Reported about 1 year ago
Taipei, June 25, 2024 - Leading passive component company RichTech (2327) and distributor RichTech (3090) are set to pay dividends of 19.97238 yuan and 3.4 yuan on the 27th. With inventory restocking trends, clear momentum in AI mainstream clients, and optimistic expectations of dividends, institutional investors seem positive. RichTech and another passive component company, BrightTech (3624), held shareholder meetings on the 25th. RichTech approved a 3.4 yuan profit distribution plan, with an implied cash yield approaching 5%, maintaining its upbeat outlook on business conditions emphasizing AI-related applications among end-users. RichTech's CEO Yu Yaoguo expressed optimism for the second half, particularly in advanced applications like AI servers, cloud centers, and high-end networking, where demand is clear with high margins. BrightTech also anticipates inventory clearance and a stronger market after the second quarter, expecting better operations than last year. Both RichTech and RichTech will pay dividends on the 27th, totaling over 9 billion yuan. Additionally, Hengdian Energy aims for green energy, forecasts economic recovery despite the pandemic, and Australia's central bank might exit QE as early as February next year.
Source: YAHOO