DistantNews
Support us
🇹🇼 Taiwan /Economy & Trade

Largan Precision Stock Surges on Apple New Model Orders

From Liberty Times · () Chinese

Translated from Chinese, summarized and contextualized by DistantNews.

At a glance

News Named sources Context piece
  • Largan Precision's stock price surged to its upper limit, reaching NT$4,355, driven by increased order momentum from Apple's upcoming new iPhone.
  • The company reported a record high for the first half of the year with revenue of NT$29.2 billion, an 11% increase year-on-year.
  • Despite strong performance, foreign investors sold off shares, while domestic investment trusts continued their buying trend.

Largan Precision, a leading optical lens manufacturer, saw its stock price hit the daily limit of NT$4,355, marking a NT$395 increase. This surge is attributed to growing order momentum from Apple as the tech giant prepares for the September launch of its new iPhone models.

The company's financial performance has been robust, with first-half revenue reaching a record NT$29.2 billion, an 11% year-on-year increase. Second-quarter net profit stood at NT$4.67 billion, a 23.7% decrease from the previous quarter but a significant 353% jump year-on-year, resulting in an earnings per share (EPS) of NT$35.72.

Chairman Adam Lin previously indicated that customer order momentum would gradually strengthen in July and August, boosting operations. He also noted that the company's FA (Fiber Array) products are slated for mass production next year. However, trading activity shows a mixed picture, with foreign investors being net sellers for 11 consecutive days, while investment trusts have been consistent buyers for 13 days.

Customer order momentum will gradually strengthen in July and August, driving operations.

— Adam LinChairman Adam Lin's statement on the company's operational outlook.
DistantNews Editorial

Originally published by Liberty Times in Chinese. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

More Stories

From Our Blog