Hot stock FIC Global surges to record high before profit-taking hits

FIC Global surged to a record high in early trading, then quickly encountered profit-taking. The fiberglass fabric maker’s shares reached NT$139.50 before retreating. At about 9:22 a.m., they were up 0.76% at NT$132, with more than 35,000 lots traded and an intraday swing of 6.49%.

Investors have been encouraged by rising prices for high-end fiberglass fabric and stronger revenue. Foreign investors have also expressed optimism as product specifications improve and industry capacity remains constrained. FIC Global’s advanced Low LDK2 fiberglass fabric, a high-frequency, high-speed, low-loss material, is contributing an increasing share of revenue.

The company said it will gradually shift its China factories toward Low DK products from next year. Low LDK2 fiberglass fabric sells for 2.5 times the price of Low LDK1, a difference that could lift both revenue and profits as the product mix changes.

FIC Global reported July consolidated revenue of NT$854 million, a 68.11% increase from a year earlier and a new historical high. Demand for high-end electronic-grade fiberglass fabric remains strong as AI servers, high-speed switches and networking equipment rated at 800G and above move toward more advanced specifications.

The company expects next-generation Low DK2 shipments to keep rising. It is targeting advanced-process products at 70% of capacity this year and continues to expand Low DK1 and Low DK2 production. FIC Global said the benefits should appear progressively in quarterly revenue and earnings.