Mon, May 07, 2018 - Page 16 News List

Largan, Catcher see profits in slowdown

BRIGHT SPOT:Largan said most shipments are still higher-priced lenses. Analysts expect Huawei and Apple to launch triple-lens camera phones next year, driving industry adoption

By Kevin Chen  /  Staff reporter

Earnings per share in the first quarter came lower than KGI Securities Investment Advisory Co’s (凱基投顧) estimate of NT$5.27 and a market consensus forecast of NT$6.7.

Analysts said ahead of the data release that Catcher’s sales would be particularly strong in the second half of this year, closely aligned with customers’ scheduled launches of new products.

“The company’s sales in the first quarter were affected by weak iPhone demand and sales in the second quarter could be affected by the delayed launch of a new MacBook Air model,” KGI researchers led by Angela Hsiang (向子慧) said in a note on Monday last week.

KGI predicted that sales in the second half would be 65 percent higher than in the first half, and that profit in the second half would grow 124 percent from the previous half.

Overall, Catcher is likely to maintain its lead over metal casing peers in terms of profitability this year, thanks to its highly automated production lines and in-house development of cutters, tooling, fixture and feeder parts, which would allow the company to enjoy lower manufacturing costs, while having the capability to rapidly increase short-term production with a high yield and efficiency rate, KGI said.

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