Reported 8 months ago
Peng Wei-Lin / Taipei reported on June 17, 2024, at 4:10 pm. The market eagerly anticipates the launch of the Apple iPhone 16, boosting both the operation and stock price of Largan (3008), positioning itself to benefit from Apple's success. Largan's stock price has surpassed the 2,600 yuan mark, rising for four consecutive days with a 17.83% increase. Foreign investors and investment trusts are back in the game, buying more Largan shares. Largan's revenue for May reached 3.486 billion yuan, a 0.83% monthly increase and a 32.73% annual increase, achieving double growth in revenue. Analysts believe that the demand for high-end lenses will enhance Largan's profitability. Largan's primary revenue driver will be in H2, with the possibility of reaching full capacity in Q4. Although the proportion of lenses using 8P has increased compared to last year, the upgraded versions including periscope lenses and glass-plastic hybrid lenses did not significantly boost shipment volume. Largan continues its focus on smartphone lenses while diversifying into AR/VR products, automotive, module plants, contact lenses, batteries, and more. Among these, StarVision contact lenses have emerged as a valuable contributor to revenue. *[Warrant investments carry risks; the information in this section is for reference only and does not constitute an invitation, solicitation, or any other form of advice or recommendation. Readers are advised to proceed with caution]*
Source: YAHOO