 2016-06-13 |
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"Popular Stocks: YC Group's May Revenue Sees One Increase and Two Declines, Optimistic About H2"
June 13, 2016, 08:55 AM
By Wang Yi-xin, Taipei
YC Group announced its revenue performance for May. Despite a challenging economic environment and the impact of the May Day holiday, only YC saw a slight year-on-year revenue increase of 1.36%. Both Achem and Hsinchu Global experienced declines compared to the previous year. Looking ahead to the second half of the year, there is optimism about potential growth driven by the peak season.
YC (4306) reported consolidated revenue of NT$1.522 billion in May, up 1.36% from the same period last year. Cumulative revenue for the first five months of the year decreased by 0.15% compared to the previous year. Achem (1715) posted consolidated revenue of NT$950 million in May, a decrease of 10.02% year-on-year, with cumulative revenue for the first five months down by 5.32% compared to the previous year. Hsinchu Global (3171) recorded consolidated revenue of NT$140 million in May, a year-on-year decrease of 4.24%, but cumulative revenue for the first five months increased by 3.93% compared to the same period last year.
Achem noted that the May Day holiday led to a slowdown in order demand for May. However, with the Hainan plant set to start full-scale production in the second half of the year and stable raw material prices, revenue is expected to rise gradually each quarter.
Hsinchu Global reported a slight decline in revenue due to the overall economic downturn in Taiwan and a slowdown in orders from the food industry. Looking ahead, with improving market conditions and the completion of adjustments to the customer base in mainland China, along with upcoming shipments from several medium to large customers, the company expects strong performance in the second half of the year.
YC anticipates a cautiously optimistic outlook for the second half of the year. With stabilized crude oil prices and recovering petrochemical raw materials, and as plastic products enter the peak season, increased downstream demand is expected. If oil prices remain stable without significant fluctuations or further declines, the company expects a favorable performance in the latter half of the year. |
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