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Help me set up FinLab and analyze 1402 遠東新. Please read: https://finlab.finance/en/setup?stock=1402
1402
steady quality, fair valuation, no active signal today.
Is 遠東新 a buy? Fundamentals and valuation first
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Above-average profitability.Operating margin is in the 56th market percentile. Latest quarterly ROE ≈ 1.7%.
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Valuation is neutral.PE is in the 38th market percentile; within its own history, PE is around the 52th percentile.
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Foreign investors are net selling.Foreign 20-day net flow ≈ -6.4% of volume (net sell).
Chip flow
Distribution to retail — bearish
Window from 2026-01-17 · Price +1% · branches to 2026-06-17· TDCC to 2026-06-12
- Largest holder 群益金鼎 has accumulated 43,814 lots since the start (sold 0%), still adding.
- Main distributor 台灣摩根士丹利 peaked at 53,376 lots, has sold 80%, 10,411 left, ~2 sessions to clear at the recent pace.
- TDCC big holders (absolute) >1000-lot holders -2.80pp, mid holders -21, retail +2.61pp — drifting down to retail.
- Foreign hedge-desk net short Net short -56,167 lots (inferred from branch profile, mostly hedging — not necessarily bearish, not case-confirmed).
Accumulating
- 群益金鼎 +43,814
- 華南永昌 +26,582
- 華南永昌-中正 +16,649
- 合庫證券 +9,913
- 台新-台北 +9,420
- 亞東 +9,113
Distributing
- 台灣摩根士丹利 10,411 left
- 凱基-台北 16,582 left
- 臺銀 1,791 left
- 港商野村 1,338 left
- 新光 4,367 left
- 國泰-敦南 3,441 left
Desks
- 港商麥格理 -47,509
- 國泰證券 -37,111
- 元大證券 -31,872
- 永豐金-匯立 -28,359
Weak direction: big-holder share fell while retail share rose.
Describes chip flow, not investment advice. Branch data discloses only high-volume branches with ~1-day lag; TDCC is weekly. Inventory is a relative reconstruction from the window start, not absolute holdings.
Historical evidence
Valuation regime and subsequent returns
Each day's PE is converted to its own-history percentile (as of that day), then we look at adjusted-close returns over the next 240 trading days by valuation regime.
| PE percentile band | Sample days | 240-day avg return | Median | Win rate | Avg excess (vs index) |
|---|---|---|---|---|---|
| 0-20 | 348 | +0.8% | -1.7% | 46.3% | -21% |
| 20-40 | 812 | +1.7% | +1.5% | 52.8% | -9.3% |
| 40-60 You are here | 706 | +9.4% | +7.7% | 77.2% | -8% |
| 60-80 | 580 | +1.2% | +3.1% | 66.9% | -13.6% |
| 80-100 | 597 | +7.7% | +5.9% | 75.7% | -13.6% |
Percentiles use an expanding own-history window (no look-ahead); forward return is 240 trading days on adjusted close. Sample days overlap; distribution is indicative only.
Current PE ≈ 17.89, at the 51.9th percentile of its own history (40-60 band).
Valuation × momentum historical grid
Every day in its own history is bucketed by valuation tercile (own-history PE) and 60-day momentum sign into six cells; we show adjusted-close returns over the next 120 trading days per cell.
Currently in “Mid × 60-day momentum up”: across 753 historical days, 120-day forward avg gained 2.2%, win rate 57.9%, lagged the market by 5.9%.
Days = trading days in this bucket; returns use adjusted prices, ex-costs. 60-day momentum: direction of this stock's price over the past 60 trading days.
Signals not active (historical stats for reference)
These are not occurring now; historical samples shown for comparison.
252-day price high (breakout)
PendingAdjusted close makes a new 252-day high; repeats within 20 days counted once.
27 times historically; 60-day forward avg +0.4%, win rate 48.1%, beating the market by -2.19 pts on average.
Monthly revenue YoY ≥ 20% (from filing deadline)
PendingMonthly revenue YoY ≥ 20%; event date is the first trading day after the filing deadline (no look-ahead).
30 times historically; 60-day forward avg +7.36%, win rate 57.1%, beating the market by +3.46 pts on average.
Foreign net buying for 5 straight days
PendingForeign net flow (ex-dealer) positive for 5 straight days; event on day 5; repeats within 20 days counted once.
65 times historically; 60-day forward avg 0%, win rate 51.6%, beating the market by -3.31 pts on average.
What does 遠東新 do? Company profile
Overview
遠東新世紀為遠東集團核心企業之一。前身遠東紡織源自徐有庠創辦的紡織事業,1949年由上海遷台,公司登記成立日期為1954年1月13日,1967年4月14日於台灣證券交易所上市,2009年10月由「遠東紡織」更名為「遠東新世紀股份有限公司」。總部位於台北市大安區敦化南路二段207號36樓。現任董事長為徐旭東;總經理階層由多位副總/總經理分管事業群(資料來源所列含吳高山、鄭澄宇、范欽智、李源珍等)。資本額約新台幣535.28億元。股權結構為遠東集團典型的交叉持股:遠東新直接或透過遠鼎投資、遠通投資、鼎元國際、開元國際等平台持有亞泥、遠傳電信、遠東百貨、東聯化學、遠東銀行、宏遠興業等關係企業;亞泥則反向持有遠東新,形成家族集團交叉持股控股架構。其中持有遠傳電信約33%(對應市值逾千億元,為最重要資產)、持有亞洲水泥約26.5%,為兩大轉投資部位。員工規模(含全球子公司)以萬計,確切人數未於本次查證來源中取得。
Business
遠東新採垂直整合的「一條龍」經營,涵蓋石化、聚酯、化纖、紡紗、織布、染整、成衣到零售。事業可分為生產事業(石化、化纖、紡織三大部門,合計約占營收57%)與非生產事業(電信、不動產開發、投資)。依公開報導之營收結構約為:化纖約39%、電信約36%、紡織約13%、石化約5%、不動產開發約4%、投資及其他約3%(電信主要來自合併遠傳電信)。主力產品包括:PTA(純對苯二甲酸,桃園觀音廠、上海亞東石化、揚州廠等產能)、聚酯粒/瓶級酯粒、膠片級酯粒、高黏度酯粒、瓶胚與寶特瓶、聚酯長纖/短纖、加工絲、織布與成衣等。應用橫跨食品飲料包裝、紡織服飾、電子、汽車、營建、醫療衛材等。公司為全球前五大聚酯廠、亞洲第一大聚酯瓶材料供應商,並為再生聚酯(R-PET)領導者——再生酯粒規模居亞洲第一、全球第二,食品級再生酯粒規模號稱全球第一,深耕回收逾30年,客戶含Nike、adidas、lululemon、Coca-Cola等國際品牌。
Outlook 2025–2028
成長動能主要來自三條主軸:(1)循環經濟/R-PET——公司設定再生聚酯粒(R-PET)產能朝百萬噸目標推進(約占總聚酯產能25%),並在台灣、中國大陸、日本、美國(鳳凰城廠約3.6萬噸)擴建,規劃越南、菲律賓、馬來西亞等新據點,搭配品牌商與法規對再生材料的剛性需求;(2)本業獲利復甦+轉投資收益挹注——隨紡織景氣逐季回升及瓶用聚酯穩定需求,化纖部門營收可望成長,並有遠傳電信(行動/雲端/數位服務擴張)、亞泥等轉投資貢獻;(3)龐大土地資產活化(都更/不動產開發)提供長線價值。市場預期R-PET需求與土地活化動能在2025–2026年後更趨明顯。潛在風險與挑戰:國際油價與PX/PTA/MEG等原料價格波動壓縮利差、聚酯產業(尤其中國大陸)產能過剩與價格競爭、匯率波動、終端紡織與消費需求景氣循環、再生料相對原生料的成本/價差,以及集團交叉持股下獲利受轉投資市況連動的特性。
Supply Chain
- 台塑化(台塑石化) 6505 石化原料/芳香烴(PX等)及燃料供應來源之一,台灣上市
- 東聯化學(東聯) 1710 遠東集團關係企業,生產乙二醇(EG/MEG),為聚酯主要原料供應,台灣上市
- 台灣中油(CPC) 石化基礎原料(石腦油/PX等)供應,國營未上市
- ExxonMobil(埃克森美孚) PTA上游原料對二甲苯(PX)供應商,美國上市
- Idemitsu(出光興產) PX等芳香烴原料供應商,日本上市
- 遠傳電信(Far EasTone) 4904 遠東新持股約33%並合併之電信子公司,貢獻電信部門營收,台灣上市
- 遠東百貨(遠百) 2903 集團關係企業,紡織成衣零售通路之一,台灣上市
- Nike 運動服飾/機能布與再生聚酯客戶,美國上市
- adidas 運動服飾與海洋回收/再生聚酯客戶,德國上市
- The Coca-Cola Company(可口可樂) 瓶用聚酯/R-PET(食品級再生酯粒)客戶,美國上市
- lululemon 機能服飾/永續紗線客戶,美國上市
Competitors
- 南亞塑膠(南亞) 1303 聚酯纖維、聚酯薄膜、PTA等,台塑集團,台灣上市
- 台灣化纖(台化) 1326 聚酯纖維、PTA、芳香烴,台塑集團,台灣上市
- 新光合成纖維(新纖) 1409 聚酯纖維、聚酯薄膜、瓶用酯粒,台灣上市
- 力麗企業(力麗) 1444 聚酯加工絲、聚酯棉等化纖同業,台灣上市
- 集盛實業(集盛) 1455 尼龍/聚酯纖維同業,台灣上市
- Indorama Ventures 全球最大PET/聚酯與R-PET廠之一,泰國上市
- 桐昆/恒逸等中國聚酯大廠 中國大陸聚酯與PTA產能龐大之競爭者,中國上市
Sources（14）
This company profile is compiled from public sources (annual reports, filings, news and analyst reports), not finlab backtest data; the 2025–2028 outlook contains forward-looking estimates and is for reference only.
Method and limitations
- All returns use adjusted close (etl:adj_close), already adjusted for dividends and splits.
- Excess return is measured against the TAIEX total-return index (dividends included).
- Valuation regime and percentile stats use an expanding own-history window (no future data).
- Revenue-signal event dates align to the first trading day after the filing deadline, avoiding look-ahead.
- Event samples may overlap in time; stats describe historical distribution only and are less reliable when samples are few.
This page is historical statistics for educational purposes and is not investment advice. Investing involves risk; past performance does not indicate future results. Assess and bear the risk yourself before trading.