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2399

映泰 Computer & Peripherals As of 2026-06-17 Updated daily after market close

quality needs a look, fair valuation.

2 active signals
252d high Revenue ≥20%
This page refreshes daily after the close. Add 映泰 to your watchlist to track signal changes on your next visit.
Valuation 23Quality 56Growth 83Momentum 87Chips 81

Is 映泰 a buy? Fundamentals and valuation first

  • Weak profitability.Operating margin is in the 16th market percentile. Latest quarterly ROE ≈ 11.3%.

  • Valuation is neutral.PE is in the 65th market percentile; within its own history, PE is around the 79th percentile.

  • Foreign investors are net buying.Foreign 20-day net flow ≈ 6.0% of volume (net buy).

  • Strong revenue growth.Latest monthly revenue YoY ≈ 48.2%, above the 20% growth threshold.

  • Signals are active now.On the latest data, signals such as 252-day price high, Revenue YoY ≥ 20% are active — see the historical forward returns after each occurrence below.

Chip flow

Bullish +0.77
BearishNeutralBullish

Single-sided accumulation, concentration rising — bullish

  • Single-sided accumulation, concentration rising — bullish
  • 凱基-台北 holds 6,560 lots
  • sellers have 10,078 lots left, ~2270 sessions to clear

Window from 2026-01-17 · Price +95% · branches to 2026-06-17· TDCC to 2026-06-12

  • Largest holder 凱基-台北 has accumulated 6,560 lots since the start (sold 0%), still adding.
  • Main distributor 摩根大通 peaked at 5,500 lots, has sold 28%, 3,954 left, ~68 sessions to clear at the recent pace.
  • TDCC big holders (absolute) >1000-lot holders +12.40pp, mid holders +11, retail -13.13pp — concentration shifting upward.
  • Foreign hedge-desk net short Net short -337 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
凱基-台北永豐金-內湖美商高盛國票-中和宏遠證券富邦-七賢
Distributing
摩根大通港商野村新加坡商瑞銀美林台灣摩根士丹利國票-北投
Desks
own scale
康和-台中元大-內湖新光-台南元大-木柵
Price Accumulating & Distributing share one scale (comparable); Desks is independent. Zero is the baseline
Branch details Unit: lots

Accumulating

  • 凱基-台北 +6,560
    sold 0%· still adding
  • 永豐金-內湖 +4,927
    sold 0%· still adding
  • 美商高盛 +2,130
    sold 23%· still adding
  • 國票-中和 +1,583
    sold 2%
  • 宏遠證券 +1,483
    sold 15%· still adding
  • 富邦-七賢 +1,161
    sold 0%

Distributing

  • 摩根大通 3,954 left
    sold 28%· ~68 sessions to clear
  • 港商野村 1,204 left
    sold 66%· paused recently
  • 新加坡商瑞銀 1,949 left
    sold 37%· ~27 sessions to clear
  • 美林 2,108 left
    sold 27%· ~39 sessions to clear
  • 台灣摩根士丹利 857 left
    sold 59%· paused recently
  • 國票-北投 925 left
    sold 31%· ~31 sessions to clear

Desks

  • 康和-台中 -1,028
    unclassified
  • 元大-內湖 -923
    unclassified
  • 新光-台南 -711
    unclassified
  • 元大-木柵 -533
    unclassified
Still selling 10,078 lots ~2270 sessions to bottom at most
Recent buy/sell force +8,233 absorbed / -3,305 sold buyers slightly ahead
Hedge-desk net short -4 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.

252-day price high (breakout)

Active

Adjusted close makes a new 252-day high; repeats within 20 days counted once.

17 historical occurrences (since 2009-05-07)
Average forward return after 252-day price high (breakout)。20-day: Win 76.5%, Sample 17, Median +19.33%, Excess +15.5%, Beat mkt rate 76.5%；60-day: Win 68.8%, Sample 16, Median +24.18%, Excess +14.67%, Beat mkt rate 68.8%；120-day: Win 57.1%, Sample 14, Median +4.99%, Excess +4.39%, Beat mkt rate 42.9%

120 days after: historical avg +14.8%

20-day +19.85%
60-day +22.6%
120-day +14.8%
20-day
60-day
120-day
Win
76.5%
68.8%
57.1%
Sample
17
16
14
Median
+19.33%
+24.18%
+4.99%
Excess
+15.5%
+14.67%
+4.39%
Beat mkt rate
76.5%
68.8%
42.9%

Over 14 occurrences, 120-day forward avg gained 14.8%, beat the market by 4.39 pts; win rate 57.1%.

Monthly revenue YoY ≥ 20% (from filing deadline)

Active · now 48.24%

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

52 historical occurrences (since 2007-04-23)
Average forward return after Monthly revenue YoY ≥ 20% (from filing deadline)。20-day: Win 50%, Sample 40, Median -0.07%, Excess +2.61%, Beat mkt rate 47.5%；60-day: Win 51.3%, Sample 39, Median +0.65%, Excess +1.58%, Beat mkt rate 38.5%；120-day: Win 43.6%, Sample 39, Median -5.37%, Excess +0.28%, Beat mkt rate 35.9%

120 days after: historical avg +4.2%

20-day +3.61%
60-day +4.26%
120-day +4.2%
20-day
60-day
120-day
Win
50%
51.3%
43.6%
Sample
40
39
39
Median
-0.07%
+0.65%
-5.37%
Excess
+2.61%
+1.58%
+0.28%
Beat mkt rate
47.5%
38.5%
35.9%

Over 39 occurrences, 120-day forward avg gained 4.2%, beat the market by 0.28 pts; win rate 43.6%.

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 88+34% +33.7% 63.6% +25.1%
20-40 86-11.6% -25.5% 7% -8.1%
40-60 418+43.4% +41% 68.7% +10.8%
60-80 You are here315+42% +31.1% 83.5% -1.1%
80-100 634+19.2% +7.9% 54.9% -6.6%

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 ≈ 33.27, at the 79.4th percentile of its own history (60-80 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)
+14.7%
Win rate 57.8% Excess +6.3%
187d
Now
+17.4%
Win rate 59% Excess -2.3%
647d
60-day momentum down
-8.6%
Win rate 33.8% Excess -4.4%
139d
+13.4%
Win rate 59% Excess -4.8%
363d
+26.4%
Win rate 76.9% Excess +7.3%
325d

Currently in “Expensive (own-history top 1/3) × 60-day momentum up”: across 647 historical days, 120-day forward avg gained 17.4%, win rate 59%, lagged the market by 2.3%.

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.

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.

57 times historically; 60-day forward avg +4.94%, win rate 51.8%, beating the market by +0.48 pts on average.

What does 映泰 do? Company profile

電腦及週邊設備業／電腦週邊、主機板、工業電腦 台灣證券交易所上市

Overview

2399 對應證券為映泰股份有限公司，英文簡稱 BIOSTAR，為台灣證券交易所上市普通股，非 ETF、ETN、權證或特別股。公司成立於 1990/08/29，1999/12/16 掛牌上市，總部位於新北市新店區民權路108-2號2樓。Yahoo 股市與 Goodinfo 資料顯示董事長為王明義、總經理為王明正、發言人為鄭仲賜，股本／資本額約新台幣17.81億元，已發行普通股約178,100,000股。員工規模本次查得 Investing.com 公司檔案標示約165人，但未能以官方年報逐頁核驗，故列為參考。主要內部持股方面，2026年前後公開資料顯示董事長王明義約持有6,998張、約3.93%，董事王明正約持有6,409張、約3.60%，董監持股合計約7.53%；未查得單一持股超過10%且可由官方文件確認之最新主要股東名單。公司官方與第三方資料均顯示主要營業項目為電腦主機板、工業電腦、電腦VGA卡及相關週邊軟硬體之開發設計、生產製造與銷售。

Business

映泰為自有品牌 BIOSTAR 的板卡與工業電腦廠，核心產品包括消費與電競主機板、顯示卡、工業電腦主機板、嵌入式／邊緣運算系統、SSD、記憶體模組與相關周邊。MoneyDJ 產業資料列示 2024 年營收結構約為主機板56%、工業電腦10%、顯示卡11%；另 2025 年新聞訪談指出板卡業務占營收逾9成，顯示公司營收仍高度依賴主機板、顯示卡與PC周邊等板卡產品，工業電腦與 Edge AI 仍處於提升占比階段。商業模式上，映泰同時經營自有品牌通路銷售、工業電腦／嵌入式平台、OEM／ODM 專案與邊緣AI解決方案；消費性產品以主機板、顯示卡、SSD等透過代理與零售通路銷售，工業電腦與 Edge AI 則面向系統整合商、軟體開發商、專案型業務夥伴與終端場域客戶。終端應用包括個人電腦、電競、POS、KIOSK、半導體設備內嵌系統、大型印表機、工業自動化、智慧製造、智慧城市、智慧零售、安防監控、影像辨識、場域安全、AI PC 與邊緣推論。公司近年策略是由中低階板卡逐步轉向電競、工業電腦與邊緣AI等毛利率相對較高的產品組合。

Outlook 2025–2028

2025 年：公司面臨傳統主機板與中國市場需求偏弱、新台幣升值造成匯損與毛利壓力、PC終端需求不明等挑戰；但公司在 2025 年持續推動 Edge AI 與工業電腦，已有多個新客戶或專案進入 POC，原先預期年底至隔年逐步發酵。2026 年：截至 2026/06/17，公開報導顯示映泰 2026年前5月累計營收約8.05億元、年增約3.95%，5月單月營收約1.92億元、年增48.24%；公司於 COMPUTEX 2026 展出 EdgeComp、NVIDIA Jetson、NPU、AI PC 與邊緣AI方案，並與 HTC、瑞昱、DeepX、MemryX 等生態系夥伴展示或合作。公司表示傳統桌機需求仍疲弱，DDR與SSD價格上漲導致終端轉嫁困難，對下半年至隔年仍審慎；但工業電腦與邊緣運算相關業務占比已達20%以上，目標隔年 IPC 營收占比突破3成。2027 年：公司總經理王明正於 2026 年報導中表示 AI 應用仍處導入與驗證階段，預期 2027 年是相關布局逐步開花結果的重要時間點；若 POC 轉量產、智慧製造／智慧城市／安防影像等專案可複製，營收結構與毛利率有機會改善。2028 年：尚無公司明確量化財測，本研究僅能推估重點仍在 Edge AI、AI PC、工業電腦、嵌入式平台與高附加價值專案；主要變數包括 CPU／記憶體／GPU／NPU 供貨與價格、AI 邊緣應用商業化速度、與國際晶片平台合作深度、傳統主機板競爭與中國市場需求。主要風險包括 PC板卡市場成熟且價格競爭激烈、匯率波動、關稅與地緣政治、零組件供應吃緊、AI專案驗證期長且未必能轉為量產、公司規模相對大型IPC同業較小。

Supply Chain

Upstream
  • 世平興業／大聯大控股 3702 晶片組與電子零組件通路供應鏈；MoneyDJ 列示世平為映泰晶片組主要供應商之一，世平隸屬台股上市大聯大控股。
  • 超微 AMD 晶片組、CPU／GPU平台與顯示卡相關供應商；美國上市公司，非台股掛牌。
  • 英特爾 Intel 主機板與工業電腦平台常用 CPU／晶片組供應商；美國上市公司，非台股掛牌。
  • 輝達 NVIDIA Edge AI、Jetson、顯示卡與AI運算平台相關供應商／生態系夥伴；美國上市公司，非台股掛牌。
  • 精成科技 6191 印刷電路板供應商；MoneyDJ 列示為映泰重要原物料供應商之一。
  • 嘉澤端子工業 3533 CPU腳座供應商；MoneyDJ 列示為映泰重要原物料供應商之一。
  • 鈺邦科技 6449 固態電容供應商；MoneyDJ 列示為映泰重要原物料供應商之一。
  • 國巨 2327 電容、電阻等被動元件供應商；MoneyDJ 列示為映泰重要原物料供應商之一。
  • MemryX 美國AI晶片新創，與映泰於 CES 2026 展出整合 MemryX MX3 M.2 AI 加速器的 EdgeComp MU-N150 邊緣AI方案；非台股掛牌。
  • DeepX 韓國AI晶片／NPU公司，2026 年映泰展示 EdgeComp 平台搭配 DeepX 方案；非台股掛牌。
Downstream
  • 品牌代理商與零售通路 消費性主機板、顯示卡、SSD、記憶體等產品之銷售通路；多為未揭露或非台股掛牌企業。
  • 系統整合商 Edge AI 與工業電腦專案落地的重要合作對象，負責整合硬體、軟體、場域與終端需求；公司未逐一揭露名單。
  • 軟體開發商與AI應用開發商 公司推動 Edge AI 生態系時合作的下游／互補夥伴，用於影像辨識、智慧城市、智慧製造、智慧零售、安防監控等應用；多數名單未揭露。
  • 宏達電 HTC 2498 2026 COMPUTEX 報導提及 HTC 智能眼鏡結合映泰 NVIDIA Jetson Thor 平台展示 VSS 視覺感知應用；較接近生態系合作夥伴而非已確認量產客戶。
  • 瑞昱半導體 2379 2026 COMPUTEX 報導提及映泰與瑞昱合作 Edge AI 產品，可實現即時翻譯與即時螢幕顯示；較接近生態系合作夥伴而非已確認量產客戶。
  • 智慧製造、智慧城市、智慧零售與安防監控終端客戶 公司報導提及日本、韓國、中東、歐洲、美國、東南亞等地有 POC 或潛在專案，應用包括NVR監控、影像辨識、場域安全等；客戶名稱多未公開。

Competitors

  • 華碩 2357 台股上市；主機板、顯示卡、電競與PC周邊主要競爭者，品牌與通路規模明顯大於映泰。
  • 技嘉 2376 台股上市；主機板、顯示卡、電競、伺服器與AI相關硬體競爭者。
  • 微星 2377 台股上市；主機板、顯示卡、電競PC與工業／商用電腦產品競爭者。
  • 華擎 3515 台股上市；主機板、工業電腦、伺服器與IPC／Edge AI布局與映泰部分重疊。
  • 精英電腦 2331 台股上市；主機板、電腦系統與商用／工業應用領域競爭者。
  • 研華 2395 台股上市；工業電腦、嵌入式系統、邊緣運算與AIoT龍頭，為映泰轉型IPC與Edge AI時的重要標竿與競爭者。
  • 友通資訊 2397 台股上市；工業電腦、嵌入式主板與邊緣AI平台競爭者。
  • 研揚 6579 台股上市；工業電腦、嵌入式平台、NVIDIA Jetson 與邊緣AI產品競爭者。
  • 樺漢 6414 台股上市；工業電腦、系統整合、智慧製造與嵌入式解決方案競爭者。
  • 艾訊 3088 台股上櫃；工業電腦、嵌入式平台、工控與邊緣運算應用競爭者。
Sources（18）

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.