Stock Analysis
Asia Polymer First Quarter 2024 Earnings: NT$0.32 loss per share (vs NT$0.042 loss in 1Q 2023)
Asia Polymer (TWSE:1308) First Quarter 2024 Results
Key Financial Results
- Revenue: NT$1.56b (flat on 1Q 2023).
- Net loss: NT$187.7m (loss widened by NT$162.6m from 1Q 2023).
- NT$0.32 loss per share (further deteriorated from NT$0.042 loss in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Asia Polymer Earnings Insights
Looking ahead, revenue is forecast to grow 2.1% p.a. on average during the next 2 years, compared to a 6.1% growth forecast for the Chemicals industry in Taiwan.
Performance of the Taiwanese Chemicals industry.
The company's shares are down 3.1% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Asia Polymer that you should be aware of.
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About TWSE:1308
Asia Polymer
Designs, develops, manufactures, and sells low-density polyethylene (LDPE) and ethylene vinyl acetate copolymer (EVA) in Taiwan, Asia, and internationally.
Flawless balance sheet and slightly overvalued.