Preface

The frequency component manufacturer, Crystal Tech (3042-TW), has been experiencing a robust recovery in its stock price, driven by the strong support from institutional investors. On the 16th, its stock closed at NT$95.1, marking a 3.82% increase for the week. This momentum has propelled the stock to five consecutive weekly gains and has surpassed the half-year moving average, achieving a significant 26.13% increase. Notably, this movement also fills the gap created by the U.S. announced reciprocal tariffs.

Lazy bag

Due to strong institutional buying, Crystal Tech achieved a 3.82% weekly increase, marking five consecutive gains. Sales surged due to pre-emptive stockpiling against U.S. tariffs.

Main Body

In April 2025, Crystal Tech's revenue soared to NT$1.27 billion, reaching a new single-month high for 43 months. Cumulative revenue from January to April amounted to NT$4.437 billion, reflecting a year-over-year growth of 13.38%. This surge in April revenue primarily stems from strong demand across various product lines, excluding automotive applications. Customers ramped up stockpiling in anticipation of a 90-day buffer period provided by the U.S. reciprocal tariffs. This growth trajectory is expected to persist, with robust pulling forces anticipated for May as well.

The expansion of Crystal Tech's overseas production facilities commenced in the fourth quarter of last year. Particularly noteworthy is the swift initiation of vehicle frequency component manufacturing at Ningbo Jingchuang Electronics in Zhejiang. Additionally, the new production base in Indonesia has already begun operations. Crystal Tech is committed to achieving double-digit growth in full-year revenue for 2024, with an anticipated continued growth of 5-10% in 2025. As of the 16th, the stock closed at NT$95.1, realizing a weekly increase of 2.38%. The short-term support level is firmly set at the 5-day moving average, which is NT$94.06.

Key Insights Table