Valuation Update With 7 Day Price Move • Jun 16
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$19.80, the stock trades at a trailing P/E ratio of 4.8x. Average trailing P/E is 14x in the Real Estate industry in Taiwan. Total returns to shareholders of 55% over the past three years. Reported Earnings • May 19
First quarter 2026 earnings released: EPS: NT$2.56 (vs NT$0.079 loss in 1Q 2025) First quarter 2026 results: EPS: NT$2.56 (up from NT$0.079 loss in 1Q 2025). Revenue: NT$2.29b (up NT$2.26b from 1Q 2025). Net income: NT$830.6m (up NT$856.5m from 1Q 2025). Profit margin: 36% (up from net loss in 1Q 2025). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 74% 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 • Mar 13
Full year 2025 earnings released: EPS: NT$1.52 (vs NT$1.15 in FY 2024) Full year 2025 results: EPS: NT$1.52 (up from NT$1.15 in FY 2024). Revenue: NT$1.79b (down 12% from FY 2024). Net income: NT$494.2m (up 32% from FY 2024). Profit margin: 28% (up from 19% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Announcement • Mar 05
San Far Property Limited, Annual General Meeting, May 27, 2026 San Far Property Limited, Annual General Meeting, May 27, 2026. Location: 16 floor no,98, yen ch`ang rd., sinyi district, taipei city Taiwan Reported Earnings • Nov 18
Third quarter 2025 earnings released: NT$0.05 loss per share (vs NT$0.082 profit in 3Q 2024) Third quarter 2025 results: NT$0.05 loss per share (down from NT$0.082 profit in 3Q 2024). Revenue: NT$30.5m (down 88% from 3Q 2024). Net loss: NT$17.6m (down 166% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 12% per year. Reported Earnings • Aug 15
Second quarter 2025 earnings released: NT$0.19 loss per share (vs NT$0.44 profit in 2Q 2024) Second quarter 2025 results: NT$0.19 loss per share (down from NT$0.44 profit in 2Q 2024). Revenue: NT$32.3m (down 96% from 2Q 2024). Net loss: NT$61.8m (down 143% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Declared Dividend • Aug 14
Dividend increased to NT$1.04 Dividend of NT$1.04 is 49% higher than last year. Ex-date: 28th August 2025 Payment date: 17th September 2025 Dividend yield will be 5.1%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is not covered by earnings (109% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 3.6% per year over the past 9 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 21% to bring the payout ratio under control. However, EPS has declined by 23% over the last 5 years so the company would need to reverse this trend. Reported Earnings • May 15
First quarter 2025 earnings released: NT$0.08 loss per share (vs NT$0.12 profit in 1Q 2024) First quarter 2025 results: NT$0.08 loss per share (down from NT$0.12 profit in 1Q 2024). Revenue: NT$30.2m (down 90% from 1Q 2024). Net loss: NT$26.0m (down 164% from profit in 1Q 2024). 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 17% per year, which means it is significantly lagging earnings growth. Announcement • May 06
San Far Property Limited to Report Q1, 2025 Results on May 13, 2025 San Far Property Limited announced that they will report Q1, 2025 results on May 13, 2025 Announcement • Apr 16
San Far Property Limited Announces Cash Dividend for the Year 2024 San Far Property Limited announced cash dividend of TWD 1.03 per shares for the year 2024. Total amount of cash distributed to shareholders TWD 337,784,683. New Risk • Apr 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (8.9% operating cash flow to total debt). Earnings have declined by 44% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.9% average weekly change). Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to NT$18.40, the stock trades at a trailing P/E ratio of 16x. Average trailing P/E is 12x in the Real Estate industry in Taiwan. Total returns to shareholders of 53% over the past three years. Announcement • Mar 04
San Far Property Limited Announces to Establish A Review Committee San Far Property Limited convened a Board meeting on March 3, 2025, and approved the establishment of a Review Committee. Due to a vacancy of one independent director, the Board appointed Mr. Wei Zhongjie to join independent directors Mr. Wu Yen-Feng and Ms. Chang Ling-Ling in forming the committee. Mr. Wu was elected as Chairman. The committee will review the tender offerors identity, financial status, offer fairness, and funding reasonableness, with results announced as required by law. The Company appointed CPA Wu Ming-Yi from REANDA ASSETS VALUATION CO., LTD. as an independent expert to issue an opinion report, which will be discussed at the next Review Committee meeting. Cause of occurrence: The Company received on Feb. 26, 2025, the Tender Offer Report, Tender Offer Prospectus, and related documents from Allmind Holdings Co. In accordance with legal requirements, a Review Committee shall be established. Reported Earnings • Mar 03
Full year 2024 earnings released: EPS: NT$1.15 (vs NT$0.27 in FY 2023) Full year 2024 results: EPS: NT$1.15 (up from NT$0.27 in FY 2023). Revenue: NT$2.03b (up 111% from FY 2023). Net income: NT$375.3m (up 322% from FY 2023). Profit margin: 19% (up from 9.2% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 26
San Far Property Limited, Annual General Meeting, May 27, 2025 San Far Property Limited, Annual General Meeting, May 27, 2025. Location: 16 floor no,98, yen ch`ang rd., sinyi district, taipei city Taiwan Announcement • Feb 18
San Far Property Limited to Report Fiscal Year 2024 Results on Feb 25, 2025 San Far Property Limited announced that they will report fiscal year 2024 results on Feb 25, 2025 Board Change • Jan 03
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. 4 experienced directors. 2 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Ling-Ling Chang was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 12
Third quarter 2024 earnings released: EPS: NT$0.08 (vs NT$0.055 loss in 3Q 2023) Third quarter 2024 results: EPS: NT$0.08 (up from NT$0.055 loss in 3Q 2023). Revenue: NT$251.5m (up 21% from 3Q 2023). Net income: NT$26.8m (up NT$44.8m from 3Q 2023). Profit margin: 11% (up from net loss in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Oct 18
New minor risk - Dividend sustainability The dividend is not well covered by earnings. Payout ratio: 254% Dividend yield: 1.7% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings 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. However, this risk is mitigated by the fact the dividend is covered by cash flows. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (7.3% operating cash flow to total debt). Earnings have declined by 57% per year over the past 5 years. Minor Risk Dividend is not well covered by earnings (254% payout ratio). Valuation Update With 7 Day Price Move • Sep 10
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to NT$32.00, the stock trades at a trailing P/E ratio of 43.1x. Average trailing P/E is 18x in the Real Estate industry in Taiwan. Total returns to shareholders of 132% over the past three years. Upcoming Dividend • Aug 29
Upcoming dividend of NT$0.70 per share Eligible shareholders must have bought the stock before 05 September 2024. Payment date: 30 September 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 1.1%. Lower than top quartile of Taiwanese dividend payers (4.3%). Lower than average of industry peers (2.7%). Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: NT$0.44 (vs NT$0.085 in 2Q 2023) Second quarter 2024 results: EPS: NT$0.44 (up from NT$0.085 in 2Q 2023). Revenue: NT$789.7m (up 233% from 2Q 2023). Net income: NT$144.5m (up 422% from 2Q 2023). Profit margin: 18% (up from 12% in 2Q 2023). The increase in margin was driven by higher revenue. 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 39% per year, which means it is well ahead of earnings. Declared Dividend • Aug 10
Dividend of NT$0.70 announced Shareholders will receive a dividend of NT$0.70. Ex-date: 5th September 2024 Payment date: 30th September 2024 Dividend yield will be 1.9%, which is lower than the industry average of 3.7%. Sustainability & Growth Dividend is not covered by earnings (254% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 182% to bring the payout ratio under control. However, EPS has declined by 31% over the last 5 years so the company would need to reverse this trend. Announcement • Aug 01
San Far Property Limited to Report Q2, 2024 Results on Aug 08, 2024 San Far Property Limited announced that they will report Q2, 2024 results on Aug 08, 2024 New Risk • Jun 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 56% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (6.7% average weekly change). Reported Earnings • May 19
First quarter 2024 earnings released: EPS: NT$0.12 (vs NT$0.011 in 1Q 2023) First quarter 2024 results: EPS: NT$0.12 (up from NT$0.011 in 1Q 2023). Revenue: NT$301.3m (up 91% from 1Q 2023). Net income: NT$40.3m (up NT$36.6m from 1Q 2023). Profit margin: 13% (up from 2.4% in 1Q 2023). The increase in margin was driven by higher revenue. 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 42% per year, which means it is well ahead of earnings. Announcement • May 02
San Far Property Limited to Report Q1, 2024 Results on May 08, 2024 San Far Property Limited announced that they will report Q1, 2024 results on May 08, 2024 Reported Earnings • Feb 27
Full year 2023 earnings released: EPS: NT$0.27 (vs NT$0.43 in FY 2022) Full year 2023 results: EPS: NT$0.27 (down from NT$0.43 in FY 2022). Revenue: NT$963.1m (down 58% from FY 2022). Net income: NT$88.9m (down 36% from FY 2022). Profit margin: 9.2% (up from 6.1% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Announcement • Feb 21
San Far Property Limited, Annual General Meeting, May 29, 2024 San Far Property Limited, Annual General Meeting, May 29, 2024. Location: 16F, No.98, Yanchang Rd., Xinyi Dist., Taipei City Taiwan Agenda: To report business report of 2023; to report Audit Committee's review of the 2023 Financial Statements; to report 2023 distribution of remuneration for directors and employees; to report cash dividend distribution report of 2023; to report Secured Corporate Bond Issuance Status of 2023; to report Related party transaction of 2023; to consider Amendment to the Company's Corporate Charter (Articles of Incorporation); and to consider other matters. Announcement • Feb 08
San Far Property Limited Announces the Resignation of Liu,Shu-Hung as General Manager, Effective from Feb. 29, 2024 San Far Property Limited announced the resignation of Liu,Shu-hung as General Manager. The effective date of resignation is Feb. 29, 2024. The new general manager Yang Tiquanhas been scheduled to make anannouncement after the 2024/03/01 board resolution passes the appointment. Announcement • Sep 22
San Far Property Limited Appoints Chin-Hao Lin as Chief Internal Auditor San Far Property Limited announced the resolution approved by board of directors on September 21, 2023 to approve the new chief internal auditor. The company appointed Chin-Hao Lin as chief internal auditor, effective September 21, 2023. Upcoming Dividend • Aug 18
Upcoming dividend of NT$0.43 per share at 3.1% yield Eligible shareholders must have bought the stock before 25 August 2023. Payment date: 20 September 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 3.1%. Lower than top quartile of Taiwanese dividend payers (5.6%). Lower than average of industry peers (4.5%). Announcement • Jul 01
San Far Property Limited Announces the Resignation of Huang, Kun-Tai as General Manager San Far Property Limited announced a change in General Manager, with effect after the resolution of the board of directors, the new general manager shall follow the relevant regulations of the company. Name of the previous position holder: Huang, Kun-Tai. Circumstances of change: resignation. Reason for the change: personal physical factors. Valuation Update With 7 Day Price Move • Apr 19
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$14.00, the stock trades at a trailing P/E ratio of 32.7x. Average trailing P/E is 17x in the Real Estate industry in Taiwan. Total returns to shareholders of 29% over the past three years. Reported Earnings • Mar 01
Full year 2022 earnings released: EPS: NT$0.43 (vs NT$0.68 in FY 2021) Full year 2022 results: EPS: NT$0.43 (down from NT$0.68 in FY 2021). Revenue: NT$2.27b (up 33% from FY 2021). Net income: NT$139.7m (down 37% from FY 2021). Profit margin: 6.1% (down from 13% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance. 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. 4 non-independent directors. Independent Director Yan-Fen Wu 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 12
Third quarter 2022 earnings released: EPS: NT$0.20 (vs NT$0.31 in 3Q 2021) Third quarter 2022 results: EPS: NT$0.20 (down from NT$0.31 in 3Q 2021). Revenue: NT$1.02b (up 43% from 3Q 2021). Net income: NT$66.3m (down 34% from 3Q 2021). Profit margin: 6.5% (down from 14% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Sep 14
Upcoming dividend of NT$0.68 per share Eligible shareholders must have bought the stock before 21 September 2022. Payment date: 14 October 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 4.9%. Lower than top quartile of Taiwanese dividend payers (6.5%). Lower than average of industry peers (6.0%). Reported Earnings • Aug 06
Second quarter 2022 earnings released: EPS: NT$0.05 (vs NT$0.12 in 2Q 2021) Second quarter 2022 results: EPS: NT$0.05 (down from NT$0.12 in 2Q 2021). Revenue: NT$784.5m (up 158% from 2Q 2021). Net income: NT$16.3m (down 60% from 2Q 2021). Profit margin: 2.1% (down from 13% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance. Announcement • Aug 05
San Far Property Limited Announces Cash Dividend, Payable on 14 October 2022 San Far Property Limited board of directors or shareholders held meeting on 3 August 2022 in which it declared Cash dividends to common share holders TWD 222,056,822 (TWD 0.68 per share). Scheduled dates as follows Ex-dividend date of 20 September 2022, record date of 27 September 2022 and Cash dividend payment date 14 October 2022. Reported Earnings • May 11
First quarter 2022 earnings released: EPS: NT$0.05 (vs NT$0.028 in 1Q 2021) First quarter 2022 results: EPS: NT$0.05 (up from NT$0.028 in 1Q 2021). Revenue: NT$209.4m (up 43% from 1Q 2021). Net income: NT$15.6m (up 67% from 1Q 2021). Profit margin: 7.4% (up from 6.4% in 1Q 2021). The increase in margin 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 63 percentage points per year, which is a significant difference in performance. Announcement • May 08
San Far Property Limited Appoints Hui-Chun,Wang as Accounting Officer San Far Property Limited announced the appointment of Hui-Chun,Wang, Mikobeaute International Financial Manager as accounting officer. The effective date is May 6, 2022. 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. Representative Director Fu-Hsing Li was the last director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 02
San Far Property Limited, Annual General Meeting, Jun 30, 2022 San Far Property Limited, Annual General Meeting, Jun 30, 2022. Reported Earnings • Apr 01
Full year 2021 earnings released: EPS: NT$0.68 (vs NT$0.54 in FY 2020) Full year 2021 results: EPS: NT$0.68 (up from NT$0.54 in FY 2020). Revenue: NT$1.72b (up 15% from FY 2020). Net income: NT$222.3m (up 22% from FY 2020). Profit margin: 13% (in line with FY 2020). Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Reported Earnings • Nov 15
Third quarter 2021 earnings released: EPS NT$0.31 (vs NT$0.11 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: NT$715.6m (up 164% from 3Q 2020). Net income: NT$100.7m (up 164% from 3Q 2020). Profit margin: 14% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 22
Upcoming dividend of NT$0.30 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 03 November 2021. Trailing yield: 1.8%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (4.5%). Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS NT$0.13 (vs NT$0.066 in 2Q 2020) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: NT$304.7m (down 23% from 2Q 2020). Net income: NT$40.7m (up 87% from 2Q 2020). Profit margin: 13% (up from 5.5% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Reported Earnings • May 16
First quarter 2021 earnings released: EPS NT$0.03 (vs NT$0.43 in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$146.0m (down 74% from 1Q 2020). Net income: NT$9.30m (down 94% from 1Q 2020). Profit margin: 6.4% (down from 26% in 1Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Reported Earnings • Mar 17
Full year 2020 earnings released: EPS NT$0.57 (vs NT$4.79 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$1.49b (down 71% from FY 2019). Net income: NT$183.0m (down 89% from FY 2019). Profit margin: 12% (down from 31% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 17% per year. Is New 90 Day High Low • Mar 16
New 90-day high: NT$16.40 The company is up 3.0% from a price of NT$15.95 on 16 December 2020. Underperformed the Taiwanese market, which is up 15% over the last 90 days. Lagged the Real Estate industry, which is up 7.0% over the same period. Announcement • Feb 05
San Far Property Limited, Annual General Meeting, Jun 23, 2021 San Far Property Limited, Annual General Meeting, Jun 23, 2021. Is New 90 Day High Low • Jan 27
New 90-day low: NT$14.10 The company is down 21% from its price of NT$17.94 on 29 October 2020. The Taiwanese market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is flat over the same period. Is New 90 Day High Low • Jan 11
New 90-day low: NT$15.60 The company is down 7.0% from its price of NT$16.77 on 13 October 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 5.0% over the same period. Is New 90 Day High Low • Dec 11
New 90-day low: NT$16.05 The company is down 2.0% from its price of NT$16.31 on 11 September 2020. The Taiwanese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 2.0% over the same period. Reported Earnings • Nov 15
Third quarter 2020 earnings released: EPS NT$0.13 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$270.8m (down 76% from 3Q 2019). Net income: NT$38.1m (down 89% from 3Q 2019). Profit margin: 14% (down from 33% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Nov 13
New 90-day high: NT$19.90 The company is up 12% from its price of NT$17.75 on 14 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 Real Estate industry, which is up 5.0% over the same period. Is New 90 Day High Low • Oct 28
New 90-day high: NT$19.75 The company is up 16% from its price of NT$17.05 on 30 July 2020. The Taiwanese market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 7.0% over the same period. Is New 90 Day High Low • Oct 06
New 90-day high: NT$18.45 The company is up 21% from its price of NT$15.25 on 08 July 2020. The Taiwanese market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 2.0% over the same period. Announcement • Aug 19
San Far Property Limited(TSEC:9946) dropped from S&P Global BMI Index San Far Property Limited(TSEC:9946) dropped from S&P Global BMI Index 
