Buy Or Sell Opportunity • Apr 10
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 4.5% to NT$23.05. The fair value is estimated to be NT$19.03, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 83%. Announcement • Mar 19
Oriental System Technology Inc., Annual General Meeting, Jun 25, 2026 Oriental System Technology Inc., Annual General Meeting, Jun 25, 2026, at 09:00 Taipei Standard Time. Location: 4 floor no,1, kung yeh tung 2nd rd., hsinchu science park, hsinchu city Taiwan New Risk • Mar 18
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 11% 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 Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 53% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Market cap is less than US$100m (NT$966.6m market cap, or US$30.3m). Buy Or Sell Opportunity • Mar 17
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 7.2% to NT$23.05. The fair value is estimated to be NT$19.19, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 83%. New Risk • Mar 02
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 53% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Share price has been volatile over the past 3 months (8.7% average weekly change). Market cap is less than US$100m (NT$737.2m market cap, or US$23.4m). Buy Or Sell Opportunity • Jan 27
Now 21% overvalued Over the last 90 days, the stock has fallen 23% to NT$22.50. The fair value is estimated to be NT$18.64, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 83%. Buy Or Sell Opportunity • Jan 08
Now 22% overvalued Over the last 90 days, the stock has fallen 31% to NT$22.70. The fair value is estimated to be NT$18.65, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 83%. Buy Or Sell Opportunity • Dec 16
Now 20% overvalued Over the last 90 days, the stock has fallen 20% to NT$22.40. The fair value is estimated to be NT$18.66, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 83%. Buy Or Sell Opportunity • Sep 05
Now 22% overvalued Over the last 90 days, the stock has fallen 3.8% to NT$23.00. The fair value is estimated to be NT$18.90, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 83%. New Risk • Aug 21
New major risk - Revenue and earnings growth Earnings have declined by 53% 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 Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 53% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (NT$849.3m market cap, or US$27.9m). Announcement • Apr 01
Oriental System Technology Inc., Annual General Meeting, Jun 18, 2025 Oriental System Technology Inc., Annual General Meeting, Jun 18, 2025, at 09:00 Taipei Standard Time. Location: 4 floor no,1, kung yeh tung 2nd rd., hsinchu science park, hsinchu city Taiwan New Risk • Mar 02
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 58% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Share price has been volatile over the past 3 months (7.6% average weekly change). Shareholders have been diluted in the past year (16% increase in shares outstanding). Market cap is less than US$100m (NT$923.3m market cap, or US$28.0m). New Risk • Jan 08
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% 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: Major Risk Earnings have declined by 58% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Shareholders have been diluted in the past year (16% increase in shares outstanding). Market cap is less than US$100m (NT$1.03b market cap, or US$31.3m). Reported Earnings • Apr 27
Full year 2023 earnings released: NT$1.57 loss per share (vs NT$4.88 loss in FY 2022) Full year 2023 results: NT$1.57 loss per share (improved from NT$4.88 loss in FY 2022). Revenue: NT$212.4m (up 5.1% from FY 2022). Net loss: NT$45.5m (loss narrowed 68% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. Announcement • Apr 04
Oriental System Technology Inc., Annual General Meeting, Jun 20, 2024 Oriental System Technology Inc., Annual General Meeting, Jun 20, 2024. New Risk • Mar 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (23% average weekly change). Earnings have declined by 54% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Market cap is less than US$100m (NT$1.07b market cap, or US$33.9m). Buy Or Sell Opportunity • Feb 19
Now 34% overvalued after recent price rise Over the last 90 days, the stock has risen 95% to NT$35.35. The fair value is estimated to be NT$26.43, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 65% over the last 3 years. Meanwhile, the company became loss making. Buying Opportunity • Nov 21
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 26%. The fair value is estimated to be NT$22.98, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 65% over the last 3 years. Meanwhile, the company became loss making. Buying Opportunity • Nov 01
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 24%. The fair value is estimated to be NT$23.38, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 65% over the last 3 years. Meanwhile, the company became loss making. Buying Opportunity • Sep 07
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 47%. The fair value is estimated to be NT$20.62, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 59% over the last year. Meanwhile, the company became loss making. Buying Opportunity • Aug 19
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 43%. The fair value is estimated to be NT$20.59, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 59% over the last year. Meanwhile, the company became loss making. Reported Earnings • May 02
Full year 2021 earnings released: NT$2.84 loss per share (vs NT$14.93 profit in FY 2020) Full year 2021 results: NT$2.84 loss per share (down from NT$14.93 profit in FY 2020). Revenue: NT$306.0m (down 75% from FY 2020). Net loss: NT$82.9m (down 121% from profit in FY 2020). Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment improved over the past week After last week's 17% share price gain to NT$45.00, the stock trades at a trailing P/E ratio of 18.1x. Average trailing P/E is 16x in the Electronic industry in Taiwan. Valuation Update With 7 Day Price Move • Sep 22
Investor sentiment deteriorated over the past week After last week's 20% share price decline to NT$47.80, the stock trades at a trailing P/E ratio of 19.2x. Average trailing P/E is 16x in the Electronic industry in Taiwan. Reported Earnings • Aug 18
First half 2021 earnings released: EPS NT$0.66 (vs NT$13.18 in 1H 2020) The company reported a poor first half result with weaker earnings, revenues and profit margins. First half 2021 results: Revenue: NT$182.1m (down 77% from 1H 2020). Net income: NT$19.4m (down 94% from 1H 2020). Profit margin: 11% (down from 44% in 1H 2020). The decrease in margin was driven by lower revenue. Reported Earnings • Apr 30
Full year 2020 earnings released: EPS NT$14.93 (vs NT$1.06 loss in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$1.21b (up NT$1.08b from FY 2019). Net income: NT$402.5m (up NT$431.0m from FY 2019). Profit margin: 33% (up from net loss in FY 2019). The move to profitability was driven by higher revenue. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment deteriorated over the past week After last week's 16% share price decline to NT$86.00, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 20x in the Electronic industry in Taiwan. Valuation Update With 7 Day Price Move • Mar 29
Investor sentiment improved over the past week After last week's 16% share price gain to NT$104, the stock trades at a trailing P/E ratio of 8.3x. Average trailing P/E is 19x in the Electronic industry in Taiwan. Valuation Update With 7 Day Price Move • Feb 18
Investor sentiment deteriorated over the past week After last week's 17% share price decline to NT$95.40, the stock is trading at a trailing P/E ratio of 7.6x, down from the previous P/E ratio of 9.2x. This compares to an average P/E of 18x in the Electronic industry in Taiwan.