CLSA Ltd yesterday gave a "buy" rating to Largan Precision Co (大立光), after the nation's leading maker of camera lenses again posted strong earnings results.
Largan posted revenues of NT$560 million (US$17.7 million) last month, flat compared with the previous month but up 160 percent year-on-year, the company said in a statement released yesterday.
"Supply chain checks suggested revenues [this month] will be flat or slightly higher than April's, followed by second-half momentum kicking off from June," CLSA analyst Vincent Chen (陳豊丰) wrote.
According to Chen, Largan has edges in design and production of handset-camera lenses. The company's global market share is set to reach 41 percent this year, and further climb to 50 percent next year.
Largan's shares dropped 2.6 percent to close at NT$675 on the Taiwan Stock Exchange yesterday.
Scott Lin (林耀英), Largan's chairman and chief executive, told investors on April 17 that the company expects the second quarter's momentum to remain flat.
The company's gross profit margin for the first quarter hit 61 percent, up from 42 percent a year ago.
Net income during the same period saw a rise of 356 percent to NT$822.25 million, while net sales expanded 189 percent to reach NT$1.62 billion, according to company statistics.
Earnings per share were NT$7.17 in the first three months, soaring from last year's NT$1.57.
Napoleon Osorio is proud of being the first taxi driver to have accepted payment in bitcoin in the first country in the world to make the cryptocurrency legal tender: El Salvador. He credits Salvadoran President Nayib Bukele’s decision to bank on bitcoin three years ago with changing his life. “Before I was unemployed... And now I have my own business,” said the 39-year-old businessman, who uses an app to charge for rides in bitcoin and now runs his own car rental company. Three years ago the leader of the Central American nation took a huge gamble when he put bitcoin
TECH RACE: The Chinese firm showed off its new Mate XT hours after the latest iPhone launch, but its price tag and limited supply could be drawbacks China’s Huawei Technologies Co (華為) yesterday unveiled the world’s first tri-foldable phone, as it seeks to expand its lead in the world’s biggest smartphone market and steal the spotlight from Apple Inc hours after it debuted a new iPhone. The Chinese tech giant showed off its new Mate XT, which users can fold three ways like an accordion screen door, during a launch ceremony in Shenzhen. The Mate XT comes in red and black and has a 10.2-inch display screen. At 3.6mm thick, it is the world’s slimmest foldable smartphone, Huawei said. The company’s Web site showed that it has garnered more than
CROSS-STRAIT TENSIONS: The US company could switch orders from TSMC to alternative suppliers, but that would lower chip quality, CEO Jensen Huang said Nvidia Corp CEO Jensen Huang (黃仁勳), whose products have become the hottest commodity in the technology world, on Wednesday said that the scramble for a limited amount of supply has frustrated some customers and raised tensions. “The demand on it is so great, and everyone wants to be first and everyone wants to be most,” he told the audience at a Goldman Sachs Group Inc technology conference in San Francisco. “We probably have more emotional customers today. Deservedly so. It’s tense. We’re trying to do the best we can.” Huang’s company is experiencing strong demand for its latest generation of chips, called
Vanguard International Semiconductor Corp (世界先進) and Episil Technologies Inc (漢磊) yesterday announced plans to jointly build an 8-inch fab to produce silicon carbide (SiC) chips through an equity acquisition deal. SiC chips offer higher efficiency and lower energy loss than pure silicon chips, and they are able to operate at higher temperatures. They have become crucial to the development of electric vehicles, artificial intelligence data centers, green energy storage and industrial devices. Vanguard, a contract chipmaker focused on making power management chips and driver ICs for displays, is to acquire a 13 percent stake in Episil for NT$2.48 billion (US$77.1 million).
RSS