Spotlight Stock: Ba-Yong Resumes Trading with Positive Momentum as Strong Semiconductor Demand Drives Morning Gap-Up to Limit Up

Ba-Yong (2483-TW) concluded its trading suspension and resumed regular trading today (5th). The stock opened at the limit-up price of NT$43.35 and saw heavy trading volume of approximately 3,500 lots during the session. Strong order inflows and active shipments from semiconductor clients boosted July revenue to NT$201 million, surpassing June’s NT$198 million and marking a 50-month high in monthly sales.

Ba-Yong’s revenue for July 2026 reached NT$201 million, representing a 1.75% month-on-month increase and a 37.19% year-on-year growth. Cumulative revenue from January to July 2026 totaled NT$1.247 billion, up 20.24% year-on-year. In July’s revenue mix, demand from semiconductor application clients remained strong. Additionally, price adjustments reflecting rising copper prices further lifted revenue in this business segment.

Ba-Yong’s Q2 2026 revenue reached NT$566 million, a record high for the same period, with a 17.62% quarter-on-quarter increase and a 20.42% year-on-year growth. Both gross margin and operating profit margin improved in Q2. Combined with favorable non-operating income and exchange rate effects, the company expects its first-half net profit to exceed NT$43.62 million, translating to an EPS of NT$0.41. The official financial results will be announced on August 7.

In Q1 2026, revenue was NT$481 million with a gross margin of 13.23%, up 4.33 percentage points quarter-on-quarter and 4.84 percentage points year-on-year. Net profit after tax for Q1 was NT$16.04 million, turning profitable compared to both the previous quarter and the same period last year, with an EPS of NT$0.15. The self-reported Q2 figures indicate that Ba-Yong maintained profitability in the second quarter of 2026, with both core and non-core operations performing well, and quarterly revenue and profits exceeding Q1 levels.

Notably, Q2 2026 revenue of NT$566 million set a new high for the period, with semiconductor applications accounting for 50.4% of total revenue, driving upward trends in gross margin and operating net margin for the quarter.

With semiconductor clients maintaining high demand and placing follow-up orders, the company has decided to further expand this business segment. The board approved the acquisition of a factory building and land on Gongyi 1st Road in Taichung Industrial Park for NT$323 million. This is the second major production-related commercial real estate acquisition in the industrial park this year, following Largan (3008-TW). The acquired site spans 702 ping, and the company plans additional investments in equipment and facility upgrades to accommodate heavy-duty stamping machines, enabling the development and production of high-power heat sinks.