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Stock Price Soars 70% in 8 Days! Taiwan Mingban Reports 1914% Year-on-Year Profit Growth in Q1

Stock Price Soars 70% in 8 Days! Taiwan Mingban Reports 1914% Year-on-Year Profit Growth in Q1

According to FTNN News, the Taiwan stock market fell by 344.59 points yesterday, closing at 21,002.71 points, a decline of 1.61% with a trading volume of NT$345.249 billion. However, Taiwan Mingban (6593), a credit card manufacturing company, saw its stock price go against the trend, opening at NT$62.4 after a minor dip of NT$2.3, then turning positive around 10:55 a.m. before hitting the ceiling price at NT$71.1 at noon, with a final trading volume of nearly 7,000 lots worth NT$4.62 billion.

Observing the price of Taiwan Mingban (6593), it has recorded continuous gains for 8 days and achieved 5 circuit breaker increases, resulting in a total increase of NT$29.4, or 70.5%, making it the strongest stock yesterday.

In its self-reported financial statements for the first quarter of 2025, Taiwan Mingban reported a merged revenue of NT$158 million and a pre-tax net profit of NT$7.69 million, marking a staggering year-on-year growth of 1914.92%. The company benefitted from increased demand for card development and manufacturing from domestic financial institutions and successfully tapped into the cold wallet market, assisting top ten global cryptocurrency exchange clients in developing cold wallet cards, thus expanding its market presence.

According to Mega International Commercial Bank's securities data, as of June 2, there were 6 stocks in the listed market that had recorded gains for more than 5 consecutive days, and after further filtering, 4 stocks had a transaction volume of over 1,000 lots yesterday. Based on yesterday's growth percentage, Taiwan Mingban (6593) closed at NT$71.1 after 8 consecutive gains, making it the strongest stock of the day.