COMPETITION: Bigger rival Yageo warned of a slowdown this quarter, as its clients struggle with large inventories after Chinese demand wilted due to the trade dispute

Taipei Times
Date: Nov 03, 2018
By: Lisa Wang  /  Staff reporter

Passive components supplier Walsin Technology Corp (華新科技) yesterday saw its share price soar 9.76 percent, boosted by strong earnings results and a new share buyback plan.

Shares of Walsin Technology rallied to NT$157.50, outperforming the TAIEX, which inched up 0.63 percent, while shares of bigger rival Yageo Corp (國巨) slid 0.43 percent to NT$345.50.

Walsin Technology’s net profit more than doubled to NT$9.16 billion (US$298 million) last quarter from NT$4.37 billion in the second quarter, as a persistent supply crunch propelled prices amid an upcycle rarely seen in the industry’s history, the company said in a statement on Thursday.

Gross margin hit a record 70.7 percent last quarter from 56.7 percent in the previous quarter.    [FULL  STORY]