Tue, Oct 08, 2013 - Page 14 News List

Catcher hopeful of better sales by the end of the year

By Helen Ku  /  Staff reporter

Metal casing manufacturer Catcher Technology Co (可成科技) yesterday said sales would rise from this month through the end of the year after the company on Saturday reported less-than-expected sales of NT$3.81 billion (US$129.56 million) last month.

The figure represents a 18.1 percent growth from NT$3.22 billion in August and a 26.7 percent increase from NT$3 billion in September last year, the company said in a filing to the Taiwan Stock Exchange.

The result showed Catcher, which supplies casings for Apple Inc, HTC Corp (宏達電) and Dell Inc, failed to meet its target of record high sales for last month.

“Because most smartphone vendors postponed their schedules and started shipping products from this month, sales last month fell short of the company’s estimate,” Catcher chief financial officer James Wu (巫俊毅) said by telephone yesterday.

“Shortage in labor supply in China was also a factor behind our less-than-expected sales last month,” he added.

Cumulative sales from January to September amounted to NT$30.13 billion, up 11.11 percent from NT$27.11 billion during the same period last year, according to the company.

Catcher hopes sales will climb higher in the remaining months of the year as Samsung Electronics Co, Sony and Apple launched their new smartphone products last month. HTC will introduce its new phablet HTC One Max later this month.

“Not only will new smartphone products be Catcher’s sales drivers over the following months, clients’ new tablets and laptops are also expected to boost Catcher’s orders and sales by the end of the year,” Wu said.

He said the company’s sales are likely to peak this quarter, as Apple is set to unveil its new-generation iPad and iPad mini tablets and PC brands like Acer Inc (宏碁) and Dell are planning to roll out Windows 8.1-supported products later this month.

Catcher expects its quarterly sales to reach between NT$10.5 billion and NT$11 billion this quarter, about 0.59 percent to 5.38 percent more than last quarter’s NT$10.43 billion, Wu added.

Shares in Catcher closed down 4.52 percent to NT$158.5 yesterday, underperforming the benchmark TAIEX, which fell 0.37 percent.

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