Upcoming Dividend • Jul 23
Upcoming dividend of NT$0.30 per share Eligible shareholders must have bought the stock before 30 July 2026. Payment date: 24 August 2026. Payout ratio is on the higher end at 85%, however this is supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of Taiwanese dividend payers (5.0%). Lower than average of industry peers (5.6%). Declared Dividend • Jun 19
Dividend of NT$0.30 announced Dividend of NT$0.30 is the same as last year. Ex-date: 30th July 2026 Payment date: 24th August 2026 Dividend yield will be 3.6%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (85% earnings payout ratio) and cash flows (25% cash payout ratio). 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 decline by 5.9% to shift the payout ratio to a potentially unsustainable range, which is less than the 19% EPS decline seen over the last 5 years. Reported Earnings • May 08
First quarter 2026 earnings released: EPS: NT$0.063 (vs NT$0.038 in 1Q 2025) First quarter 2026 results: EPS: NT$0.063 (up from NT$0.038 in 1Q 2025). Revenue: NT$2.15b (up 27% from 1Q 2025). Net income: NT$102.0m (up 63% from 1Q 2025). Profit margin: 4.7% (up from 3.7% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 12
Full year 2025 earnings released: EPS: NT$0.33 (vs NT$0.19 in FY 2024) Full year 2025 results: EPS: NT$0.33 (up from NT$0.19 in FY 2024). Revenue: NT$9.35b (up 10% from FY 2024). Net income: NT$535.1m (up 71% from FY 2024). Profit margin: 5.7% (up from 3.7% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Announcement • Mar 09
Prince Housing & Development Corp., Annual General Meeting, Jun 17, 2026 Prince Housing & Development Corp., Annual General Meeting, Jun 17, 2026. Location: 1 floor no,261, nan men rd., tainan city Taiwan Reported Earnings • Nov 11
Third quarter 2025 earnings released: EPS: NT$0.06 (vs NT$0.067 in 3Q 2024) Third quarter 2025 results: EPS: NT$0.06 (down from NT$0.067 in 3Q 2024). Revenue: NT$2.15b (up 9.7% from 3Q 2024). Net income: NT$103.0m (down 5.1% from 3Q 2024). Profit margin: 4.8% (down from 5.5% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 06
Second quarter 2025 earnings released: EPS: NT$0.10 (vs NT$0.046 loss in 2Q 2024) Second quarter 2025 results: EPS: NT$0.10 (up from NT$0.046 loss in 2Q 2024). Revenue: NT$2.14b (down 2.2% from 2Q 2024). Net income: NT$164.3m (up NT$239.6m from 2Q 2024). Profit margin: 7.7% (up from net loss in 2Q 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Jul 17
Upcoming dividend of NT$0.30 per share Eligible shareholders must have bought the stock before 24 July 2025. Payment date: 22 August 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 3.8%. Lower than top quartile of Taiwanese dividend payers (5.3%). In line with average of industry peers (4.0%). Declared Dividend • Jun 27
Dividend reduced to NT$0.30 Dividend of NT$0.30 is 17% lower than last year. Ex-date: 24th July 2025 Payment date: 22nd August 2025 Dividend yield will be 3.2%, which is lower than the industry average of 3.7%. Sustainability & Growth Dividend is not covered by earnings (196% 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 118% to bring the payout ratio under control. However, EPS has declined by 17% over the last 5 years so the company would need to reverse this trend. New Risk • May 22
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 23% 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: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 196% Paying a dividend despite having no free cash flows. Earnings have declined by 16% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.9% net profit margin). Reported Earnings • May 12
First quarter 2025 earnings released: EPS: NT$0.04 (vs NT$0.078 in 1Q 2024) First quarter 2025 results: EPS: NT$0.04 (down from NT$0.078 in 1Q 2024). Revenue: NT$1.70b (flat on 1Q 2024). Net income: NT$62.5m (down 51% from 1Q 2024). Profit margin: 3.7% (down from 7.5% in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Announcement • Apr 30
Prince Housing & Development Corp. to Report Q1, 2025 Results on May 07, 2025 Prince Housing & Development Corp. announced that they will report Q1, 2025 results on May 07, 2025 Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to NT$8.39, the stock trades at a trailing P/E ratio of 43.5x. Average trailing P/E is 11x in the Real Estate industry in Taiwan. Total loss to shareholders of 28% over the past three years. Reported Earnings • Mar 12
Full year 2024 earnings released: EPS: NT$0.19 (vs NT$0.36 in FY 2023) Full year 2024 results: EPS: NT$0.19 (down from NT$0.36 in FY 2023). Revenue: NT$8.48b (flat on FY 2023). Net income: NT$313.0m (down 47% from FY 2023). Profit margin: 3.7% (down from 7.0% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Announcement • Mar 04
Prince Housing & Development Corp., Annual General Meeting, Jun 17, 2025 Prince Housing & Development Corp., Annual General Meeting, Jun 17, 2025. Location: 1 floor no,261, nan men rd., tainan city Taiwan Announcement • Feb 22
Prince Housing & Development Corp. to Report Fiscal Year 2024 Results on Mar 03, 2025 Prince Housing & Development Corp. announced that they will report fiscal year 2024 results on Mar 03, 2025 Reported Earnings • Nov 15
Third quarter 2024 earnings released: EPS: NT$0.07 (vs NT$0.053 in 3Q 2023) Third quarter 2024 results: EPS: NT$0.07 (up from NT$0.053 in 3Q 2023). Revenue: NT$1.96b (flat on 3Q 2023). Net income: NT$108.6m (up 26% from 3Q 2023). Profit margin: 5.5% (up from 4.4% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 10
Second quarter 2024 earnings released: NT$0.05 loss per share (vs NT$0.084 profit in 2Q 2023) Second quarter 2024 results: NT$0.05 loss per share (down from NT$0.084 profit in 2Q 2023). Revenue: NT$2.18b (up 1.7% from 2Q 2023). Net loss: NT$75.4m (down 156% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Announcement • Jul 29
Prince Housing & Development Corp. to Report Q2, 2024 Results on Aug 05, 2024 Prince Housing & Development Corp. announced that they will report Q2, 2024 results on Aug 05, 2024 Upcoming Dividend • Jul 18
Upcoming dividend of NT$0.36 per share Eligible shareholders must have bought the stock before 25 July 2024. Payment date: 23 August 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 2.8%. Lower than top quartile of Taiwanese dividend payers (4.2%). Higher than average of industry peers (2.5%). Declared Dividend • Jun 21
Dividend reduced to NT$0.36 Dividend of NT$0.36 is 28% lower than last year. Ex-date: 25th July 2024 Payment date: 23rd August 2024 Dividend yield will be 2.9%, which is lower than the industry average of 3.7%. Sustainability & Growth Dividend is not covered by earnings (105% earnings payout ratio). However, it is well covered by cash flows (41% cash payout ratio). 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 17% to bring the payout ratio under control. However, EPS has declined by 16% over the last 5 years so the company would need to reverse this trend. Announcement • Jun 20
Prince Housing & Development Corp. Announces Cash Dividend, Payable on August 23, 2024 Prince Housing & Development Corp. announced cash dividend of TWD 0.36 per share. Ex-rights (ex-dividend) trading date is July 25, 2024. Ex-rights (ex-dividend) record date is August 2, 2024. Payment date of common stock cash dividend distribution is August 23, 2024. Date of the resolution by the board of directors or shareholders meeting or decision by the Company is June 19, 2024. Reported Earnings • May 15
First quarter 2024 earnings released: EPS: NT$0.08 (vs NT$0.10 in 1Q 2023) First quarter 2024 results: EPS: NT$0.08 (down from NT$0.10 in 1Q 2023). Revenue: NT$1.71b (down 21% from 1Q 2023). Net income: NT$127.3m (down 22% from 1Q 2023). Profit margin: 7.5% (down from 7.6% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Announcement • May 02
Prince Housing & Development Corp. to Report Q1, 2024 Results on May 08, 2024 Prince Housing & Development Corp. announced that they will report Q1, 2024 results at 9:00 AM, Taipei Standard Time on May 08, 2024 New Risk • Mar 10
New major risk - Revenue and earnings growth Earnings have declined by 1.7% 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 1.7% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (101% payout ratio). Profit margins are more than 30% lower than last year (7.0% net profit margin). Reported Earnings • Mar 10
Full year 2023 earnings released: EPS: NT$0.37 (vs NT$0.91 in FY 2022) Full year 2023 results: EPS: NT$0.37 (down from NT$0.91 in FY 2022). Revenue: NT$8.49b (down 34% from FY 2022). Net income: NT$592.6m (down 60% from FY 2022). Profit margin: 7.0% (down from 12% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Announcement • Mar 05
Prince Housing & Development Corp., Annual General Meeting, Jun 19, 2024 Prince Housing & Development Corp., Annual General Meeting, Jun 19, 2024. Location: Large Conference Hall, 1st Floor, The Labor Recreation Center, No.261, Nanmen Rd., South District, Tainan City Taiwan Agenda: To consider The 2023 Business Report; The Audit Committee's Review Report on the 2023 Financial Statements; The status of 2023 Endorsements and Guarantees; The status of 2023 Loaning of Funds to Others; The status of issuing corporate bonds; 2023 Employees Bonus and Directors Remuneration Report; Amendment to the Company's Rules of Procedure for Board of Directors Meetings; and to discuss other matters. New Risk • Nov 22
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 44% 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 Dividend is not well covered by earnings (100% payout ratio). Large one-off items impacting financial results. Announcement • Nov 11
Prince Housing & Development Corp. Announces Executive Changes Prince Housing & Development Corp. announced the appointment of Hung Yu Wu, Finance Unit Accounting Team Manager of Uni-President Cold-Chain Corp. as Vice President of the Chairman's Office in place of Tsun-Jen Cheng, with effect from November 10, 2023. Announcement • Sep 29
Construction & Engineering Corp. to Announce the Change of President Prince Housing & Development Corp. On behalf of Ta Chen Construction & Engineering Corp. to announce the change of President. Name of the previous position holder: Mu-Tsun Hou. Chairman of Man-Strong Manpower MGT. Co. Ltd. 5.Name of the new position holder: Yu-Huang Lin (deputy of President's duty). Resume of the new position holder: Vice President of Ta Chen Construction & Engineering Corp. Effective date of the new appointment: October 1, 2023. Reason for the change: Resignation. Reported Earnings • Aug 09
Second quarter 2023 earnings released: EPS: NT$0.08 (vs NT$0.27 in 2Q 2022) Second quarter 2023 results: EPS: NT$0.08 (down from NT$0.27 in 2Q 2022). Revenue: NT$2.15b (down 41% from 2Q 2022). Net income: NT$135.7m (down 69% from 2Q 2022). Profit margin: 6.3% (down from 12% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 5% per year. Upcoming Dividend • Jul 20
Upcoming dividend of NT$0.50 per share at 4.2% yield Eligible shareholders must have bought the stock before 27 July 2023. Payment date: 23 August 2023. Payout ratio is a comfortable 67% and this is well supported by cash flows. Trailing yield: 4.2%. Lower than top quartile of Taiwanese dividend payers (5.5%). In line with average of industry peers (4.6%). Reported Earnings • Mar 10
Full year 2022 earnings released: EPS: NT$0.91 (vs NT$0.95 in FY 2021) Full year 2022 results: EPS: NT$0.91 (down from NT$0.95 in FY 2021). Revenue: NT$12.8b (up 2.1% from FY 2021). Net income: NT$1.48b (down 3.9% from FY 2021). Profit margin: 12% (in line with FY 2021). 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 6% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 10
Third quarter 2022 earnings released: EPS: NT$0.11 (vs NT$0.27 loss in 3Q 2021) Third quarter 2022 results: EPS: NT$0.11 (up from NT$0.27 loss in 3Q 2021). Revenue: NT$2.06b (down 16% from 3Q 2021). Net income: NT$182.7m (up NT$611.9m from 3Q 2021). Profit margin: 8.9% (up from net loss in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Nov 05
Prince Housing & Development Corp. Announces Appointment of Chun-Cheng Kuo as Chief Information Security Officer Prince Housing & Development Corp. announced the appointment of Chun-Cheng Kuo, Assistant Vice President of Administrative Department, as Chief Information Security Officer, effective November 4, 2022. Reported Earnings • Aug 07
Second quarter 2022 earnings released: EPS: NT$0.27 (vs NT$0.47 in 2Q 2021) Second quarter 2022 results: EPS: NT$0.27 (down from NT$0.47 in 2Q 2021). Revenue: NT$3.63b (up 36% from 2Q 2021). Net income: NT$439.7m (down 43% from 2Q 2021). Profit margin: 12% (down from 29% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jul 21
Upcoming dividend of NT$0.50 per share Eligible shareholders must have bought the stock before 28 July 2022. Payment date: 23 August 2022. Payout ratio is a comfortable 71% and this is well supported by cash flows. Trailing yield: 4.3%. Lower than top quartile of Taiwanese dividend payers (6.7%). Lower than average of industry peers (6.1%). Announcement • Jun 18
Prince Housing & Development Corp. Approves Cash Dividend for the Year 2021 Prince Housing & Development Corp. held its shareholders meeting on June 17, 2022, approved cash dividend of TWD 0.5 per share for the year 2021. Reported Earnings • May 11
First quarter 2022 earnings released: EPS: NT$0.27 (vs NT$0.51 in 1Q 2021) First quarter 2022 results: EPS: NT$0.27 (down from NT$0.51 in 1Q 2021). Revenue: NT$4.73b (up 46% from 1Q 2021). Net income: NT$435.1m (down 48% from 1Q 2021). Profit margin: 9.2% (down from 26% in 1Q 2021). 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 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 08
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: NT$0.95 (up from NT$0.49 in FY 2020). Revenue: NT$12.5b (up 4.6% from FY 2020). Net income: NT$1.54b (up 93% from FY 2020). Profit margin: 12% (up from 6.6% in FY 2020). The increase in margin was primarily driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Mar 06
Prince Housing & Development Corp., Annual General Meeting, Jun 17, 2022 Prince Housing & Development Corp., Annual General Meeting, Jun 17, 2022. Location: Large Conference Hall, 1st Floor, The Labor Recreation Center No.261, Nanmen Rd., South District Tainan City Taiwan Agenda: To consider the 2021 Business Report; to approve the Audit Committee's Review Report on the 2021 Financial Statements; to approve the status of 2021 Endorsements and Guarantees; to approve the status of 2021 Loaning of Funds to Others; to approve the status of issuing corporate bonds; to approve 2021 Employees Bonus and Directors Remuneration Report; to approve 2021 earnings distribution; to consider full re-election of board of directors; and to consider other matters. Reported Earnings • Nov 07
Third quarter 2021 earnings released: NT$0.26 loss per share (vs NT$0.14 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: NT$2.44b (down 16% from 3Q 2020). Net loss: NT$429.2m (down 287% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 8% per year and the company’s share price has also increased by 8% per year. Executive Departure • Oct 03
Independent Director Hung Ho-Yi has left the company On the 22nd of September, Hung Ho-Yi's tenure as Independent Director ended after 3.3 years in the role. We don't have any record of a personal shareholding under Hung's name. Hung is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 8.08 years. Executive Departure • Sep 29
Independent Director Hung Ho-Yi has left the company On the 22nd of September, Hung Ho-Yi's tenure as Independent Director ended after 3.3 years in the role. We don't have any record of a personal shareholding under Hung's name. Hung is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 8.00 years. Valuation Update With 7 Day Price Move • Sep 13
Investor sentiment improved over the past week After last week's 15% share price gain to NT$14.55, the stock trades at a trailing P/E ratio of 10.3x. Average trailing P/E is 11x in the Real Estate industry in Taiwan. Total returns to shareholders of 53% over the past three years. Upcoming Dividend • Aug 17
Upcoming dividend of NT$0.40 per share Eligible shareholders must have bought the stock before 24 August 2021. Payment date: 22 September 2021. Trailing yield: 3.0%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (4.8%). Reported Earnings • Aug 09
Second quarter 2021 earnings released: EPS NT$0.47 (vs NT$0.077 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$2.68b (up 23% from 2Q 2020). Net income: NT$764.8m (up NT$639.4m from 2Q 2020). Profit margin: 29% (up from 5.7% in 2Q 2020). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • May 17
Investor sentiment deteriorated over the past week After last week's 16% share price decline to NT$11.00, the stock trades at a trailing P/E ratio of 10.6x. Average trailing P/E is 12x in the Real Estate industry in Taiwan. Total returns to shareholders of 12% over the past three years. Reported Earnings • May 08
First quarter 2021 earnings released: EPS NT$0.51 (vs NT$0.011 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$3.23b (up 23% from 1Q 2020). Net income: NT$832.3m (up NT$850.4m from 1Q 2020). Profit margin: 26% (up from net loss in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Reported Earnings • Mar 23
Full year 2020 earnings released: EPS NT$0.49 (vs NT$0.59 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$12.0b (down 1.9% from FY 2019). Net income: NT$793.9m (down 17% from FY 2019). Profit margin: 6.6% (down from 7.8% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Announcement • Mar 19
Prince Housing & Development Corp., Annual General Meeting, Jun 17, 2021 Prince Housing & Development Corp., Annual General Meeting, Jun 17, 2021. Location: Large Conference Hall, 1st Floor, The Labor Recreation Center No.261, Nanmen Rd., South District, Tainan City 702 Taiwan Taiwan Agenda: To consider the 2020 Business Report; the Audit Committee's Review Report on the 2020 Financial Statements; the status of 2020 Endorsements and Guarantees; the status of 2020 Loaning of Funds to Others; the status of issuing corporate bonds; 2020 Employees Bonus and Directors Remuneration Report; amendment of the Board of Directors' Rules of Procedure; amendment of the Corporate Social Responsibility Best Practice Principles; and Others. Is New 90 Day High Low • Nov 25
New 90-day high: NT$11.35 The company is up 13% from its price of NT$10.05 on 27 August 2020. The Taiwanese market is up 7.0% 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. Reported Earnings • Nov 10
Third quarter 2020 earnings released: EPS NT$0.14 The company reported a mediocre third quarter result with weaker profit margins, although earnings were flat and revenues were improved. Third quarter 2020 results: Revenue: NT$2.91b (up 8.8% from 3Q 2019). Net income: NT$229.7m (flat on 3Q 2019). Profit margin: 7.9% (down from 8.5% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Oct 22
New 90-day high: NT$11.25 The company is up 10.0% from its price of NT$10.25 on 24 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 4.0% over the same period. 
