Holtek’s 1Q19 EPS was NTD0.9 and its 2H19 shipments may grow

Holtek’s 1Q19 net profit was NTD203mn with EPS of NTD0.9.
Holtek’s 1Q19 net profit was NTD203mn with EPS of NTD0.9.

Holtek (6202-TW) held an investor conference today on 29th. Due to the following: a) weak demand of e-sports and crypto mining, b) client’s inventory adjustment c) the increase of operating expenses, Holtek’s 1Q19 net profit was NTD203mn (-22.8% QoQ, -9.9% YoY) with EPS of NTD0.9.

Holtek’s 1Q19 revenue was NTD1.038bn (-12.7% QoQ, -4.4% YoY). Its 1Q19 GM was 48.5% (-0.3 QoQ, -0.4% YoY). Its operating profit margin was 18.7% (-3.5% QoQ, -2.4% YoY). Its 1Q19 net profit was NTD203mn (-22.8% QoQ, -9.9% YoY) with EPS of NTD0.9.

In 2Q19, catalyzed by the recovery of client’s pull-in, institutional investors expect that its 2Q19 revenue may increase by 15-20%. And, its operating profit margin is expected to recover to more than 20%. Moreover, as the company may enter into the peak season starting from 2H19, wireless headsets shipments, delivering to Huawei and Xiaomi, may reach at least 5 million in FY19.

Holtek’s spokesman Armstrong Tsai told that due to the weakness of crypto mining and e-sports market, client’s inventory adjustment, and a too low deal price from a panel client, the company had not received orders since last year, and leading Holtek’s 1Q19 shipment of 32bit MCU to reduce by 40%.


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