 2012-08-13 |
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With rising international oil prices, film and tape customers are aggressively restocking inventory. YC (4306) posted NT$5.88 billion in revenue for July, up 52.8% month-over-month. However, its investment in ACHEM (1715) was impacted by delayed shipments from Middle Eastern orders, which limited growth. YC's consolidated July revenue reached NT$1.605 billion, reflecting a modest 0.88% increase. Despite expected fluctuations in August's revenue and the continued effects of delayed orders at ACHEM, August’s consolidated revenue is projected to gradually improve.
YC explained that tensions in the Middle East and rising international oil prices led to aggressive restocking by film and tape customers in July, significantly increasing order demand and driving overall revenue growth despite broader market challenges. ACHEM’s July revenue was NT$393 million, down 10.64% from the previous month, primarily due to delayed shipments from Middle Eastern customers. However, thanks to new production and increased shipments this year, its revenue still grew by 6.1% compared to the same period last year.
YC further noted that while the unrest in the Middle East and rising oil prices drove strong restocking activity in July, boosting overall revenue, the outlook for the second half of the year remains weak in terms of demand. Both YC and ACHEM expect stable performance in August, and if oil prices continue to rise, downstream restocking demand could persist, potentially enhancing revenue growth.
(News Source: Commercial Times – Reporter Peng Xuanyi, Taipei) |
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