TOP PICK:Daiwan Capital has chosen Makalot as its most preferred stock in the textile sector, as it has high US market exposure and is heavily invested in functional clothing

Taipei Times
Date: Jul 22, 2015
By: Lauly Li  /  Staff reporter

Makalot Industrial Co (聚陽), a garment manufacturer for global clothing brands, expects this quarter and next quarter’s revenues to grow by at least a double-digit percentage year-on-year on the back of growing orders for functional clothing, Makalot chairman Frank Chou (周理平) said yesterday.

“The final quarter of the year is usually slow for Makalot due to seasonal factors, but thanks to a global increase in demand for sportswear, orders for the fourth quarter are at least 20 percent more than the same period last year,” Chou told reporters on the sidelines of an investors’ conference in Taipei.

Makalot reported unaudited pretax earnings of NT$1.32 billion (US$42.03 million) in the first half, up 29.1 percent annually, with consolidated revenue growing 12.4 percent to NT$10.75 billion from the same period last year.