New Risk • Jun 05
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 12% 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 (12% average weekly change). High level of non-cash earnings (86% accrual ratio). Valuation Update With 7 Day Price Move • May 25
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$52.90, the stock trades at a trailing P/E ratio of 21.6x. Average trailing P/E is 37x in the Electronic industry in Taiwan. Total returns to shareholders of 409% over the past three years. Reported Earnings • May 16
First quarter 2026 earnings released: EPS: NT$1.00 (vs NT$0.10 loss in 1Q 2025) First quarter 2026 results: EPS: NT$1.00 (up from NT$0.10 loss in 1Q 2025). Revenue: NT$776.3m (up 433% from 1Q 2025). Net income: NT$197.8m (up NT$209.8m from 1Q 2025). Profit margin: 26% (up from net loss in 1Q 2025). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 62% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 20
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to NT$47.55, the stock trades at a trailing P/E ratio of 70.1x. Average trailing P/E is 25x in the Electronic industry in Taiwan. Total returns to shareholders of 371% over the past three years. Reported Earnings • Mar 14
Full year 2025 earnings released: EPS: NT$0.68 (vs NT$0.21 in FY 2024) Full year 2025 results: EPS: NT$0.68 (up from NT$0.21 in FY 2024). Revenue: NT$909.9m (up 63% from FY 2024). Net income: NT$80.2m (up 226% from FY 2024). Profit margin: 8.8% (up from 4.4% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 59% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Mar 09
Kuen Chaang Uppertech Corp., Annual General Meeting, Jun 26, 2026 Kuen Chaang Uppertech Corp., Annual General Meeting, Jun 26, 2026. Location: 2 floor no,219, sec.3 chung hsing rd., sindian district, new taipei city Taiwan Reported Earnings • Nov 15
Third quarter 2025 earnings released: EPS: NT$0.85 (vs NT$0.29 loss in 3Q 2024) Third quarter 2025 results: EPS: NT$0.85 (up from NT$0.29 loss in 3Q 2024). Revenue: NT$244.9m (up 124% from 3Q 2024). Net income: NT$100.1m (up NT$134.9m from 3Q 2024). Profit margin: 41% (up from net loss in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings. New Risk • Sep 18
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 6.8% 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: Major Risk Earnings have declined by 15% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Market cap is less than US$100m (NT$1.54b market cap, or US$51.1m). Reported Earnings • Aug 17
Second quarter 2025 earnings released: NT$0.99 loss per share (vs NT$0.12 profit in 2Q 2024) Second quarter 2025 results: NT$0.99 loss per share (down from NT$0.12 profit in 2Q 2024). Revenue: NT$143.1m (up 9.0% from 2Q 2024). Net loss: NT$117.0m (down NT$131.5m from profit in 2Q 2024). 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 5% per year, which means it has not declined as severely as earnings. Tillkännagivande • Jun 20
Kuen Chaang Uppertech Corp. Approves Board Elections Kuen Chaang Uppertech Corp. at its AGM held on June 19, 2025, elected Wu, Tai Ju, Ho, Chieh Hsiung as Directors, Chen, Chao Liang, Lee, Chin Ting, Lien, Hai Shan, Huang, Chuang Yi as Independent Directors. New Risk • May 18
New major risk - Revenue and earnings growth Earnings have declined by 2.2% 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 2.2% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$1.16b market cap, or US$38.3m). Reported Earnings • May 18
First quarter 2025 earnings released: NT$0.10 loss per share (vs NT$0.31 profit in 1Q 2024) First quarter 2025 results: NT$0.10 loss per share (down from NT$0.31 profit in 1Q 2024). Revenue: NT$145.8m (down 22% from 1Q 2024). Net loss: NT$12.0m (down 133% from profit in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Tillkännagivande • May 01
Kuen Chaang Uppertech Corp. to Report Q1, 2025 Results on May 09, 2025 Kuen Chaang Uppertech Corp. announced that they will report Q1, 2025 results on May 09, 2025 New Risk • Apr 10
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 8.0% 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 (8.0% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (NT$967.8m market cap, or US$29.5m). Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to NT$8.27, the stock trades at a trailing P/E ratio of 39.7x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total loss to shareholders of 32% over the past three years. New Risk • Apr 01
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 35% 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. Market cap is less than US$100m (NT$1.14b market cap, or US$34.2m). Reported Earnings • Mar 19
Full year 2024 earnings released: EPS: NT$0.21 (vs NT$0.58 loss in FY 2023) Full year 2024 results: EPS: NT$0.21 (up from NT$0.58 loss in FY 2023). Revenue: NT$558.7m (down 21% from FY 2023). Net income: NT$24.6m (up NT$93.3m from FY 2023). Profit margin: 4.4% (up from net loss in FY 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Tillkännagivande • Mar 10
Kuen Chaang Uppertech Corp., Annual General Meeting, Jun 19, 2025 Kuen Chaang Uppertech Corp., Annual General Meeting, Jun 19, 2025. Location: 2 floor no,219, sec.3 chung hsing rd., sindian district, new taipei city Taiwan Tillkännagivande • Feb 27
Kuen Chaang Uppertech Corp. to Report Q4, 2024 Results on Mar 07, 2025 Kuen Chaang Uppertech Corp. announced that they will report Q4, 2024 results on Mar 07, 2025 New Risk • Dec 07
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 354% 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 Risk Earnings have declined by 12% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (NT$1.32b market cap, or US$40.8m). Reported Earnings • Nov 18
Third quarter 2024 earnings released: NT$0.29 loss per share (vs NT$0.15 profit in 3Q 2023) Third quarter 2024 results: NT$0.29 loss per share (down from NT$0.15 profit in 3Q 2023). Revenue: NT$109.2m (down 39% from 3Q 2023). Net loss: NT$34.8m (down 296% from profit in 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance. Tillkännagivande • Aug 02
Kuen Chaang Uppertech Corp. to Report Q2, 2024 Results on Aug 09, 2024 Kuen Chaang Uppertech Corp. announced that they will report Q2, 2024 results on Aug 09, 2024 Buy Or Sell Opportunity • Jul 29
Now 21% undervalued Over the last 90 days, the stock has risen 9.9% to NT$12.20. The fair value is estimated to be NT$15.39, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 22% over the last 3 years. Earnings per share has declined by 77%. New Risk • May 19
New major risk - Revenue and earnings growth Earnings have declined by 10% 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 10% per year over the past 5 years. 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$1.64b market cap, or US$51.0m). Reported Earnings • May 19
First quarter 2024 earnings released: EPS: NT$0.31 (vs NT$0.11 loss in 1Q 2023) First quarter 2024 results: EPS: NT$0.31 (up from NT$0.11 loss in 1Q 2023). Revenue: NT$185.8m (down 12% from 1Q 2023). Net income: NT$36.9m (up NT$49.6m from 1Q 2023). Profit margin: 20% (up from net loss in 1Q 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 20
Full year 2023 earnings released: NT$0.58 loss per share (vs NT$0.075 profit in FY 2022) Full year 2023 results: NT$0.58 loss per share (down from NT$0.075 profit in FY 2022). Revenue: NT$704.0m (down 44% from FY 2022). Net loss: NT$68.7m (down NT$77.5m from profit in FY 2022). Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Tillkännagivande • Mar 14
Kuen Chaang Uppertech Corp., Annual General Meeting, Jun 14, 2024 Kuen Chaang Uppertech Corp., Annual General Meeting, Jun 14, 2024. Location: 2F., No. 219, Sec. 3, Zhongxing Rd., Xindian Dist., New Taipei City Taiwan R.O.C. (One World Community Services Center Room 204) New Taipei City Taiwan Agenda: To consider The Company's 2023 2023 business report; to consider Audit Committee's review report on 2023 Financial Statements; to accept 2023 deficit compensation. 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 5.8% 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 (5.8% average weekly change). Market cap is less than US$100m (NT$1.60b market cap, or US$51.4m). Market cap is less than US$100m (NT$1.60b market cap, or US$51.4m). Reported Earnings • Nov 15
Third quarter 2023 earnings released: EPS: NT$0.15 (vs NT$0.25 in 3Q 2022) Third quarter 2023 results: EPS: NT$0.15 (down from NT$0.25 in 3Q 2022). Revenue: NT$179.8m (down 48% from 3Q 2022). Net income: NT$17.7m (down 39% from 3Q 2022). Profit margin: 9.9% (up from 8.5% in 3Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Reported Earnings • Aug 12
Second quarter 2023 earnings released: NT$0.54 loss per share (vs NT$0.081 profit in 2Q 2022) Second quarter 2023 results: NT$0.54 loss per share (down from NT$0.081 profit in 2Q 2022). Revenue: NT$127.4m (down 61% from 2Q 2022). Net loss: NT$64.0m (down NT$73.6m from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: NT$0.25 (vs NT$0.28 in 3Q 2021) Third quarter 2022 results: EPS: NT$0.25 (down from NT$0.28 in 3Q 2021). Revenue: NT$344.5m (down 20% from 3Q 2021). Net income: NT$29.2m (down 13% from 3Q 2021). Profit margin: 8.5% (up from 7.8% in 3Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 13
Third quarter 2022 earnings released: EPS: NT$0.25 (vs NT$0.28 in 3Q 2021) Third quarter 2022 results: EPS: NT$0.25 (down from NT$0.28 in 3Q 2021). Revenue: NT$344.5m (down 20% from 3Q 2021). Net income: NT$29.2m (down 13% from 3Q 2021). Profit margin: 8.5% (up from 7.8% in 3Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 18
Second quarter 2022 earnings released: EPS: NT$0.08 (vs NT$0.36 in 2Q 2021) Second quarter 2022 results: EPS: NT$0.08 (down from NT$0.36 in 2Q 2021). Revenue: NT$328.7m (down 16% from 2Q 2021). Net income: NT$9.60m (down 77% from 2Q 2021). Profit margin: 2.9% (down from 11% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 22
Investor sentiment improved over the past week After last week's 17% share price gain to NT$12.25, the stock trades at a trailing P/E ratio of 17.9x. Average trailing P/E is 13x in the Electronic industry in Taiwan. Total returns to shareholders of 113% 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 23% share price gain to NT$12.50, the stock trades at a trailing P/E ratio of 18.2x. Average trailing P/E is 13x in the Electronic industry in Taiwan. Total returns to shareholders of 117% over the past three years. Reported Earnings • May 16
First quarter 2022 earnings released: EPS: NT$0.09 (vs NT$0.04 in 1Q 2021) First quarter 2022 results: EPS: NT$0.09 (up from NT$0.04 in 1Q 2021). Revenue: NT$375.3m (up 16% from 1Q 2021). Net income: NT$10.1m (up 112% from 1Q 2021). Profit margin: 2.7% (up from 1.5% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 56% 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 • Apr 03
Full year 2021 earnings released: EPS: NT$0.64 (vs NT$0.25 loss in FY 2020) Full year 2021 results: EPS: NT$0.64 (up from NT$0.25 loss in FY 2020). Revenue: NT$1.61b (up 56% from FY 2020). Net income: NT$75.7m (up NT$105.0m from FY 2020). Profit margin: 4.7% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Mar 29
Kuen Chaang Uppertech Corp., Annual General Meeting, Jun 16, 2022 Kuen Chaang Uppertech Corp., Annual General Meeting, Jun 16, 2022. Valuation Update With 7 Day Price Move • Dec 06
Investor sentiment improved over the past week After last week's 24% share price gain to NT$19.45, the stock trades at a trailing P/E ratio of 30.1x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 262% over the past three years. Valuation Update With 7 Day Price Move • Nov 20
Investor sentiment improved over the past week After last week's 21% share price gain to NT$14.20, the stock trades at a trailing P/E ratio of 22x. Average trailing P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 171% over the past three years. Reported Earnings • Nov 15
Third quarter 2021 earnings released: EPS NT$0.29 (vs NT$0.16 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$431.8m (up 91% from 3Q 2020). Net income: NT$33.7m (up NT$53.0m from 3Q 2020). Profit margin: 7.8% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 02
Investor sentiment improved over the past week After last week's 20% share price gain to NT$12.15, the stock trades at a trailing P/E ratio of 61.3x. Average trailing P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 81% over the past three years. Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS NT$0.36 (vs NT$0.087 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$392.2m (up 63% from 2Q 2020). Net income: NT$42.6m (up NT$52.9m from 2Q 2020). Profit margin: 11% (up from net loss in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 17
First quarter 2021 earnings released: EPS NT$0.04 (vs NT$0.042 in 1Q 2020) The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: NT$322.9m (up 18% from 1Q 2020). Net income: NT$4.77m (down 4.5% from 1Q 2020). Profit margin: 1.5% (down from 1.8% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 31
Full year 2020 earnings released: NT$0.25 loss per share (vs NT$0.26 profit in FY 2019) The company reported a soft full year result with weaker earnings and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: NT$1.04b (up 18% from FY 2019). Net loss: NT$29.2m (down 195% from profit in FY 2019). Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Jan 11
New 90-day high: NT$8.48 The company is up 23% from its price of NT$6.92 on 14 October 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Electronic industry, which is up 24% over the same period. Is New 90 Day High Low • Dec 21
New 90-day high: NT$7.10 The company is up 3.0% from its price of NT$6.89 on 23 September 2020. The Taiwanese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 11% over the same period. Reported Earnings • Nov 14
Third quarter 2020 earnings released: NT$0.16 loss per share The company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: NT$225.8m (down 20% from 3Q 2019). Net loss: NT$19.3m (down 241% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. 