Tenryu Stock Surges 8% on Advanced Packaging Hopes; Q2 Profit Soars

Taiwanese semiconductor equipment and component manufacturer Tenryu (6937) experienced a significant boost in its stock price on August 11, climbing as much as 8.3% to NT$293 in intraday trading. The surge was fueled by positive sentiment surrounding the advanced packaging sector, with the stock trading at NT$292, up 7.95%, by late morning on a volume of 854 shares.

The company's financial performance has shown strong improvement. In the second quarter, Tenryu reported a net profit after tax of NT$106 million. This represents a substantial 63.8% increase from the previous quarter and a remarkable 4.56-fold increase compared to the same period last year. Earnings per share (EPS) after tax stood at NT$1.58, marking the highest profit level in the past six quarters. For the first half of the year, the net profit reached NT$171 million, a 151% year-on-year increase, with an EPS of NT$2.54.

Tenryu has achieved a key milestone by completing the delivery of its 310x310mm panel-level packaging equipment. This development signifies the company's entry into a volume production ramp-up phase, indicating increased demand and operational capacity. The company's progress in advanced packaging technology positions it favorably within the competitive semiconductor industry.

From a market perspective, institutional investors showed strong interest. Foreign investors purchased 316 shares on the previous day, while proprietary traders added 41 shares. In total, major institutional investors bought 357 shares, reflecting confidence in Tenryu's growth prospects.