RiTWIN Leads Emerging Stock Market with 53% Weekly Surge
(January 18, 2025 – Commercial Times, by Huang Yen-Hung)
Four new companies debuted on Taiwan’s Emerging Stock Board this week, and three of them quickly climbed into the top ten weekly gainers. The leader was RiTWIN (7816), a newcomer in the electronic components sector, which soared 53.74% in its debut week, showcasing a strong “honeymoon rally.” JetPower Technology (7796) from the semiconductor industry, last week’s champion, continued its momentum with a 41.52% gain to take second place, while LinkCom Networks (6820) from the communications and networking sector ranked third with a 24.17% rise.
Among the 351 listed Emerging Board stocks, 141 closed higher or flat, representing 40.1% of the total, nearly unchanged from last week’s 39.6%. The market showed resilience at higher levels, supported by strong buying on dips. The TAIEX (weighted index) edged up 0.59% for the week, forming a weekly K-line with a long lower shadow — a sign that bargain hunters have returned.
January’s trading was influenced by multiple uncertainties, including the release of key economic data, corporate earnings reports, and policy briefings both domestically and abroad. With Donald Trump set to assume office and the Lunar New Year trading halt approaching, investors began taking profits at higher levels. However, after the U.S. CPI data and TSMC’s upbeat earnings guidance and record-high capital expenditure plan, the Taiwan market rebounded sharply from its half-year moving average. On Friday, the index reclaimed all major moving averages and returned to the 23,000-point range, marking a strong recovery.
The OTC index slipped 0.84% this week, underperforming the broader market. Although it briefly reclaimed the 5-day moving average, it remains below other short-, medium-, and long-term averages — reflecting a weak rebound pattern. On Friday, the OTC index attempted to regain the 10-day line but was pulled back by pre-holiday profit-taking, ending lower ahead of the main index and signaling weaker market momentum.
This week’s top ten gainers were RiTWIN, JetPower Technology, LinkCom Networks, Linyen Technology, Mercury Biomed, Syntek, Taiwan Laminates, Qunli Technology, InfoHub Macroview, and Nano-KY* — with gains ranging from 53.74% to 12.73%. Trading volumes spanned 394 to 6,881 shares, with five of the top performers belonging to the electronics industry.
RiTWIN focuses on the manufacturing and sales of high-efficiency energy storage lithium battery modules and portable lithium battery systems. Its main business integrates high-performance LiFePO₄ batteries, power conditioning systems (PCS), battery energy storage systems (BESS), control and energy management software (EMS), and grid backend management systems. These solutions serve a wide range of applications — from residential and commercial use to industrial and utility-scale power transmission and distribution systems.
In the portable battery module sector, RiTWIN’s products are widely used in smart home devices, navigation systems, tablets, and wearable smart electronics. As of November 2024, RiTWIN reported an earnings per share (EPS) of NT$2.99 after tax.
JetPower Technology nearly doubled its revenue in 2024, driven by strong demand in NFC and AI applications. Institutional analysts expect its growth momentum to continue in 2025. The company posted NT$67.39 million in revenue for 2024, representing a 94.5% year-over-year increase, benefiting from the expanding markets for application-specific ICs (ASICs) and AI-related solutions. JetPower’s two core business pillars — IC design services and its AI software service platform — are beginning to deliver visible results from their long-term strategic investments.
