GOLF CLUB HEADS: Jih Sun Securities said that it is positive about global demand for golf products with the Tokyo Olympics next year and growth potential in China
Taipei Times
Date: Jul 29, 2019
By: Kwan Shin-han / Staff reporter
O-Ta Precision Industry Co Ltd (大田精密), the world’s third-largest maker of heads for golf clubs, expects profit for the second half of the year to grow on the back of increased shipments of high-margin products.
“Orders from our top five customers have increased annually so far this year,” an O-Ta public relations official told the Taipei Times by telephone on Friday.
The official declined to provide growth rates in orders from its top five clients, but said sales and profits this year would be better than expected.
“The growth momentum is expected to continue into the second half of the year,” said the official, who asked to remain anonymous. [FULL STORY]