Reported Earnings • May 12
First quarter 2026 earnings released: EPS: NT$5.00 (vs NT$3.16 in 1Q 2025) First quarter 2026 results: EPS: NT$5.00 (up from NT$3.16 in 1Q 2025). Revenue: NT$1.95b (up 4.9% from 1Q 2025). Net income: NT$730.3m (up 82% from 1Q 2025). Profit margin: 38% (up from 22% in 1Q 2025). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Upcoming Dividend • Apr 12
Upcoming dividend of NT$10.75 per share Eligible shareholders must have bought the stock before 16 April 2026. Payment date: 12 May 2026. Payout ratio is on the higher end at 94%, however this is supported by cash flows. Trailing yield: 5.6%. Within top quartile of Taiwanese dividend payers (5.1%). In line with average of industry peers (5.6%). Declared Dividend • Mar 29
Dividend reduced to NT$10.75 Dividend of NT$10.75 is 25% lower than last year. Ex-date: 16th April 2026 Payment date: 12th May 2026 Dividend yield will be 5.8%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is not adequately covered by earnings (94% earnings payout ratio). However, it is covered by cash flows (62% cash payout ratio). The dividend has increased by an average of 2.1% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 4.5% to bring the payout ratio under control. However, EPS is expected to remain steady over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio. Announcement • Mar 10
Formosa International Hotels Corporation, Annual General Meeting, Jun 16, 2026 Formosa International Hotels Corporation, Annual General Meeting, Jun 16, 2026. Location: 4 floor no,3 ln.39, sec.2 chung shan n. rd., taipei city Taiwan Reported Earnings • Mar 10
Full year 2025 earnings released: EPS: NT$11.42 (vs NT$10.57 in FY 2024) Full year 2025 results: EPS: NT$11.42 (up from NT$10.57 in FY 2024). Revenue: NT$6.83b (up 8.5% from FY 2024). Net income: NT$1.46b (up 8.1% from FY 2024). Profit margin: 21% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 11
Third quarter 2025 earnings released: EPS: NT$2.33 (vs NT$1.74 in 3Q 2024) Third quarter 2025 results: EPS: NT$2.33 (up from NT$1.74 in 3Q 2024). Revenue: NT$1.57b (up 8.5% from 3Q 2024). Net income: NT$296.6m (up 34% from 3Q 2024). Profit margin: 19% (up from 15% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.7% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Hospitality industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 12
Second quarter 2025 earnings: EPS and revenues miss analyst expectations Second quarter 2025 results: EPS: NT$2.44 (up from NT$2.32 in 2Q 2024). Revenue: NT$1.58b (up 14% from 2Q 2024). Net income: NT$311.5m (up 5.5% from 2Q 2024). Profit margin: 20% (down from 21% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.7%. Earnings per share (EPS) also missed analyst estimates by 12%. Revenue is forecast to grow 4.5% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Hospitality industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 5% per year. Reported Earnings • May 16
First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2025 results: EPS: NT$3.16 (down from NT$3.34 in 1Q 2024). Revenue: NT$1.86b (up 6.2% from 1Q 2024). Net income: NT$402.2m (down 5.3% from 1Q 2024). Profit margin: 22% (down from 24% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.4%. Earnings per share (EPS) missed analyst estimates by 1.3%. Revenue is forecast to grow 6.2% p.a. on average during the next 2 years, compared to a 5.9% growth forecast for the Hospitality industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Announcement • May 06
Formosa International Hotels Corporation to Report Q1, 2025 Results on May 13, 2025 Formosa International Hotels Corporation announced that they will report Q1, 2025 results on May 13, 2025 Price Target Changed • Apr 26
Price target decreased by 22% to NT$192 Down from NT$245, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of NT$194. Stock is down 14% over the past year. The company is forecast to post earnings per share of NT$11.64 for next year compared to NT$10.57 last year. Upcoming Dividend • Apr 10
Upcoming dividend of NT$14.36 per share Eligible shareholders must have bought the stock before 17 April 2025. Payment date: 13 May 2025. The company is paying out more than 100% of its profits and is paying out 89% of its cash flow. Trailing yield: 7.0%. Within top quartile of Taiwanese dividend payers (6.1%). Higher than average of industry peers (5.0%). Buy Or Sell Opportunity • Apr 07
Now 25% undervalued Over the last 90 days, the stock has risen 2.1% to NT$194. The fair value is estimated to be NT$260, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has declined by 13%. Revenue is forecast to grow by 13% in 2 years. Earnings are forecast to grow by 24% in the next 2 years. Reported Earnings • Mar 13
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: NT$10.57 (down from NT$11.11 in FY 2023). Revenue: NT$6.30b (down 6.9% from FY 2023). Net income: NT$1.35b (down 4.9% from FY 2023). Profit margin: 21% (in line with FY 2023). Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 1.6%. Revenue is forecast to grow 6.7% p.a. on average during the next 2 years, compared to a 7.0% growth forecast for the Hospitality industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Announcement • Mar 11
Formosa International Hotels Corporation, Annual General Meeting, Jun 19, 2025 Formosa International Hotels Corporation, Annual General Meeting, Jun 19, 2025. Location: 4 floor no,3 ln.39, sec.2 chung shan n. rd., taipei city Taiwan Buy Or Sell Opportunity • Feb 18
Now 20% undervalued Over the last 90 days, the stock has risen 1.3% to NT$196. The fair value is estimated to be NT$245, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has declined by 17%. Revenue is forecast to grow by 11% in 2 years. Earnings are forecast to grow by 19% in the next 2 years. Reported Earnings • Nov 15
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: EPS: NT$1.74 (down from NT$2.31 in 3Q 2023). Revenue: NT$1.45b (down 11% from 3Q 2023). Net income: NT$221.8m (down 25% from 3Q 2023). Profit margin: 15% (down from 18% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 8.7%. Earnings per share (EPS) also missed analyst estimates by 31%. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Hospitality industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Announcement • Nov 02
Formosa International Hotels Corporation to Report Q3, 2024 Results on Nov 11, 2024 Formosa International Hotels Corporation announced that they will report Q3, 2024 results on Nov 11, 2024 Reported Earnings • Aug 14
Second quarter 2024 earnings: EPS and revenues miss analyst expectations Second quarter 2024 results: EPS: NT$2.32 (down from NT$2.70 in 2Q 2023). Revenue: NT$1.39b (down 13% from 2Q 2023). Net income: NT$295.3m (down 14% from 2Q 2023). Profit margin: 21% (in line with 2Q 2023). Revenue missed analyst estimates by 9.5%. Earnings per share (EPS) also missed analyst estimates by 6.7%. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Hospitality industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Announcement • Aug 09
Formosa International Hotels Corporation to Report Q2, 2024 Results on Aug 12, 2024 Formosa International Hotels Corporation announced that they will report Q2, 2024 results on Aug 12, 2024 Declared Dividend • Jun 05
Dividend of NT$11.38 announced Shareholders will receive a dividend of NT$11.38. Ex-date: 20th June 2024 Payment date: 11th July 2024 Dividend yield will be 5.1%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is not adequately covered by earnings (98% earnings payout ratio) nor is it covered by cash flows (179% cash payout ratio). The dividend has increased by an average of 5.1% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 9.0% to bring the payout ratio under control. EPS is expected to grow by 14% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Buy Or Sell Opportunity • May 09
Now 21% undervalued Over the last 90 days, the stock has risen 9.7% to NT$237. The fair value is estimated to be NT$301, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has declined by 3.5%. Revenue is forecast to grow by 7.0% in a year. Earnings are forecast to grow by 8.0% in the next year. Reported Earnings • May 04
First quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2024 results: EPS: NT$3.33 (up from NT$2.84 in 1Q 2023). Revenue: NT$1.75b (flat on 1Q 2023). Net income: NT$424.8m (up 18% from 1Q 2023). Profit margin: 24% (up from 21% in 1Q 2023). Revenue missed analyst estimates by 5.4%. Earnings per share (EPS) exceeded analyst estimates by 3.1%. Revenue is forecast to grow 5.3% p.a. on average during the next 2 years, compared to a 7.2% growth forecast for the Hospitality industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Announcement • Apr 28
Formosa International Hotels Corporation to Report Q1, 2024 Results on May 03, 2024 Formosa International Hotels Corporation announced that they will report Q1, 2024 results on May 03, 2024 New Risk • Mar 14
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 102% Cash payout ratio: 91% Dividend yield: 5.1% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Reported Earnings • Mar 13
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: NT$11.11 (up from NT$7.09 in FY 2022). Revenue: NT$6.77b (up 21% from FY 2022). Net income: NT$1.42b (up 57% from FY 2022). Profit margin: 21% (up from 16% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.6%. Revenue is forecast to grow 5.4% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Hospitality industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Jan 12
Price target decreased by 23% to NT$229 Down from NT$297, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of NT$224. Stock is down 11% over the past year. The company is forecast to post earnings per share of NT$10.83 for next year compared to NT$7.09 last year. Reported Earnings • Aug 13
Second quarter 2023 earnings released: EPS: NT$2.70 (vs NT$0.69 in 2Q 2022) Second quarter 2023 results: EPS: NT$2.70 (up from NT$0.69 in 2Q 2022). Revenue: NT$1.60b (up 53% from 2Q 2022). Net income: NT$343.8m (up 290% from 2Q 2022). Profit margin: 22% (up from 8.5% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Hospitality industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Buying Opportunity • Jun 21
Now 21% undervalued Over the last 90 days, the stock is up 2.3%. The fair value is estimated to be NT$362, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.0% over the last 3 years. Earnings per share has grown by 14%. Revenue is forecast to grow by 36% in 2 years. Earnings is forecast to grow by 120% in the next 2 years. Upcoming Dividend • Jun 13
Upcoming dividend of NT$9.01 per share at 3.0% yield Eligible shareholders must have bought the stock before 20 June 2023. Payment date: 13 July 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 3.0%. Lower than top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (1.9%). Announcement • Jun 03
Formosa International Hotels Corporation Announces Cash Dividend for the Year 2022, Payable on July 13, 2023 Formosa International Hotels Corporation announced cash dividend TWD 1,147,559,186, each common share is entitled to receive TWD 9.0073, payable on July 13, 2023, with record date of June 30, 2023 and ex-dividend of June 20, 2023. . Reported Earnings • Mar 22
Full year 2022 earnings released: EPS: NT$7.09 (vs NT$17.09 in FY 2021) Full year 2022 results: EPS: NT$7.09 (down from NT$17.09 in FY 2021). Revenue: NT$5.60b (up 14% from FY 2021). Net income: NT$902.9m (down 59% from FY 2021). Profit margin: 16% (down from 44% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Nov 30
Investor sentiment improved over the past week After last week's 21% share price gain to NT$237, the stock trades at a trailing P/E ratio of 33.6x. Average trailing P/E is 29x in the Hospitality industry in Taiwan. Total returns to shareholders of 60% over the past three years. Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: NT$2.07 (vs NT$11.80 in 3Q 2021) Third quarter 2022 results: EPS: NT$2.07 (down from NT$11.80 in 3Q 2021). Revenue: NT$1.47b (up 46% from 3Q 2021). Net income: NT$263.6m (down 83% from 3Q 2021). Profit margin: 18% (down from 149% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director David Chang was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 13
Third quarter 2022 earnings released: EPS: NT$2.07 (vs NT$11.80 in 3Q 2021) Third quarter 2022 results: EPS: NT$2.07 (down from NT$11.80 in 3Q 2021). Revenue: NT$1.47b (up 46% from 3Q 2021). Net income: NT$263.6m (down 83% from 3Q 2021). Profit margin: 18% (down from 149% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 10
Second quarter 2022 earnings: EPS and revenues miss analyst expectations Second quarter 2022 results: EPS: NT$0.69 (down from NT$0.87 in 2Q 2021). Revenue: NT$1.04b (up 1.5% from 2Q 2021). Net income: NT$88.2m (down 21% from 2Q 2021). Profit margin: 8.5% (down from 11% in 2Q 2021). Revenue missed analyst estimates by 26%. Earnings per share (EPS) also missed analyst estimates by 64%. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Aug 09
Formosa International Hotels Corporation Announces Executive Changes Formosa International Hotels Corporation announced executive changes. Type of personnel changed: Financial Officer, Accounting Officer and Spokesperson. .Date of occurrence of the change: August 8, 2022. Name, title, and resume of the previous position holder: Lin, Ming-Yuea /FIHC Group CFO. Name, title, and resume of the new position holder: Financial Officer, Spokesperson: Wu, Shang-Fei /FIHC Group CFO Accounting Officer:Tsao, Chien-Nan /Financial Controller. Reason for the change: retirement. Effective date: Financial Officer and Spokesperson: July 1, 2022. Accounting Officer: July 27, 2022. New financial officer and spokesperson was announced on July 1, 2022 and ratified by the resolution of board of directors on August 8, 2022. New accounting officer was announced on July 27, 2022 and ratified by the resolution of board of directors on August 8, 2022. Announcement • Jul 02
Formosa International Hotels Corporation Announces Executive Changes Formosa International Hotels Corporation announced that name, title, and resume of the previous position holder is Lin, Ming-Yuea /FIHC Group CFO. Name, title, and resume of the new position holder Wu, Shang-Fei /Sanlih Media Group CFO. Effective date is July 1, 2022. Upcoming Dividend • Jun 09
Upcoming dividend of NT$12.39 per share Eligible shareholders must have bought the stock before 16 June 2022. Payment date: 07 July 2022. Payout ratio is a comfortable 73% but the company is paying out more than the cash it is generating. Trailing yield: 6.9%. Within top quartile of Taiwanese dividend payers (6.0%). Higher than average of industry peers (3.6%). Announcement • May 28
Formosa International Hotels Corporation Announces Cash Dividend for the Year 2021, Payable on July 7, 2022 Formosa International Hotels Corporation announced cash dividend TWD 1,578,844,627, each common share is entitled to receive TWD 12.3925, payable on July 7, 2022, with record date of June 14, 2022 and ex-dividend of June 16, 2022. Reported Earnings • May 11
First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2022 results: EPS: NT$1.97 (down from NT$2.11 in 1Q 2021). Revenue: NT$1.42b (down 8.1% from 1Q 2021). Net income: NT$251.4m (down 6.3% from 1Q 2021). Profit margin: 18% (in line with 1Q 2021). Revenue missed analyst estimates by 3.7%. Earnings per share (EPS) exceeded analyst estimates by 17%. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director David Chang was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Mar 31
Formosa International Hotels Corporation, Annual General Meeting, Jun 14, 2022 Formosa International Hotels Corporation, Annual General Meeting, Jun 14, 2022. Reported Earnings • Nov 17
Third quarter 2021 earnings released: EPS NT$11.80 (vs NT$1.59 in 3Q 2020) Third quarter 2021 results: Revenue: NT$1.01b (down 33% from 3Q 2020). Net income: NT$1.50b (up NT$1.30b from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 16
Upcoming dividend of NT$4.39 per share Eligible shareholders must have bought the stock before 23 September 2021. Payment date: 15 October 2021. Trailing yield: 3.1%. Lower than top quartile of Taiwanese dividend payers (5.3%). In line with average of industry peers (3.3%). Reported Earnings • Aug 11
Second quarter 2021 earnings released: EPS NT$0.87 (vs NT$0.69 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$1.03b (up 1.5% from 2Q 2020). Net income: NT$110.8m (up 26% from 2Q 2020). Profit margin: 11% (up from 8.7% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Reported Earnings • May 15
First quarter 2021 earnings released: EPS NT$2.11 (vs NT$1.16 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$1.55b (up 14% from 1Q 2020). Net income: NT$268.4m (up 82% from 1Q 2020). Profit margin: 17% (up from 11% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 23
Full year 2020 earnings released: EPS NT$5.18 (vs NT$10.58 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$5.42b (down 17% from FY 2019). Net income: NT$660.1m (down 51% from FY 2019). Profit margin: 12% (down from 21% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Feb 22
New 90-day high: NT$148 The company is up 7.0% from its price of NT$138 on 24 November 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Hospitality industry, which is down 3.0% over the same period. Is New 90 Day High Low • Nov 10
New 90-day high: NT$141 The company is up 6.0% from its price of NT$132 on 12 August 2020. The Taiwanese market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is flat over the same period. Reported Earnings • Nov 03
Third quarter 2020 earnings released: EPS NT$1.59 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$1.49b (down 7.4% from 3Q 2019). Net income: NT$202.3m (down 28% from 3Q 2019). Profit margin: 14% (down from 17% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 6% per year. Is New 90 Day High Low • Oct 21
New 90-day low: NT$129 The company is down 10.0% from its price of NT$143 on 23 July 2020. The Taiwanese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is down 4.0% over the same period. Is New 90 Day High Low • Sep 24
New 90-day low: NT$130 The company is down 15% from its price of NT$152 on 24 June 2020. The Taiwanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is down 6.0% over the same period. 
