Strong PON demand in mainland China is good for Taiwan Halo and CSOT: revenue grew rapidly in January
According to Taiwanese media reports, benefiting from mainland China's broadband policy, second- and third-tier cities are actively deploying optical fiber to the home. The market demand for GPON is strong, and the stock price of optical active device manufacturer Halo has stabilized and rebounded. It has driven up the stock prices of industry-related manufacturers, such as China Star Lighting, etc. The Financial Department of Cathay Securities pointed out that its popular subscription warrants are very popular.
Halo and Huaxingguang each increased by 4.02% and 0.82% yesterday, closing at 90.5 yuan and 73.6 yuan respectively.
Halo currently uses EPON and GPON as its main products, accounting for 27% and 60% of revenue respectively in the fourth quarter of last year.
Although the fourth quarter of last year was affected by product price reduction pressure, the full-year EPS is still expected to be above 7 yuan. According to this year's market assessment, with market demand still significantly greater than supply, the industry growth trend is clear , due to the number of working days in the first quarter, revenue is expected to be slightly weak in January and February, and is expected to return to normal in March.
Affected by the demand for renegotiation by major Chinese customers and year-end inventory adjustments at the end of last year, Halo's revenue fell to 488 million yuan in December last year, suspending eight consecutive months of hitting new highs. Performance.
Since January this year, orders from China's major customers have rebounded significantly. Halo's revenue in January was 526 million yuan, with a monthly growth rate of more than 10% and an annual growth of 100.91%. %, due to the reduction in working days during the Lunar New Year, revenue is expected to decline slightly and return to an upward trajectory in March.
Second quarter revenue will maintain an upward trend, which will have a positive impact on this year's revenue and profits. The outlook is optimistic.
Huaxingguang’s revenue in January was 381 million yuan, an annual growth of 10.48%, but a decline of 6.38% from the previous month. However, it was still the third largest company in history. High and good results.
As the market is generally optimistic about customer demand in the new year, driven by ethnic groups, it closed up 0.82% to close at 73.6 yuan
