Upcoming Dividend • Jun 18
Upcoming dividend of NT$1.24 per share Eligible shareholders must have bought the stock before 25 June 2026. Payment date: 23 July 2026. Payout ratio is on the higher end at 86% but the company is not cash flow positive. Trailing yield: 3.2%. Lower than top quartile of Taiwanese dividend payers (4.9%). Lower than average of industry peers (4.4%). Reported Earnings • May 06
First quarter 2026 earnings released: EPS: NT$0.41 (vs NT$0.37 in 1Q 2025) First quarter 2026 results: EPS: NT$0.41 (up from NT$0.37 in 1Q 2025). Revenue: NT$1.15b (down 6.7% from 1Q 2025). Net income: NT$14.3m (up 12% from 1Q 2025). Profit margin: 1.2% (up from 1.0% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 9.7% growth forecast for the Specialty Retail industry in Asia. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 28% per year, which means it is performing significantly worse than earnings. Reported Earnings • Apr 05
Full year 2025 earnings released: EPS: NT$1.44 (vs NT$1.36 in FY 2024) Full year 2025 results: EPS: NT$1.44 (up from NT$1.36 in FY 2024). Revenue: NT$5.52b (up 28% from FY 2024). Net income: NT$50.5m (up 6.3% from FY 2024). Profit margin: 0.9% (down from 1.1% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.7% p.a. on average during the next 2 years, compared to a 9.3% growth forecast for the Specialty Retail industry in Asia. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 32% per year, which means it is performing significantly worse than earnings. Tillkännagivande • Mar 26
Acer Gaming Inc. has completed a Follow-on Equity Offering in the amount of TWD 87.2 million. Acer Gaming Inc. has completed a Follow-on Equity Offering in the amount of TWD 87.2 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 692,000
Price\Range: TWD 38.66
Security Name: Shares
Security Type: Common Stock
Securities Offered: 1,488,000
Price\Range: TWD 40.623172 New Risk • Mar 25
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 8.8% 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 (8.8% average weekly change). Market cap is less than US$100m (NT$1.68b market cap, or US$52.7m). Declared Dividend • Mar 11
Dividend increased to NT$1.24 Dividend of NT$1.24 is 3.3% higher than last year. Ex-date: 25th June 2026 Payment date: 23rd July 2026 Dividend yield will be 2.0%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is covered by both earnings (72% earnings payout ratio) and cash flows (19% cash payout ratio). The dividend has increased by an average of 6.3% per year over the past 3 years and payments have been stable during that time. The company's earnings per share (EPS) would need to decline by 20% to shift the payout ratio to a potentially unsustainable range, which is more than the 11% EPS decline seen over the last 5 years. Reported Earnings • Nov 19
Third quarter 2025 earnings released: EPS: NT$0.32 (vs NT$0.32 in 3Q 2024) Third quarter 2025 results: EPS: NT$0.32 (in line with 3Q 2024). Revenue: NT$1.25b (up 14% from 3Q 2024). Net income: NT$11.1m (down 1.3% from 3Q 2024). Profit margin: 0.9% (down from 1.0% 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 17% 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. New Risk • Oct 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 6.7% 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 (6.7% average weekly change). Market cap is less than US$100m (NT$2.35b market cap, or US$76.3m). New Risk • Jul 11
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 6.6% 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 High level of non-cash earnings (30% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.6% average weekly change). Market cap is less than US$100m (NT$2.01b market cap, or US$68.7m). Upcoming Dividend • Jun 26
Upcoming dividend of NT$1.20 per share Eligible shareholders must have bought the stock before 03 July 2025. Payment date: 29 July 2025. Payout ratio is on the higher end at 88% but the company is not cash flow positive. Trailing yield: 2.0%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (3.7%). Valuation Update With 7 Day Price Move • Jun 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$59.90, the stock trades at a trailing P/E ratio of 44.1x. Average trailing P/E is 22x in the Specialty Retail industry in Taiwan. Total loss to shareholders of 17% over the past year. Reported Earnings • May 04
Full year 2024 earnings released: EPS: NT$1.36 (vs NT$1.70 in FY 2023) Full year 2024 results: EPS: NT$1.36 (down from NT$1.70 in FY 2023). Revenue: NT$4.30b (down 8.9% from FY 2023). Net income: NT$47.5m (down 20% from FY 2023). Profit margin: 1.1% (down from 1.3% in FY 2023). The decrease in margin was driven by lower revenue. New Risk • Apr 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 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 (6.3% average weekly change). Profit margins are more than 30% lower than last year (1.0% net profit margin). Market cap is less than US$100m (NT$1.99b market cap, or US$60.2m). Buy Or Sell Opportunity • Apr 07
Now 26% undervalued after recent price drop Over the last 90 days, the stock has fallen 7.3% to NT$56.10. The fair value is estimated to be NT$76.01, 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 year. Earnings per share has declined by 36%. Tillkännagivande • Mar 11
Acer Gaming Inc., Annual General Meeting, Jun 04, 2025 Acer Gaming Inc., Annual General Meeting, Jun 04, 2025. Location: 1 floor no,88, sec.1 hsin t`ai 5th rd., sijhih district, new taipei city Taiwan New Risk • Feb 28
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: Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Dividend is not well covered by earnings (95% payout ratio). Profit margins are more than 30% lower than last year (1.0% net profit margin). Market cap is less than US$100m (NT$2.44b market cap, or US$74.1m). Buy Or Sell Opportunity • Nov 05
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.1% to NT$65.50. The fair value is estimated to be NT$82.49, 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 year. Earnings per share has declined by 36%. Buy Or Sell Opportunity • Oct 14
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 12% to NT$65.00. The fair value is estimated to be NT$81.76, 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 year. Earnings per share has declined by 36%. Buy Or Sell Opportunity • Sep 27
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 13% to NT$64.30. The fair value is estimated to be NT$81.31, 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 year. Earnings per share has declined by 36%. Buy Or Sell Opportunity • Sep 10
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 14% to NT$63.30. The fair value is estimated to be NT$82.35, 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 year. Earnings per share has declined by 36%. New Risk • Jul 06
New minor risk - Dividend sustainability The company has a short dividend paying track record. Continuous dividend paying years: 1 Dividend yield: 1.6% This is considered a minor risk. For dividend focussed investors, companies that have not established a long-term track record of consistently maintaining or growing dividends are less attractive than those companies that have a long track record. Those that have a long track record have proven their underlying business is stable enough to consistently maintain or grow the dividend and that the company considers maintaining the dividend to be one of its priorities. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Short dividend paying track record (1 year of continuous dividend payments). Market cap is less than US$100m (NT$2.56b market cap, or US$78.8m). Upcoming Dividend • Jun 27
Upcoming dividend of NT$1.20 per share Eligible shareholders must have bought the stock before 04 July 2024. Payment date: 01 August 2024. Payout ratio is a comfortable 71% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Taiwanese dividend payers (4.2%). Lower than average of industry peers (3.4%). Reported Earnings • Apr 20
Full year 2023 earnings released: EPS: NT$1.70 (vs NT$1.91 in FY 2022) Full year 2023 results: EPS: NT$1.70. Revenue: NT$4.72b (up 109% from FY 2022). Net income: NT$59.3m (up 49% from FY 2022). Profit margin: 1.3% (down from 1.8% in FY 2022). The decrease in margin was driven by higher expenses. Tillkännagivande • Mar 17
Acer Gaming Inc., Annual General Meeting, Jun 06, 2024 Acer Gaming Inc., Annual General Meeting, Jun 06, 2024. New Risk • Feb 26
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: Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Profit margins are more than 30% lower than last year (1.6% net profit margin). Market cap is less than US$100m (NT$2.95b market cap, or US$93.2m). Reported Earnings • Aug 16
First half 2023 earnings released: EPS: NT$1.14 (vs NT$1.25 in 1H 2022) First half 2023 results: EPS: NT$1.14. Revenue: NT$2.51b (up 156% from 1H 2022). Net income: NT$40.1m (up 115% from 1H 2022). Profit margin: 1.6% (down from 1.9% in 1H 2022). The decrease in margin was driven by higher expenses. New Risk • Aug 12
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.00b (US$94.0m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (62% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Profit margins are more than 30% lower than last year (1.8% net profit margin). Market cap is less than US$100m (NT$3.00b market cap, or US$94.0m). Valuation Update With 7 Day Price Move • Aug 11
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to NT$85.70, the stock trades at a trailing P/E ratio of 75.3x. Average trailing P/E is 19x in the Specialty Retail industry in Taiwan. Reported Earnings • Apr 26
Full year 2022 earnings released: EPS: NT$1.91 (vs NT$9.69 in FY 2021) Full year 2022 results: EPS: NT$1.91. Revenue: NT$2.26b (up 77% from FY 2021). Net income: NT$39.8m (up 23% from FY 2021). Profit margin: 1.8% (down from 2.5% in FY 2021). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Dec 07
Investor sentiment improved over the past week After last week's 19% share price gain to NT$82.30, the stock trades at a trailing P/E ratio of 55x. Average trailing P/E is 20x in the Interactive Media and Services industry in Asia. 
