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Allied Technology Shares Surge Over 40% Amid Upgraded Revenue Outlook
Electronic Technology · Electronic Components · economic_daily · 2026-08-29
Allied Technology has seen its stock price climb more than 40% recently after raising its full-year revenue growth forecast, driven primarily by strong foreign institutional buying.
What Happened
Revenue Outlook: Allied Technology has officially upgraded its full-year revenue growth forecast, signaling strong confidence in its operational momentum. This positive guidance has successfully captured market attention and served as a catalyst for recent stock price gains.
Market Performance: The company's stock has demonstrated significant strength, rallying from a base of approximately 75 NTD to achieve a short-term gain exceeding 40%. While the stock saw a minor pullback to close at 108.5 NTD last Friday, the overall bullish trend remains intact.
Institutional Activity: Data from the past five trading sessions shows that major institutional investors have net-bought over 2,000 shares. The buying pressure is primarily driven by foreign investors, while domestic investment trusts have remained on the sidelines.
Investor Sentiment: Market analysts suggest that the company's improved fundamentals are the primary driver behind the foreign capital inflows. Investors are advised to monitor the sustainability of this foreign buying trend and the company's progress toward its revised revenue targets.
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