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6741

91APP*-KY Digital & Cloud As of 2026-06-17 Updated daily after market close

strong quality, discounted valuation.

1 active signal
Revenue ≥20%
This page refreshes daily after the close. Add 91APP*-KY to your watchlist to track signal changes on your next visit.
Valuation 61Quality 86Growth 75Momentum 29Chips 18

Is 91APP*-KY a buy? Fundamentals and valuation first

  • Top-tier profitability.Operating margin beats ~92% of the market. Latest quarterly ROE ≈ 4.2%.

  • Valuation is low.PE is in the 24th market percentile; within its own history, PE is around the 2th percentile.

  • Foreign investors are net selling.Foreign 20-day net flow ≈ -2.9% of volume (net sell).

  • Strong revenue growth.Latest monthly revenue YoY ≈ 31.8%, 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

Bullish +0.72
BearishNeutralBullish

Single-sided accumulation, concentration rising — bullish

  • Single-sided accumulation, concentration rising — bullish
  • 元大-永春 holds 3,700 lots
  • sellers have 266 lots left, ~72 sessions to clear

Window from 2026-01-17 · Price -16% · branches to 2026-06-17· TDCC to 2026-06-12

  • Largest holder 元大-永春 has accumulated 3,700 lots since the start (sold 0%), now trimming.
  • Main distributor 凱基-台南 peaked at 406 lots, has sold 62%, 156 left, paused recently.
  • TDCC big holders (absolute) >1000-lot holders +2.60pp, mid holders -2, retail -0.63pp — concentration shifting upward.
  • Foreign hedge-desk net short Net short -1,182 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
元大-永春富邦-敦南台灣企銀永豐金-新竹聯邦-嘉義群益金鼎-忠孝
Distributing
凱基-台南摩根大通元大-新莊港商野村統一-內湖玉山-新莊
Desks
own scale
國泰證券元大證券凱基-台北康和
Price Accumulating & Distributing share one scale (comparable); Desks is independent. Zero is the baseline
Branch details Unit: lots

Accumulating

  • 元大-永春 +3,700
    sold 0%
  • 富邦-敦南 +248
    sold 4%
  • 台灣企銀 +247
    sold 0%
  • 永豐金-新竹 +217
    sold 4%
  • 聯邦-嘉義 +205
    sold 0%
  • 群益金鼎-忠孝 +193
    sold 0%· still adding

Distributing

  • 凱基-台南 156 left
    sold 62%· paused recently
  • 摩根大通 36 left
    sold 87%· paused recently
  • 元大-新莊 93 left
    sold 61%· ~72 sessions to clear
  • 港商野村 16 left
    sold 90%· paused recently
  • 統一-內湖 60 left
    sold 43%· paused recently
  • 玉山-新莊 35 left
    sold 65%· paused recently

Desks

  • 國泰證券 -1,250
    unclassified
  • 元大證券 -584
    unclassified
  • 凱基-台北 -581
    day-trade · selling pressure
  • 康和 -391
    unclassified
Still selling 266 lots ~72 sessions to bottom at most
Recent buy/sell force +481 absorbed / -130 sold buyers slightly ahead
Hedge-desk net short -601 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)

Direction matches: big-holder share rose while retail share fell.

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 31.81%

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

39 historical occurrences (since 2021-05-25)
Average forward return after Monthly revenue YoY ≥ 20% (from filing deadline)。20-day: Win 55.6%, Sample 18, Median +1.11%, Excess +0.52%, Beat mkt rate 27.8%；60-day: Win 43.8%, Sample 16, Median -2.48%, Excess -9.74%, Beat mkt rate 25%；120-day: Win 30.8%, Sample 13, Median -27.81%, Excess -15.87%, Beat mkt rate 23.1%

120 days after: historical avg -13.32%

20-day +3.97%
60-day -4.14%
120-day -13.32%
20-day
60-day
120-day
Win
55.6%
43.8%
30.8%
Sample
18
16
13
Median
+1.11%
-2.48%
-27.81%
Excess
+0.52%
-9.74%
-15.87%
Beat mkt rate
27.8%
25%
23.1%

Over 13 occurrences, 120-day forward avg declined 13.32%, lagged the market by 15.87 pts; win rate 30.8%.

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 You are here222-14.9% -14.8% 8.6% -56.5%
20-40 20Insufficient data
40-60 0Insufficient data
60-80 0Insufficient data
80-100 0Insufficient data

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 ≈ 14.46, at the 2.3th percentile of its own history (0-20 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
Now
-12.5%
Win rate 1.4% Excess -23%
143d
Insufficient data
(0d)
Insufficient data
(0d)
60-day momentum down
-5.9%
Win rate 26.1% Excess -30.7%
218d
Insufficient data
(0d)
Insufficient data
(0d)

Currently in “Cheap (own-history bottom 1/3) × 60-day momentum up”: across 143 historical days, 120-day forward avg declined 12.5%, win rate 1.4%, lagged the market by 23%.

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.

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.

20 times historically; 60-day forward avg -3.53%, win rate 42.1%, beating the market by -11.17 pts on average.

What does 91APP*-KY do? Company profile

數位雲端業／電子商務 SaaS／零售科技與餐飲科技 證券櫃檯買賣中心上櫃

Overview

91APP, Inc. 為開曼群島註冊、台灣營運之上櫃公司，股票代號 6741，證券名稱 91APP*-KY。公司創立於 2013 年 7 月 8 日，2021 年 5 月 25 日上櫃，為台灣首家掛牌上櫃的原生 SaaS 服務公司。總部與主要營運據點位於臺北市南港區八德路四段 768 巷 5 號 6 樓；官方投資人關係頁列示公司地址同為臺北南港。董事長為何英圻，總經理暨發言人為楊明芳，代理發言人為普美鮮，簽證會計師為勤業眾信聯合會計師事務所曾建銘、王攀發。官方基本資料列示實收資本額約新台幣 6.03 億元，普通股每股面額新台幣 5 元；第三方股市資料亦列示已發行普通股約 120,577,997 股。2025 年年報顯示，2025 年底員工 804 人，2026 年第 1 季員工 780 人，平均年齡約 34.96 歲，平均服務年資約 4.1 年；公司簡介亦稱團隊人數逾 800 人。主要股東依官方股權結構頁 2026-03-31 資料，包括 NineYi Capital Inc. 持股 15.99%、N-Team, Inc. 9.03%、台灣大哥大股份有限公司 6.20%、公司買回股份專戶 4.74%、財團法人 91APP 基金會 3.28%、摩根士丹利國際有限公司投資專戶 2.40%、Nexdoor Inc. 2.36%、華盛國際投資股份有限公司 2.33%、本誠創業投資股份有限公司 1.90%、台新人壽全權委託台新投信股票投資帳戶第二期 1.78%。

Business

91APP 以原生 SaaS 架構提供企業級全通路營運解決方案，主要服務零售與餐飲兩大高頻消費產業，核心產品為 Commerce、Marketing、POS、Payments 四大解決方案，並搭配顧問與代營運服務。Commerce 解決方案協助品牌串聯 APP、Web、門市、會員、訂單、商品與庫存，推動 OMO 與 D2C；Marketing 解決方案結合 MarTech、AdTech、CRM、CDP、DMP、RMN 與廣告代營運，並與電通、奧美、陽獅、OMG 等廣告集團合作；POS 解決方案在零售與餐飲門市處理商品、會員、點餐、出餐、結帳與門市管理，iCHEF 併入後餐飲 POS 與雲端點餐能力成為重要入口；Payments 提供多元金流整合、高峰交易承載、帳務與支付資料管理。商業模式以 SaaS 訂閱、交易相關服務、金流、行銷與代營運／顧問服務為主，客戶可依規模逐步增加模組與使用深度。2025 年合併營收新台幣 18.07 億元，年增約 12%，毛利率約 74%，營業淨利率約 32%，稅後淨利約新台幣 5.1 億元，每股盈餘新台幣 4.40 元；2025 年銷售地區以台灣 95.11%、香港 4.89% 為主。公司 2025 年 11 月宣布以 3,200 萬美元全現金收購台灣雲端餐飲 POS 業者 iCHEF 100% 股權，12 月完成交割，使服務範圍從零售延伸至餐飲。公司年報稱 iCHEF 既有約 1.5 萬家餐飲客戶，並可將 POS、點餐、訂位、支付、會員、票券、點數、CRM、SEO 等整合至餐飲場景。主要客戶類型為中大型實體品牌、連鎖通路、國際品牌、本土品牌、多品牌通路、連鎖餐飲與中小型餐飲業者；公開案例與媒體資料曾提及全聯 PX Go、全家行動購、寶雅 POYA BUY、康是美、MAKE UP FOR EVER 等。

Outlook 2025–2028

2025 年為 91APP 跨入餐飲科技的重要轉折年，已完成 iCHEF 併購，並以 Commerce、Marketing、POS、Payments 四大解決方案整合零售與餐飲場景。2026 年公司營運重點依年報為深化中大型企業客戶、降本增效、金流整合、產品強化、營運效率提升、AI 與洞察分析能力、零售與餐飲交叉應用、跨解決方案交叉銷售；官方新聞亦顯示 2026 年 1 至 5 月多月營收創同期新高，並推出 AI SEO、餐飲開店勝率 AI 分析等新服務。2027 至 2028 年展望屬推估：成長動能主要來自一、台灣實體電商 D2C 與 OMO 滲透率提升；二、餐飲產業數位化、支付數位化與跨店管理需求增加；三、iCHEF 餐飲客戶基礎帶來 POS、Payments、Marketing、CRM 與 AI 交叉銷售；四、Retail Media Network、AI 廣告、AI Agent、AI 報表、推薦／搜尋／分群模型等產品化；五、香港、馬來西亞與在地夥伴合作的海外拓展；六、SaaS 模組化帶來規模經濟。擴產不是傳統廠房擴產，而是雲端系統、AI 產品、金流承載、餐飲 POS 與代營運服務能力擴充。主要風險包括：總體景氣、通膨與利率影響品牌客戶 IT／行銷預算；iCHEF 併購後整合與轉投資績效不如預期；AWS 雲端服務與代理商進貨集中風險；資安、個資與支付卡產業資料安全合規風險；AI 技術快速變化導致研發與產品迭代壓力；低價輕量型 SaaS、系統整合商、電商平台、數位廣告代理與 POS 業者造成部分功能或預算競爭；海外市場在地化與策略合作推進速度不確定。公司年報未公開 2026 以後財務預測，因此 2027 至 2028 的量化營收與獲利不得推定。

Supply Chain

Upstream
  • Amazon Web Services（AWS） 主要雲端基礎設施與資料儲存、運算服務來源；母公司 Amazon 為美國上市公司，非台股掛牌。年報指出營業成本主要來自 AWS 雲端伺服器資料儲存與運算，並存在進貨集中但穩定性佳。
  • Google Cloud Platform（GCP） 多雲政策下的雲端基礎設施備援與服務來源；母公司 Alphabet 為美國上市公司，非台股掛牌。
  • Microsoft Azure 多雲政策下的雲端基礎設施備援與服務來源；母公司 Microsoft 為美國上市公司，非台股掛牌。
  • 電通集團 91APP Marketing／Retail Media 合作夥伴；日本上市廣告集團，非台股掛牌。
  • 鼎新電腦 ERP／CRM 與 OMO 串接合作夥伴；未確認為台股上市櫃公司，因此 stock_id 設為 null。
Downstream
  • 寶雅國際 5904 零售通路客戶／案例；媒體與 91APP 轉載資料提及 POYA BUY、POYA Pay 與 91APP 合作全通路與會員經營。
  • 全家便利商店 5903 零售通路客戶／案例；媒體資料提及全家行動購為 91APP 客戶。
  • 全聯福利中心 大型零售通路客戶／案例；全聯為未上市公司，媒體資料提及 PX Go 與 91APP 相關。
  • 康是美 美妝藥妝通路客戶／案例；康是美本身非台股掛牌，媒體資料提及其數位零售體驗由 91APP 協助。
  • iCHEF 餐飲客戶群 iCHEF 併入後之餐飲下游客戶；年報稱既有約 1.5 萬家餐飲客戶，多為未上市餐飲店家與中小型業者。

Competitors

  • SHOPLINE 未上市；電商開店、OMO、POS 與中小商家 SaaS 服務商，與 91APP 在部分電商建站、會員與全通路功能上競爭。
  • Cyberbiz 未上市；提供電商開店、倉儲物流與全通路工具，與 91APP 在台灣品牌電商 SaaS 部分重疊。
  • WACA 未上市；台灣電商開店平台，主要偏功能輕量型 SaaS，與 91APP 在中小型品牌開店市場部分競爭。
  • Shopify 加拿大／美國上市公司，非台股；全球電商 SaaS 平台，與 91APP 在品牌自營電商工具上構成國際替代方案。
  • Salesforce Commerce Cloud 母公司 Salesforce 為美國上市公司，非台股；企業級商務雲與 CRM 解決方案，於大型品牌數位商務預算中可能競爭。
  • 綠界科技 6763 台股創新板掛牌；主要為第三方支付與金流服務，與 91APP Payments 在金流服務部分存在功能競爭或合作可能。
  • 網路家庭 8044 台股上櫃；集中式電商平台，並非 SaaS 同業，但年報將集中式電商平台列為品牌自營通路的替代性競爭型態。
  • 富邦媒體科技 8454 台股上市；momo 集中式電商平台，並非 SaaS 同業，但與品牌 D2C 自營通路在消費者流量與品牌線上銷售策略上有替代關係。
  • 精誠資訊 6214 台股上櫃；大型資訊服務與系統整合商，與 91APP 在企業客製化系統整合或數位轉型專案預算上可能部分競爭，但定位不同。
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.