2024-06-26 07:19:21
[The Formosa Plastics shareholders meeting is filled with low pressure]
Previously month, listed firms have held shareholder conferences one following one other. Most of them have shared their working efficiency over the previous yr with the shareholders who got here to the scene. In any case, they solely meet yearly. They at all times have one thing good to say and hope that shareholders can proceed to help them. firm. However I observed that one firm apologized to shareholders and requested for his or her understanding. This firm is Formosa Plastics (1301).
In actual fact, strictly talking, it’s not a Formosa Plastics firm, however a whole Formosa Plastics Group, together with: Formosa Plastics (1301), Formosa Chemical (1326), Nanya (1303), Formosa Plastics (6505), Fumao (1434) , Nanya Know-how (2408), Nandian (8046), Fumaoke (8131)… and different firms haven’t proven a lot enchancment in working efficiency previously few years, particularly within the Formosa Plastics 4 Treasures section. Previously two years, Affected by China’s financial recession and price-cutting competitors from opponents, income plummeted in 2016, with a decline of as a lot as 84%, which additionally affected the distribution of dividends. In consequence, the previous chairman choked up on the shareholders’ assembly. Though the corporate has expressed confidence to shareholders that the second half of the yr can be higher than the primary half, within the face of unsure components such because the struggle between Ukraine and Russia, geopolitical conflicts, the timing of rate of interest cuts in america and Europe, and the restoration energy of mainland demand, nobody can assure that it is going to be higher now. Formosa Plastics’ operations have reached all-time low.
[Rhende Group’s transformation has been successful]
In actual fact, the transformation of an enterprise is just not a simple job. It’s greater than 100 instances harder than altering an individual’s habits! Nonetheless, I’ve observed some instances of profitable transformation of enterprises, akin to Ceremony Group.
When speaking regarding Ceremony (2349), I consider everybody’s first intuition have to be to promote CDs. Then the second query that involves thoughts is: “Why haven’t they collapsed but?”. Maybe the reply to this query lies in the truth that their transformation was profitable.
Transformation is just not straightforward, however Trip’s funding in subsidiaries will bear fruit this yr
Ceremony Group has Ceremony (2349), Yude (3050), Rhenbao (8104) and Anke (3615). The one which has been extremely mentioned available in the market lately must be Anke Optoelectronics (ITO conductive glass manufacturing unit). 3615), along with persevering with to extend the proportion of automotive functions lately, it’s also rumored that there’s a possibility to rework right into a provider of glass substrates for semiconductors.
Transformation is just not straightforward, however Trip’s funding in subsidiaries will bear fruit this yr
Transformation is just not straightforward, however Trip’s funding in subsidiaries will bear fruit this yr
Transformation is just not straightforward, however Trip’s funding in subsidiaries will bear fruit this yr
Along with Encore, Yude (3050) was initially a pre-recorded disc manufacturing unit reinvested by Rhende. Lately, it has branched into catering and vitality companies. The corporate not solely cooperates with the Beijing Municipal Cultural Bureau to revive the US navy membership and the Yangmingshan US navy dormitory advanced (Caoshan City), but in addition operates a variety of catering shops akin to Brick Yard 33 1/3, Jennifer Kitchen, and Yike Espresso, and in addition invests in Hoju Power gives photo voltaic photovoltaic system integration providers and is likely one of the high ten public energy plant producers in Taiwan. At current, the mixed income of catering and inexperienced vitality accounts for greater than 50%.
[Renbao enters the field of energy storage]
As for Rhenium (8104), it was initially a passive natural light-emitting diode (PMOLED) panel manufacturing unit owned by Ceremony. It’s the largest producer with OLED manufacturing strains and the world’s main PMOLED producer. Merchandise can be utilized in medical well being, sensible dwelling home equipment, industrial management functions, 5G community communications and different merchandise. However what actually caught my consideration was that Ribao invested in Laiying Know-how to supply uninterruptible energy provide methods (UPS) and entered the TSMC provide chain. As well as, it additionally actively invested within the new vitality enterprise. Along with offering vitality storage computerized frequency management and frequency modulation providers ( AFC), additionally invests in solar energy vegetation and deploys vitality storage companies. It’s anticipated to show a revenue this yr.
As for the mum or dad firm, Ceremony, following the transformation of its subsidiaries got here to fruition, it has since reworked right into a holding firm. International traders have begun to overhaul it for the reason that second quarter of this yr. The present inventory value is lower than 10 yuan, and the market outlook is promising.
Funding is predicated on the longer term. After China unilaterally canceled the ECFA early harvest record, Formosa Plastics Group’s future market in mainland China might be mentioned to be virtually halved. Underneath the coverage of levying a carbon tax, bills and prices will improve so much, and income will improve once more. If not, the highway to transformation nonetheless requires continued commentary. The transformation of Ceremony Group previously 10 years now appears to be approaching the stage of bearing fruit. Underneath the pattern of inexperienced vitality, vitality storage and an getting older society, it’s endorsed that funding pals take a look at the shares of this outdated group with a brand new perspective. . I want you all good luck together with your funding.
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In regards to the Writer:
He has been engaged within the monetary and securities business for greater than 15 years. He’s a certified securities analyst. He’s at present the Chief Funding Officer of Zhongying Wealth, CMoney Monetary Marketing consultant, and Chief Monetary Author. He’s additionally a lecturer on the Securities Basis, Chung Cheng Group College and Mingxing Yun Academy, Yahoo Monetary Column, and Enterprise Weekly. Particular writer of Fortune.com.
The funding mentality focuses first on the long-short cycle of the general economic system, and combines basic inventory choice with technical operations; it’s believed that “deciding on alternatives to enter the market” is the way in which to make income in inventory market funding. At present there are 2 books: “Consider me, you can also make countless cash” and “Taiwan Shares Biographical Historical past”.
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