114年	1.52	1.52

📰 新聞

· 景碩明年營收拚增逾3成報價漲幅逾今年 - 台視全球資訊網

2026-10-27 03:23:03 · 台視全球資訊網

· 景碩明年營收拚增逾3成報價漲幅逾今年- 新聞 - MoneyDJ

2026-10-27 01:11:00 · MoneyDJ

💡 觀察

- 目前股價位於近一年區間的 84%（接近 52 週高），留意短線過熱風險。
- 當日三大法人合計買超 6,483 張，籌碼面偏多。
- 融資餘額 11,721 張，今日減 4,058 張，散戶去槓桿。
- 融券餘額 356 張（融券做空者少，多方力道強）。
- P/E 174.6 偏高，估值可能偏貴。

🔬 Deep-dive

# Tiger Global Growth Equity — Deep Dive

You are a **growth equity analyst at Tiger Global**, modeled after the firm's
publicly documented investment framework. Apply this to:

**Target Company**: 3189 景碩 (半導體業)
**Current Price**: NT$986.00
**Market Cap**: NT$519,534M
**Price Return (calendar days)**: +21.6% (60d), +207.2% (240d)
**Volume (data date)**: 19,629.0 張
**Latest News (last 5 days)**:
  - 景碩明年營收拚增逾3成 報價漲幅逾今年 - 台視全球資訊網
  - 景碩明年營收拚增逾3成報價漲幅逾今年- 新聞 - MoneyDJ

## Your Task

Produce a **one-page investment memo** with these 10 sections:

1. **Business Quality Assessment** (Score 1-10)
   - What does this company do in 1-2 sentences?
   - What is the durable competitive advantage (moat)?
   - What is the TAM and where in the S-curve is this company?

2. **Rule of 40 Check**
   - Revenue growth rate (YoY) +
   - EBITDA margin (or operating margin if EBITDA unavailable) =
   - Is it > 40%?

3. **Net Revenue Retention**
   - Estimate NRR from any available data (existing customer growth, expansion, churn)
   - Target: > 120% for healthy SaaS-like businesses

4. **Unit Economics**
   - Gross margin trajectory (improving / stable / declining)
   - Operating margin path to profitability
   - Any signs of cost discipline?

5. **Capital Allocation**
   - Where is the company investing? (R&D, M&A, capex)
   - Insider ownership % and recent transactions
   - Any buybacks, dividends, dilution?

6. **Comparable Multiples**
   - Industry peers and their P/E, P/S, EV/EBITDA
   - Where does 3189 sit relative to peers?
   - Is the premium / discount justified?

7. **Bull Case** (3-5 bullet points, base rates cited)

8. **Bear Case** (3-5 bullet points, specific downside scenarios)

9. **Catalysts** (next 12 months, ranked by impact)
   - Product launches, earnings, regulatory, macro

10. **Investment Decision** (1 paragraph)
    - Position size (small / medium / large)
    - Entry trigger (price level or condition)
    - Stop loss level
    - 12-month price target with reasoning
    - Conviction level (low / medium / high)

## Constraints

- Cite specific numbers, not vague statements
- Reference real comparable companies (e.g., for Taiwan semiconductor, compare to TSMC peers)
- Output should fit on a single printed page
- Use markdown tables for comparable analysis
- **No buy/sell recommendation** without explicit risk framework

📊 Market Report 🎛 Ticker Dashboard 🏛 Wall Street 📋 Research

6213 聯茂長期

電子零組件業 · 市值 2,824.9 億 · 成交量 38,695.7 張

777.00 -5.59%

240 曆日價格報酬 +482.0%外資 -5,224 張量能爆發法人首次進場

🧘 纏論

- 收盤: **746.00** | 60日高: 885.00 | 60日低: 237.00 | 振幅: 86.9%

📈 技術

- 收盤: **746.00** | MA5: 772.40 | MA13: 787.85 | MA27: 671.26 | MA54: 580.53 - RSI(14): **56.8** (中性) | 趨勢: **盤整/糾結** - 區間高: 856.00 | 區間低: 239.50 | 波動: 82.6%

💰 估值

- 市值: **2,824.9 億** | 收盤: 777.00 | 成交量: 38,695.7 張 - 60/120/240 為日曆日回溯原始價格報酬；20 曆日相對報酬扣除當日有效樣本等權均值。未含股息或除權息調整，不代表總報酬或相對加權指數報酬。

🏛 法人

日期	外資	投信	自營	合計
2026-10-27	-2,825	+269	+382	-2,174
2026-10-22	-5,224	+1,049	+126	-4,049
2026-10-21	+1,134	-12	+106	+1,228
2026-10-20	-1,127	+96	-290	-1,321
2026-10-19	+1	+86	+67	+154
2026-10-16	+643	-1	-391	+251
2026-10-15	-1,677	+695	-381	-1,363
2026-10-14	+53	+93	+160	+306

**近 8 日累積**：外資 -9,021 張｜投信 +2,275 張｜自營 -221 張｜合計 -6,968 張

💴 融資

- 今日融資: **0 張** | 融券: **0 張** | 融資融券比: —

📊 季報

季度	營收(億)	毛利(億)	營業利益(億)	淨利(億)	EPS
25Q03	75.8	10.8	5.2	3.4	0.93
25Q06	88.8	13.8	7.9	4.2	1.16
25Q09	77.2	10.6	4.5	3.2	0.89
25Q12	89.2	12.6	6.3	4.3	1.18
26Q03	91.4	10.4	4.2	3.1	0.87
26Q06	115.3	25.4	18.5	12.8	3.52

🧬 ROE

_查無 ROE 資料_

📈 月營收

_最新 YoY: **+110.7%** | 資料來源：FinMind TaiwanStockMonthRevenue_

💵 配息

年度	現金	合計
110年	5.00	5.00
111年	3.00	3.00
112年	1.50	1.50
113年	1.80	1.80
114年	3.00	3.00

📰 新聞

· 聯茂推M10混壓驗證，2027年M9拚放量擴產 - 台視全球資訊網

2026-10-27 03:49:44 · 台視全球資訊網

· 焦點股》聯茂：9月賺贏Q2！強勢表態 - 自由財經

2026-10-27 01:36:40 · 自由財經

· 【09:00 即時新聞】聯茂(6213)亮燈漲停，AI高階CCL題材引關注 - CMoney投資網誌

2026-10-27 01:00:42 · CMoney投資網誌

· PCB大潮／PTFE撼動CCL霸主地位？台光電、台燿、聯茂看法一次看、唯一共識是這事 - Yahoo新聞

2026-10-27 00:53:06 · Yahoo新聞

· PCB大潮／PTFE撼動CCL霸主地位？台光電、台燿、聯茂看法一次看、唯一共識是這事 - 鏡報

2026-10-27 00:02:00 · 鏡報

💡 觀察

- 目前股價位於近一年區間的 85%（接近 52 週高），留意短線過熱風險。
- 當日三大法人合計賣超 2,906 張，籌碼面偏空。
- 融資餘額 18,394 張，今日增 284 張，散戶加槓桿偏多。
- 融券餘額 892 張（融券做空者少，多方力道強）。
- P/E 115.7 偏高，估值可能偏貴。

🔬 Deep-dive

# Tiger Global Growth Equity — Deep Dive

You are a **growth equity analyst at Tiger Global**, modeled after the firm's
publicly documented investment framework. Apply this to:

**Target Company**: 6213 聯茂 (電子零組件業)
**Current Price**: NT$777.00
**Market Cap**: NT$282,488M
**Price Return (calendar days)**: +51.5% (60d), +482.0% (240d)
**Volume (data date)**: 38,695.7 張
**Latest News (last 5 days)**:
  - 聯茂推M10混壓驗證，2027年M9拚放量擴產 - 台視全球資訊網
  - 焦點股》聯茂：9月賺贏Q2！ 強勢表態 - 自由財經
  - 【09:00 即時新聞】聯茂(6213)亮燈漲停，AI高階CCL題材引關注 - CMoney投資網誌

## Your Task

Produce a **one-page investment memo** with these 10 sections:

1. **Business Quality Assessment** (Score 1-10)
   - What does this company do in 1-2 sentences?
   - What is the durable competitive advantage (moat)?
   - What is the TAM and where in the S-curve is this company?

2. **Rule of 40 Check**
   - Revenue growth rate (YoY) +
   - EBITDA margin (or operating margin if EBITDA unavailable) =
   - Is it > 40%?

3. **Net Revenue Retention**
   - Estimate NRR from any available data (existing customer growth, expansion, churn)
   - Target: > 120% for healthy SaaS-like businesses

4. **Unit Economics**
   - Gross margin trajectory (improving / stable / declining)
   - Operating margin path to profitability
   - Any signs of cost discipline?

5. **Capital Allocation**
   - Where is the company investing? (R&D, M&A, capex)
   - Insider ownership % and recent transactions
   - Any buybacks, dividends, dilution?

6. **Comparable Multiples**
   - Industry peers and their P/E, P/S, EV/EBITDA
   - Where does 6213 sit relative to peers?
   - Is the premium / discount justified?

7. **Bull Case** (3-5 bullet points, base rates cited)

8. **Bear Case** (3-5 bullet points, specific downside scenarios)

9. **Catalysts** (next 12 months, ranked by impact)
   - Product launches, earnings, regulatory, macro

10. **Investment Decision** (1 paragraph)
    - Position size (small / medium / large)
    - Entry trigger (price level or condition)
    - Stop loss level
    - 12-month price target with reasoning
    - Conviction level (low / medium / high)

## Constraints

- Cite specific numbers, not vague statements
- Reference real comparable companies (e.g., for Taiwan semiconductor, compare to TSMC peers)
- Output should fit on a single printed page
- Use markdown tables for comparable analysis
- **No buy/sell recommendation** without explicit risk framework

📊 Market Report 🎛 Ticker Dashboard 🏛 Wall Street 📋 Research

2207 和泰車短中期

汽車工業 · 市值 2,952.6 億 · 成交量 189.0 張

530.00 +0.76%

240 曆日價格報酬 -5.2%外資 +73 張RSI 64 甜蜜區多頭排列

🧘 纏論

- 收盤: **551.00** | 60日高: 573.00 | 60日低: 487.00 | 振幅: 15.6%

📈 技術

- 收盤: **551.00** | MA5: 535.80 | MA13: 532.15 | MA27: 526.74 | MA54: 523.02 - RSI(14): **62.7** (中性) | 趨勢: **多頭排列** - 區間高: 558.00 | 區間低: 490.00 | 波動: 12.3%

💰 估值

- 市值: **2,952.6 億** | 收盤: 530.00 | 成交量: 189.0 張 - 60/120/240 為日曆日回溯原始價格報酬；20 曆日相對報酬扣除當日有效樣本等權均值。未含股息或除權息調整，不代表總報酬或相對加權指數報酬。

🏛 法人

日期	外資	投信	自營	合計
2026-10-27	+228	-6	-2	+220
2026-10-22	+73	-2	+1	+72
2026-10-21	+9	-7	-2	+0
2026-10-20	+17	-2	-13	+2
2026-10-19	+21	+5	-7	+19
2026-10-16	+126	-12	-12	+102
2026-10-15	+177	+5	-1	+181
2026-10-14	+127	+5	-2	+130

**近 8 日累積**：外資 +779 張｜投信 -14 張｜自營 -38 張｜合計 +727 張

💴 融資

- 今日融資: **0 張** | 融券: **0 張** | 融資融券比: —

📊 季報

季度	營收(億)	毛利(億)	營業利益(億)	淨利(億)	EPS
25Q03	730.6	—	—	50.8	7.73
25Q06	680.3	—	—	48.5	7.10
25Q09	708.4	—	—	63.9	10.03
25Q12	706.7	—	—	61.5	9.07
26Q03	713.3	—	—	52.6	7.95
26Q06	895.5	—	—	85.0	13.62

🧬 ROE

_查無 ROE 資料_

📈 月營收

_最新 YoY: **+28.2%** | 資料來源：FinMind TaiwanStockMonthRevenue_

💵 配息

年度	現金	股票	合計
110年	20.00	0.00	20.00
111年	2.00	0.20	2.20
112年	20.00	0.00	20.00
113年	20.00	0.00	20.00
114年	20.00	0.00	20.00

📰 新聞

_近 5 日無可驗證新聞_

💡 觀察

- 目前股價位於近一年區間的 58%，處於中段。
- 當日三大法人合計買超 1,231 張，籌碼面偏多。

🔬 Deep-dive

# Tiger Global Growth Equity — Deep Dive

You are a **growth equity analyst at Tiger Global**, modeled after the firm's
publicly documented investment framework. Apply this to:

**Target Company**: 2207 和泰車 (汽車工業)
**Current Price**: NT$530.00
**Market Cap**: NT$295,264M
**Price Return (calendar days)**: +2.3% (60d), -5.2% (240d)
**Volume (data date)**: 189.0 張
**Latest News (last 5 days)**:
  (未提供近期新聞)

## Your Task

Produce a **one-page investment memo** with these 10 sections:

1. **Business Quality Assessment** (Score 1-10)
   - What does this company do in 1-2 sentences?
   - What is the durable competitive advantage (moat)?
   - What is the TAM and where in the S-curve is this company?

2. **Rule of 40 Check**
   - Revenue growth rate (YoY) +
   - EBITDA margin (or operating margin if EBITDA unavailable) =
   - Is it > 40%?

3. **Net Revenue Retention**
   - Estimate NRR from any available data (existing customer growth, expansion, churn)
   - Target: > 120% for healthy SaaS-like businesses

4. **Unit Economics**
   - Gross margin trajectory (improving / stable / declining)
   - Operating margin path to profitability
   - Any signs of cost discipline?

5. **Capital Allocation**
   - Where is the company investing? (R&D, M&A, capex)
   - Insider ownership % and recent transactions
   - Any buybacks, dividends, dilution?

6. **Comparable Multiples**
   - Industry peers and their P/E, P/S, EV/EBITDA
   - Where does 2207 sit relative to peers?
   - Is the premium / discount justified?

7. **Bull Case** (3-5 bullet points, base rates cited)

8. **Bear Case** (3-5 bullet points, specific downside scenarios)

9. **Catalysts** (next 12 months, ranked by impact)
   - Product launches, earnings, regulatory, macro

10. **Investment Decision** (1 paragraph)
    - Position size (small / medium / large)
    - Entry trigger (price level or condition)
    - Stop loss level
    - 12-month price target with reasoning
    - Conviction level (low / medium / high)

## Constraints

- Cite specific numbers, not vague statements
- Reference real comparable companies (e.g., for Taiwan semiconductor, compare to TSMC peers)
- Output should fit on a single printed page
- Use markdown tables for comparable analysis
- **No buy/sell recommendation** without explicit risk framework

📊 Market Report 🎛 Ticker Dashboard 🏛 Wall Street 📋 Research

2379 瑞昱短中期

半導體業 · 市值 3,979.8 億 · 成交量 2,461.2 張

772.00 -2.53%

240 曆日價格報酬 +62.5%外資 +53 張RSI 55 甜蜜區多頭排列

🧘 纏論

- 收盤: **793.00** | 60日高: 805.00 | 60日低: 655.00 | 振幅: 18.9%

📈 技術

- 收盤: **793.00** | MA5: 782.00 | MA13: 768.69 | MA27: 752.44 | MA54: 740.06 - RSI(14): **61.9** (中性) | 趨勢: **多頭排列** - 區間高: 793.00 | 區間低: 683.00 | 波動: 13.9%

💰 估值

- 市值: **3,979.8 億** | 收盤: 772.00 | 成交量: 2,461.2 張 - 60/120/240 為日曆日回溯原始價格報酬；20 曆日相對報酬扣除當日有效樣本等權均值。未含股息或除權息調整，不代表總報酬或相對加權指數報酬。

🏛 法人

日期	外資	投信	自營	合計
2026-10-27	+1,176	-288	+3	+892
2026-10-22	+53	-60	+124	+117
2026-10-21	+1,148	-138	+203	+1,213
2026-10-20	-22	+160	+126	+264
2026-10-19	+586	-19	+93	+659
2026-10-16	+834	+477	+52	+1,364
2026-10-15	+243	+207	+172	+622
2026-10-14	+1,199	+106	+42	+1,347

**近 8 日累積**：外資 +5,218 張｜投信 +445 張｜自營 +815 張｜合計 +6,478 張

💴 融資

- 今日融資: **0 張** | 融券: **0 張** | 融資融券比: —

📊 季報

季度	營收(億)	毛利(億)	營業利益(億)	淨利(億)	EPS
25Q03	350.2	180.6	49.0	47.6	9.28
25Q06	319.1	160.3	40.1	39.1	7.62
25Q09	294.9	146.5	31.1	34.3	6.69
25Q12	262.8	126.4	23.3	26.5	5.18
26Q03	364.2	180.9	43.3	43.3	8.44
26Q06	375.5	176.5	37.3	38.1	7.42

🧬 ROE

_查無 ROE 資料_

📈 月營收

_最新 YoY: **+23.4%** | 資料來源：FinMind TaiwanStockMonthRevenue_

💵 配息

年度	現金	合計
110年	25.00	25.00
111年	26.00	26.00
112年	15.00	15.00
113年	25.50	25.50
114年	25.00	25.00

📰 新聞

· 瑞昱29日召開法說會營運展望受關注 - UDN

2026-10-24 07:15:58 · UDN

💡 觀察

- 目前股價位於近一年區間的 76%，處於中段。
- 當日三大法人合計買超 9,510 張，籌碼面偏多。
- 融資餘額 2,440 張，今日減 29 張，散戶去槓桿。
- 融券餘額 68 張（融券做空者少，多方力道強）。
- P/E 28.8 偏高，估值可能偏貴。

🔬 Deep-dive

# Tiger Global Growth Equity — Deep Dive

You are a **growth equity analyst at Tiger Global**, modeled after the firm's
publicly documented investment framework. Apply this to:

**Target Company**: 2379 瑞昱 (半導體業)
**Current Price**: NT$772.00
**Market Cap**: NT$397,976M
**Price Return (calendar days)**: +8.1% (60d), +62.5% (240d)
**Volume (data date)**: 2,461.2 張
**Latest News (last 5 days)**:
  - 瑞昱29日召開法說會 營運展望受關注 - UDN

## Your Task

Produce a **one-page investment memo** with these 10 sections:

1. **Business Quality Assessment** (Score 1-10)
   - What does this company do in 1-2 sentences?
   - What is the durable competitive advantage (moat)?
   - What is the TAM and where in the S-curve is this company?

2. **Rule of 40 Check**
   - Revenue growth rate (YoY) +
   - EBITDA margin (or operating margin if EBITDA unavailable) =
   - Is it > 40%?

3. **Net Revenue Retention**
   - Estimate NRR from any available data (existing customer growth, expansion, churn)
   - Target: > 120% for healthy SaaS-like businesses

4. **Unit Economics**
   - Gross margin trajectory (improving / stable / declining)
   - Operating margin path to profitability
   - Any signs of cost discipline?

5. **Capital Allocation**
   - Where is the company investing? (R&D, M&A, capex)
   - Insider ownership % and recent transactions
   - Any buybacks, dividends, dilution?

6. **Comparable Multiples**
   - Industry peers and their P/E, P/S, EV/EBITDA
   - Where does 2379 sit relative to peers?
   - Is the premium / discount justified?

7. **Bull Case** (3-5 bullet points, base rates cited)

8. **Bear Case** (3-5 bullet points, specific downside scenarios)

9. **Catalysts** (next 12 months, ranked by impact)
   - Product launches, earnings, regulatory, macro

10. **Investment Decision** (1 paragraph)
    - Position size (small / medium / large)
    - Entry trigger (price level or condition)
    - Stop loss level
    - 12-month price target with reasoning
    - Conviction level (low / medium / high)

## Constraints

- Cite specific numbers, not vague statements
- Reference real comparable companies (e.g., for Taiwan semiconductor, compare to TSMC peers)
- Output should fit on a single printed page
- Use markdown tables for comparable analysis
- **No buy/sell recommendation** without explicit risk framework

📊 Market Report 🎛 Ticker Dashboard 🏛 Wall Street 📋 Research

6409 旭隼短中期

其他電子業 · 市值 803.1 億 · 成交量 223.7 張

910.00 -0.33%

240 曆日價格報酬 -1.3%外資 +98 張RSI 51 甜蜜區多頭排列

🧘 纏論

- 收盤: **959.00** | 60日高: 1085.00 | 60日低: 846.00 | 振幅: 24.9%

📈 技術

- 收盤: **959.00** | MA5: 909.20 | MA13: 895.46 | MA27: 889.48 | MA54: 943.13 - RSI(14): **59.7** (中性) | 趨勢: **多頭排列** - 區間高: 1065.00 | 區間低: 854.00 | 波動: 22.0%

💰 估值

- 市值: **803.1 億** | 收盤: 910.00 | 成交量: 223.7 張 - 60/120/240 為日曆日回溯原始價格報酬；20 曆日相對報酬扣除當日有效樣本等權均值。未含股息或除權息調整，不代表總報酬或相對加權指數報酬。

🏛 法人

日期	外資	投信	自營	合計
2026-10-27	+251	-39	+4	+216
2026-10-22	+98	-44	-7	+47
2026-10-21	+194	-37	+6	+163
2026-10-20	-27	-37	-2	-66
2026-10-19	+137	-35	+0	+103
2026-10-16	+10	-9	-1	+0
2026-10-15	+125	+3	-2	+126
2026-10-14	+247	+15	+23	+285

**近 8 日累積**：外資 +1,034 張｜投信 -182 張｜自營 +22 張｜合計 +874 張

💴 融資

- 今日融資: **0 張** | 融券: **0 張** | 融資融券比: —

📊 季報

季度	營收(億)	毛利(億)	營業利益(億)	淨利(億)	EPS
25Q03	49.9	14.8	10.7	8.5	9.73
25Q06	57.1	16.4	11.5	15.0	17.11
25Q09	51.8	15.0	11.4	6.4	7.32
25Q12	46.4	13.5	9.7	5.3	6.07
26Q03	42.0	11.0	7.6	3.9	4.46
26Q06	55.5	14.0	10.1	7.1	8.12

🧬 ROE

_查無 ROE 資料_

📈 月營收

_最新 YoY: **+7.3%** | 資料來源：FinMind TaiwanStockMonthRevenue_

💵 配息

年度	現金	合計
110年	23.55	23.55
111年	43.51	43.51
112年	35.50	35.50
113年	41.00	41.00
114年	34.78	34.78

📰 新聞

· 【10/27 產業即時新聞】電子中游-變壓器與UPS族群漲2.42%：不斷電系統需求回溫，旭隼領軍強勢表態 - CMoney投資網誌

2026-10-27 01:31:00 · CMoney投資網誌

· 旭隼(6409) 個股概覽 | 個股 - 股市 - CMoney

2026-10-25 05:40:35 · CMoney

· 6409 旭隼- 【本週復盤】資料中心機房題材，「3檔概念股」走勢分化！ - 股市爆料同學會 - CMoney

2026-10-25 03:18:20 · CMoney

· 輝達800V電源大商機！旭隼新產品明年出貨外資喊2027年獲利反彈28％ - FTNN 新聞網

2026-10-24 05:05:00 · FTNN 新聞網

· 旭隼前三季獲利爆發受惠電力商外包趨勢、產品組合改善 - UDN

2026-10-23 17:46:59 · UDN

💡 觀察

- 目前股價位於近一年區間的 47%，處於中段。
- 當日三大法人合計買超 638 張，籌碼面偏多。
- 融資餘額 798 張，今日減 13 張，散戶去槓桿。
- 融券餘額 3 張（融券做空者少，多方力道強）。
- P/E 37.2 偏高，估值可能偏貴。

🔬 Deep-dive

# Tiger Global Growth Equity — Deep Dive

You are a **growth equity analyst at Tiger Global**, modeled after the firm's
publicly documented investment framework. Apply this to:

**Target Company**: 6409 旭隼 (其他電子業)
**Current Price**: NT$910.00
**Market Cap**: NT$80,311M
**Price Return (calendar days)**: -8.5% (60d), -1.3% (240d)
**Volume (data date)**: 223.7 張
**Latest News (last 5 days)**:
  - 【10/27 產業即時新聞】電子中游-變壓器與UPS族群漲2.42%：不斷電系統需求回溫，旭隼領軍強勢表態 - CMoney投資網誌
  - 旭隼(6409) 個股概覽 | 個股 - 股市 - CMoney
  - 6409 旭隼- 【本週復盤】資料中心機房題材，「3檔概念股」走勢分化！ - 股市爆料同學會 - CMoney

## Your Task

Produce a **one-page investment memo** with these 10 sections:

1. **Business Quality Assessment** (Score 1-10)
   - What does this company do in 1-2 sentences?
   - What is the durable competitive advantage (moat)?
   - What is the TAM and where in the S-curve is this company?

2. **Rule of 40 Check**
   - Revenue growth rate (YoY) +
   - EBITDA margin (or operating margin if EBITDA unavailable) =
   - Is it > 40%?

3. **Net Revenue Retention**
   - Estimate NRR from any available data (existing customer growth, expansion, churn)
   - Target: > 120% for healthy SaaS-like businesses

4. **Unit Economics**
   - Gross margin trajectory (improving / stable / declining)
   - Operating margin path to profitability
   - Any signs of cost discipline?

5. **Capital Allocation**
   - Where is the company investing? (R&D, M&A, capex)
   - Insider ownership % and recent transactions
   - Any buybacks, dividends, dilution?

6. **Comparable Multiples**
   - Industry peers and their P/E, P/S, EV/EBITDA
   - Where does 6409 sit relative to peers?
   - Is the premium / discount justified?

7. **Bull Case** (3-5 bullet points, base rates cited)

8. **Bear Case** (3-5 bullet points, specific downside scenarios)

9. **Catalysts** (next 12 months, ranked by impact)
   - Product launches, earnings, regulatory, macro

10. **Investment Decision** (1 paragraph)
    - Position size (small / medium / large)
    - Entry trigger (price level or condition)
    - Stop loss level
    - 12-month price target with reasoning
    - Conviction level (low / medium / high)

## Constraints

- Cite specific numbers, not vague statements
- Reference real comparable companies (e.g., for Taiwan semiconductor, compare to TSMC peers)
- Output should fit on a single printed page
- Use markdown tables for comparable analysis
- **No buy/sell recommendation** without explicit risk framework

📊 Market Report 🎛 Ticker Dashboard 🏛 Wall Street 📋 Research

🏆 高價股龍頭企業、法人重倉、波動相對小

2454 聯發科長期

半導體業 · 市值 64,358.6 億 · 成交量 7,074.4 張

4,010.00 -3.14%

240 曆日價格報酬 +119.7%外資 -1,084 張RSI 22 超賣法人首次進場

🧘 纏論

- 收盤: **3960.00** | 60日高: 5480.00 | 60日低: 2990.00 | 振幅: 62.9%

📈 技術

- 收盤: **3960.00** | MA5: 4093.00 | MA13: 4406.15 | MA27: 4630.19 | MA54: 4367.04 - RSI(14): **34.4** (中性) | 趨勢: **空頭排列** - 區間高: 5285.00 | 區間低: 3150.00 | 波動: 53.9%

💰 估值

- 市值: **64,358.6 億** | 收盤: 4010.00 | 成交量: 7,074.4 張 - 60/120/240 為日曆日回溯原始價格報酬；20 曆日相對報酬扣除當日有效樣本等權均值。未含股息或除權息調整，不代表總報酬或相對加權指數報酬。

🏛 法人

日期	外資	投信	自營	合計
2026-10-27	-2,339	+677	+173	-1,489
2026-10-22	-1,084	+357	+96	-631
2026-10-21	-1,162	+167	-652	-1,646
2026-10-20	-1,566	+296	-98	-1,368
2026-10-19	-1,153	+166	-214	-1,202
2026-10-16	-1,622	+471	-232	-1,383
2026-10-15	-6,884	+445	+312	-6,127
2026-10-14	-3,513	+239	+17	-3,257

**近 8 日累積**：外資 -19,323 張｜投信 +2,818 張｜自營 -597 張｜合計 -17,102 張

💴 融資

- 今日融資: **0 張** | 融券: **0 張** | 融資融券比: —

📊 季報

季度	營收(億)	毛利(億)	營業利益(億)	淨利(億)	EPS
25Q03	1533.1	738.1	300.5	295.3	18.43
25Q06	1503.7	738.8	293.8	280.6	17.50
25Q09	1421.0	661.1	221.9	254.5	15.84
25Q12	1501.9	692.8	218.5	230.7	14.40
26Q03	1491.5	690.6	228.9	243.8	15.17
26Q06	1521.8	703.1	228.7	246.1	15.28

🧬 ROE

_查無 ROE 資料_

📈 月營收

_最新 YoY: **+2.0%** | 資料來源：FinMind TaiwanStockMonthRevenue_

💵 配息

年度	現金	合計
112年後半年度	30.41	30.41
113年前半年度	29.00	29.00
113年後半年度	25.00	25.00
114年前半年度	29.00	29.00
114年後半年度	24.50	24.50

📰 新聞

· 2454 聯發科 - 6700億元人民幣登頂！張一鳴刷新中國首富財富紀錄- 股市爆料同學會 - CMoney

2026-10-27 04:46:03 · CMoney

· 台積電、聯發科別二選一！杜金龍教你零股買法這檔大跌買開盤價 - TVBS

2026-10-27 04:15:00 · TVBS

· 聯發科法說倒數、投資人先跑？失守4000元創2個月盤中最低 - Yahoo股市

2026-10-27 02:55:46 · Yahoo股市

· 台股重量級法說會登場！聯發科、台達電、聯電上陣 AI需求能變獲利？ - UDN

2026-10-25 18:56:14 · UDN

· 台股重量級法說會登場！聯發科、台達電、聯電上陣 AI 需求能變獲利？ - UDN

2026-10-25 17:34:42 · UDN

💡 觀察

- 目前股價位於近一年區間的 68%，處於中段。
- 當日三大法人合計賣超 38,845 張，籌碼面偏空。
- 融資餘額 11,788 張，今日減 133 張，散戶去槓桿。
- 融券餘額 12 張（融券做空者少，多方力道強）。
- P/E 65.4 偏高，估值可能偏貴。

🔬 Deep-dive

# Tiger Global Growth Equity — Deep Dive

You are a **growth equity analyst at Tiger Global**, modeled after the firm's
publicly documented investment framework. Apply this to:

**Target Company**: 2454 聯發科 (半導體業)
**Current Price**: NT$4010.00
**Market Cap**: NT$6,435,860M
**Price Return (calendar days)**: +5.8% (60d), +119.7% (240d)
**Volume (data date)**: 7,074.4 張
**Latest News (last 5 days)**:
  - 2454 聯發科 - 6700億元人民幣登頂！ 張一鳴刷新中國首富財富紀錄- 股市爆料同學會 - CMoney
  - 台積電、聯發科別二選一！杜金龍教你零股買法 這檔大跌買開盤價 - TVBS
  - 聯發科法說倒數、投資人先跑？失守4000元創2個月盤中最低 - Yahoo股市

## Your Task

Produce a **one-page investment memo** with these 10 sections:

1. **Business Quality Assessment** (Score 1-10)
   - What does this company do in 1-2 sentences?
   - What is the durable competitive advantage (moat)?
   - What is the TAM and where in the S-curve is this company?

2. **Rule of 40 Check**
   - Revenue growth rate (YoY) +
   - EBITDA margin (or operating margin if EBITDA unavailable) =
   - Is it > 40%?

3. **Net Revenue Retention**
   - Estimate NRR from any available data (existing customer growth, expansion, churn)
   - Target: > 120% for healthy SaaS-like businesses

4. **Unit Economics**
   - Gross margin trajectory (improving / stable / declining)
   - Operating margin path to profitability
   - Any signs of cost discipline?

5. **Capital Allocation**
   - Where is the company investing? (R&D, M&A, capex)
   - Insider ownership % and recent transactions
   - Any buybacks, dividends, dilution?

6. **Comparable Multiples**
   - Industry peers and their P/E, P/S, EV/EBITDA
   - Where does 2454 sit relative to peers?
   - Is the premium / discount justified?

7. **Bull Case** (3-5 bullet points, base rates cited)

8. **Bear Case** (3-5 bullet points, specific downside scenarios)

9. **Catalysts** (next 12 months, ranked by impact)
   - Product launches, earnings, regulatory, macro

10. **Investment Decision** (1 paragraph)
    - Position size (small / medium / large)
    - Entry trigger (price level or condition)
    - Stop loss level
    - 12-month price target with reasoning
    - Conviction level (low / medium / high)

## Constraints

- Cite specific numbers, not vague statements
- Reference real comparable companies (e.g., for Taiwan semiconductor, compare to TSMC peers)
- Output should fit on a single printed page
- Use markdown tables for comparable analysis
- **No buy/sell recommendation** without explicit risk framework

📊 Market Report 🎛 Ticker Dashboard 🏛 Wall Street 📋 Research

3037 欣興長期

電子零組件業 · 市值 17,808.0 億 · 成交量 21,289.8 張

1,085.00 -1.36%

240 曆日價格報酬 +143.3%外資 +28 張法人首次進場

🧘 纏論

- 收盤: **1060.00** | 60日高: 1420.00 | 60日低: 653.00 | 振幅: 72.4%

📈 技術

- 收盤: **1060.00** | MA5: 1084.00 | MA13: 1162.31 | MA27: 1119.81 | MA54: 1073.44 - RSI(14): **45.0** (中性) | 趨勢: **盤整/糾結** - 區間高: 1325.00 | 區間低: 688.00 | 波動: 60.1%

💰 估值

- 市值: **17,808.0 億** | 收盤: 1085.00 | 成交量: 21,289.8 張 - 60/120/240 為日曆日回溯原始價格報酬；20 曆日相對報酬扣除當日有效樣本等權均值。未含股息或除權息調整，不代表總報酬或相對加權指數報酬。

🏛 法人

日期	外資	投信	自營	合計
2026-10-27	-2,867	+2,111	+290	-467
2026-10-22	+28	+1,415	+21	+1,464
2026-10-21	-1,687	+970	+51	-666
2026-10-20	-2,531	+707	-156	-1,980
2026-10-19	-1,733	+703	+0	-1,030
2026-10-16	-2,804	+1,086	-210	-1,928
2026-10-15	-8,532	+1,752	+508	-6,272
2026-10-14	+566	+30	+121	+718

**近 8 日累積**：外資 -19,561 張｜投信 +8,776 張｜自營 +625 張｜合計 -10,160 張

💴 融資

- 今日融資: **0 張** | 融券: **0 張** | 融資融券比: —

📊 季報

季度	營收(億)	毛利(億)	營業利益(億)	淨利(億)	EPS
25Q03	300.9	40.3	12.7	9.2	0.60
25Q06	324.7	42.5	15.1	2.6	0.02
25Q09	339.9	45.5	15.3	24.5	1.44
25Q12	346.9	54.7	23.7	39.2	2.32
26Q03	374.5	67.3	27.6	53.8	3.28
26Q06	428.9	106.4	66.5	133.4	8.45

🧬 ROE

_查無 ROE 資料_

📈 月營收

_最新 YoY: **+64.7%** | 資料來源：FinMind TaiwanStockMonthRevenue_

💵 配息

年度	現金	合計
110年	3.40	3.40
111年	7.99	7.99
112年	3.00	3.00
113年	1.50	1.50
114年	1.98	1.98

📰 新聞

2026-10-27 03:39:35 · CMoney投資網誌

· 焦點股》欣興：Rubin載板價值較上代大增100％載板毛利率挑戰50％ - 自由時報

2026-10-27 02:57:46 · 自由時報

· 焦點股》欣興：Rubin載板價值較上代大增100％載板毛利率挑戰50％ - 自由財經

2026-10-27 02:56:38 · 自由財經

· 3037 欣興- 【10/27 產業即時新聞】ABF載板族群強勢彈升，南電領軍反攻、AI伺服器需求點火買氣- 股市爆料同學會 - CMoney

2026-10-27 01:41:04 · CMoney

· 欣興有底氣大摩按讚 - UDN

2026-10-26 18:03:18 · UDN

💡 觀察

- 目前股價位於近一年區間的 77%，處於中段。
- 當日三大法人合計買超 1,155 張，籌碼面偏多。
- 融資餘額 35,760 張，今日減 549 張，散戶去槓桿。
- 融券餘額 302 張（融券做空者少，多方力道強）。
- P/E 70.6 偏高，估值可能偏貴。

🔬 Deep-dive

# Tiger Global Growth Equity — Deep Dive

You are a **growth equity analyst at Tiger Global**, modeled after the firm's
publicly documented investment framework. Apply this to:

**Target Company**: 3037 欣興 (電子零組件業)
**Current Price**: NT$1085.00
**Market Cap**: NT$1,780,801M
**Price Return (calendar days)**: +0.0% (60d), +143.3% (240d)
**Volume (data date)**: 21,289.8 張
**Latest News (last 5 days)**:
  - 全球ABF載板市場最新預估上看180億美元，高階產能緊俏，欣興擴產備戰！-財經焦點情報站 - CMoney投資網誌
  - 焦點股》欣興：Rubin載板價值較上代大增100％ 載板毛利率挑戰50％ - 自由時報
  - 焦點股》欣興：Rubin載板價值較上代大增100％ 載板毛利率挑戰50％ - 自由財經

## Your Task

Produce a **one-page investment memo** with these 10 sections:

1. **Business Quality Assessment** (Score 1-10)
   - What does this company do in 1-2 sentences?
   - What is the durable competitive advantage (moat)?
   - What is the TAM and where in the S-curve is this company?

2. **Rule of 40 Check**
   - Revenue growth rate (YoY) +
   - EBITDA margin (or operating margin if EBITDA unavailable) =
   - Is it > 40%?

3. **Net Revenue Retention**
   - Estimate NRR from any available data (existing customer growth, expansion, churn)
   - Target: > 120% for healthy SaaS-like businesses

4. **Unit Economics**
   - Gross margin trajectory (improving / stable / declining)
   - Operating margin path to profitability
   - Any signs of cost discipline?

5. **Capital Allocation**
   - Where is the company investing? (R&D, M&A, capex)
   - Insider ownership % and recent transactions
   - Any buybacks, dividends, dilution?

6. **Comparable Multiples**
   - Industry peers and their P/E, P/S, EV/EBITDA
   - Where does 3037 sit relative to peers?
   - Is the premium / discount justified?

7. **Bull Case** (3-5 bullet points, base rates cited)

8. **Bear Case** (3-5 bullet points, specific downside scenarios)

9. **Catalysts** (next 12 months, ranked by impact)
   - Product launches, earnings, regulatory, macro

10. **Investment Decision** (1 paragraph)
    - Position size (small / medium / large)
    - Entry trigger (price level or condition)
    - Stop loss level
    - 12-month price target with reasoning
    - Conviction level (low / medium / high)

## Constraints

- Cite specific numbers, not vague statements
- Reference real comparable companies (e.g., for Taiwan semiconductor, compare to TSMC peers)
- Output should fit on a single printed page
- Use markdown tables for comparable analysis
- **No buy/sell recommendation** without explicit risk framework

📊 Market Report 🎛 Ticker Dashboard 🏛 Wall Street 📋 Research

3443 創意長期

半導體業 · 市值 10,164.8 億 · 成交量 1,513.6 張

7,585.00 -5.19%

240 曆日價格報酬 +203.4%外資 +32 張法人首次進場

🧘 纏論

- 收盤: **7430.00** | 60日高: 8710.00 | 60日低: 3175.00 | 振幅: 74.5%

📈 技術

- 收盤: **7430.00** | MA5: 7718.00 | MA13: 7962.69 | MA27: 7650.19 | MA54: 6588.06 - RSI(14): **49.5** (中性) | 趨勢: **盤整/糾結** - 區間高: 8600.00 | 區間低: 3295.00 | 波動: 71.4%

💰 估值

- 市值: **10,164.8 億** | 收盤: 7585.00 | 成交量: 1,513.6 張 - 60/120/240 為日曆日回溯原始價格報酬；20 曆日相對報酬扣除當日有效樣本等權均值。未含股息或除權息調整，不代表總報酬或相對加權指數報酬。

🏛 法人

日期	外資	投信	自營	合計
2026-10-27	+207	-70	+26	+163
2026-10-22	+32	+39	-1	+71
2026-10-21	-49	+130	-41	+40
2026-10-20	+45	+146	-7	+185
2026-10-19	-66	+218	-11	+141
2026-10-16	+74	+21	-106	-10
2026-10-15	+167	+52	-22	+197
2026-10-14	-15	+135	-16	+104

**近 8 日累積**：外資 +396 張｜投信 +672 張｜自營 -177 張｜合計 +891 張

💴 融資

- 今日融資: **0 張** | 融券: **0 張** | 融資融券比: —

📊 季報

季度	營收(億)	毛利(億)	營業利益(億)	淨利(億)	EPS
25Q03	70.2	19.7	10.9	9.6	7.17
25Q06	61.0	20.3	9.4	7.8	5.84
25Q09	86.1	20.9	10.5	8.7	6.47
25Q12	124.0	23.6	12.6	11.6	8.65
26Q03	114.5	31.1	18.2	16.5	12.28
26Q06	139.0	29.9	16.8	15.6	11.61

🧬 ROE

_查無 ROE 資料_

📈 月營收

_最新 YoY: **+97.8%** | 資料來源：FinMind TaiwanStockMonthRevenue_

💵 配息

年度	現金	合計
110年	7.00	7.00
111年	14.00	14.00
112年	14.00	14.00
113年	16.00	16.00
114年	20.00	20.00

📰 新聞

_近 5 日無可驗證新聞_

💡 觀察

- 目前股價位於近一年區間的 83%（接近 52 週高），留意短線過熱風險。
- 當日三大法人合計買超 1,436 張，籌碼面偏多。
- 融資餘額 4,494 張，今日減 166 張，散戶去槓桿。
- 融券餘額 233 張（融券做空者少，多方力道強）。
- P/E 190.5 偏高，估值可能偏貴。

🔬 Deep-dive

# Tiger Global Growth Equity — Deep Dive

You are a **growth equity analyst at Tiger Global**, modeled after the firm's
publicly documented investment framework. Apply this to:

**Target Company**: 3443 創意 (半導體業)
**Current Price**: NT$7585.00
**Market Cap**: NT$1,016,480M
**Price Return (calendar days)**: +35.4% (60d), +203.4% (240d)
**Volume (data date)**: 1,513.6 張
**Latest News (last 5 days)**:
  (未提供近期新聞)

## Your Task

Produce a **one-page investment memo** with these 10 sections:

1. **Business Quality Assessment** (Score 1-10)
   - What does this company do in 1-2 sentences?
   - What is the durable competitive advantage (moat)?
   - What is the TAM and where in the S-curve is this company?

2. **Rule of 40 Check**
   - Revenue growth rate (YoY) +
   - EBITDA margin (or operating margin if EBITDA unavailable) =
   - Is it > 40%?

3. **Net Revenue Retention**
   - Estimate NRR from any available data (existing customer growth, expansion, churn)
   - Target: > 120% for healthy SaaS-like businesses

4. **Unit Economics**
   - Gross margin trajectory (improving / stable / declining)
   - Operating margin path to profitability
   - Any signs of cost discipline?

5. **Capital Allocation**
   - Where is the company investing? (R&D, M&A, capex)
   - Insider ownership % and recent transactions
   - Any buybacks, dividends, dilution?

6. **Comparable Multiples**
   - Industry peers and their P/E, P/S, EV/EBITDA
   - Where does 3443 sit relative to peers?
   - Is the premium / discount justified?

7. **Bull Case** (3-5 bullet points, base rates cited)

8. **Bear Case** (3-5 bullet points, specific downside scenarios)

9. **Catalysts** (next 12 months, ranked by impact)
   - Product launches, earnings, regulatory, macro

10. **Investment Decision** (1 paragraph)
    - Position size (small / medium / large)
    - Entry trigger (price level or condition)
    - Stop loss level
    - 12-month price target with reasoning
    - Conviction level (low / medium / high)

## Constraints

- Cite specific numbers, not vague statements
- Reference real comparable companies (e.g., for Taiwan semiconductor, compare to TSMC peers)
- Output should fit on a single printed page
- Use markdown tables for comparable analysis
- **No buy/sell recommendation** without explicit risk framework

📊 Market Report 🎛 Ticker Dashboard 🏛 Wall Street 📋 Research

2383 台光電短中期

電子零組件業 · 市值 18,166.9 億 · 成交量 4,750.9 張

5,070.00 +1.60%

240 曆日價格報酬 +119.5%外資 +163 張RSI 53 甜蜜區法人首次進場

🧘 纏論

- 收盤: **4750.00** | 60日高: 6470.00 | 60日低: 3930.00 | 振幅: 53.5%

📈 技術

- 收盤: **4750.00** | MA5: 4976.00 | MA13: 5390.38 | MA27: 5200.37 | MA54: 5395.00 - RSI(14): **39.4** (中性) | 趨勢: **盤整/糾結** - 區間高: 6350.00 | 區間低: 4100.00 | 波動: 47.4%

💰 估值

- 市值: **18,166.9 億** | 收盤: 5070.00 | 成交量: 4,750.9 張 - 60/120/240 為日曆日回溯原始價格報酬；20 曆日相對報酬扣除當日有效樣本等權均值。未含股息或除權息調整，不代表總報酬或相對加權指數報酬。

🏛 法人

日期	外資	投信	自營	合計
2026-10-27	-1,055	+148	+148	-759
2026-10-22	+163	+36	+64	+263
2026-10-21	-189	+147	-142	-184
2026-10-20	-157	+60	-96	-192
2026-10-19	+17	+15	-111	-79
2026-10-16	+196	-185	-73	-62
2026-10-15	-962	+268	+62	-633
2026-10-14	-107	+172	-26	+39

**近 8 日累積**：外資 -2,094 張｜投信 +662 張｜自營 -175 張｜合計 -1,607 張

💴 融資

- 今日融資: **0 張** | 融券: **0 張** | 融資融券比: —

📊 季報

季度	營收(億)	毛利(億)	營業利益(億)	淨利(億)	EPS
25Q03	216.8	65.9	45.4	34.7	10.01
25Q06	225.1	68.3	46.4	34.8	10.02
25Q09	251.5	75.8	49.9	39.6	11.19
25Q12	249.3	71.2	49.3	37.4	10.44
26Q03	330.7	97.3	71.3	53.4	14.90
26Q06	472.8	160.0	127.3	98.7	27.55

🧬 ROE

_查無 ROE 資料_

📈 月營收

_最新 YoY: **+168.9%** | 資料來源：FinMind TaiwanStockMonthRevenue_

💵 配息

年度	現金	合計
110年	10.00	10.00
111年	8.41	8.41
112年	9.98	9.98
113年	16.58	16.58
114年	25.00	25.00

📰 新聞

· PCB跌跌不休！「這檔」摜至跌停挾臻鼎、騰輝崩8% 台光電、德宏、建榮都殺6% - FTNN 新聞網

2026-10-27 08:30:00 · FTNN 新聞網

· 台燿遭摜跌停、台光電暴跌！CCL慘演掉單鬼故事「法人高空倒貨背後藏玄機」專家驚揭今日重挫反成絕佳買點- 上市櫃 - 旺得富理財網

2026-10-27 05:30:41 · 旺得富理財網

· 外資看好 CCL 廠切入高毛利 ABF 載板供應鏈！點名台光電、金居市佔提升 - 鏈新聞 ABMedia

2026-10-27 03:39:29 · 鏈新聞 ABMedia

· 台光電跌破4800元關卡台達電跌破1500元台股盤中翻黑 | 信傳媒 - LINE TODAY

2026-10-27 03:35:09 · LINE TODAY

· PCB遭空方襲擊！「玻纖布大廠」9月獲利暴漲273%、盤中大跌6.12% 台光電、金居下殺7%、騰輝跌8%、台燿慘摜跌停 - FTNN 新聞網

2026-10-27 03:20:00 · FTNN 新聞網

💡 觀察

- 目前股價位於近一年區間的 68%，處於中段。
- 當日三大法人合計賣超 1,284 張，籌碼面偏空。
- 融資餘額 3,044 張，今日減 34 張，散戶去槓桿。
- 融券餘額 38 張（融券做空者少，多方力道強）。
- P/E 74.3 偏高，估值可能偏貴。

🔬 Deep-dive

# Tiger Global Growth Equity — Deep Dive

You are a **growth equity analyst at Tiger Global**, modeled after the firm's
publicly documented investment framework. Apply this to:

**Target Company**: 2383 台光電 (電子零組件業)
**Current Price**: NT$5070.00
**Market Cap**: NT$1,816,688M
**Price Return (calendar days)**: -10.7% (60d), +119.5% (240d)
**Volume (data date)**: 4,750.9 張
**Latest News (last 5 days)**:
  - PCB跌跌不休！「這檔」摜至跌停挾臻鼎、騰輝崩8% 台光電、德宏、建榮都殺6% - FTNN 新聞網
  - 台燿遭摜跌停、台光電暴跌！CCL慘演掉單鬼故事「法人高空倒貨背後藏玄機」專家驚揭今日重挫反成絕佳買點- 上市櫃 - 旺得富理財網
  - 外資看好 CCL 廠切入高毛利 ABF 載板供應鏈！點名台光電、金居市佔提升 - 鏈新聞 ABMedia

## Your Task

Produce a **one-page investment memo** with these 10 sections:

1. **Business Quality Assessment** (Score 1-10)
   - What does this company do in 1-2 sentences?
   - What is the durable competitive advantage (moat)?
   - What is the TAM and where in the S-curve is this company?

2. **Rule of 40 Check**
   - Revenue growth rate (YoY) +
   - EBITDA margin (or operating margin if EBITDA unavailable) =
   - Is it > 40%?

3. **Net Revenue Retention**
   - Estimate NRR from any available data (existing customer growth, expansion, churn)
   - Target: > 120% for healthy SaaS-like businesses

4. **Unit Economics**
   - Gross margin trajectory (improving / stable / declining)
   - Operating margin path to profitability
   - Any signs of cost discipline?

5. **Capital Allocation**
   - Where is the company investing? (R&D, M&A, capex)
   - Insider ownership % and recent transactions
   - Any buybacks, dividends, dilution?

6. **Comparable Multiples**
   - Industry peers and their P/E, P/S, EV/EBITDA
   - Where does 2383 sit relative to peers?
   - Is the premium / discount justified?

7. **Bull Case** (3-5 bullet points, base rates cited)

8. **Bear Case** (3-5 bullet points, specific downside scenarios)

9. **Catalysts** (next 12 months, ranked by impact)
   - Product launches, earnings, regulatory, macro

10. **Investment Decision** (1 paragraph)
    - Position size (small / medium / large)
    - Entry trigger (price level or condition)
    - Stop loss level
    - 12-month price target with reasoning
    - Conviction level (low / medium / high)

## Constraints

- Cite specific numbers, not vague statements
- Reference real comparable companies (e.g., for Taiwan semiconductor, compare to TSMC peers)
- Output should fit on a single printed page
- Use markdown tables for comparable analysis
- **No buy/sell recommendation** without explicit risk framework

📊 Market Report 🎛 Ticker Dashboard 🏛 Wall Street 📋 Research

3406 玉晶光短中期

光電業 · 市值 1,307.8 億 · 成交量 11,043.6 張

1,160.00 +1.75%

240 曆日價格報酬 +164.5%外資 -11 張RSI 70 超買多頭排列KD 黃金交叉法人首次進場

🧘 纏論

- 收盤: **1210.00** | 60日高: 1245.00 | 60日低: 442.00 | 振幅: 66.4%

📈 技術

- 收盤: **1210.00** | MA5: 1119.00 | MA13: 1097.31 | MA27: 1018.52 | MA54: 897.19 - RSI(14): **66.3** (中性) | 趨勢: **多頭排列** - 區間高: 1210.00 | 區間低: 447.50 | 波動: 63.0%

💰 估值

- 市值: **1,307.8 億** | 收盤: 1160.00 | 成交量: 11,043.6 張 - 60/120/240 為日曆日回溯原始價格報酬；20 曆日相對報酬扣除當日有效樣本等權均值。未含股息或除權息調整，不代表總報酬或相對加權指數報酬。

🏛 法人

日期	外資	投信	自營	合計
2026-10-27	-1,539	+554	-41	-1,026
2026-10-22	-11	+547	-1	+535
2026-10-21	-329	0	-124	-453
2026-10-20	-712	+24	+0	-688
2026-10-19	-1	0	+192	+191
2026-10-16	-1,259	+266	+25	-968
2026-10-15	-432	+389	-55	-98
2026-10-14	-2,041	+1	-20	-2,061

**近 8 日累積**：外資 -6,324 張｜投信 +1,781 張｜自營 -24 張｜合計 -4,567 張

💴 融資

- 今日融資: **0 張** | 融券: **0 張** | 融資融券比: —

📊 季報

季度	營收(億)	毛利(億)	營業利益(億)	淨利(億)	EPS
25Q03	53.2	16.5	9.0	8.7	7.74
25Q06	47.8	13.9	6.0	2.4	2.13
25Q09	77.4	26.4	18.1	14.2	12.54
25Q12	71.5	24.5	14.7	11.8	10.43
26Q03	61.4	20.6	12.0	8.9	7.90
26Q06	56.8	18.8	9.6	6.9	6.09

🧬 ROE

_查無 ROE 資料_

📈 月營收

_最新 YoY: **+0.5%** | 資料來源：FinMind TaiwanStockMonthRevenue_

💵 配息

年度	現金	合計
110年後半年度	7.99	7.99
111年後半年度	12.00	12.00
112年後半年度	12.00	12.00
113年後半年度	18.00	18.00
114年後半年度	17.00	17.00

📰 新聞

· 《光電股》玉晶光自結Q3每股淨利9.69元 - 富聯網

2026-10-27 07:03:00 · 富聯網

· 〈焦點股〉玉晶光攜美商3M推進擴束光學攻上1245元新天價 - CMoney

2026-10-27 06:05:36 · CMoney

· 〈焦點股〉玉晶光攜美商3M推進擴束光學攻上1245元新天價 - 鉅亨網

2026-10-27 06:01:01 · 鉅亨網

· 【11:33 即時新聞】玉晶光(3406)盤中走強，FAU與光通訊題材續成焦點 - CMoney投資網誌

2026-10-27 03:34:20 · CMoney投資網誌

· 玉晶光Q3每股賺9.69元；與3M合作案備受關注 - 台視全球資訊網

2026-10-27 02:48:45 · 台視全球資訊網

💡 觀察

- 目前股價位於近一年區間的 100%（接近 52 週高），留意短線過熱風險。
- 當日三大法人合計賣超 4,641 張，籌碼面偏空。
- 融資餘額 4,799 張，今日減 77 張，散戶去槓桿。
- 融券餘額 339 張（融券做空者少，多方力道強）。
- P/E 32.7 偏高，估值可能偏貴。

🔬 Deep-dive

# Tiger Global Growth Equity — Deep Dive

You are a **growth equity analyst at Tiger Global**, modeled after the firm's
publicly documented investment framework. Apply this to:

**Target Company**: 3406 玉晶光 (光電業)
**Current Price**: NT$1160.00
**Market Cap**: NT$130,782M
**Price Return (calendar days)**: +77.9% (60d), +164.5% (240d)
**Volume (data date)**: 11,043.6 張
**Latest News (last 5 days)**:
  - 《光電股》玉晶光自結Q3每股淨利9.69元 - 富聯網
  - 〈焦點股〉玉晶光攜美商3M推進擴束光學 攻上1245元新天價 - CMoney
  - 〈焦點股〉玉晶光攜美商3M推進擴束光學 攻上1245元新天價 - 鉅亨網

## Your Task

Produce a **one-page investment memo** with these 10 sections:

1. **Business Quality Assessment** (Score 1-10)
   - What does this company do in 1-2 sentences?
   - What is the durable competitive advantage (moat)?
   - What is the TAM and where in the S-curve is this company?

2. **Rule of 40 Check**
   - Revenue growth rate (YoY) +
   - EBITDA margin (or operating margin if EBITDA unavailable) =
   - Is it > 40%?

3. **Net Revenue Retention**
   - Estimate NRR from any available data (existing customer growth, expansion, churn)
   - Target: > 120% for healthy SaaS-like businesses

4. **Unit Economics**
   - Gross margin trajectory (improving / stable / declining)
   - Operating margin path to profitability
   - Any signs of cost discipline?

5. **Capital Allocation**
   - Where is the company investing? (R&D, M&A, capex)
   - Insider ownership % and recent transactions
   - Any buybacks, dividends, dilution?

6. **Comparable Multiples**
   - Industry peers and their P/E, P/S, EV/EBITDA
   - Where does 3406 sit relative to peers?
   - Is the premium / discount justified?

7. **Bull Case** (3-5 bullet points, base rates cited)

8. **Bear Case** (3-5 bullet points, specific downside scenarios)

9. **Catalysts** (next 12 months, ranked by impact)
   - Product launches, earnings, regulatory, macro

10. **Investment Decision** (1 paragraph)
    - Position size (small / medium / large)
    - Entry trigger (price level or condition)
    - Stop loss level
    - 12-month price target with reasoning
    - Conviction level (low / medium / high)

## Constraints

- Cite specific numbers, not vague statements
- Reference real comparable companies (e.g., for Taiwan semiconductor, compare to TSMC peers)
- Output should fit on a single printed page
- Use markdown tables for comparable analysis
- **No buy/sell recommendation** without explicit risk framework

📊 Market Report 🎛 Ticker Dashboard 🏛 Wall Street 📋 Research

5269 祥碩短中期

半導體業 · 市值 1,086.4 億 · 成交量 424.9 張

1,465.00 -1.35%

240 曆日價格報酬 +15.8%外資 +76 張RSI 51 甜蜜區法人首次進場

🧘 纏論

- 收盤: **1495.00** | 60日高: 1575.00 | 60日低: 1285.00 | 振幅: 19.4%

📈 技術

- 收盤: **1495.00** | MA5: 1478.00 | MA13: 1495.00 | MA27: 1470.93 | MA54: 1445.09 - RSI(14): **53.8** (中性) | 趨勢: **盤整/糾結** - 區間高: 1545.00 | 區間低: 1305.00 | 波動: 16.1%

💰 估值

- 市值: **1,086.4 億** | 收盤: 1465.00 | 成交量: 424.9 張 - 60/120/240 為日曆日回溯原始價格報酬；20 曆日相對報酬扣除當日有效樣本等權均值。未含股息或除權息調整，不代表總報酬或相對加權指數報酬。

🏛 法人

日期	外資	投信	自營	合計
2026-10-27	+275	-149	-15	+111
2026-10-22	+76	+3	-0	+78
2026-10-21	+15	+8	-4	+19
2026-10-20	+33	-5	-8	+20
2026-10-19	-18	+3	+2	-13
2026-10-16	-45	+108	-12	+52
2026-10-15	-111	+150	-34	+5
2026-10-14	+77	+4	+1	+82

**近 8 日累積**：外資 +303 張｜投信 +122 張｜自營 -70 張｜合計 +355 張

💴 融資

- 今日融資: **0 張** | 融券: **0 張** | 融資融券比: —

📊 季報

季度	營收(億)	毛利(億)	營業利益(億)	淨利(億)	EPS
25Q03	25.1	13.8	7.5	12.2	16.39
25Q06	33.9	17.8	12.4	11.2	15.02
25Q09	39.9	20.4	11.6	15.8	21.21
25Q12	35.2	18.0	8.1	15.0	20.08
26Q03	35.0	17.8	8.1	18.5	24.85
26Q06	27.2	13.7	6.5	20.2	27.22

🧬 ROE

_查無 ROE 資料_

📈 月營收

_最新 YoY: **-30.0%** | 資料來源：FinMind TaiwanStockMonthRevenue_

💵 配息

年度	現金	合計
110年	26.00	26.00
111年	20.00	20.00
112年	18.58	18.58
113年	30.00	30.00
114年	45.38	45.38

📰 新聞

· 實體AI帶動高速傳輸，祥碩(5269)何時看到營收貢獻？-柏宇 KD 獲利模式 - CMoney投資網誌

2026-10-27 08:07:16 · CMoney投資網誌

· 祥碩攜手英飛凌拓展 USB 20Gbps 生態系搶攻實體 AI 高速傳輸應用 - 經濟日報

2026-10-27 07:49:03 · 經濟日報

2026-10-27 07:09:52 · CMoney投資網誌

· 個股：英飛凌與祥碩(5269)策略合作，拓展USB 20Gbps生態系統 - 富聯網

2026-10-27 05:48:00 · 富聯網

💡 觀察

- 目前股價位於近一年區間的 82%（接近 52 週高），留意短線過熱風險。
- 當日三大法人合計買超 701 張，籌碼面偏多。
- 融資餘額 1,626 張，今日減 2 張，散戶去槓桿。
- 融券餘額 35 張（融券做空者少，多方力道強）。

🔬 Deep-dive

# Tiger Global Growth Equity — Deep Dive

You are a **growth equity analyst at Tiger Global**, modeled after the firm's
publicly documented investment framework. Apply this to:

**Target Company**: 5269 祥碩 (半導體業)
**Current Price**: NT$1465.00
**Market Cap**: NT$108,639M
**Price Return (calendar days)**: +3.5% (60d), +15.8% (240d)
**Volume (data date)**: 424.9 張
**Latest News (last 5 days)**:
  - 實體AI帶動高速傳輸，祥碩(5269)何時看到營收貢獻？-柏宇 KD 獲利模式 - CMoney投資網誌
  - 祥碩攜手英飛凌拓展 USB 20Gbps 生態系 搶攻實體 AI 高速傳輸應用 - 經濟日報
  - 實體AI引爆高速傳輸商機！最新USB 20Gbps生態系成形，祥碩結盟搶市-財經焦點情報站 - CMoney投資網誌

## Your Task

Produce a **one-page investment memo** with these 10 sections:

1. **Business Quality Assessment** (Score 1-10)
   - What does this company do in 1-2 sentences?
   - What is the durable competitive advantage (moat)?
   - What is the TAM and where in the S-curve is this company?

2. **Rule of 40 Check**
   - Revenue growth rate (YoY) +
   - EBITDA margin (or operating margin if EBITDA unavailable) =
   - Is it > 40%?

3. **Net Revenue Retention**
   - Estimate NRR from any available data (existing customer growth, expansion, churn)
   - Target: > 120% for healthy SaaS-like businesses

4. **Unit Economics**
   - Gross margin trajectory (improving / stable / declining)
   - Operating margin path to profitability
   - Any signs of cost discipline?

5. **Capital Allocation**
   - Where is the company investing? (R&D, M&A, capex)
   - Insider ownership % and recent transactions
   - Any buybacks, dividends, dilution?

6. **Comparable Multiples**
   - Industry peers and their P/E, P/S, EV/EBITDA
   - Where does 5269 sit relative to peers?
   - Is the premium / discount justified?

7. **Bull Case** (3-5 bullet points, base rates cited)

8. **Bear Case** (3-5 bullet points, specific downside scenarios)

9. **Catalysts** (next 12 months, ranked by impact)
   - Product launches, earnings, regulatory, macro

10. **Investment Decision** (1 paragraph)
    - Position size (small / medium / large)
    - Entry trigger (price level or condition)
    - Stop loss level
    - 12-month price target with reasoning
    - Conviction level (low / medium / high)

## Constraints

- Cite specific numbers, not vague statements
- Reference real comparable companies (e.g., for Taiwan semiconductor, compare to TSMC peers)
- Output should fit on a single printed page
- Use markdown tables for comparable analysis
- **No buy/sell recommendation** without explicit risk framework

📊 Market Report 🎛 Ticker Dashboard 🏛 Wall Street 📋 Research

💰 銅板股 高波動、題材驅動，短中期操作為主

🧘 纏論

📈 技術

💰 估值

🏛 法人

💴 融資

📊 季報

🧬 ROE

📈 月營收

💵 配息

📰 新聞

💡 觀察

🔬 Deep-dive

🧘 纏論

📈 技術

💰 估值

🏛 法人

💴 融資

📊 季報

🧬 ROE

📈 月營收

💵 配息

📰 新聞

💡 觀察

🔬 Deep-dive

🧘 纏論

📈 技術

💰 估值

🏛 法人

💴 融資

📊 季報

🧬 ROE

📈 月營收

💵 配息

📰 新聞

💡 觀察

🔬 Deep-dive

🧘 纏論

📈 技術

💰 估值

🏛 法人

💴 融資

📊 季報

🧬 ROE

📈 月營收

💵 配息

📰 新聞

💡 觀察

🔬 Deep-dive

🧘 纏論

📈 技術

💰 估值

🏛 法人

💴 融資

📊 季報

🧬 ROE

📈 月營收

💵 配息

📰 新聞

💡 觀察

🔬 Deep-dive

🧘 纏論

📈 技術

💰 估值

🏛 法人

💴 融資

📊 季報

🧬 ROE

📈 月營收

💵 配息

📰 新聞

💡 觀察

🔬 Deep-dive

💵 中價股 主流操作區間，流動性佳

🧘 纏論

📈 技術

💰 估值

🏛 法人

💴 融資

📊 季報

💰 銅板股高波動、題材驅動，短中期操作為主

💵 中價股主流操作區間，流動性佳

💎 中高價基本面與成長性兼具，適合中期持有