STRONG DEMAND:In the first four months of this year, Paiho reported an annual increase of 44.1 percent in its net income to NT$532.69 million
Date: May 14, 2016
By: Aileen Chuang / Staff reporter
Taiwan Paiho Ltd (台灣百和) shares have outperformed the local main bourse by nearly 28 percent so far this year, reflecting investor optimism about robust contributions from the company’s new products.
It also indicates positive market sentiment toward the company’s growth potential this year, driven by the strong revenue growth for elastic tapes, molded hooks and shoelaces.
Established in 1985, Taiwan Paiho’s products are auxiliary materials used in ready-to-wear apparel and footwear like webbing, touch fasteners, elastic tapes, molded hooks and shoelaces. The company’s clients are well-known brands such as Nike, Adidas, New Balance, Nautica and Columbia.
In the first four months of the year, the sports goods and apparel accessories maker reported an annual increase of 44.1 percent in net income to NT$532.69 million (US$16.51 million), with earnings per share rising to NT$1.72 from NT$1.24 a year ago. [FULL STORY]