Reported 11 months ago
Taiwanese company 'Gold Three Wheat' (7757) made its debut on the OTC market at NT$168 per share, with the stock price soaring impressively by 87.5% to NT$315 within the first 10 minutes of trading. The company's solid performance is attributed to factors such as the overall rise of the Taiwan stock market and being the first private brewery to go public. With a revenue of NT$1.946 billion in 2023, a 30% annual growth, and a net profit after tax of NT$231 million, a 90% annual increase, 'Gold Three Wheat' achieved an outstanding earnings per share (EPS) of NT$10.54. Chairman Yeh Guan-Ting aims to establish the company as the 'nighttime Starbucks', with plans to expand and introduce new concepts such as the SPORTS NATION brand, the world's first electronic alcohol trading platform, and projections to exceed NT$100 million in annual revenue. The company, currently with a capital of about NT$219 million and two brewing facilities with an annual production capacity of 2,300 metric tons, operates multiple brands including Gold Three Wheat Lebledor and SUNMAI, totaling 38 stores. Yeh anticipates that the opening of more new stores in the future will significantly boost revenue performance.
Source: YAHOO