STOCK BOOST:Catcher said it would prefer to invest in operations and development or distribute higher cash dividends to shareholders, rather than buying back shares
Date: May 20, 2016
By: Lauly Li / Staff reporter, in Tainan
Catcher Technology Co (可成科技), a metal casing suppliers for Apple Inc’s iPhones, yesterday said it expects business to pick up in the second half of this year, as the company is to start shipping new products for clients next month.
“There are many clients launching new products next month, such as new notebooks or smartphones. The growth momentum in the second half is pretty strong,” Catcher chairman Allen Horng (洪水樹) told shareholders at the company’s annual general meeting in Tainan.
In addition, Catcher has received orders from a new US client for a smartwatch and the company is likely to start shipping the product from next quarter, Horng said.
The main growth driver in the second half is expected to be smartphones in terms of shipment volume and sales contribution, Horng said, with other contributions from notebook computers and other products. [FULL STORY]