Focus Stock: Inventec Sees Continued Dividend Payout Rally, Rises on Volume
Translated from Chinese, summarized and contextualized by DistantNews.
At a glance
- Inventec (2356) completed its dividend payout and saw its stock price rise despite a weak broader market.
- The company expressed confidence in its server business, expecting sequential growth driven by L10 and L11 products in the second half of the year.
- Inventec's Texas plant is beginning small-scale production, with mass production expected next year, while its notebook business faces a conservative outlook for the second half.
Inventec (2356) successfully completed its dividend payout and experienced a stock price increase, even as the overall market faced selling pressure. The company's shares traded at 64.6 NT dollars as of 9:35 AM, marking a 2.54% rise with a trading volume of 17,959 shares.
The company is highly optimistic about its server business, projecting continued quarter-over-quarter growth. Inventec anticipates that higher shipments of its L10 and L11 product lines in the latter half of the year will drive its fourth-quarter operations to peak for the year. The new plant in Texas is reportedly operating smoothly and has commenced small-scale production, with plans for mass production to begin next year.
Regarding its non-server operations, Inventec's management noted that major notebook clients had already placed significant orders in the first and second quarters. However, ongoing memory supply chain tightness leads the company to forecast a more conservative outlook for the notebook market in the second half of the year. Notebook shipments are expected to decline in the third quarter, with the fourth quarter's performance still under observation.
Originally published by Liberty Times in Chinese. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.