Hermes Microvision shares soar to close to 7% daily limit

By Kevin Chen  /  Staff reporter

Wed, May 01, 2013 - Page 14

Semiconductor equipment maker Hermes Microvision Inc (漢微科) saw its shares soar close to the daily limit of 7 percent yesterday, after reporting record earnings and revenue in the first quarter.

Shares in the company, which supplies electron-beam wafer inspection equipment to chipmakers, closed 6.67 percent higher at NT$895, remaining the highest priced stock on the local bourse.

Hermes Microvision’s shares have risen 68.23 percent so far this year, outperforming the GRETAI Stock Market index, which has increased 11.19 percent over the same period, according to the Taiwan Stock Exchange’s data.

Late on Monday, Hermes Microvision reported that net profit expanded 92.8 percent year-on-year and 9 percent quarter-on-quarter to NT$532 million in the first three months of the year, or earnings per share of NT$8.04.

Revenue rose 32.9 percent year-on-year and nearly 5 percent quarter-on-quarter to NT$1.21 billion, the company’s data showed.

Hermes Microvision has a more than 85 percent global market share in the e-beam inspection equipment market. With the company’s technological advantage and a stable recovery in the global semiconductor industry, analysts have forecast that Hermes Microvision would maintain its persistent growth this year.

“We forecast the company’s revenue to stay at high levels this quarter, growing 20 percent quarter-on-quarter and 34 percent year-on-year to NT$1.4 billion,” SinoPac Securities Co (永豐金證券) said in a note yesterday.

Net profit is likely to reach NT$600 million, up 12 percent sequentially and 46 percent higher annually, with earnings per share of NT$9.01, the brokerage forecast.

Expecting the company to exhibit a significant sales jump of 44 percent this year to NT$6 billion and a 65 percent increase in net profit to NT$2.5 billion, SinoPac yesterday suggested that investors hold the company's shares on a long-term basis. However, the brokerage did not offer its target price on the stock.