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1449

佳和 Textiles As of 2026-06-17 Updated daily after market close

quality needs a look, premium valuation.

1 active signal
Revenue ≥20%
This page refreshes daily after the close. Add 佳和 to your watchlist to track signal changes on your next visit.
Valuation 37Quality 16Growth 92Momentum 57Chips 57

Is 佳和 a buy? Fundamentals and valuation first

  • Weak profitability.Operating margin is in the 16th market percentile. Latest quarterly ROE ≈ -0.9%.

  • Valuation is high.PE is in the 92th market percentile; within its own history, PE is around the 93th percentile.

  • Foreign investors are net buying.Foreign 20-day net flow ≈ 1.2% of volume (net buy).

  • Strong revenue growth.Latest monthly revenue YoY ≈ 98.7%, 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 -0.39
BearishNeutralBullish

Distribution to retail — bearish

  • Distribution to retail — bearish
  • 國泰-敦南 holds 1,308 lots
  • sellers have 990 lots left, ~520 sessions to clear

Window from 2026-01-17 · Price +14% · branches to 2026-06-17· TDCC to 2026-06-12

  • Largest holder 國泰-敦南 has accumulated 1,308 lots since the start (sold 1%), still adding.
  • Main distributor 凱基-台北 peaked at 1,172 lots, has sold 56%, 517 left, paused recently.
  • TDCC big holders (absolute) >1000-lot holders -0.35pp, mid holders -10, retail +4.75pp — drifting down to retail.
  • Foreign hedge-desk net short Net short -878 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
國泰-敦南元富-大昌台新-高雄陽信-石牌永豐金證券國票證券
Distributing
凱基-台北新加坡商瑞銀盈溢-楠梓港商野村富邦-南京台新-板橋
Desks
own scale
國票-台南台新-台南第一金-台中群益金鼎-南京
Price Accumulating & Distributing share one scale (comparable); Desks is independent. Zero is the baseline
Branch details Unit: lots

Accumulating

  • 國泰-敦南 +1,308
    sold 1%· still adding
  • 元富-大昌 +704
    sold 0%
  • 台新-高雄 +281
    sold 0%· still adding
  • 陽信-石牌 +225
    sold 0%· still adding
  • 永豐金證券 +222
    sold 0%· still adding
  • 國票證券 +202
    sold 9%

Distributing

  • 凱基-台北 517 left
    sold 56%· paused recently
  • 新加坡商瑞銀 357 left
    sold 50%· paused recently
  • 盈溢-楠梓 130 left
    sold 80%· ~3 sessions to clear
  • 港商野村 95 left
    sold 80%· ~475 sessions to clear
  • 富邦-南京 51 left
    sold 83%· paused recently
  • 台新-板橋 89 left
    sold 69%· ~6 sessions to clear

Desks

  • 國票-台南 -1,119
    unclassified
  • 台新-台南 -812
    unclassified
  • 第一金-台中 -799
    unclassified
  • 群益金鼎-南京 -650
    unclassified
Still selling 990 lots ~520 sessions to bottom at most
Recent buy/sell force +1,909 absorbed / -1,020 sold buyers slightly ahead
Hedge-desk net short -743 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 98.71%

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

53 historical occurrences (since 2007-04-23)
Average forward return after Monthly revenue YoY ≥ 20% (from filing deadline)。20-day: Win 43.1%, Sample 51, Median -2.57%, Excess -2.41%, Beat mkt rate 45.1%；60-day: Win 34.7%, Sample 49, Median -6.83%, Excess -8.26%, Beat mkt rate 28.6%；120-day: Win 25.5%, Sample 47, Median -11.43%, Excess -17.67%, Beat mkt rate 19.1%

120 days after: historical avg -9.15%

20-day -0.92%
60-day -2.95%
120-day -9.15%
20-day
60-day
120-day
Win
43.1%
34.7%
25.5%
Sample
51
49
47
Median
-2.57%
-6.83%
-11.43%
Excess
-2.41%
-8.26%
-17.67%
Beat mkt rate
45.1%
28.6%
19.1%

Over 47 occurrences, 120-day forward avg declined 9.15%, lagged the market by 17.67 pts; win rate 25.5%.

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 0Insufficient data
20-40 1Insufficient data
40-60 84-15.8% -28.8% 33.3% -39.5%
60-80 195-23.4% -25.9% 13.3% -47%
80-100 You are here128+7.4% +7% 66.4% -28.9%

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 ≈ 125.0, at the 92.8th 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
Insufficient data
(0d)
+6.7%
Win rate 57.4% Excess +2.3%
68d
Now
-13.7%
Win rate 30.2% Excess -27.5%
179d
60-day momentum down
Insufficient data
(0d)
+6.7%
Win rate 50.4% Excess -16%
119d
-2.5%
Win rate 35.2% Excess -21.8%
162d

Currently in “Expensive (own-history top 1/3) × 60-day momentum up”: across 179 historical days, 120-day forward avg declined 13.7%, win rate 30.2%, lagged the market by 27.5%.

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.

16 times historically; 60-day forward avg +0.14%, win rate 31.2%, beating the market by -4.63 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.

31 times historically; 60-day forward avg -3.1%, win rate 24.1%, beating the market by -8.62 pts on average.

What does 佳和 do? Company profile

紡織纖維；織布、機能布、車用與產業用布，並兼營營建與不動產相關業務 上市（臺灣證券交易所）

Overview

1449 對應證券為佳和實業股份有限公司普通股，市場別為上市。公司成立於 1972/12/12，上市日期為 1992/05/06，總部／登記地址為台南市新市區三舍里復興路 533 號，主要生產基地與營運據點在台南新市、官田一帶。董事長為翁偉翔，公開資料多數顯示總經理亦為翁偉翔；部分舊資料曾列不同總經理，故以 2026 年可查基本資料為準。實收資本額約新台幣 12.71 億元，已發行普通股約 127,114,572 股。員工規模依不同人力銀行與公開資料約 780 至 900 人，104 人力銀行列 790 人，Google Finance 列 903 人，故此項採區間描述。主要股東方面，公開籌碼資料顯示董監與內部人持股約 9% 至 10%；較早董監持股資料可見柏昌投資、和鼎國際貿易等法人董事，惟最新完整前十大股東名冊未能在公開網頁逐筆確認，因此不列精確排名。公司直接與關係人合計控制猛揮營造過半，2025 年 11 月起因取得董事會過半席次納入合併報表，2026 年將有完整年度合併貢獻。

Business

佳和是台灣老牌紡織與織布廠，具毛紡、棉紡、染紗、織布、染整、塗佈與特殊後加工等梭織一貫化能力，主要產品包括先染織物、長纖織物、機能性布料、環保再生與天然纖維布料、車用內裝布、家飾布、戶外休閒與運動服飾用布、機能性羊毛與部分產業用布。依 2025 年營收比重資料，長纖織物約 43.68%、先染織物約 29.31%、建造合同約 14.18%、房地銷售約 6.02%、毛紗約 4.61%、棉紗約 1.59%、投資性不動產租金約 0.40%、其他約 0.21%；若以較粗分類，成品布仍為核心收入來源，營建與不動產因猛揮營造及房地銷售貢獻而提高比重。商業模式以接單設計、客製化開發、織造染整後加工與品牌／車廠供應鏈認證為主，從傳統成衣與家飾布逐步轉向高毛利的車用、戶外機能、環保材料、航太與高分子複合材料。已公開提及的終端或品牌／客戶包括 Tesla、Range Rover、Jaguar、Infiniti、Timberland、Emporio Armani、Under Armour、H&M、Adidas 等，其中多數為國際品牌或車廠，實際採購關係可能經 Tier 1、Tier 2 供應鏈進行。

Outlook 2025–2028

2025 至 2028 年展望重點在高值化轉型與合併營收擴大。短中期成長動能包括：一、紡織本業嚴選訂單、提高高毛利產品占比，公司 2026 年公開目標為紡織本業營收成長約 15%、營業成本增幅控制於 8% 以內、毛利率目標 18%；二、車材用布延續成長，2023 年已取得 Tesla 供應鏈認證並少量出貨，並已是 Range Rover 等車廠相關材料供應商，若新車款或新電動車客戶認證放量，將推升營收與產品組合；三、戶外機能布、環保材質布料與品牌合作深化，例如鳳梨纖維、紙纖維、天絲羊毛、低碳與再生材料；四、取得 AS9100 航太品質管理系統認證後，切入飛機座椅布、客艙與訓練座椅材料等航太應用，但公司與媒體均指出航太產品須經嚴格認證與客戶測試，可能需 1 至 2 年才轉為實際訂單與營收；五、100% 持股子公司佳鼎洽談無人機供應鏈，方向包括碳纖維布與導電布，目前仍屬開發與洽談階段；六、猛揮營造自 2025 年 11 月納入合併，2026 年完整併表，南部公共工程案若進入認列高峰，可能提高建造合同收入。主要風險包括全球服飾與紡織景氣循環、品牌庫存調整、原料如棉紗、聚酯、尼龍、羊毛與染化料價格波動、新台幣匯率、關稅與貿易政策、車用與航太客戶認證期長且放量不確定、單一大客戶或高階客戶訂單集中、營建工程認列與成本追加風險、航太與無人機題材短期反映快於實際營收，以及公司市值較小造成股價波動較大。

Supply Chain

Upstream
  • 南亞塑膠工業股份有限公司 1303 台股上市公司；聚酯、化纖、塑膠與化工材料大廠，屬佳和長纖、機能布與產業用布可能上游材料供應鏈之一，未確認為直接供應商。
  • 台灣化學纖維股份有限公司 1326 台股上市公司；聚酯、尼龍、塑化與化纖原料供應商，屬紡織上游材料鏈，未確認為佳和直接供應商。
  • 遠東新世紀股份有限公司 1402 台股上市公司；聚酯纖維、紡織與回收材料供應商，同時亦為紡織同業；作為上游原料來源屬產業鏈推估，未確認直接交易。
  • 新光合成纖維股份有限公司 1409 台股上市公司；聚酯纖維與化纖原料供應商，屬長纖織物可能上游材料鏈，未確認為直接供應商。
  • 力麗企業股份有限公司 1444 台股上市公司；尼龍、聚酯絲與織布相關業者，可能同時具有上游材料與同業競爭角色，未確認直接供應。
  • 棉紗、毛紗、染化料與助劑供應商 多為國內外原料商或化工供應商；佳和產品涵蓋棉紗、毛紗、染整與塗佈後加工，公開資料未逐一揭露供應商名稱。
  • 紡織、染整、塗佈與後加工設備商 未上市或國外設備商居多；提供織造、染整、塗佈、檢測與特殊後加工設備，公開資料未確認具體供應商。
Downstream
  • Tesla, Inc. 美國上市公司；佳和已公開取得 Tesla 供應鏈認證，2023 年開始少量出貨車內裝用布，後續視新車款與訂單放量。
  • Jaguar Land Rover／Range Rover 非台股掛牌；公開資料指佳和車材與內裝布已供應 Jaguar XJ、Land Rover、Range Rover 等高級車內裝應用。
  • Infiniti／Nissan Motor 非台股掛牌；公開資料指佳和車用內裝布應用於 Infiniti 等車款或供應鏈。
  • VF Corporation／Timberland 美國上市公司；今周刊轉載內容提及 Timberland 為佳和國際品牌客戶之一，屬服飾與戶外品牌終端。
  • Under Armour, Inc. 美國上市公司；公開報導提及為佳和品牌客戶之一，主要對應運動與機能服飾用布。
  • H&M Hennes & Mauritz AB 瑞典上市公司；公開報導提及為佳和品牌客戶之一，實際採購可能透過成衣供應鏈。
  • adidas AG 德國上市公司；公開報導提及為佳和品牌客戶之一，對應運動與機能布終端應用。
  • Emporio Armani／Giorgio Armani Group 非台股掛牌、未上市集團；公開報導提及為佳和品牌客戶之一，對應時裝布料終端。
  • 猛揮營造股份有限公司 未上市；佳和控制之子公司，從事營造工程，2025 年 11 月起納入佳和合併報表，亦與佳和簽有工程合約。
  • 航空公司與飛機製造商 未確認具體名單；佳和取得 AS9100 後洽談航空座椅布與航太供應鏈，仍需 1 至 2 年認證與測試才可能轉為營收。

Competitors

Sources（20）

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.