 2013-03-19 |
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Reporter Hui-Wen Chang / Taipei Report Benefiting from the gradual recovery of the economy and rising crude oil prices, YC (4306) and ACHEM (1715) reported significant growth in January’s performance. Their January revenue increased by 8% to 9.5% compared to December of the previous year and surged by 23% to 29% year-over-year. This news boosted the companies' stocks, with YC rising by NT$0.3 to close at NT$19.55, and ACHEM increasing by NT$0.15 to close at NT$14.5.
In January, YC’s consolidated revenue reached NT$1.566 billion, up 8% from NT$1.45 billion in December and up 29% from NT$1.212 billion in the same month last year. ACHEM reported a consolidated revenue of NT$855 million, up 9.5% from NT$781 million in December and up 23% from NT$694 million year-over-year.
YC Group attributed the January revenue growth to the improving economy and higher oil prices, marking a significant turnaround from last year’s downturn. Looking ahead, it is expected that the international economy will stabilize with political stability in China and the U.S. and gradual economic recovery. The global trend of monetary easing by central banks is likely to lead to a depreciation of global currencies, including the New Taiwan Dollar, which could boost export momentum. Both YC and ACHEM are anticipated to maintain stable revenue growth this year.
The group has been actively integrating its upstream and downstream operations while expanding its business across Taiwan, China, and Vietnam. It is expected that the new production lines will come online and fully operational by the second half of the year, contributing to increased revenue and profitability. Analysts also predict that YC’s new tape products from its Yangmei and Changbin plants in Taiwan will drive an annual growth rate of 15% to 20%. |
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