New Risk • Aug 18
New major risk - Revenue and earnings growth Revenue has declined by 3.9% over the past year. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Revenue has declined by 3.9% over the past year. Minor Risks Dividend is not well covered by earnings (173% payout ratio). Share price has been volatile over the past 3 months (10% average weekly change). Profit margins are more than 30% lower than last year (5.4% net profit margin). Market cap is less than US$100m (NT$2.48b market cap, or US$77.7m). New Risk • Jul 17
New minor risk - Dividend sustainability The dividend is not well covered by earnings. Payout ratio: 156% Dividend yield: 1.5% 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 Risk Share price has been highly volatile over the past 3 months (28% average weekly change). Minor Risks Dividend is not well covered by earnings (156% payout ratio). Profit margins are more than 30% lower than last year (5.7% net profit margin). Market cap is less than US$100m (NT$2.50b market cap, or US$77.4m). Upcoming Dividend • Jul 09
Upcoming dividend of NT$1.50 per share Eligible shareholders must have bought the stock before 13 July 2026. Payment date: 31 July 2026. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 1.2%. Lower than top quartile of Taiwanese dividend payers (4.9%). Higher than average of industry peers (1.0%). New Risk • Jun 26
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.15b (US$99.0m) 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 Risk Share price has been highly volatile over the past 3 months (29% average weekly change). Minor Risks Profit margins are more than 30% lower than last year (5.7% net profit margin). Market cap is less than US$100m (NT$3.15b market cap, or US$99.0m). Declared Dividend • Jun 25
Dividend of NT$1.50 announced Shareholders will receive a dividend of NT$1.50. Ex-date: 13th July 2026 Payment date: 31st July 2026 Dividend yield will be 1.1%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is not covered by earnings (156% earnings payout ratio). However, it is well covered by cash flows (38% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. The company's earnings per share (EPS) would need to grow by 74% to bring the payout ratio under control. However, EPS has declined by 2.2% over the last 5 years so the company would need to reverse this trend. New Risk • Jun 16
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: 5.7% Last year net profit margin: 13% 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 Share price has been highly volatile over the past 3 months (29% average weekly change). Minor Risk Profit margins are more than 30% lower than last year (5.7% net profit margin). Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to NT$143, the stock trades at a trailing P/E ratio of 76.5x. Average trailing P/E is 43x in the Semiconductor industry in Taiwan. Valuation Update With 7 Day Price Move • May 18
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to NT$144, the stock trades at a trailing P/E ratio of 77.3x. Average trailing P/E is 42x in the Semiconductor industry in Taiwan. 공고 • Apr 20
Morrison Opto Electronics Ltd. has filed a Follow-on Equity Offering. Morrison Opto Electronics Ltd. has filed a Follow-on Equity Offering.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 1,646,000
Price(minimum): TWD 50 공고 • Mar 26
Morrison Opto Electronics Ltd., Annual General Meeting, Jun 23, 2026 Morrison Opto Electronics Ltd., Annual General Meeting, Jun 23, 2026. Location: 2 floor no,255, sec.3 ta hsing w. rd., taoyuan district, taoyuan city Taiwan New Risk • Dec 29
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 6.8% 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 No financial data reported. Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Market cap is less than US$100m (NT$2.07b market cap, or US$66.0m). 공고 • Jun 27
Morrison Opto Electronics Ltd., Annual General Meeting, Jun 26, 2025 Morrison Opto Electronics Ltd., Annual General Meeting, Jun 26, 2025, at 10:00 Taipei Standard Time. Location: no,812, ta hsin rd., lujhu district, taoyuan city Taiwan 
