Wanshih Stock Surges on Ex-Dividend Date, Quickly Covers Payout Amid Strong AI Demand

Wanshih Co. (6223), a key player in the semiconductor testing interface sector, experienced a significant surge in its stock price on July 9, marking its ex-dividend trading day. The company's shares opened with a jump of 8.7%, reaching NT$7,000 and rapidly covering its NT$22 cash dividend per share. Shortly after, the stock hit the daily upper limit, trading at NT$7,080 and reclaiming both its five-day and monthly moving averages. As of 10:53 AM, the buy order at the upper limit stood at approximately 135,000 shares.

This strong market performance follows the company's recently announced financial results. In June, Wanshih reported consolidated revenue of NT$1.833 billion, a slight month-on-month decrease of 3.9% but a substantial year-on-year increase of 65.07%. This figure represents the second-highest monthly revenue in the company's history, trailing only May's NT$1.907 billion. For the second quarter, consolidated revenue reached NT$5.226 billion, up 32.88% quarter-on-quarter and 58.7% year-on-year, setting a new quarterly record. The cumulative revenue for the first half of the year was NT$9.159 billion, a 49.63% increase from the same period last year, making it the best first half on record.

The robust revenue figures are attributed to sustained strong demand from clients for testing related to AI and high-performance computing chips. Wanshih Chairman Ko Chang-lin previously indicated at the shareholders' meeting that the demand for AI applications continues to be strong, with customer pull orders being more aggressive than at the beginning of the year. He projected that the company's performance would improve quarter by quarter, with an overall revenue growth expected to be in the double digits for the full year.

The company's ability to quickly cover its dividend payout on the ex-dividend date, coupled with its strong revenue growth and positive outlook, highlights its solid position in the semiconductor supply chain. The sustained demand for advanced chip testing services, driven by the burgeoning AI sector, provides a strong foundation for Wanshih's continued expansion and financial success.

“

AI demand continues to be strong, and customer pull is more aggressive than at the beginning of the year. This year's operations will improve quarter by quarter, with full-year revenue expected to grow by double digits.