Wire harness maker BizLink Holding Inc (貿聯) yesterday saw its share price climb 2.83 percent to close at NT$308.5, marking its highest level in the firm’s history.
The stock has risen by more than 80 percent since the beginning of this year, market data showed.
The strong performance came after the company last quarter posted record-high revenue of NT$4.47 billion (US$148 million), a 22 percent increase quarter-on-quarter and an 88.3 percent surge year-on-year.
That brought the company’s cumulative revenue in the first nine months of this year to NT$10.46 billion, representing a 55.92 percent jump from NT$6.71 billion the same period last year, data showed.
The firm mainly attributed the surge in sales to the acquisition of Germany-based Leoni AG, as well as growing orders from its global customers in the automotive industry, including US-based Tesla Inc.
BizLink has been seen as a “Tesla concept stock” since the company began to distribute harnesses to the world’s largest electric car maker.
Car-related products remain the firm’s major revenue generator, making up nearly 30 percent of BizLink’s total sales, company data showed.
BizLink is considering manufacturing additional customized wire harnesses for charging stations or energy storage equipment, with an eye on the business potential of the after-sales service market for electric cars.
It is also planning to expand capacity at its plants in California and Texas to meet rising customer demand, the company said.
However, the company did not not provide a specific target for either plant.
Meanwhile, the BizLink board has approved a plan to raise new capital by issuing 3 million shares in a bid to replenish its operational capital, a company filing with the Taiwan Stock Exchange said.
The company — which has paid-in capital of NT$1.16 billion — plans to price the new shares at between NT$220 and NT$270 apiece, the filing said.
Among the rows of vibrators, rubber torsos and leather harnesses at a Chinese sex toys exhibition in Shanghai this weekend, the beginnings of an artificial intelligence (AI)-driven shift in the industry quietly pulsed. China manufactures about 70 percent of the world’s sex toys, most of it the “hardware” on display at the fair — whether that be technicolor tentacled dildos or hyper-realistic personalized silicone dolls. Yet smart toys have been rising in popularity for some time. Many major European and US brands already offer tech-enhanced products that can enable long-distance love, monitor well-being and even bring people one step closer to
Malaysia’s leader yesterday announced plans to build a massive semiconductor design park, aiming to boost the Southeast Asian nation’s role in the global chip industry. A prominent player in the semiconductor industry for decades, Malaysia accounts for an estimated 13 percent of global back-end manufacturing, according to German tech giant Bosch. Now it wants to go beyond production and emerge as a chip design powerhouse too, Malaysian Prime Minister Anwar Ibrahim said. “I am pleased to announce the largest IC (integrated circuit) Design Park in Southeast Asia, that will house world-class anchor tenants and collaborate with global companies such as Arm [Holdings PLC],”
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