K.K. Corp. Surges on Transformation Plans, Hydrogen Production Line Set for 2028

K.K. Corp. (1312), a plastics company, is making significant strides in its business transformation, evidenced by its stock price surge. After two consecutive days of hitting the upper price limit, the stock continued its upward momentum, trading at 15.2 TWD with a 4.47% increase and a trading volume of nearly 75,000 shares by 9:41 AM.

The company is capitalizing on the global hydrogen energy trend and the expansion of Taiwan's semiconductor and AI sectors. It also aims to leverage the growing demand for "electronic-grade high-purity hydrogen," crucial for processes like surface cleaning and high-purity material manufacturing. K.K. Corp. announced at its recent shareholder meeting its strategic shift and a capital increase of 5 billion TWD to build a new "low-carbon high-purity hydrogen" production line, slated for operation in the first half of 2028.

Despite the positive market reaction, institutional investors' recent trading activity shows mixed signals. Foreign investors sold 2,420 shares, and proprietary traders sold 154 shares, while major players bought 2,651 shares. Analysts from institutions like Taishin Songde and Fubon Taipei have noted the rapid price increase, with the stock jumping from around 10 TWD in late May to over 15 TWD. They advise caution for investors considering chasing the current high prices, citing the steep short-term gains.