China’s Favor to the U.S. Boosts Nafco’s Stock Price

On Sep. 24th, the publicly traded Nafco reached its highest stock price in a single day at NTD44.65, which was mainly due to the order for 300 Boeing aircrafts Chinese Prime Minister Xi announced during his visit to the U.S. this time. This “gift” may give Nafco lots of benefits, as about 80% of Nafco’s revenue is generated from aerospace and related products. Nafco has been active in developing engine bolts and engine mechanical engineering in recent years. It has also entered the supply chain of MYU, which is a leading engine manufacturer in the industry. At this moment Nafco is also trying to acquire more certifications for its products.

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