Skip to main content
Free trial

Ask AI to review this stock

Copy the prompt to get recent events, historical reactions, and a short research brief.

Tell your AI:

Help me set up FinLab and analyze 2455 全新. Please read: https://finlab.finance/en/setup?stock=2455

No install, open FinLab Studio

2455

全新 Communications & Internet As of 2026-06-17 Updated daily after market close

strong quality, premium valuation.

1 active signal
Revenue ≥20%
This page refreshes daily after the close. Add 全新 to your watchlist to track signal changes on your next visit.
Valuation 13Quality 87Growth 83Momentum 95Chips 55

Is 全新 a buy? Fundamentals and valuation first

  • Top-tier profitability.Operating margin beats ~88% of the market. Latest quarterly ROE ≈ 5.6%.

  • Valuation is high.PE is in the 92th market percentile; within its own history, PE is around the 100th percentile.

  • Foreign investors are net buying.Foreign 20-day net flow ≈ 1.0% of volume (net buy).

  • Strong revenue growth.Latest monthly revenue YoY ≈ 46.5%, above the 20% growth threshold.

  • Signals are active now.On the latest data, signals such as Revenue YoY ≥ 20% are active — see the historical forward returns after each occurrence below.

Chip flow

Bearish -0.34
BearishNeutralBullish

Distribution to retail — bearish

  • Distribution to retail — bearish
  • 新加坡商瑞銀 holds 3,827 lots
  • sellers have 3,565 lots left, ~601 sessions to clear

Window from 2026-01-17 · Price +155% · branches to 2026-06-17· TDCC to 2026-06-12

  • Largest holder 新加坡商瑞銀 has accumulated 3,827 lots since the start (sold 12%), still adding.
  • Main distributor 美林 peaked at 3,173 lots, has sold 50%, 1,584 left, paused recently.
  • TDCC big holders (absolute) >1000-lot holders -11.80pp, mid holders -3, retail +11.17pp — drifting down to retail.
  • Foreign hedge-desk net short Net short -1,991 lots (inferred from branch profile, mostly hedging — not necessarily bearish, not case-confirmed).
Branch inventory reconstruction
Accumulating holders Branches that accumulated shares during the window and still hold positive inventory; they are the absorbing side.
Distributing sellers Branches that built inventory earlier and have been selling it down; the remaining number estimates what has not cleared.
Net-short desks Trading-desk branches with negative inventory or net selling, often hedge, offsetting, or short-term flow. It is not automatically a bearish view.
Accumulating
新加坡商瑞銀美商高盛台灣摩根士丹利元大-館前永豐金-匯立元大-竹科
Distributing
美林花旗環球元大-土城永寧凱基-台北台中銀-豐原國票-安和
Desks
own scale
國泰證券元富凱基富邦證券
Price Accumulating & Distributing share one scale (comparable); Desks is independent. Zero is the baseline
Branch details Unit: lots

Accumulating

  • 新加坡商瑞銀 +3,827
    sold 12%· still adding
  • 美商高盛 +3,538
    sold 0%· still adding
  • 台灣摩根士丹利 +2,696
    sold 20%· still adding
  • 元大-館前 +2,249
    sold 2%
  • 永豐金-匯立 +1,883
    sold 0%· still adding
  • 元大-竹科 +1,421
    sold 23%

Distributing

  • 美林 1,584 left
    sold 50%· paused recently
  • 花旗環球 2,102 left
    sold 34%· ~601 sessions to clear
  • 元大-土城永寧 780 left
    sold 74%· paused recently
  • 凱基-台北 1,353 left
    sold 30%· paused recently
  • 台中銀-豐原 342 left
    sold 54%· ~80 sessions to clear
  • 國票-安和 229 left
    sold 64%· paused recently

Desks

  • 國泰證券 -6,623
    unclassified
  • 元富 -6,170
    unclassified
  • 凱基 -2,978
    unclassified
  • 富邦證券 -2,866
    unclassified
Still selling 3,565 lots ~601 sessions to bottom at most
Recent buy/sell force +6,090 absorbed / -1,323 sold buyers slightly ahead
Hedge-desk net short -1,984 lots potential cover-buying, not selling pressure
TDCC big holders · absolute-holding cross-check
>1000-lot holder share Retail (<400 lots) share Price (right axis)

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

Signals active now

These signals are true on the latest data, with this stock's own historical forward-return stats after each occurrence.

Monthly revenue YoY ≥ 20% (from filing deadline)

Active · now 46.51%

Monthly revenue YoY ≥ 20%; event date is the first trading day after the filing deadline (no look-ahead).

106 historical occurrences (since 2007-04-23)
Average forward return after Monthly revenue YoY ≥ 20% (from filing deadline)。20-day: Win 50%, Sample 90, Median +0.23%, Excess -0.37%, Beat mkt rate 44.4%；60-day: Win 48.3%, Sample 89, Median -1.29%, Excess +2.27%, Beat mkt rate 40.4%；120-day: Win 44.8%, Sample 87, Median -4.52%, Excess +0.31%, Beat mkt rate 40.2%

120 days after: historical avg +5.7%

20-day +0.5%
60-day +5.19%
120-day +5.7%
20-day
60-day
120-day
Win
50%
48.3%
44.8%
Sample
90
89
87
Median
+0.23%
-1.29%
-4.52%
Excess
-0.37%
+2.27%
+0.31%
Beat mkt rate
44.4%
40.4%
40.2%

Over 87 occurrences, 120-day forward avg gained 5.7%, beat the market by 0.31 pts; win rate 44.8%.

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 bandSample days240-day avg returnMedianWin rateAvg excess (vs index)
0-20 454+37.1% +14.5% 78% +21.2%
20-40 375+38.1% +22% 74.4% +25.9%
40-60 363+47.2% +30.3% 69.1% +29.9%
60-80 771+36.4% +35.3% 69.5% +14.8%
80-100 You are here1073+4.1% -0.5% 49.1% -10.3%

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 ≈ 135.02, at the 100.0th percentile of its own history (80-100 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.

Valuation
Momentum
Cheap (own-history bottom 1/3)
Mid
Expensive (own-history top 1/3)
60-day momentum up
+17.2%
Win rate 80% Excess +10.3%
210d
+7%
Win rate 50.3% Excess +3.6%
348d
Now
+14.3%
Win rate 63.4% Excess +5.3%
1267d
60-day momentum down
+16.7%
Win rate 70.9% Excess +10.5%
502d
+14.1%
Win rate 58.9% Excess +1.9%
263d
+12.7%
Win rate 59.9% Excess +1.6%
566d

Currently in “Expensive (own-history top 1/3) × 60-day momentum up”: across 1267 historical days, 120-day forward avg gained 14.3%, win rate 63.4%, beat the market by 5.3%.

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.

Does this signal hold up across the market

Over the past 242 months, on average ~404 stocks per month met “monthly revenue YoY ≥ 20%”; their adjusted-close return over the next 60 trading days averaged 6.94% (equal-weighted), beating the market by 2.37 points on average, and outperformed the TAIEX total-return index in 64.5% of months.

Each month, equal-weighted 60-day forward adjusted return of all signal-matching stocks, then averaged across months; excess vs the TAIEX total-return index.

Signals not active (historical stats for reference)

These are not occurring now; historical samples shown for comparison.

252-day price high (breakout)

Pending

Adjusted close makes a new 252-day high; repeats within 20 days counted once.

30 times historically; 60-day forward avg +14.15%, win rate 58.6%, beating the market by +9.21 pts on average.

Foreign net buying for 5 straight days

Pending

Foreign net flow (ex-dealer) positive for 5 straight days; event on day 5; repeats within 20 days counted once.

54 times historically; 60-day forward avg +7.69%, win rate 60.8%, beating the market by +2.48 pts on average.

What does 全新 do? Company profile

通信網路業；三五族化合物半導體磊晶片 上市（臺灣證券交易所）

Overview

2455 對應證券為全新光電科技股份有限公司普通股，股票簡稱「全新」，於臺灣證券交易所上市。公司成立於 1996/11/26，上市日期為 2002/01/24，總部與主要廠房位於桃園市平鎮區工業一路16號。英文全名為 Visual Photonics Epitaxy Co., Ltd.，英文簡稱 VPEC。實收資本額約新台幣 18.49 億元，已發行普通股約 184,905,918 股。依 2026 年 5 月股東會後資料，董事長為宸茂投資股份有限公司代表人陳建良，總經理為黃朝興；黃朝興自 1998 年加入全新，並於 2004 年起擔任總經理。員工規模依 104 人力銀行資料約 303 人，Goodinfo 揭露 2024 年非主管職員工人數為 281 人，兩者統計口徑不同。主要股東與持股資訊方面，公開報導引用 2024 年度主要股東資訊指出，新制勞工退休基金持股 10,292 張、約 5.57%，德商德意志銀行台北分行受託保管景順 EQV 新興市場全資本基金投資專戶持股 3,458 張、約 1.87%；2026 年 5 月董監持股資料另顯示潤泰投資股份有限公司持有 3,474 張、約 1.88%，黃朝興持有 1,406 張、約 0.76%，宸茂投資股份有限公司持有 13 張。

Business

全新以 MOCVD（金屬有機化學氣相沉積）為核心技術，專業生產三五族化合物半導體磊晶片，產品分為微電子與光電子兩大類。微電子產品包含 GaAs HBT、GaAs PHEMT、BiHEMT、InP HBT、GaN 等磊晶片，主要用於手機與無線通訊 RF 前端、功率放大器 PA、交換器、基地台、Wi-Fi、IoT、車用通訊與部分高頻高功率應用。光電子產品包含 GaAs PD、InGaAs PD、APD、LD、VCSEL 等磊晶片，應用於光纖通訊、資料中心、光收發器、光偵測、消費性與感測應用。公司商業模式為上游磊晶片供應商與客製化磊晶代工，依客戶指定結構、材料、摻雜濃度、均勻性與電性規格進行量產，供應下游客戶再製作晶片、PA、光收發器或模組。MoneyDJ 資料指出 2024 年銷售區域比重為台灣 30%、美國 42%、其他 28%；2024 年營收約新台幣 32.41 億元，年增 20.31%，2025 年全年營收約新台幣 33.80 億元，年增約 4.28%，2026 年 1-5 月累計營收約新台幣 15.99 億元，年增約 28.52%。產品結構方面，第三方研究資料顯示過去以微電子為主，2023 年 11 月微電子約 79%、光電子約 21%；2026 年初公開報導指出光電子營收占比已接近 3 成，並成為營運結構改善主軸。主要客戶公開資料多為法人與媒體揭露，包含台灣 GaAs 代工廠穩懋、宏捷科，以及美系 RF/IDM/IC 設計大廠 Skyworks、Qorvo、Broadcom/Avago、Qualcomm 等；公司正式年報通常不逐一揭露客戶名稱。

Outlook 2025–2028

2025-2028 年核心展望在於微電子復甦與光電子高成長雙軸。微電子方面，5G/5G Advanced、Wi-Fi 7、物聯網、車用通訊與高頻高功率應用可支撐 GaAs HBT、PHEMT、BiHEMT 與 GaN 磊晶需求；但手機 PA 與 RF 前端仍受終端手機出貨循環、Android/Apple 供應鏈拉貨、客戶庫存與價格競爭影響。光電子方面，AI 資料中心高速互連推動 400G、800G、1.6T 光模組與矽光子/CPO 相關雷射、光偵測元件需求，InP、PD、LD、VCSEL 等磊晶產品占比提升，若客戶認證與基板供應順利，光電子有機會成為 2026-2028 年主要成長來源。公開報導指出 2026 年第一季全新合併營收約 9.59 億元、年增 20.87%，毛利率約 38.09%，EPS 1.06 元；2026 年 1-5 月累計營收年增約 28.52%，顯示需求強於 2025。產能與技術面，市場資料指出公司具備約 62 台 MOCVD 生產機台，持續以客製化磊晶、光通訊產品、InP 供應鏈與高階 RF 應用作為投資重點。主要風險包括：InP 基板供應受德系、日系與中系供應來源審核或出口限制影響，可能限制資料中心出貨；AI 光通訊需求若因雲端資本支出放緩、光模組規格轉換或客戶認證延後而不如預期，營收與毛利率可能承壓；微電子業務仍有手機與 RF 週期性、Skyworks/Qorvo/Broadcom 等客戶策略調整、同業價格競爭與匯率波動風險。2027-2028 年若 1.6T、CPO、矽光子外部雷射源與高階資料中心需求持續放大，全新可受惠於光電子產品組合升級；但此為根據產業趨勢與公開法人/媒體資料推估，非公司正式財測。

Supply Chain

Upstream
  • Freiberger Compound Materials 德國 InP 基板供應商；公開報導指出全新 InP 基板來源包含德系供應商，Freiberger 為常見德系化合物半導體基板廠，非台股掛牌。
  • 住友化學（Sumitomo Chemical） 日本化學與化合物半導體材料相關供應商，亦被列為全新產品競爭或供應鏈相關廠商；日本上市，非台股掛牌。
  • AIXTRON MOCVD 設備國際供應商；全新以 MOCVD 為核心製程，設備供應商屬上游資本設備環節，德國上市，非台股掛牌。
  • Veeco Instruments MOCVD/磊晶設備國際供應商；美國上市，非台股掛牌。
  • 特氣、有機金屬與 GaAs/InP 等基板供應商 MoneyDJ 指出全新重要原物料包含基板、特氣及有機金屬；個別供應商多未由公司完整揭露。
Downstream
  • 穩懋半導體 3105 台股上櫃 GaAs 代工廠；法人資料列為全新微電子/GaAs 磊晶客戶之一，下游製作 PA 與 RF 元件。
  • 宏捷科 8086 台股上櫃 GaAs 代工廠；法人資料列為全新客戶之一，下游應用於 RF/PA 元件。
  • Skyworks Solutions 美國上市 RF 前端大廠；第三方法人資料列為全新主要國際客戶之一，非台股掛牌。
  • Qorvo 美國上市 RF 前端大廠；第三方法人資料列為全新主要國際客戶之一，非台股掛牌。
  • Broadcom / Avago 美國上市半導體大廠；第三方法人資料列為全新國際客戶之一，非台股掛牌。
  • Qualcomm 美國上市行動通訊與 RF 相關 IC 設計大廠；第三方投顧資料稱全新曾切入其 RF 供應鏈，非台股掛牌。
  • AI 資料中心、光收發器與光通訊模組客戶 光電子產品下游應用於 400G/800G/1.6T 光模組、資料中心與光纖通訊；具體客戶多未由公司逐名揭露。

Competitors

  • IQE plc 英國化合物半導體磊晶廠，MoneyDJ 與法人資料列為全新 HBT 與光電子產品主要競爭者；英國上市，非台股掛牌。
  • 聯亞光電 3081 台股上櫃光通訊磊晶/元件廠，MoneyDJ 列為全新光電子產品競爭者之一。
  • IET-KY 英特磊 4971 台股上櫃三五族化合物半導體磊晶廠，法人資料列為全新競爭對手之一。
  • 住友化學（Sumitomo Chemical） 日本化學與化合物半導體材料廠，法人資料列為相關競爭者；日本上市，非台股掛牌。
  • Hitachi Cable / Proterial MoneyDJ 資料列為 HBT 磊晶片競爭者之一；屬日本系材料/線纜與高機能材料相關企業，非台股掛牌。
Sources（21）

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.