Reported Earnings • May 20
First quarter 2026 earnings released: EPS: NT$0.03 (vs NT$2.43 in 1Q 2025) First quarter 2026 results: EPS: NT$0.03 (down from NT$2.43 in 1Q 2025). Revenue: NT$1.98b (flat on 1Q 2025). Net income: NT$2.12m (down 99% from 1Q 2025). Profit margin: 0.1% (down from 8.2% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. New Risk • May 15
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$2.89b (US$91.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (3.5% net profit margin). Market cap is less than US$100m (NT$2.89b market cap, or US$91.7m). Valuation Update With 7 Day Price Move • May 15
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to NT$41.20, the stock trades at a trailing P/E ratio of 10.1x. Average trailing P/E is 18x in the Luxury industry in Taiwan. Total loss to shareholders of 43% over the past three years. Reported Earnings • Mar 17
Full year 2025 earnings released: EPS: NT$4.18 (vs NT$11.12 in FY 2024) Full year 2025 results: EPS: NT$4.18 (down from NT$11.12 in FY 2024). Revenue: NT$8.10b (down 2.9% from FY 2024). Net income: NT$287.1m (down 61% from FY 2024). Profit margin: 3.5% (down from 8.9% in FY 2024). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 17% per year whereas the company’s share price has fallen by 13% per year. Announcement • Mar 16
WW Holding Inc., Annual General Meeting, Jun 12, 2026 WW Holding Inc., Annual General Meeting, Jun 12, 2026. Location: 2 floor no,177, liao ning st., jhongshan district, taipei city Taiwan Buy Or Sell Opportunity • Feb 10
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 6.0% to NT$68.80. The fair value is estimated to be NT$86.56, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 6.7%. Buy Or Sell Opportunity • Dec 03
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 8.3% to NT$71.80. The fair value is estimated to be NT$90.57, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 6.7%. Reported Earnings • Nov 18
Third quarter 2025 earnings released: EPS: NT$1.00 (vs NT$2.09 in 3Q 2024) Third quarter 2025 results: EPS: NT$1.00 (down from NT$2.09 in 3Q 2024). Revenue: NT$1.94b (down 15% from 3Q 2024). Net income: NT$70.3m (down 50% from 3Q 2024). Profit margin: 3.6% (down from 6.2% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 3% per year. Reported Earnings • Aug 31
Second quarter 2025 earnings: EPS and revenues miss analyst expectations Second quarter 2025 results: EPS: NT$0.03 (down from NT$3.71 in 2Q 2024). Revenue: NT$1.97b (down 12% from 2Q 2024). Net income: NT$2.52m (down 99% from 2Q 2024). Profit margin: 0.1% (down from 11% in 2Q 2024). Revenue missed analyst estimates by 17%. Earnings per share (EPS) also missed analyst estimates by 98%. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 3% per year. Upcoming Dividend • Jul 07
Upcoming dividend of NT$6.41 per share Eligible shareholders must have bought the stock before 14 July 2025. Payment date: 08 August 2025. Payout ratio is a comfortable 60% but the company is not cash flow positive. Trailing yield: 7.6%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (4.5%). Announcement • Jun 20
WW Holding Inc. Announces Retirement of Yung-Yuh Hong as Chief Executive Officer, Effective June 18, 2025 WW Holding Inc. announced the retirement of Yung-Yuh Hong from his position as Chief Executive Officer, effective June 18, 2025. The reason for his retirement is personal career planning. There is no new position holder announced. New Risk • May 15
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 25% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (25% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Board Change • May 13
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 1 highly experienced director. 3 independent directors (5 non-independent directors). Independent Director Jun-Kai Huang was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • May 01
WW Holding Inc. to Report Q1, 2025 Results on May 08, 2025 WW Holding Inc. announced that they will report Q1, 2025 results on May 08, 2025 Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to NT$77.00, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 13x in the Luxury industry in Taiwan. Total returns to shareholders of 74% over the past three years. Reported Earnings • Mar 21
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: NT$11.12 (up from NT$10.07 in FY 2023). Revenue: NT$8.34b (up 5.3% from FY 2023). Net income: NT$743.7m (up 21% from FY 2023). Profit margin: 8.9% (up from 7.8% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 8.1%. Over the last 3 years on average, earnings per share has increased by 31% per year whereas the company’s share price has increased by 28% per year. Announcement • Mar 01
WW Holding Inc. to Report Q4, 2024 Results on Mar 06, 2025 WW Holding Inc. announced that they will report Q4, 2024 results on Mar 06, 2025 Buy Or Sell Opportunity • Jan 10
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 14% to NT$94.30. The fair value is estimated to be NT$118, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Nov 17
Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2024 results: EPS: NT$2.09 (down from NT$3.71 in 3Q 2023). Revenue: NT$2.27b (up 7.6% from 3Q 2023). Net income: NT$140.4m (down 38% from 3Q 2023). Profit margin: 6.2% (down from 11% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 5.0%. Earnings per share (EPS) missed analyst estimates by 37%. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth. Announcement • Nov 09
Ww Holding Inc. Announces Appointment of Wei-Chien, Hung as Chief Operating Officer WW Holding Inc. announced New Chief Operating Officer. Name, title, and resume of the new position holder: Wei-Chien, Hung COO /Takeda Pharmaceuticals Manager. Reason for the change:new replacement. Effective date is November 8, 2024. Announcement • Nov 01
WW Holding Inc. to Report Q3, 2024 Results on Nov 08, 2024 WW Holding Inc. announced that they will report Q3, 2024 results on Nov 08, 2024 Reported Earnings • Aug 30
Second quarter 2024 earnings released: EPS: NT$3.71 (vs NT$2.94 in 2Q 2023) Second quarter 2024 results: EPS: NT$3.71 (up from NT$2.94 in 2Q 2023). Revenue: NT$2.24b (up 1.6% from 2Q 2023). Net income: NT$248.4m (up 39% from 2Q 2023). Profit margin: 11% (up from 8.1% in 2Q 2023). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 45% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Aug 28
Upcoming dividend of NT$5.26 per share Eligible shareholders must have bought the stock before 04 September 2024. Payment date: 26 September 2024. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 4.6%. Within top quartile of Taiwanese dividend payers (4.3%). Higher than average of industry peers (3.1%). Announcement • Aug 10
WW Holding Inc. Announces Cash Dividends, Payable on September 26, 2024 WW Holding Inc. announced total cash dividends on ordinary shares of TWD 352,434,651. Ex-rights (ex-dividend) trading date: September 04, 2024. Ex-rights (ex-dividend) record date: September 10, 2024. Payment date of common stock cash dividend distribution: September 26, 2024. Announcement • Aug 09
WW Holding Inc. Approves Establishment of Sustainability Development Committee and Appointment of its Members WW Holding Inc. announced that the Board of Directors has approved the establishment of the Sustainability Development Committee and the appointment of its members. Name and Resume of the new position holder: Ling Wang /Chief Corporate Governance Officer of the Company; Pu-Yang Liu /Independent Director of the Company; Hsing-Chu Wu /Independent Director of the Company; Chun-Kai Huang /Independent Director of the Company and Chang-Hsiang Chou /General Manager of Ruisz Management Consulting Co. Ltd. Effective date of the new member is August 8, 2024. Announcement • Aug 01
WW Holding Inc. to Report Q2, 2024 Results on Aug 08, 2024 WW Holding Inc. announced that they will report Q2, 2024 results on Aug 08, 2024 Buy Or Sell Opportunity • Jul 08
Now 21% overvalued Over the last 90 days, the stock has fallen 8.3% to NT$110. The fair value is estimated to be NT$90.96, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • May 18
First quarter 2024 earnings released: EPS: NT$2.67 (vs NT$1.40 in 1Q 2023) First quarter 2024 results: EPS: NT$2.67 (up from NT$1.40 in 1Q 2023). Revenue: NT$1.81b (up 5.3% from 1Q 2023). Net income: NT$177.0m (up 110% from 1Q 2023). Profit margin: 9.8% (up from 4.9% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has only increased by 47% per year, which means it is significantly lagging earnings growth. Announcement • May 01
WW Holding Inc. to Report Q1, 2024 Results on May 07, 2024 WW Holding Inc. announced that they will report Q1, 2024 results on May 07, 2024 Announcement • Mar 23
WW Holding Inc., Annual General Meeting, Jun 14, 2024 WW Holding Inc., Annual General Meeting, Jun 14, 2024. Reported Earnings • Mar 21
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: EPS: NT$10.07 (down from NT$10.61 in FY 2022). Revenue: NT$7.92b (down 7.2% from FY 2022). Net income: NT$616.6m (down 3.1% from FY 2022). Profit margin: 7.8% (up from 7.5% in FY 2022). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) exceeded analyst estimates by 8.6%. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 44% per year, which means it is significantly lagging earnings growth. Announcement • Mar 13
WW Holding Inc. Approves Cash Dividend for the Year Ended December 31, 2023 WW Holding Inc. announced Board of Directors approved cash dividend of TWD 5.3 per share for the year ended December 31, 2023. Total amount of cash distributed to shareholders of TWD 352,434,651. Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$124, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 17x in the Luxury industry in Taiwan. Total returns to shareholders of 209% over the past three years. Valuation Update With 7 Day Price Move • Nov 24
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to NT$106, the stock trades at a trailing P/E ratio of 10.8x. Average trailing P/E is 23x in the Luxury industry in Taiwan. Total returns to shareholders of 153% over the past three years. Reported Earnings • Nov 15
Third quarter 2023 earnings released: EPS: NT$3.71 (vs NT$3.42 in 3Q 2022) Third quarter 2023 results: EPS: NT$3.71 (up from NT$3.42 in 3Q 2022). Revenue: NT$2.11b (down 8.9% from 3Q 2022). Net income: NT$226.5m (up 10% from 3Q 2022). Profit margin: 11% (up from 8.9% in 3Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. New Risk • Oct 18
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 8.9% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (8.9% increase in shares outstanding). Reported Earnings • Aug 31
Second quarter 2023 earnings released: EPS: NT$2.94 (vs NT$3.59 in 2Q 2022) Second quarter 2023 results: EPS: NT$2.94 (down from NT$3.59 in 2Q 2022). Revenue: NT$2.20b (down 7.3% from 2Q 2022). Net income: NT$179.0m (down 17% from 2Q 2022). Profit margin: 8.1% (down from 9.1% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Aug 08
Upcoming dividend of NT$4.95 per share at 6.0% yield Eligible shareholders must have bought the stock before 15 August 2023. Payment date: 05 September 2023. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 6.0%. Within top quartile of Taiwanese dividend payers (5.4%). Higher than average of industry peers (4.3%). Announcement • Jul 23
WW Holding Inc. Announces Cash Dividend on Ordinary Shares, Payable on September 5, 2023 WW Holding Inc. announced total cash dividends on ordinary shares of TWD 301,168,420. Ex-rights (ex-dividend) trading date is August 15, 2023. Ex-rights (ex-dividend) record date is August 21, 2023. The payment date of cash dividend distribution is September 5, 2023. New Risk • Jul 13
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 6.2% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining 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 31
Full year 2022 earnings released: EPS: NT$10.61 (vs NT$1.26 in FY 2021) Full year 2022 results: EPS: NT$10.61 (up from NT$1.26 in FY 2021). Revenue: NT$8.54b (up 58% from FY 2021). Net income: NT$636.3m (up NT$561.0m from FY 2021). Profit margin: 7.5% (up from 1.4% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Nov 29
Upcoming dividend of NT$1.00 per share Eligible shareholders must have bought the stock before 06 December 2022. Payment date: 27 December 2022. Trailing yield: 1.3%. Lower than top quartile of Taiwanese dividend payers (6.9%). Lower than average of industry peers (4.0%). 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 Jun-Kai Huang was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Nov 11
Ww Holding Inc. Announces Cash Dividend, Payable on December 27, 2022 WW Holding Inc. announced the appropriations of earnings in cash dividends to shareholders of TWD 1 per share. Total amount of cash distributed to shareholders is TWD 59,999,682. Cash dividend distribution date is December 27, 2022. Ex-rights (ex-dividend) record date is December 12, 2022. Ex-rights (ex-dividend) trading date is December 6, 2022. Reported Earnings • Sep 02
Second quarter 2022 earnings: EPS and revenues exceed analyst expectations Second quarter 2022 results: EPS: NT$3.59 (up from NT$1.00 in 2Q 2021). Revenue: NT$2.37b (up 67% from 2Q 2021). Net income: NT$215.2m (up 258% from 2Q 2021). Profit margin: 9.1% (up from 4.2% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 18%. Earnings per share (EPS) also surpassed analyst estimates by 88%. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Reported Earnings • May 17
First quarter 2022 earnings: EPS exceeds analyst expectations First quarter 2022 results: EPS: NT$1.08 (up from NT$0.75 loss in 1Q 2021). Revenue: NT$1.72b (up 48% from 1Q 2021). Net income: NT$64.8m (up NT$109.7m from 1Q 2021). Profit margin: 3.8% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 8.0%. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. 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 Puyang Liu was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 01
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: NT$1.26 (up from NT$2.56 loss in FY 2020). Revenue: NT$5.40b (up 44% from FY 2020). Net income: NT$75.3m (up NT$228.7m from FY 2020). Profit margin: 1.4% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Over the next year, revenue is forecast to grow 29%, compared to a 17% growth forecast for the industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 16
Third quarter 2021 earnings released: EPS NT$0.04 (vs NT$0.69 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$1.26b (up 50% from 3Q 2020). Net income: NT$2.18m (up NT$43.8m from 3Q 2020). Profit margin: 0.2% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 59 percentage points per year, which is a significant difference in performance. Reported Earnings • Sep 01
Second quarter 2021 earnings released: EPS NT$1.00 (vs NT$0.43 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$1.42b (up 57% from 2Q 2020). Net income: NT$60.1m (up NT$85.9m from 2Q 2020). Profit margin: 4.2% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Reported Earnings • May 17
First quarter 2021 earnings released: NT$0.75 loss per share (vs NT$0.23 profit in 1Q 2020) The company reported a soft first quarter result with weaker earnings and weaker control over costs, although revenues improved. First quarter 2021 results: Revenue: NT$1.16b (up 1.8% from 1Q 2020). Net loss: NT$44.9m (down 424% from profit in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 13% per year. Reported Earnings • Apr 01
Full year 2020 earnings released: NT$2.56 loss per share (vs NT$4.20 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: NT$3.74b (down 42% from FY 2019). Net loss: NT$153.4m (down 172% from profit in FY 2019). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Feb 18
New 90-day low: NT$43.65 The company is down 5.0% from its price of NT$45.85 on 20 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Luxury industry, which is also down 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$170 per share. Is New 90 Day High Low • Feb 03
New 90-day low: NT$44.90 The company is down 4.0% from its price of NT$47.00 on 05 November 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$178 per share. Is New 90 Day High Low • Dec 18
New 90-day high: NT$50.00 The company is up 6.0% from its price of NT$47.00 on 18 September 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Luxury industry, which is up 4.0% over the same period. Upcoming Dividend • Nov 23
Upcoming Dividend of NT$0.30 Per Share Will be paid on the 24th of December to those who are registered shareholders by the 30th of November. The trailing yield of 0.7% is below the top quartile of Taiwanese dividend payers (5.3%), and is lower than industry peers (3.5%). Reported Earnings • Nov 14
Third quarter 2020 earnings released: NT$0.69 loss per share The company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: NT$842.9m (down 50% from 3Q 2019). Net loss: NT$41.6m (down 157% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.