ASRock (3515) EPS forecast at 17.4 NT! Fundamentals and technicals both strong, institutional investors and ETFs jointly driving up the stock price

ASRock (3515) showed a remarkable performance during today’s trading session, with the stock price once climbing near 289 NT dollars, approaching a 10% increase, making it a key focus among computer peripheral stocks. This upward trend is not a fleeting phenomenon but is based on the company’s confirmed earnings growth and multiple market capital inflows.

Strong Earnings Growth Momentum, Operational Acceleration Expected in the Second Half

ASRock performed well in the first half of this year, with a net profit after tax of 410 million NT dollars in the second quarter, a 54% increase compared to the same period last year. The accumulated EPS for the first half reached 6.8 NT dollars, a 47% year-over-year increase. According to estimates from institutional analysts, the company’s full-year EPS is expected to reach 17.4 NT dollars, showing clear signs of acceleration compared to the first half, reflecting market consensus that operational momentum in the second half will be better than in the first half.

ASRock stated that demand for the flagship AI server product B200 remains strong. Although some large orders may be delayed to the third and fourth quarters for delivery, this actually demonstrates the authenticity and durability of market demand. The company is gradually transitioning to the production planning of the new B300 series, and it is expected that gross margin in the fourth quarter will significantly rebound, further enhancing the company’s profitability quality.

Technical Turning Point Evident, Bullish Chip Flow Continues

From a candlestick perspective, ASRock’s stock price has successfully broken through the weekly resistance level. The monthly KD indicator shows a standard upward divergence, and the daily KD is rebounding from low levels, indicating a clear technical reversal signal in the short term.

The chip flow is even more robust, with institutional investors continuously buying in recent days. The three major institutional investors bought a total of 92 lots yesterday, indicating that the main capital has shifted from a bearish to a bullish stance. The gap-up opening and limit-up movement fully confirm the market’s optimism about ASRock’s fundamentals. The expansion of trading volume will be a key factor in whether the stock can continue to advance.

ETF Effect Boosts Market Sentiment, Follow-up Buying Momentum Initiated

In addition to fundamental and chip flow support, passive investment capital inflows have also become a catalyst for driving the stock price higher. “Uni-President Taiwan Growth (00981A)” recently adjusted its holdings, including ASRock as a constituent stock with a 0.24% weighting. This move quickly triggered follow-up buying in the market, with algorithm trading and short-term funds pouring in, further strengthening the upward momentum of ASRock (3515).

Overall, ASRock faces a confluence of multiple favorable factors: strong earnings certainty, technical strength, continuous chip buying, and ETF capital inflows. If trading volume can be maintained and institutional buying enthusiasm persists, there is still room for the stock price to move higher.