Shengtai Hits 9th Limit Up, Investors Complain of Rapid Short Selling

Today (April 25), Taiwan's weighted index started high and fluctuated. At one point, it regained the 20,000-point mark at 20,012.27 before converging; by the midday stage, it showed a gain of 2.20%, staying around 19,905 points. The veteran security firm Shengtai (8072) has gradually transformed into the electronic channel sector in recent years, with its semiconductor agency business accounting for 80% of revenue last year. For Q1 2025, it reported a pre-tax profit of 31 million TWD, an 11.9% year-over-year decline, with earnings per share at 0.38 TWD.
Since April, Shengtai has recorded 8 limit-ups, making it a topic of strong interest. Today, it opened high and briefly dropped to the minimum price of 46.1 TWD before surging back and hitting the limit up at 49.3 TWD, marking the 9th limit-up of the month. The trading volume reached 36,000 shares, ranking 5th among listed companies with a transaction value exceeding 1.7 billion TWD.
Despite an initial downward move in early trading, the increasing trading volume helped stabilize the stock price, prompting investors to exclaim, "Was the short-selling too quick?" and "A lot of mayflies have been wiped out," as well as comments about early short-selling leading many to exit positions. Analyst Lin Weiting from Asia Securities Investment Consulting noted that Shengtai's price has remained above the monthly line this April, entering a posture of high consolidation. Although today’s situation involved a jump and lock on the limit up due to a price drop with increased volume, caution regarding replenishment risks remains necessary. According to Yahoo! Finance, by 11:30 AM, the top five trading volumes among listed companies are Nanya Tech (2408), Kai Fund (2883), Bao Yi (8222), Hsun Chiu (6140), and Shengtai (8072).