Foxconn LED Arm AOT to Relist on Taiwan Bourse in 3Q

After a six year wait, Foxconn subsidiary Advanced Optoelectronic Technology Inc. (AOT) application to be listed on the Taiwan stock market was finally approved recently. 

Market insiders estimate the company will be officially listed on the market in 3Q this year, with the company’s stock prices estimated to break NT$ 100 (US$ 3.33). The company stock prices closed at NT$102.20 on April 8, 2014, making it the fourth company after major Taiwanese LED manufacturers Epistar (NT$ 149 in August 2007), Everlight (NT$ 118.14 in September 2007) and Optotech to achieve the NT$ 100 mark.

AOT has a capital of NT$ 1.3 billion, and Earning Per Share (EPS) after tax was NT$ 5.29. The company’s stock has become one of the most profitable in the LED industry, surpassing Everlight’s NT$ 3.51. AOT businesses include LED die manufacturing, packaging and modules. The company’s raw materials come from many suppliers and also has many clients. 

The company stock prices are expected to further climb upwards, as the LED industry rebounds. The industry has also benefited from earlier preorders ahead of China’s Labor Day holidays that has stimulated panel shipments. 

AOT’s net profit before taxes over the last three years has been fairly impressive, having reached NT$ 275.32 million in 2011, NT$ 489.43 million in 2012, and NT$752.88 million last year. As of February 2014, the company’s accumulated revenue has grown over 20 percent to NT$ 992 million.

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