YC (4306) - Brief Comment
2012-04-02
Due to profits from the sale of subsidiary land last year, YC (4306) saw a 150.45% increase in net profit, with earnings per share reaching NT$4.16. The company plans to distribute a dividend of NT$3. The strong operational performance has led to a recent rise in the company's stock price. As the tape industry is a consumer goods sector less affected by economic fluctuations compared to others, and considering market demand, YC has acquired land in Dongguan for expansion, planning to add a PVC tape production line. Additionally, the company's subsidiary Xinzhou Global's "Package Master" chain, which opened 20 stores across Taiwan and China last year with an annual revenue target of NT$200 million, will continue to expand its store network this year.
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