3010.TW
Second WindAI neutralWah Lee Industrial Corporation · Technology · Taiwan · $1.1B cap · $3.0M/day traded
TWD 117.50 -0.4% · close 12 Nov · scored 13 Nov
Score down 1.0 since 12 Nov.
Second Wind: Cheap with strong momentum, but the business does not earn the optimism.
As of 13 Nov 2026, the MoatMap Score for Wah Lee Industrial Corporation (3010.TW) is 84/100, ranked against 25,000+ stocks in 38 markets (Quality 46, Value 81, Momentum 55, each scored against its sector).
Does the score work? Each tenth of the ranking, tracked monthly. See the record →
Wah Lee Industrial distributes specialty materials, chemicals and equipment to Taiwan's semiconductor, display and PCB makers. It gains indirectly from AI chip and server production in Taiwan. As a distributor it earns thin margins and has limited pricing power, and there is no company-specific news pointing to a step change in profits.
ABOUT WAH LEE INDUSTRIAL CORPORATION
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Wah Lee Industrial Corporation is a leading distributor of high-end engineering plastics, semiconductor materials, and electronic components in Taiwan. The company's competitive moat is its deep technical partnerships with global materials suppliers and its role as a critical supply chain intermediary for Taiwan's semiconductor and electronics giants. It is a dominant market leader in advanced materials distribution.
FINANCIAL SUMMARY (TWD)
| Year | 2021 | 2022 | 2023 | 2024 | 2025 | CAGR | TTM |
|---|---|---|---|---|---|---|---|
| Revenue | — | 73.6B | 66.8B | 80.0B | 78.2B | 2.1% | 84.5B |
| EPS (TWD) | 12.05 | 10.53 | 8.96 | 8.89 | 8.84 | -7.4% | 11.01 |
| Shares | — | 236.0M | 236.0M | 259.4M | 259.4M | +9.9% | 259.4M |
| Debt | — | 18.5B | 18.0B | 15.1B | 16.5B | -3.9% | 14.3B |
| Equity | — | 16.8B | 18.6B | 22.5B | 23.9B | 12.5% | — |
| Op CF | — | 3.8B | 3.2B | -102.7M | 5.7B | 14.8% | 3.9B |
| Inv CF | — | -1.3B | -912.6M | 789.4M | -2.0B | — | — |
| Fin CF | — | 471.6M | -2.2B | -3.3B | -859.7M | — | — |
No clear trend: not near its 52-week low, and not in a steady uptrend.
Calmer than 62% of stocks we rank over the past year (volatility 36% a year).
How this is worked out
The Price check reads only the chart, the price side of the Momentum score in words; it is not the MoatMap Score.
- Still falling: It set a new 52-week low in the last two weeks, after a deep fall.
- Finding a floor: It fell hard, but has set no new low for more than two weeks.
- Turning up: It has climbed off its low and is back above a rising 50-day average.
- In an uptrend: It is near its 52-week high and above its 200-day average.
- No clear trend (this stock): None of the above: no recent deep fall and no steady climb.
- No read yet: Not enough price history yet: it needs a year of trading.
In past US falls, waiting for Turning up cut the chance of another 20% drop from 42% to 33%. Returns were no better, and 33% of turns failed.
The exact rules
Still falling is a new 52-week low in the last two weeks, at least 25% below the high, with the low set after the high. Finding a floor is the same fall with no new low in the last two weeks. Turning up is 20 or more trading days without a new low, at least 10% off it, and back above a rising 50-day average. In an uptrend is above the 200-day average, with the 50-day average above the 200-day, and within 15% of the high. No clear trend is everything else. No read yet is under 252 trading days of history, or missing data. A new state shows once it has held for three trading days.
In 2,112 US drawdowns since 2001, buying while the price was still falling was followed by a further 20% drop 42% of the time. Waiting for a turn (the Turning up rule above) cut that to 33%, at about 7% higher prices and with no better returns. Part of that cut is simply not buying: 13% of falls never turned, and waiting kept those out. Among turns that were bought, 38% still fell another 20%, and 33% of turns were followed by a new low within six months. The benefit was largest in crashes such as 2008 and 2020.
What it measures: how much the price moved day to day over the past year, scaled to a yearly figure (annualised volatility) and ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.
What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.
Calm is not safe: a calm stock can still slide steadily.
Rules fixed before any data was fetched. Describes the chart, not a recommendation.
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Technology, ranked by industry match, size, and score similarity. Cross-listings of 3010.TW are excluded.
| Ticker | Company | Mkt Cap | Score |
|---|---|---|---|
| 3010.TW | Wah Lee Industrial Corporation(you) | $1.1B | 84 |
| 8070.TW | Chang Wah Electromaterials Inc. | $1.1B | 75 |
| 6189.TW | Promate Electronic Co.,Ltd. | $390M | 83 |
| 2354.TW | Foxconn Technology Co., Ltd. | $2.7B | 80 |
| 5434.TW | Topco Scientific Co.,Ltd. | $3.3B | 84 |
| 3583.TW | Scientech Corporation | $1.5B | 64 |
| 6227.TWO | Macnica Galaxy Inc. | $282M | 86 |
| 3033.TW | Weikeng Industrial Co., Ltd. | $665M | 64 |
| 2450.TW | Senao International Co.,Ltd. | $222M | 85 |
| 3048.TW | EDOM Technology Co., Ltd. | $437M | 63 |
Peer medians: ROE 10.6% · P/E 19.8x · Gross margin 26.0%
Company Deep Dive
A 10,000-word report: the business and its segments, what management promised on earnings calls and whether it delivered, the competition, and how things could turn out.