Reported Earnings • Mar 14
Full year 2025 earnings released: NT$0.25 loss per share (vs NT$0.13 loss in FY 2024) Full year 2025 results: NT$0.25 loss per share (further deteriorated from NT$0.13 loss in FY 2024). Revenue: NT$641.4m (down 10.0% from FY 2024). Net loss: NT$13.2m (loss widened 90% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 114 percentage points per year, which is a significant difference in performance. Announcement • Mar 12
ASEC International Corporation, Annual General Meeting, Jun 17, 2026 ASEC International Corporation, Annual General Meeting, Jun 17, 2026, at 09:00 Taipei Standard Time. Location: no,58, chou tzu st., neihu district, taipei city Taiwan Buy Or Sell Opportunity • Mar 11
Now 20% overvalued The stock has been flat over the last 90 days, currently trading at NT$21.60. The fair value is estimated to be NT$17.98, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 48% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Feb 09
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 12% to NT$22.10. The fair value is estimated to be NT$17.72, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 48% over the last 3 years. Meanwhile, the company became loss making. New Risk • Jan 30
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 6.9% 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 Earnings have declined by 20% per year over the past 5 years. Minor Risks Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (6.9% average weekly change). Market cap is less than US$100m (NT$1.11b market cap, or US$35.5m). Buy Or Sell Opportunity • Jan 06
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 3.5% to NT$21.90. The fair value is estimated to be NT$17.52, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 48% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Dec 11
Now 25% overvalued Over the last 90 days, the stock has fallen 3.4% to NT$21.60. The fair value is estimated to be NT$17.34, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 48% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Nov 15
Third quarter 2025 earnings released: NT$0.05 loss per share (vs NT$0.11 loss in 3Q 2024) Third quarter 2025 results: NT$0.05 loss per share (improved from NT$0.11 loss in 3Q 2024). Revenue: NT$146.6m (down 26% from 3Q 2024). Net loss: NT$2.73m (loss narrowed 53% from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 119 percentage points per year, which is a significant difference in performance. New Risk • Aug 17
New major risk - Revenue and earnings growth Earnings have declined by 5.5% 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 5.5% per year over the past 5 years. Minor Risks Paying a dividend despite being loss-making. Market cap is less than US$100m (NT$1.23b market cap, or US$40.8m). Reported Earnings • Aug 17
Second quarter 2025 earnings released: NT$0.20 loss per share (vs NT$0.017 loss in 2Q 2024) Second quarter 2025 results: NT$0.20 loss per share (further deteriorated from NT$0.017 loss in 2Q 2024). Revenue: NT$165.4m (down 6.8% from 2Q 2024). Net loss: NT$10.4m (loss widened NT$9.52m from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 112 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Jun 27
Upcoming dividend of NT$0.50 per share Eligible shareholders must have bought the stock before 04 July 2025. Payment date: 31 July 2025. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.8%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (3.2%). Reported Earnings • May 08
First quarter 2025 earnings released: EPS: NT$0.12 (vs NT$0.058 loss in 1Q 2024) First quarter 2025 results: EPS: NT$0.12 (up from NT$0.058 loss in 1Q 2024). Revenue: NT$163.2m (down 9.0% from 1Q 2024). Net income: NT$6.45m (up NT$9.51m from 1Q 2024). Profit margin: 4.0% (up from net loss in 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 120 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 20
Full year 2024 earnings released: NT$0.13 loss per share (vs NT$0.23 profit in FY 2023) Full year 2024 results: NT$0.13 loss per share (down from NT$0.23 profit in FY 2023). Revenue: NT$712.7m (down 44% from FY 2023). Net loss: NT$6.97m (down 158% from profit in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 114 percentage points per year, which is a significant difference in performance. Announcement • Mar 13
ASEC International Corporation, Annual General Meeting, Jun 19, 2025 ASEC International Corporation, Annual General Meeting, Jun 19, 2025, at 09:00 Taipei Standard Time. Location: no,58, chou tzu st., neihu district, taipei city Taiwan New Risk • Mar 12
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 8.2% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.2% average weekly change). Minor Risks Paying a dividend despite being loss-making. Market cap is less than US$100m (NT$1.13b market cap, or US$34.3m). New Risk • Feb 07
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 6.3% 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 Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (6.3% average weekly change). Market cap is less than US$100m (NT$1.11b market cap, or US$33.9m). Reported Earnings • Nov 19
Third quarter 2024 earnings released: NT$0.11 loss per share (vs NT$0.025 loss in 3Q 2023) Third quarter 2024 results: NT$0.11 loss per share (further deteriorated from NT$0.025 loss in 3Q 2023). Revenue: NT$196.9m (down 31% from 3Q 2023). Net loss: NT$5.81m (loss widened 335% from 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Sep 04
Now 26% undervalued after recent price drop Over the last 90 days, the stock has fallen 8.0% to NT$27.60. The fair value is estimated to be NT$37.31, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 25% over the last 3 years. Meanwhile, the company became loss making. Upcoming Dividend • Aug 16
Upcoming dividend of NT$0.50 per share Eligible shareholders must have bought the stock before 23 August 2024. Payment date: 27 September 2024. Trailing yield: 1.8%. Lower than top quartile of Taiwanese dividend payers (4.4%). Lower than average of industry peers (2.8%). Reported Earnings • May 19
First quarter 2024 earnings released: NT$0.06 loss per share (vs NT$0.085 loss in 1Q 2023) First quarter 2024 results: NT$0.06 loss per share (improved from NT$0.085 loss in 1Q 2023). Revenue: NT$179.3m (down 50% from 1Q 2023). Net loss: NT$3.06m (loss narrowed 28% from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 43% per year, which means it is well ahead of earnings. Announcement • Mar 21
ASEC International Corporation, Annual General Meeting, Jun 20, 2024 ASEC International Corporation, Annual General Meeting, Jun 20, 2024. New Risk • Dec 01
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 7.1% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.1% average weekly change). Minor Risk Market cap is less than US$100m (NT$798.3m market cap, or US$25.4m). Reported Earnings • Nov 09
Third quarter 2023 earnings released: NT$0.03 loss per share (vs NT$0.70 profit in 3Q 2022) Third quarter 2023 results: NT$0.03 loss per share (down from NT$0.70 profit in 3Q 2022). Revenue: NT$285.4m (down 39% from 3Q 2022). Net loss: NT$1.34m (down 104% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. New Risk • Oct 20
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 6.1% 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 (6.1% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.7% net profit margin). Market cap is less than US$100m (NT$848.3m market cap, or US$26.2m). Valuation Update With 7 Day Price Move • Oct 18
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to NT$16.65, the stock trades at a trailing P/E ratio of 76.9x. Average trailing P/E is 19x in the Electronic industry in Taiwan. Total returns to shareholders of 62% over the past three years. New Risk • Aug 12
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 46% 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 (0.7% net profit margin). Market cap is less than US$100m (NT$695.7m market cap, or US$21.8m). Reported Earnings • Aug 11
Second quarter 2023 earnings released: EPS: NT$0.25 (vs NT$0.77 in 2Q 2022) Second quarter 2023 results: EPS: NT$0.25 (down from NT$0.77 in 2Q 2022). Revenue: NT$299.4m (down 59% from 2Q 2022). Net income: NT$12.5m (down 68% from 2Q 2022). Profit margin: 4.2% (down from 5.3% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 31
Full year 2022 earnings released: EPS: NT$1.53 (vs NT$0.84 in FY 2021) Full year 2022 results: EPS: NT$1.53 (up from NT$0.84 in FY 2021). Revenue: NT$2.22b (flat on FY 2021). Net income: NT$76.5m (up 81% from FY 2021). Profit margin: 3.4% (up from 1.9% in FY 2021). Over the last 3 years on average, earnings per share has increased by 113% per year but the company’s share price has only increased by 58% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: NT$0.70 (vs NT$0.18 in 3Q 2021) Third quarter 2022 results: EPS: NT$0.70 (up from NT$0.18 in 3Q 2021). Revenue: NT$465.4m (up 18% from 3Q 2021). Net income: NT$35.2m (up 281% from 3Q 2021). Profit margin: 7.6% (up from 2.3% 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 121% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 13
Third quarter 2022 earnings released: EPS: NT$0.70 (vs NT$0.18 in 3Q 2021) Third quarter 2022 results: EPS: NT$0.70 (up from NT$0.18 in 3Q 2021). Revenue: NT$465.4m (up 18% from 3Q 2021). Net income: NT$35.2m (up 281% from 3Q 2021). Profit margin: 7.6% (up from 2.3% 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 121% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Nov 04
Investor sentiment improved over the past week After last week's 24% share price gain to NT$19.00, the stock trades at a trailing P/E ratio of 10x. Average trailing P/E is 11x in the Electronic industry in Taiwan. Total returns to shareholders of 181% over the past three years. Valuation Update With 7 Day Price Move • Oct 13
Investor sentiment deteriorated over the past week After last week's 15% share price decline to NT$15.00, the stock trades at a trailing P/E ratio of 7.9x. Average trailing P/E is 11x in the Electronic industry in Taiwan. Total returns to shareholders of 120% over the past three years. Reported Earnings • Aug 07
Second quarter 2022 earnings released: EPS: NT$0.77 (vs NT$0.25 in 2Q 2021) Second quarter 2022 results: EPS: NT$0.77 (up from NT$0.25 in 2Q 2021). Revenue: NT$729.2m (up 23% from 2Q 2021). Net income: NT$38.7m (up 214% from 2Q 2021). Profit margin: 5.3% (up from 2.1% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 116% per year but the company’s share price has only increased by 49% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 01
Investor sentiment improved over the past week After last week's 23% share price gain to NT$25.15, the stock trades at a trailing P/E ratio of 18.4x. Average trailing P/E is 13x in the Electronic industry in Taiwan. Total returns to shareholders of 257% over the past three years. Valuation Update With 7 Day Price Move • Jul 18
Investor sentiment improved over the past week After last week's 19% share price gain to NT$21.60, the stock trades at a trailing P/E ratio of 15.8x. Average trailing P/E is 13x in the Electronic industry in Taiwan. Total returns to shareholders of 190% over the past three years. Valuation Update With 7 Day Price Move • Jun 22
Investor sentiment deteriorated over the past week After last week's 19% share price decline to NT$19.40, the stock trades at a trailing P/E ratio of 14.2x. Average trailing P/E is 13x in the Electronic industry in Taiwan. Total returns to shareholders of 169% over the past three years. Valuation Update With 7 Day Price Move • May 20
Investor sentiment improved over the past week After last week's 15% share price gain to NT$22.70, the stock trades at a trailing P/E ratio of 16.6x. Average trailing P/E is 13x in the Electronic industry in Taiwan. Total returns to shareholders of 222% over the past three years. Reported Earnings • May 06
First quarter 2022 earnings released: EPS: NT$0.70 (vs NT$0.18 in 1Q 2021) First quarter 2022 results: EPS: NT$0.70 (up from NT$0.18 in 1Q 2021). Revenue: NT$633.3m (up 17% from 1Q 2021). Net income: NT$35.2m (up 284% from 1Q 2021). Profit margin: 5.6% (up from 1.7% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Dec 08
Investor sentiment improved over the past week After last week's 25% share price gain to NT$15.70, the stock trades at a trailing P/E ratio of 22.7x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 128% over the past three years. Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment improved over the past week After last week's 25% share price gain to NT$13.20, the stock trades at a trailing P/E ratio of 19.1x. Average trailing P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 100% over the past three years. Reported Earnings • Nov 07
Third quarter 2021 earnings released: EPS NT$0.18 (vs NT$0.12 loss in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: NT$394.2m (down 3.4% from 3Q 2020). Net income: NT$9.26m (up NT$15.1m from 3Q 2020). Profit margin: 2.3% (up from net loss in 3Q 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 11
Second quarter 2021 earnings released: EPS NT$0.25 (vs NT$0.10 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$592.1m (up 98% from 2Q 2020). Net income: NT$12.3m (up NT$17.5m from 2Q 2020). Profit margin: 2.1% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 09
First quarter 2021 earnings released: EPS NT$0.18 (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$541.9m (up 142% from 1Q 2020). Net income: NT$9.17m (up NT$15.5m from 1Q 2020). Profit margin: 1.7% (up from net loss in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 27% per year whereas the company’s share price has increased by 26% per year. Reported Earnings • Mar 19
Full year 2020 earnings released: NT$0.27 loss per share (vs NT$0.69 loss in FY 2019) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: NT$1.50b (up 10% from FY 2019). Net loss: NT$13.5m (loss narrowed 61% from FY 2019). Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 17% per year. Is New 90 Day High Low • Jan 04
New 90-day high: NT$14.85 The company is up 98% from its price of NT$7.50 on 07 October 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 16% over the same period. Is New 90 Day High Low • Dec 05
New 90-day high: NT$12.40 The company is up 91% from its price of NT$6.48 on 04 September 2020. The Taiwanese market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 9.0% over the same period. Reported Earnings • Nov 14
Third quarter 2020 earnings released: NT$0.12 loss per share The company reported a solid third quarter result with reduced losses and improved revenues and control over expenses. Third quarter 2020 results: Revenue: NT$407.9m (up 58% from 3Q 2019). Net loss: NT$5.83m (loss narrowed 55% from 3Q 2019). Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 5% per year. Is New 90 Day High Low • Nov 07
New 90-day high: NT$11.10 The company is up 79% from its price of NT$6.20 on 07 August 2020. The Taiwanese market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is down 4.0% over the same period. Is New 90 Day High Low • Oct 17
New 90-day high: NT$9.38 The company is up 48% from its price of NT$6.32 on 17 July 2020. The Taiwanese market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is down 4.0% over the same period.