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3236

千如 Electronic Components As of 2026-06-17 Updated daily after market close

quality needs a look, premium valuation.

1 active signal
252d high
This page refreshes daily after the close. Add 千如 to your watchlist to track signal changes on your next visit.
Valuation 19Quality 34Growth 39Momentum 97Chips 55

Is 千如 a buy? Fundamentals and valuation first

  • Weak profitability.Operating margin is in the 34th market percentile. Latest quarterly ROE ≈ 0.7%.

  • Valuation is high.PE is in the 94th market percentile; within its own history, PE is around the 94th percentile.

  • Foreign investors are net buying.Foreign 20-day net flow ≈ 1.1% of volume (net buy).

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

Chip flow

Bullish +0.64
BearishNeutralBullish

Single-sided accumulation, concentration rising — bullish

  • Single-sided accumulation, concentration rising — bullish
  • 國泰-敦南 holds 628 lots
  • sellers have 1,709 lots left, ~380 sessions to clear

Window from 2026-01-17 · Price +78% · branches to 2026-06-17· TDCC to 2026-06-12

  • Largest holder 國泰-敦南 has accumulated 628 lots since the start (sold 0%), still adding.
  • Main distributor 摩根大通 peaked at 2,561 lots, has sold 57%, 1,092 left, ~21 sessions to clear at the recent pace.
  • TDCC big holders (absolute) >1000-lot holders +2.02pp, mid holders +3, retail -3.60pp — concentration shifting upward.
  • Foreign hedge-desk net short Net short -842 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-敦南台灣摩根士丹利凱基-站前群益金鼎-大甲康和-台中凱基-三重
Distributing
摩根大通美商高盛港商野村國票證券玉山-高雄華南永昌-竹北
Desks
own scale
永豐金-忠孝元大證券群益金鼎-中壢富邦-嘉義
Price Accumulating & Distributing share one scale (comparable); Desks is independent. Zero is the baseline
Branch details Unit: lots

Accumulating

  • 國泰-敦南 +628
    sold 0%· still adding
  • 台灣摩根士丹利 +526
    sold 0%· still adding
  • 凱基-站前 +484
    sold 0%· still adding
  • 群益金鼎-大甲 +378
    sold 0%
  • 康和-台中 +194
    sold 0%
  • 凱基-三重 +194
    sold 0%· still adding

Distributing

  • 摩根大通 1,092 left
    sold 57%· ~21 sessions to clear
  • 美商高盛 188 left
    sold 89%· ~1 sessions to clear
  • 港商野村 185 left
    sold 75%· paused recently
  • 國票證券 300 left
    sold 41%· paused recently
  • 玉山-高雄 72 left
    sold 81%· paused recently
  • 華南永昌-竹北 38 left
    sold 90%· ~380 sessions to clear

Desks

  • 永豐金-忠孝 -638
    unclassified
  • 元大證券 -596
    unclassified
  • 群益金鼎-中壢 -550
    unclassified
  • 富邦-嘉義 -346
    day-trade · selling pressure
Still selling 1,709 lots ~380 sessions to bottom at most
Recent buy/sell force +2,726 absorbed / -2,230 sold buyers slightly ahead
Hedge-desk net short -183 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.

33 historical occurrences (since 2009-07-31)
Average forward return after 252-day price high (breakout)。20-day: Win 62.5%, Sample 32, Median +1.4%, Excess +2.67%, Beat mkt rate 50%；60-day: Win 77.4%, Sample 31, Median +6.74%, Excess +3.01%, Beat mkt rate 61.3%；120-day: Win 61.3%, Sample 31, Median +7.53%, Excess -0.62%, Beat mkt rate 45.2%

120 days after: historical avg +7.59%

20-day +3.68%
60-day +7.22%
120-day +7.59%
20-day
60-day
120-day
Win
62.5%
77.4%
61.3%
Sample
32
31
31
Median
+1.4%
+6.74%
+7.53%
Excess
+2.67%
+3.01%
-0.62%
Beat mkt rate
50%
61.3%
45.2%

Over 31 occurrences, 120-day forward avg gained 7.59%, lagged the market by 0.62 pts; win rate 61.3%.

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)
0-20 517+42.2% +10.4% 69.4% +18.1%
20-40 643+25% -1% 48.5% +10.6%
40-60 498+17% +24.9% 63.9% -0.3%
60-80 574-4.5% -2.7% 45.8% -8.7%
80-100 You are here324+38.8% +23.2% 81.8% -6.2%

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 ≈ 159.76, at the 94.0th 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
+9.9%
Win rate 53.5% Excess +2.5%
572d
+10.2%
Win rate 68.5% Excess +5.8%
480d
Now
+13.7%
Win rate 54.7% Excess -2.6%
417d
60-day momentum down
+12.6%
Win rate 53.1% Excess +3.6%
405d
+8.5%
Win rate 70.4% Excess +2.8%
446d
+25.5%
Win rate 61.5% Excess +5.4%
356d

Currently in “Expensive (own-history top 1/3) × 60-day momentum up”: across 417 historical days, 120-day forward avg gained 13.7%, win rate 54.7%, lagged the market by 2.6%.

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.

Signals not active (historical stats for reference)

These are not occurring now; historical samples shown for comparison.

Monthly revenue YoY ≥ 20% (from filing deadline)

Pending

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

75 times historically; 60-day forward avg +7.32%, win rate 60%, beating the market by +4.71 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.

53 times historically; 60-day forward avg +9.1%, win rate 64.7%, beating the market by +4.42 pts on average.

What does 千如 do? Company profile

電子零組件業／被動元件－電感 上櫃（櫃買中心）

Overview

3236 對應證券為千如，為台灣上櫃普通股，非 ETF、ETN、權證或特別股。公司成立於1979/05/25，2004/12/02上櫃，總部／通訊地址為桃園市楊梅區環東路298巷98號。實收資本額約新台幣10.50億元，已發行普通股105,000,613股。依2026/06/09改選後資料與近期股市資料，董事長為徐錫愷，總經理為范良芳；需注意部分較舊資料仍列前董事長徐明恩。公司英文簡稱 ABC，統一編號45011782，簽證會計師事務所為勤業眾信。104人力銀行資料稱全球員工近3,000人。主要股東完整名單未在本次可查來源中完整確認；Yahoo舊資料列董監持股比例18.77%，CMoney內部人持股舊資料曾列徐明恩約5.9%、范良芳約1.2%，但2026年董事改選後個別持股與職稱需以公開資訊觀測站最新申報為準。

Business

千如為電感元件設計、製造與銷售廠，產品以自有品牌 ABC 行銷全球。主要產品包括功率電感、遮蔽型／半遮蔽型／模壓電感、繞線晶片電感、高頻電感、共模濾波電感、磁珠電感、變壓器、LTCC低溫共燒陶瓷元件、連接器、散熱方案與精密機構零件。2024年MoneyDJ資料顯示營收比重為電感96%、精密金屬零件2%；2025年前三季法說摘要則列電感類產品約97.2%，應用市場以工業用最大，約44.3%，車用電子約18.3%；MoneyDJ新聞另稱客戶端以工控約50%、車用約20%，其餘為網通與消費性產品。2024年主要銷售地區為美國45%、德國19%、中國大陸14%、香港6%、台灣5%。商業模式為電子被動元件製造與客製化服務，供應工業控制、汽車電子、電信通訊、網通、消費性電子、醫療、AI伺服器／資料中心電源、WiFi／藍牙／5G／UWB等終端應用。生產據點涵蓋台灣楊梅、中國廣州、蘇州／上海功能轉型，以及馬來西亞廠。

Outlook 2025–2028

2025年營運重點為中國廠區整合、採購集中、產品組合優化及毛利率修復；2025Q3營收約5.51億元、毛利率28.61%，較前期改善，前三季營收約15.28億至15.29億元、年增約7.4%。2026至2027年主要成長動能來自MIM（Made in Malaysia）馬來西亞擴產與自動化產線，目標因應地緣政治、關稅與客戶中國加一需求；公司表示馬來西亞計畫將導入新自動化產線、開發在地供應鏈，預計2026Q3至2026Q4開始接單，2026年底至2027年初逐步放量，鉅亨報導另稱約7個月移轉期、29個系列品項、800萬至1500萬顆訂單移轉量，並期望提升生產效率與毛利率。產品面，功率電感往高電流、高頻、小型化與高耐壓方向升級，包含支援AI伺服器與資料中心高功率電源、TLVR雙線圈電感、120V至800V高壓應用；小型化產品包含0201晶片電感與0.15mm晶片式共模濾波器；LTCC目前小量出貨／客戶驗證，鎖定WiFi 7、6G、UWB、5G與IC設計端合作，若驗證順利可成為2026至2028的新成長曲線。主要風險包括：LTCC量產與客戶驗證時程不確定、AI伺服器與高壓電感導入需通過客戶認證、車用與歐洲需求疲弱、被動元件價格競爭、匯率波動、馬來西亞供應鏈在地化進度、地緣政治與關稅政策變動，以及中國市場競爭加劇。2028展望屬依現有擴產與產品路線推估，尚無公司明確量化指引。

Supply Chain

Upstream
  • 昱昌 MoneyDJ資料列為磁芯供應商；未確認為台股上市櫃公司。
  • 東電化／TDK MoneyDJ資料列為磁芯供應商；TDK為日本上市電子材料與被動元件廠，非台股掛牌。
  • 益利素勒 MoneyDJ資料列為漆包線供應商；未確認為台股上市櫃公司。
  • 通曜 MoneyDJ資料列為精密金屬零件供應商；未確認為台股上市櫃公司。
  • 馬來西亞當地供應商 公司MIM計畫聚焦電感線圈、磁芯、外殼等核心原材料在地化採購；個別供應商名稱未公開。
Downstream
  • 工業控制客戶 最大應用市場之一，MoneyDJ新聞稱工控應用約占營收50%，富果法說摘要列2025前三季工業用占比44.3%；具體客戶未公開。
  • 車用電子客戶 約占營收18%至20%，產品包含車規電感、共模濾波器、車用電流感測變壓器等；具體客戶未公開。
  • 網通與電信通訊客戶 使用高頻電感、共模濾波電感、LTCC元件，應用於WiFi、藍牙、5G、UWB等；具體客戶未公開。
  • AI伺服器與資料中心電源客戶 公司開發高壓功率電感、TLVR相關電感解決方案切入高功率電源需求；目前屬成長機會，具體客戶未公開。
  • 消費性電子與醫療應用客戶 公司官網列消費性電子與醫療為應用領域；具體客戶未公開。

Competitors

  • 國巨 2327 台股上市被動元件大廠，集團涵蓋電阻、電容、電感等，被動元件平台與千如部分產品線競爭。
  • 台慶科 3357 台股上櫃電感與磁性元件廠，於功率電感、晶片電感等領域與千如競爭。
  • 美磊 3068 台股上櫃電感廠，產品涵蓋晶片電感、功率電感等，為直接同業。
  • 佳邦 6284 台股上櫃電子零組件廠，產品涵蓋保護元件、天線與部分被動／射頻元件，於射頻與通訊應用局部競爭。
  • 乾坤 2452 台股上市電子零組件廠，涵蓋電感與電源相關被動元件，於功率元件應用部分競爭。
  • 奇力新 電感同業，已併入國巨集團，非獨立台股掛牌公司。
  • 村田製作所 日本上市全球被動元件龍頭，於高頻電感、LTCC、射頻元件等領域競爭；非台股掛牌。
  • TDK 日本上市磁性材料與被動元件大廠，於電感、磁芯、射頻與車用元件領域競爭；非台股掛牌。
  • 太陽誘電 日本上市被動元件廠，於積層電感、射頻元件與LTCC相關產品競爭；非台股掛牌。
Sources（16）

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.