Taishin Shin Kong Financial Breaks NT$40 Barrier, Hits Record High as Online Fans Look Toward NT$50

Taishin Shin Kong Financial pushed through the NT$40 mark on Sept. 1, reaching NT$40.3 and setting a new historical high as buying gathered momentum during the session.

The stock opened NT$0.35 higher at NT$38.9. Its rise quickly became a talking point among investors and online users, who celebrated the crossing of what they described as a historic threshold. Some comments looked ahead to NT$50, reflecting the stronger bullish mood around the company.

The company reported after-tax profit of NT$52.78 billion for the first seven months, an increase of 281% from a year earlier. Earnings per share stood at NT$2.04, also continuing to set new highs.

Its subsidiaries posted strong results as well. Taishin Bank recorded after-tax profit of NT$14.91 billion, up 29%, while Shin Kong Bank earned NT$6.07 billion, up 159%. Both reached their highest levels for the same period in their respective histories. Shin Kong Life Insurance contributed NT$28.27 billion in after-tax profit and has become an important earnings driver for the group following the merger.

The management team was scheduled to hold an investor briefing at 2 p.m., with the market focused on its explanation of the full-year operating outlook.