Reported Earnings • May 14
First quarter 2026 earnings released: NT$0.21 loss per share (vs NT$0.17 loss in 1Q 2025) First quarter 2026 results: NT$0.21 loss per share (further deteriorated from NT$0.17 loss in 1Q 2025). Revenue: NT$132.2m (down 1.5% from 1Q 2025). Net loss: NT$30.1m (loss widened 25% from 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 93 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 24
Full year 2025 earnings released: NT$0.49 loss per share (vs NT$0.028 profit in FY 2024) Full year 2025 results: NT$0.49 loss per share (down from NT$0.028 profit in FY 2024). Revenue: NT$569.1m (down 9.9% from FY 2024). Net loss: NT$69.8m (down NT$73.2m from profit in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance. Announcement • Mar 04
Chateau International Development Co., Ltd., Annual General Meeting, May 26, 2026 Chateau International Development Co., Ltd., Annual General Meeting, May 26, 2026, at 10:00 Taipei Standard Time. Location: no,47, hsin chien rd., south district, tainan city Taiwan Reported Earnings • Nov 12
Third quarter 2025 earnings released: NT$0.06 loss per share (vs NT$0.11 profit in 3Q 2024) Third quarter 2025 results: NT$0.06 loss per share (down from NT$0.11 profit in 3Q 2024). Revenue: NT$167.5m (down 12% from 3Q 2024). Net loss: NT$8.11m (down 159% from profit in 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 13
Second quarter 2025 earnings released: NT$0.10 loss per share (vs NT$0 in 2Q 2024) Second quarter 2025 results: NT$0.10 loss per share (further deteriorated from NT$0 in 2Q 2024). Revenue: NT$153.1m (down 8.7% from 2Q 2024). Net loss: NT$14.7m (down NT$14.8m from profit in 2Q 2024). 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. Declared Dividend • Jun 30
Dividend of NT$0.15 announced Shareholders will receive a dividend of NT$0.15. Ex-date: 17th July 2025 Payment date: 5th August 2025 Dividend yield will be 0.5%, which is lower than the industry average of 2.5%. New Risk • May 14
New major risk - Revenue and earnings growth Earnings have declined by 3.1% per year over the past 5 years. 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 profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings 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 Earnings have declined by 3.1% per year over the past 5 years. Minor Risk Shareholders have been diluted in the past year (18% increase in shares outstanding). New Risk • Apr 09
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.17b (US$96.3m) 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 Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.5% net profit margin). Shareholders have been diluted in the past year (18% increase in shares outstanding). Market cap is less than US$100m (NT$3.17b market cap, or US$96.3m). New Risk • Mar 18
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 70% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.5% net profit margin). Shareholders have been diluted in the past year (18% increase in shares outstanding). Reported Earnings • Mar 09
Full year 2024 earnings released: EPS: NT$0.03 (vs NT$0.67 in FY 2023) Full year 2024 results: EPS: NT$0.03 (down from NT$0.67 in FY 2023). Revenue: NT$631.4m (down 17% from FY 2023). Net income: NT$3.42m (down 96% from FY 2023). Profit margin: 0.5% (down from 11% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Announcement • Mar 03
Chateau International Development Co., Ltd., Annual General Meeting, May 27, 2025 Chateau International Development Co., Ltd., Annual General Meeting, May 27, 2025, at 10:00 Taipei Standard Time. Location: no,47, hsin chien rd., south district, tainan city Taiwan Announcement • Mar 01
Chateau International Development Co., Ltd. Proposes Dividend Distribution for 2024 Chateau International Development Co., Ltd. proposed Cash distributed from legal reserve and capital surplus to shareholders TWD 0.15 per share for 2024. Total amount of cash distributed to shareholders is TWD 21,475,454. Announcement • Feb 20
Chateau International Development Co., Ltd. to Report Fiscal Year 2024 Results on Feb 27, 2025 Chateau International Development Co., Ltd. announced that they will report fiscal year 2024 results on Feb 27, 2025 Announcement • Feb 11
Chateau International Development Co., Ltd. Announces Resignation of Du, Ciou-Ping as Natural-Person Director Chateau International Development Co., Ltd. announced that the resignation of Du, Ciou-Ping as Natural-person director of the Company. Date of occurrence of the change: February 10, 2025. New Risk • Jan 03
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 18% 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 Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.7% net profit margin). Shareholders have been diluted in the past year (18% increase in shares outstanding). New Risk • Dec 05
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 130% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.7% net profit margin). Announcement • Nov 21
Chateau International Development Co., Ltd. has completed a Follow-on Equity Offering in the amount of TWD 660 million. Chateau International Development Co., Ltd. has completed a Follow-on Equity Offering in the amount of TWD 660 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 16,500,000
Price\Range: TWD 30
Security Name: Shares
Security Type: Common Stock
Securities Offered: 5,500,000
Price\Range: TWD 30
Transaction Features: Reserved Share Offering; Rights Offering Reported Earnings • Nov 18
Third quarter 2024 earnings released: EPS: NT$0.11 (vs NT$0.40 in 3Q 2023) Third quarter 2024 results: EPS: NT$0.11 (down from NT$0.40 in 3Q 2023). Revenue: NT$189.8m (down 20% from 3Q 2023). Net income: NT$13.7m (down 72% from 3Q 2023). Profit margin: 7.2% (down from 20% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 10% per year. Announcement • Nov 05
Chateau International Development Co., Ltd. to Report Q3, 2024 Results on Nov 12, 2024 Chateau International Development Co., Ltd. announced that they will report Q3, 2024 results on Nov 12, 2024 New Risk • Sep 01
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 238% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (8.4% net profit margin). Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: NT$0 (vs NT$0.21 in 2Q 2023) Second quarter 2024 results: EPS: NT$0 (down from NT$0.21 in 2Q 2023). Revenue: NT$167.6m (down 15% from 2Q 2023). Net income: NT$21.0k (down 100% from 2Q 2023). Profit margin: 0% (down from 13% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to NT$39.70, the stock trades at a trailing P/E ratio of 64.1x. Average trailing P/E is 18x in the Hospitality industry in Taiwan. Total returns to shareholders of 37% over the past three years. Announcement • Aug 06
Chateau International Development Co., Ltd. to Report Q2, 2024 Results on Aug 13, 2024 Chateau International Development Co., Ltd. announced that they will report Q2, 2024 results on Aug 13, 2024 Announcement • Jul 23
Chateau International Development Co., Ltd. announced a financing transaction Chateau International Development Co.,Ltd. announced a private placement to issue 22,000,000 common shares on July 22, 2024. The transaction has been approved by shareholders of company. Upcoming Dividend • Jul 09
Upcoming dividend of NT$0.25 per share Eligible shareholders must have bought the stock before 16 July 2024. Payment date: 20 August 2024. Payout ratio is a comfortable 39% but the company is paying out more than the cash it is generating. Trailing yield: 0.5%. Lower than top quartile of Taiwanese dividend payers (4.2%). Lower than average of industry peers (4.0%). New Risk • Jun 09
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 72% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (10% net profit margin). Announcement • May 31
Chateau International Development Co., Ltd. Announces Audit Committee Changes Chateau International Development Co., Ltd. announced the changes in members of the Company's Audit Committee. Name of the previous position holder:Wei Fu-Quan Independent Director of Chateau International Development Co.,Ltd. Name of the new position holder:Tai Li-Min Chairman of Xiuyu International Trading Co.,Ltd. Effective date of the new member:2024/05/29. Announcement • May 30
Chateau International Development Co., Ltd. Announces Independent Director Changes Chateau International Development Co., Ltd. announced the by-election of an independent director at the company's 2024 regular shareholders' meeting. Title and name of the previous position holder: Independent Director, Wei Fu-Quan. Title and name of the new position holder: Independent Director, Tai Li-Min, Chairman of Xiuyu International Trading Co.,Ltd. Reason for the change: Personal factorsEffective date of the new appointment is May 29, 2024. New Risk • May 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 6.7% 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: Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Profit margins are more than 30% lower than last year (11% net profit margin). Reported Earnings • May 19
First quarter 2024 earnings released: EPS: NT$0.21 (vs NT$0.19 in 1Q 2023) First quarter 2024 results: EPS: NT$0.21 (up from NT$0.19 in 1Q 2023). Revenue: NT$154.4m (down 18% from 1Q 2023). Net income: NT$25.0m (up 13% from 1Q 2023). Profit margin: 16% (up from 12% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 03
Chateau International Development Co., Ltd. to Report Q1, 2024 Results on May 10, 2024 Chateau International Development Co., Ltd. announced that they will report Q1, 2024 results on May 10, 2024 Announcement • Feb 29
Chateau International Development Co., Ltd. Announces Cash Dividend for the Year 2023 Chateau International Development Co., Ltd. announced the appropriations of earnings in cash dividends to shareholders TWD 0.25 for the year 2023. Total amount of cash distributed to shareholders TWD 29,553,589. Announcement • Feb 28
Chateau International Development Co., Ltd., Annual General Meeting, May 29, 2024 Chateau International Development Co., Ltd., Annual General Meeting, May 29, 2024. Location: Hotel Chateau, No.47, Xinjian Rd., South Dist Tainan City Taiwan Agenda: To report the business of 2023; to consider audit committee's review report; to consider the status of endorsement and guarantee and loaning of company funds; to consider report on the distribution of employee remuneration and director remuneration in 2023, individual director remuneration, remuneration policies, and the relationship between remuneration; to report significant related party transactions in 2023; to consider amendments to the standards of procedures of the board of directors; to accept 2023 business report and financial statements; to approve the proposal for distribution of 2023 profits; to consider the proposal of the 2023 surplus profit distributed in the form of new shares for capital increase; to consider the proposal of release the prohibition on directors from participation in competitive business; to consider elect 1 independent director; and to consider other issues. Announcement • Jan 20
Chateau International Development Co., Ltd. Announces the Resignation of the Independent Director from Functional Committees Chateau International Development Co., Ltd. announced the resignation of Wei, Hu-Chean, Independent director of the Company from Audit Committee & Remuneration Committee. The Company received the resignation letter on January 19, 2024, with the tenure lasting until January 19 of the same year. The independent director resigned from the position and also resigned from the roles in the functional committees under the board of directors. Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$63.90, the stock trades at a trailing P/E ratio of 67.3x. Average trailing P/E is 20x in the Hospitality industry in Taiwan. Total returns to shareholders of 156% over the past three years. New Risk • Nov 18
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: 14% Last year net profit margin: 20% 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 (7.5% average weekly change). Minor Risk Profit margins are more than 30% lower than last year (14% net profit margin). Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to NT$54.10, the stock trades at a trailing P/E ratio of 35.8x. Average trailing P/E is 22x in the Hospitality industry in Taiwan. Total returns to shareholders of 113% over the past three years. Reported Earnings • Aug 12
Second quarter 2023 earnings released: EPS: NT$0.21 (vs NT$0.087 in 2Q 2022) Second quarter 2023 results: EPS: NT$0.21 (up from NT$0.087 in 2Q 2022). Revenue: NT$197.2m (up 26% from 2Q 2022). Net income: NT$25.2m (up 144% from 2Q 2022). Profit margin: 13% (up from 6.6% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 18
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to NT$70.80, the stock trades at a trailing P/E ratio of 51.1x. Average trailing P/E is 32x in the Hospitality industry in Taiwan. Total returns to shareholders of 136% over the past three years. Upcoming Dividend • Jun 22
Upcoming dividend of NT$0.60 per share at 0.5% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 16 August 2023. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (1.9%). Valuation Update With 7 Day Price Move • Jun 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$89.90, the stock trades at a trailing P/E ratio of 61.3x. Average trailing P/E is 32x in the Hospitality industry in Taiwan. Total returns to shareholders of 159% over the past three years. Announcement • Jun 09
Chateau International Development Co., Ltd. Announces Cash Dividend, Payable on August 16, 2023 Chateau International Development Co., Ltd. announced cash dividend of TWD 0.6 per share and TWD 66,913,783 cash dividend in total will be distributed. Ex-rights (ex-dividend) trading date: June 29, 2023. Ex-rights (ex-dividend) record date: July 7, 2023. Payment date of cash dividend distribution: August 16, 2023. Date of the resolution by the board of directors or shareholders meeting or decision by the Company: June 7, 2023. Valuation Update With 7 Day Price Move • May 22
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$57.50, the stock trades at a trailing P/E ratio of 41.6x. Average trailing P/E is 28x in the Hospitality industry in Taiwan. Total returns to shareholders of 130% over the past three years. Reported Earnings • Mar 06
Full year 2022 earnings released: EPS: NT$1.38 (vs NT$0.18 in FY 2021) Full year 2022 results: EPS: NT$1.38 (up from NT$0.18 in FY 2021). Revenue: NT$835.9m (up 42% from FY 2021). Net income: NT$154.3m (up NT$133.9m from FY 2021). Profit margin: 19% (up from 3.5% 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 36% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 22
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$40.45, the stock trades at a trailing P/E ratio of 26.2x. Average trailing P/E is 35x in the Hospitality industry in Taiwan. Total returns to shareholders of 67% over the past three years. Board Change • Nov 16
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 not an independent director. The company's board is composed of: 1 new director. 5 experienced directors. 5 highly experienced directors. 2 independent directors (6 non-independent directors). Independent Director Hong-Cyuan Wang was the last independent director to join the board, commencing their role in 2019. 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 2022 earnings released: EPS: NT$1.03 (vs NT$0.041 in 3Q 2021) Third quarter 2022 results: EPS: NT$1.03 (up from NT$0.041 in 3Q 2021). Revenue: NT$311.1m (up 168% from 3Q 2021). Net income: NT$114.3m (up NT$109.7m from 3Q 2021). Profit margin: 37% (up from 4.0% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 15
Second quarter 2022 earnings released: EPS: NT$0.09 (vs NT$0.24 loss in 2Q 2021) Second quarter 2022 results: EPS: NT$0.09 (up from NT$0.24 loss in 2Q 2021). Revenue: NT$156.9m (up 56% from 2Q 2021). Net income: NT$10.3m (up NT$36.9m from 2Q 2021). Profit margin: 6.6% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Upcoming Dividend • Jun 16
Upcoming dividend of NT$0.20 per share Eligible shareholders must have bought the stock before 23 June 2022. Payment date: 20 July 2022. Payout ratio is on the higher end at 87%, and the cash payout ratio is above 100%. Trailing yield: 0.6%. Lower than top quartile of Taiwanese dividend payers (6.0%). Lower than average of industry peers (3.6%). Reported Earnings • May 13
First quarter 2022 earnings released: EPS: NT$0.11 (vs NT$0.068 in 1Q 2021) First quarter 2022 results: EPS: NT$0.11. Revenue: NT$176.0k (down 100% from 1Q 2021). Net income: NT$12.8k (down 100% from 1Q 2021). Profit margin: 7.2% (up from 4.4% in 1Q 2021). The increase in margin was driven by lower expenses. Board Change • Apr 27
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 2 independent directors. 7 non-independent directors. Independent Director Hong-Cyuan Wang was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Announcement • Apr 26
Chateau International Development Co., Ltd. Appoints Tsai, Te-Hsiang as New Member of Compensation Committee Chateau International Development Co., Ltd. announced the appointment of Tsai, Te-Hsiang as new member of Compensation Committee of the company with effect from April 13, 2022. Reported Earnings • Mar 01
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: NT$0.18 (down from NT$0.79 in FY 2020). Revenue: NT$587.9m (down 20% from FY 2020). Net income: NT$20.4m (down 77% from FY 2020). Profit margin: 3.5% (down from 12% in FY 2020). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Feb 25
Chateau International Development Co., Ltd., Annual General Meeting, May 25, 2022 Chateau International Development Co., Ltd., Annual General Meeting, May 25, 2022. Location: Hotel Chateau (No.47, Xinjian Rd., South Dist., Tainan City, Taiwan) Taianan Taiwan Agenda: To consider report the business of 2021; to consider Supervisor Review Report on the 2021 Financial Statements; to consider the Status of Endorsement and Guarantee and Loaning of Company Funds;Revised Rules of Procedure for Board of Directors Meetings; and discuss other matters. Announcement • Feb 24
Chateau International Development Co., Ltd. Proposes Dividend Chateau International Development Co., Ltd. proposed dividend of TWD 0.2 per share with total cash distributed to shareholders is TWD 22,304,592. Reported Earnings • Nov 07
Third quarter 2021 earnings released: EPS NT$0.04 (vs NT$0.74 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$116.2m (down 58% from 3Q 2020). Net income: NT$4.62m (down 94% from 3Q 2020). Profit margin: 4.0% (down from 30% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 09
Second quarter 2021 earnings released: NT$0.24 loss per share (vs NT$0.019 profit in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2021 results: Revenue: NT$100.9m (down 25% from 2Q 2020). Net loss: NT$26.5m (down NT$28.6m from profit in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 08
Investor sentiment improved over the past week After last week's 15% share price gain to NT$37.15, the stock trades at a trailing P/E ratio of 37.9x. Average trailing P/E is 25x in the Hospitality industry in Taiwan. Total returns to shareholders of 24% over the past three years. Upcoming Dividend • May 27
Upcoming dividend of NT$0.50 per share Eligible shareholders must have bought the stock before 03 June 2021. Payment date: 08 July 2021. Trailing yield: 1.8%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (3.5%). Valuation Update With 7 Day Price Move • May 17
Investor sentiment deteriorated over the past week After last week's 15% share price decline to NT$25.25, the stock trades at a trailing P/E ratio of 25.7x. Average trailing P/E is 22x in the Hospitality industry in Taiwan. Total loss to shareholders of 14% over the past three years. Reported Earnings • May 16
First quarter 2021 earnings released: EPS NT$0.07 (vs NT$0.13 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$172.3m (up 18% from 1Q 2020). Net income: NT$7.62m (up NT$21.8m from 1Q 2020). Profit margin: 4.4% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • May 07
Chateau International Development Co., Ltd. Announces Cash Dividend Chateau International Development Co., Ltd. approved NTD 0.5 per share,total amount of cash distributed to shareholders NTD 55,761,481,100% cash dividend. at the AGM held on May 6, 2021. Reported Earnings • Feb 28
Full year 2020 earnings released: EPS NT$0.79 (vs NT$0.36 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: NT$736.7m (down 2.2% from FY 2019). Net income: NT$87.6m (up 119% from FY 2019). Profit margin: 12% (up from 5.3% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 4% per year. Is New 90 Day High Low • Feb 24
New 90-day high: NT$31.20 The company is up 12% from its price of NT$27.75 on 26 November 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Hospitality industry, which is up 2.0% over the same period. Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment improved over the past week After last week's 19% share price gain to NT$31.20, the stock is trading at a trailing P/E ratio of 49.3x, up from the previous P/E ratio of 41.4x. This compares to an average P/E of 34x in the Hospitality industry in Taiwan. Total return to shareholders over the past three years is a loss of 7.2%. Announcement • Feb 06
Chateau International Development Co., Ltd., Annual General Meeting, May 06, 2021 Chateau International Development Co., Ltd., Annual General Meeting, May 06, 2021. Location: Hotel Chateau at XUAN Function Rooms (No.47, New Road Rd., South area Tainan City Taiwan Agenda: To report the business of 2020; to discuss supervisor’s review report on the 2020 financial statements; to discuss the status of endorsement and guarantee; to discuss the status of changes in accounting estimates; to discuss compensation of employee; to discuss compensation of directors and supervisors; to accept 2020 business report and financial statements; to approve the proposal for distribution of 2020 profits; to revise company’s rules of procedure for shareholders meetings; and to discuss other matters. Is New 90 Day High Low • Jan 20
New 90-day low: NT$24.85 The company is down 7.0% from its price of NT$26.60 on 22 October 2020. The Taiwanese market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 6.0% over the same period. Is New 90 Day High Low • Dec 31
New 90-day high: NT$28.60 The company is up 3.0% from its price of NT$27.70 on 30 September 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 8.0% over the same period. Reported Earnings • Nov 14
Third quarter 2020 earnings released: EPS NT$0.74 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$278.1m (up 20% from 3Q 2019). Net income: NT$83.0m (up 131% from 3Q 2019). Profit margin: 30% (up from 16% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Oct 27
New 90-day low: NT$25.95 The company is down 12% from its price of NT$29.35 on 29 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 up 3.0% over the same period.