Buy Or Sell Opportunity • Jun 09
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 13% to NT$39.95. The fair value is estimated to be NT$50.06, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 4.3%. Reported Earnings • May 06
First quarter 2026 earnings released: EPS: NT$0.67 (vs NT$0.95 in 1Q 2025) First quarter 2026 results: EPS: NT$0.67 (down from NT$0.95 in 1Q 2025). Revenue: NT$784.5m (flat on 1Q 2025). Net income: NT$61.9m (down 30% from 1Q 2025). Profit margin: 7.9% (down from 11% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 19
Upcoming dividend of NT$2.85 per share Eligible shareholders must have bought the stock before 26 March 2026. Payment date: 30 April 2026. Payout ratio is on the higher end at 83% but the company is not cash flow positive. Trailing yield: 6.1%. Within top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (4.5%). Reported Earnings • Mar 13
Full year 2025 earnings released: EPS: NT$3.80 (vs NT$3.59 in FY 2024) Full year 2025 results: EPS: NT$3.80 (up from NT$3.59 in FY 2024). Revenue: NT$3.24b (up 12% from FY 2024). Net income: NT$350.4m (up 11% from FY 2024). Profit margin: 11% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 09
Third quarter 2025 earnings released: EPS: NT$0.92 (vs NT$0.94 in 3Q 2024) Third quarter 2025 results: EPS: NT$0.92. Revenue: NT$805.3m (up 8.9% from 3Q 2024). Net income: NT$84.8m (up 2.6% from 3Q 2024). Profit margin: 11% (in line with 3Q 2024). Reported Earnings • Aug 06
Second quarter 2025 earnings released: EPS: NT$0.69 (vs NT$1.18 in 2Q 2024) Second quarter 2025 results: EPS: NT$0.69 (down from NT$1.18 in 2Q 2024). Revenue: NT$786.7m (up 2.9% from 2Q 2024). Net income: NT$62.9m (down 39% from 2Q 2024). Profit margin: 8.0% (down from 14% in 2Q 2024). The decrease in margin was driven by higher expenses. 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 11% per year. Declared Dividend • Jun 26
Dividend increased to NT$2.80 Dividend of NT$2.80 is 12% higher than last year. Ex-date: 9th July 2025 Payment date: 29th July 2025 Dividend yield will be 5.9%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (72% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 16% per year over the past 7 years and payments have been stable during that time. Earnings per share has grown by 11% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • May 08
First quarter 2025 earnings released: EPS: NT$0.95 (vs NT$0.65 in 1Q 2024) First quarter 2025 results: EPS: NT$0.95 (up from NT$0.65 in 1Q 2024). Revenue: NT$786.1m (up 26% from 1Q 2024). Net income: NT$87.8m (up 55% from 1Q 2024). Profit margin: 11% (up from 9.1% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Announcement • Apr 29
Chien Shing Harbour Service Company Limited to Report Q1, 2025 Results on May 06, 2025 Chien Shing Harbour Service Company Limited announced that they will report Q1, 2025 results on May 06, 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$40.85, the stock trades at a trailing P/E ratio of 11.8x. Average trailing P/E is 12x in the Logistics industry in Taiwan. Total returns to shareholders of 2.1% over the past three years. Reported Earnings • Mar 06
Full year 2024 earnings released: EPS: NT$3.59 (vs NT$3.25 in FY 2023) Full year 2024 results: EPS: NT$3.59 (up from NT$3.25 in FY 2023). Revenue: NT$2.90b (up 25% from FY 2023). Net income: NT$317.2m (up 11% from FY 2023). Profit margin: 11% (down from 12% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • Mar 05
Chien Shing Harbour Service Company Limited, Annual General Meeting, May 27, 2025 Chien Shing Harbour Service Company Limited, Annual General Meeting, May 27, 2025, at 09:00 Taipei Standard Time. Location: 4 floor no,1, t`ai wan ta tao, wuci district, taichung city Taiwan Announcement • Feb 25
Chien Shing Harbour Service Company Limited to Report Q4, 2024 Results on Mar 04, 2025 Chien Shing Harbour Service Company Limited announced that they will report Q4, 2024 results on Mar 04, 2025 Reported Earnings • Nov 10
Third quarter 2024 earnings released: EPS: NT$0.94 (vs NT$0.64 in 3Q 2023) Third quarter 2024 results: EPS: NT$0.94 (up from NT$0.64 in 3Q 2023). Revenue: NT$739.8m (up 30% from 3Q 2023). Net income: NT$82.7m (up 47% from 3Q 2023). Profit margin: 11% (up from 9.9% in 3Q 2023). The increase in margin was driven by higher revenue. 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 4% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 08
Second quarter 2024 earnings released: EPS: NT$1.18 (vs NT$0.61 in 2Q 2023) Second quarter 2024 results: EPS: NT$1.18 (up from NT$0.61 in 2Q 2023). Revenue: NT$764.4m (up 44% from 2Q 2023). Net income: NT$103.7m (up 94% from 2Q 2023). Profit margin: 14% (up from 10% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 34% 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. Announcement • Jul 30
Chien Shing Harbour Service Company Limited to Report Q2, 2024 Results on Aug 06, 2024 Chien Shing Harbour Service Company Limited announced that they will report Q2, 2024 results on Aug 06, 2024 Buy Or Sell Opportunity • Jul 10
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 15% to NT$52.10. The fair value is estimated to be NT$43.30, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.1% over the last 3 years. Earnings per share has declined by 28%. Upcoming Dividend • Jun 27
Upcoming dividend of NT$2.50 per share Eligible shareholders must have bought the stock before 04 July 2024. Payment date: 25 July 2024. Payout ratio is on the higher end at 85% but the company is not cash flow positive. Trailing yield: 5.1%. Within top quartile of Taiwanese dividend payers (4.2%). In line with average of industry peers (5.3%). Declared Dividend • Jun 08
Dividend of NT$2.50 announced Shareholders will receive a dividend of NT$2.50. Ex-date: 4th July 2024 Payment date: 25th July 2024 Dividend yield will be 5.1%, which is lower than the industry average of 5.7%. Sustainability & Growth Dividend is covered by earnings (85% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 16% per year over the past 6 years and payments have been stable during that time. Earnings per share has grown by 11% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Jun 08
Chien Shing Harbour Service Co. , Ltd Announces Cash Dividend on Common Stock, Payable on July 25, 2024 Chien Shing Harbour Service Co. Ltd. announced Cash dividend of TWD 219,334,795 (TWD 2.49994039 per share) of common stock. Ex-rights (ex-dividend) trading date: July 4, 2024. Ex-rights (ex-dividend) record date: July 10, 2024. Payment date of common stock cash dividend distribution: July 25, 2024. Date of the resolution by the board of directors or shareholders meeting or decision by the Company: June 6, 2024. Buy Or Sell Opportunity • Jun 03
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 14% to NT$50.20. The fair value is estimated to be NT$41.45, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.1% over the last 3 years. Earnings per share has declined by 28%. Announcement • May 10
Chien Shing Harbour Service Co. , Ltd Announces the Resignation of Wang, Chen-Huan as Member of the Audit Committee and Remuneration Committee Chien Shing Harbour Service Co. Ltd. announced the resignation of Wang, Chen-Huan as member of the Audit Committee and Remuneration Committee. Resume of the previous position holder: Independent director of the company. Reason for the change: Resigned as director due to busy business. The company received a letter of resignation on May 9, 2024, effective immediately. Reported Earnings • May 08
First quarter 2024 earnings released: EPS: NT$0.65 (vs NT$0.95 in 1Q 2023) First quarter 2024 results: EPS: NT$0.65 (down from NT$0.95 in 1Q 2023). Revenue: NT$625.1m (up 21% from 1Q 2023). Net income: NT$56.7m (down 32% from 1Q 2023). Profit margin: 9.1% (down from 16% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Reported Earnings • Mar 12
Full year 2023 earnings released: EPS: NT$3.25 (vs NT$2.98 in FY 2022) Full year 2023 results: EPS: NT$3.25 (up from NT$2.98 in FY 2022). Revenue: NT$2.32b (flat on FY 2022). Net income: NT$285.0m (up 9.8% from FY 2022). Profit margin: 12% (up from 11% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Announcement • Mar 07
Chien Shing Harbour Service Co. , Ltd Announces President Changes Chien Shing Harbour Service Co. Ltd. approved the appointment of Ko, Sheng-Chung, Vice president as president of the company in place of Chen, Yen-Min, the chairman of the company doubles as president. Circumstances of change: job transition. Reason for the change: Cooperate with company operational plan. Effective date of the new appointment: March 5, 2024. Mr. Chen, Yen-Min, who is the chairman of the company doubles as president resigned as president, and the vice president, Ko, Sheng-Chung, who will take over as the president from the date of resolution by the board of directors. Announcement • Mar 06
Chien Shing Harbour Service Co. , Ltd, Annual General Meeting, May 24, 2024 Chien Shing Harbour Service Co. , Ltd, Annual General Meeting, May 24, 2024. Location: Farmers Association Industry Culture Building in Wuqi District.(No. 85, Sec. 2, Wenhua Rd., Wuqi Dist.) Taichung City Taiwan Agenda: To consider the 2023 Business Report; to consider the Audit Committee's review on the 2023 annual Financial Statements Report; to report 2023 employees and directors profit sharing bonus and compensation; to report the amendments of rules and procedures of Board of Director meeting; to report Endorsements and Guarantees of other companies; to consider the 2023 Business Report and Financial Statements; to consider the 2023 Profit Distribution; and to consider the amendment to partial articles of the Operational. Reported Earnings • Nov 10
Third quarter 2023 earnings released: EPS: NT$0.64 (vs NT$1.38 in 3Q 2022) Third quarter 2023 results: EPS: NT$0.64 (down from NT$1.38 in 3Q 2022). Revenue: NT$568.3m (down 13% from 3Q 2022). Net income: NT$56.1m (down 54% from 3Q 2022). Profit margin: 9.9% (down from 19% in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Announcement • Aug 18
Chien Shing Harbour Service Co. , Ltd Announces the Appointment of Chen Xiu Bao as Chief Accounting Office Chien Shing Harbour Service Co. Ltd. announced the appointment of Chen Xiu bao as Chief Accounting Officer, effective August 16, 2023. Reported Earnings • Aug 10
Second quarter 2023 earnings released: EPS: NT$0.61 (vs NT$0.11 in 2Q 2022) Second quarter 2023 results: EPS: NT$0.61 (up from NT$0.11 in 2Q 2022). Revenue: NT$531.5m (down 7.8% from 2Q 2022). Net income: NT$53.5m (up 478% from 2Q 2022). Profit margin: 10% (up from 1.6% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Jul 04
Upcoming dividend of NT$2.50 per share at 5.4% yield Eligible shareholders must have bought the stock before 11 July 2023. Payment date: 28 July 2023. Payout ratio is on the higher end at 79% but the company is not cash flow positive. Trailing yield: 5.4%. Within top quartile of Taiwanese dividend payers (5.4%). Lower than average of industry peers (6.5%). Reported Earnings • Jun 19
First quarter 2023 earnings released: EPS: NT$0.95 (vs NT$0.75 in 1Q 2022) First quarter 2023 results: EPS: NT$0.95 (up from NT$0.75 in 1Q 2022). Revenue: NT$518.4m (down 4.1% from 1Q 2022). Net income: NT$83.6m (up 32% from 1Q 2022). Profit margin: 16% (up from 12% in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jun 13
Chien Shing Harbour Service Co.,Ltd. Approves Cash Dividend for the Year 2022, Payable on July 28,2023 Chien Shing Harbour Service Co.,Ltd. held its shareholders meeting on June 12, 2023, approved the type and monetary amount of dividend distribution: Cash dividends TWD 219,329,845 (TWD 2.5 per share) of common stock. Ex-rights (ex-dividend) trading date is July 11, 2023, Ex-rights (ex-dividend) record date is July 17, 2023, Payment date of cash dividend distribution: July 28, 2023. Reported Earnings • Mar 23
Full year 2022 earnings released: EPS: NT$2.98 (vs NT$7.11 in FY 2021) Full year 2022 results: EPS: NT$2.98 (down from NT$7.11 in FY 2021). Revenue: NT$2.34b (down 4.5% from FY 2021). Net income: NT$259.6m (down 55% from FY 2021). Profit margin: 11% (down from 24% in FY 2021). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 10
Third quarter 2022 earnings released: EPS: NT$1.38 (vs NT$0.87 in 3Q 2021) Third quarter 2022 results: EPS: NT$1.38 (up from NT$0.87 in 3Q 2021). Revenue: NT$652.6m (down 14% from 3Q 2021). Net income: NT$121.0m (up 72% from 3Q 2021). Profit margin: 19% (up from 9.3% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 18
Investor sentiment improved over the past week After last week's 15% share price gain to NT$39.20, the stock trades at a trailing P/E ratio of 16.1x. Average trailing P/E is 14x in the Logistics industry in Taiwan. Total returns to shareholders of 105% over the past three years. Reported Earnings • Aug 11
Second quarter 2022 earnings released: EPS: NT$0.11 (vs NT$4.43 in 2Q 2021) Second quarter 2022 results: EPS: NT$0.11 (down from NT$4.43 in 2Q 2021). Revenue: NT$576.4m (up 2.4% from 2Q 2021). Net income: NT$9.26m (down 97% from 2Q 2021). Profit margin: 1.6% (down from 64% in 2Q 2021). 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 14% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jul 07
Upcoming dividend of NT$2.80 per share Eligible shareholders must have bought the stock before 14 July 2022. Payment date: 28 July 2022. Payout ratio is a comfortable 41% but the company is not cash flow positive. Trailing yield: 7.6%. Within top quartile of Taiwanese dividend payers (6.8%). In line with average of industry peers (8.1%). Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment deteriorated over the past week After last week's 16% share price decline to NT$35.10, the stock trades at a trailing P/E ratio of 5.5x. Average trailing P/E is 6x in the Logistics industry in Taiwan. Total returns to shareholders of 82% over the past three years. Buying Opportunity • Jun 20
Now 24% undervalued after recent price drop Over the last 90 days, the stock is down 22%. The fair value is estimated to be NT$50.38, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 57%. Announcement • Jun 18
Chien Shing Harbour Service Co.,Ltd. Approves Cash Dividend for the Year 2021, Payable on July 28,2022 Chien Shing Harbour Service Co.,Ltd. held its shareholders meeting on June 17, 2022, approved the type and monetary amount of dividend distribution: Cash dividends TWD 245,649,426 (TWD 2.8 per share) of common stock. Ex-rights (ex-dividend) trading date is July 14, 2022, Ex-rights (ex-dividend) record date is July 20, 2022, distribution date of cash dividends is July 28,2022. Announcement • May 28
Chien Shing Harbour Service Co.,Ltd. Announces Board of Directors Elected the Chairman Date of the board of directors resolution or date of occurrence of the change: 2022/05/27. Position: Chairman. Name of the previous position holder: Chen, Yin-Hai. Resume of the previous position holder: Chairman of Chien Shing Harbour Service Co. Ltd. Name of the new position holder: Chen, Yen-Min. Resume of the new position holder: General Manager of Chien Shing Harbour Service Co. Ltd. . Circumstances of change: retirement. Reason for the change: Re-election of directors after the term expired and elect chairman. Effective date of the new appointment:2022/05/27. Reported Earnings • May 13
First quarter 2022 earnings released: EPS: NT$0.75 (vs NT$0.94 in 1Q 2021) First quarter 2022 results: EPS: NT$0.75 (down from NT$0.94 in 1Q 2021). Revenue: NT$540.8m (up 10% from 1Q 2021). Net income: NT$63.5m (down 17% from 1Q 2021). Profit margin: 12% (down from 16% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 11
Third quarter 2021 earnings released: EPS NT$0.87 (vs NT$0.64 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: NT$757.9m (up 63% from 3Q 2020). Net income: NT$70.5m (up 35% from 3Q 2020). Profit margin: 9.3% (down from 11% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 11
Investor sentiment improved over the past week After last week's 17% share price gain to NT$67.10, the stock trades at a trailing P/E ratio of 9.6x. Average trailing P/E is 10x in the Logistics industry in Taiwan. Total returns to shareholders of 196% over the past three years. Valuation Update With 7 Day Price Move • Sep 03
Investor sentiment deteriorated over the past week After last week's 16% share price decline to NT$69.00, the stock trades at a trailing P/E ratio of 9.9x. Average trailing P/E is 11x in the Logistics industry in Taiwan. Total returns to shareholders of 214% over the past three years. Valuation Update With 7 Day Price Move • Aug 18
Investor sentiment improved over the past week After last week's 25% share price gain to NT$69.50, the stock trades at a trailing P/E ratio of 10x. Average trailing P/E is 10x in the Logistics industry in Taiwan. Total returns to shareholders of 224% over the past three years. Reported Earnings • Aug 12
Second quarter 2021 earnings released: EPS NT$4.42 (vs NT$0.72 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$563.0m (up 16% from 2Q 2020). Net income: NT$359.0m (up NT$300.2m from 2Q 2020). Profit margin: 64% (up from 12% in 2Q 2020). The increase in margin was primarily driven by lower expenses. 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 31% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jul 29
Upcoming dividend of NT$1.50 per share Eligible shareholders must have bought the stock before 05 August 2021. Payment date: 31 August 2021. Trailing yield: 2.8%. Lower than top quartile of Taiwanese dividend payers (5.0%). In line with average of industry peers (3.0%). Valuation Update With 7 Day Price Move • Jul 27
Investor sentiment improved over the past week After last week's 19% share price gain to NT$53.30, the stock trades at a trailing P/E ratio of 16.3x. Average trailing P/E is 17x in the Logistics industry in Taiwan. Total returns to shareholders of 134% over the past three years. Valuation Update With 7 Day Price Move • Jun 21
Investor sentiment improved over the past week After last week's 23% share price gain to NT$47.90, the stock trades at a trailing P/E ratio of 14.7x. Average trailing P/E is 18x in the Logistics industry in Taiwan. Total returns to shareholders of 104% over the past three years. Valuation Update With 7 Day Price Move • May 24
Investor sentiment improved over the past week After last week's 19% share price gain to NT$35.50, the stock trades at a trailing P/E ratio of 10.9x. Average trailing P/E is 11x in the Logistics industry in Taiwan. Total returns to shareholders of 64% over the past three years. Reported Earnings • May 13
First quarter 2021 earnings released: EPS NT$0.94 (vs NT$0.42 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$490.0m (up 3.5% from 1Q 2020). Net income: NT$76.4m (up 126% from 1Q 2020). Profit margin: 16% (up from 7.1% in 1Q 2020). The increase in margin was primarily driven by lower expenses. 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 10% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 21
Investor sentiment improved over the past week After last week's 18% share price gain to NT$37.85, the stock trades at a trailing P/E ratio of 13.8x. Average trailing P/E is 13x in the Logistics industry in Taiwan. Total returns to shareholders of 72% over the past three years. Reported Earnings • Mar 24
Full year 2020 earnings released: EPS NT$2.73 (vs NT$1.92 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$1.90b (up 3.8% from FY 2019). Net income: NT$221.9m (up 43% from FY 2019). Profit margin: 12% (up from 8.5% in FY 2019). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Announcement • Mar 17
Chien Shing Harbour Service Co.,Ltd., Annual General Meeting, Jun 07, 2021 Chien Shing Harbour Service Co.,Ltd., Annual General Meeting, Jun 07, 2021. Location: No. 85, Sec. 2, Industry Culture Building in Wuqi District Taichung City Taiwan Agenda: To consider 2020 business report; to audit committee's review on the 2020 annual financial statements report; to to report 2020 employees and directors profit sharing bonus and compensation; to report the amendments of rules and procedures of board of director meeting; to report the amendments of ethical corporate management best principles; to report the amendments of corporate governance best practice principles; to report the amendments of corporate social responsibility best practice principles; and to consider other matter. Announcement • Jan 21
Chien Shing Harbour Service Co.,Ltd., Annual General Meeting, Jan 20, 2021 Chien Shing Harbour Service Co.,Ltd., Annual General Meeting, Jan 20, 2021. Agenda: To consider acquiring right-of-use of land by engaging others to build on rented land. Is New 90 Day High Low • Jan 05
New 90-day high: NT$32.90 The company is up 20% from its price of NT$27.35 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 Logistics industry, which is up 15% over the same period. Is New 90 Day High Low • Dec 10
New 90-day high: NT$28.20 The company is up 5.0% from its price of NT$26.90 on 11 September 2020. The Taiwanese market is up 13% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Logistics industry, which is also up 5.0% over the same period. Reported Earnings • Nov 12
Third quarter 2020 earnings released: EPS NT$0.64 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: NT$465.1m (down 4.7% from 3Q 2019). Net income: NT$52.2m (up 20% from 3Q 2019). Profit margin: 11% (up from 8.9% in 3Q 2019). The increase in margin was driven by lower expenses. 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 1% per year, which means it is significantly lagging earnings growth.