Buy Or Sell Opportunity • Apr 13
Now 22% overvalued Over the last 90 days, the stock has fallen 9.1% to NT$130. The fair value is estimated to be NT$106, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Meanwhile, the company has become profitable. Ankündigung • Apr 02
Chaheng Precision Co., Ltd., Annual General Meeting, Jun 29, 2026 Chaheng Precision Co., Ltd., Annual General Meeting, Jun 29, 2026. Location: 4 floor no,23, lu k`o 5th rd., lujhu district, kaohsiung city Taiwan Buy Or Sell Opportunity • Mar 17
Now 34% overvalued The stock has been flat over the last 90 days, currently trading at NT$135. The fair value is estimated to be NT$100, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Meanwhile, the company has become profitable. New Risk • Mar 02
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Profit margins are more than 30% lower than last year (6.6% net profit margin). Valuation Update With 7 Day Price Move • Aug 29
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$132, the stock trades at a trailing P/E ratio of 43x. Average trailing P/E is 44x in the Aerospace & Defense industry in Taiwan. Total returns to shareholders of 108% over the past three years. Buy Or Sell Opportunity • Aug 21
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 35% to NT$114. The fair value is estimated to be NT$93.26, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Meanwhile, the company has become profitable. New Risk • Aug 17
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.6% Last year net profit margin: 12% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (6.2% average weekly change). Profit margins are more than 30% lower than last year (6.6% net profit margin). New Risk • Aug 11
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 6.2% 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 Risk Debt is not well covered by operating cash flow (2.3% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (6.2% average weekly change). Valuation Update With 7 Day Price Move • Aug 11
Investor sentiment improves as stock rises 31% After last week's 31% share price gain to NT$118, the stock trades at a trailing P/E ratio of 37.1x. Average trailing P/E is 38x in the Aerospace & Defense industry in Taiwan. Total returns to shareholders of 91% over the past three years. Reported Earnings • Apr 24
Full year 2024 earnings released: EPS: NT$3.17 (vs NT$3.17 in FY 2023) Full year 2024 results: EPS: NT$3.17. Revenue: NT$1.40b (up 16% from FY 2023). Net income: NT$107.0m (flat on FY 2023). Profit margin: 7.6% (down from 8.8% in FY 2023). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to NT$81.40, the stock trades at a trailing P/E ratio of 18.4x. Average trailing P/E is 23x in the Aerospace & Defense industry in Taiwan. Total returns to shareholders of 41% over the past three years. Ankündigung • Mar 19
Chaheng Precision Co., Ltd., Annual General Meeting, Jun 03, 2025 Chaheng Precision Co., Ltd., Annual General Meeting, Jun 03, 2025, at 14:00 Taipei Standard Time. Location: no,23, lu k`o 5th rd., lujhu district, kaohsiung city Taiwan New Risk • Mar 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (3.0% operating cash flow to total debt). Earnings have declined by 15% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Paying a dividend despite having no free cash flows. Market cap is less than US$100m (NT$3.11b market cap, or US$94.6m). New Risk • Sep 13
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.13b (US$98.0m) 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: Major Risks Debt is not well covered by operating cash flow (3.0% operating cash flow to total debt). Earnings have declined by 15% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$3.13b market cap, or US$98.0m). Upcoming Dividend • Aug 26
Upcoming dividend of NT$0.80 per share Eligible shareholders must have bought the stock before 02 September 2024. Payment date: 25 September 2024. The company last paid an ordinary dividend in April 2014. The average dividend yield among industry peers is 3.4%. Valuation Update With 7 Day Price Move • Jul 05
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$105, the stock trades at a trailing P/E ratio of 33.1x. Average trailing P/E is 27x in the Aerospace & Defense industry in Taiwan. Total returns to shareholders of 38% over the past three years. Ankündigung • Apr 11
Chaheng Precision Co., Ltd., Annual General Meeting, Jun 24, 2024 Chaheng Precision Co., Ltd., Annual General Meeting, Jun 24, 2024. New Risk • Feb 25
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.6x net interest cover). Earnings have declined by 51% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Market cap is less than US$100m (NT$2.90b market cap, or US$91.7m). Reported Earnings • Aug 15
First half 2023 earnings released: EPS: NT$0.98 (vs NT$0.012 in 1H 2022) First half 2023 results: EPS: NT$0.98 (up from NT$0.012 in 1H 2022). Revenue: NT$582.4m (up 46% from 1H 2022). Net income: NT$33.2m (up NT$32.8m from 1H 2022). Profit margin: 5.7% (up from 0.1% in 1H 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 11
Full year 2022 earnings released: EPS: NT$0.68 (vs NT$4.98 loss in FY 2021) Full year 2022 results: EPS: NT$0.68 (up from NT$4.98 loss in FY 2021). Revenue: NT$899.4m (up 55% from FY 2021). Net income: NT$23.1m (up NT$191.3m from FY 2021). Profit margin: 2.6% (up from net loss in FY 2021). 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 72 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 04
Full year 2021 earnings released: NT$4.98 loss per share (vs NT$2.93 loss in FY 2020) Full year 2021 results: NT$4.98 loss per share (down from NT$2.93 loss in FY 2020). Revenue: NT$581.3m (down 27% from FY 2020). Net loss: NT$168.2m (loss widened 69% from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 09
First half 2021 earnings released: NT$2.42 loss per share (vs NT$0.18 loss in 1H 2020) The company reported a poor first half result with increased losses, weaker revenues and weaker control over costs. First half 2021 results: Revenue: NT$276.5m (down 46% from 1H 2020). Net loss: NT$81.8m (loss widened NT$75.6m from 1H 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 01
Full year 2020 earnings released: NT$2.93 loss per share (vs NT$7.38 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$799.0m (down 59% from FY 2019). Net loss: NT$99.3m (down 140% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Mar 10
New 90-day high: NT$63.30 The company is up 10.0% from its price of NT$57.40 on 10 December 2020. The Taiwanese market is also up 10.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Aerospace & Defense industry, which is up 5.0% over the same period. Is New 90 Day High Low • Feb 04
New 90-day low: NT$48.70 The company is down 14% from its price of NT$56.50 on 06 November 2020. The Taiwanese market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Aerospace & Defense industry, which is down 1.0% over the same period. Is New 90 Day High Low • Jan 19
New 90-day low: NT$51.00 The company is down 13% from its price of NT$58.60 on 22 October 2020. The Taiwanese market is up 20% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Aerospace & Defense industry, which is down 1.0% over the same period. Is New 90 Day High Low • Jan 04
New 90-day low: NT$52.10 The company is down 2.0% from its price of NT$52.90 on 07 October 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Aerospace & Defense industry, which is up 2.0% over the same period. 
