SIGN IN
Log In / Register
News
Ta Chen's 2021 Revenue Likely to Peak Amid U.S. Market Recovery
Add to my favorite
2021-06-18
The USD 6 trillion budget proposed by U.S. President Biden is expected to drive the infrastructure demand in the U.S. Ta Chen International (TCI) has been the beneficiary of the revival in American industrial steel demand since the beginning of this year, while looking to continue raising its product prices. TCI's revenue for Q2 2021 is expected to climb high again, and its full-year revenue stands a chance to reach a new high at NTD 85 billion with high profitability. TCI's EPS for the whole year is expected to land at NTD 3 to NTD 4, which signifies an obvious recovery from the deficit last year and an EPS record that is only second to NTD 5.83 back in 2018.
In terms of stainless steel business, TCI expects an obvious upturn in demand as opposed to last year, due to the slowdown in U.S. COVID pandemic and a revival in the American manufacturing and construction industries. TCI is a master distributor in the U.S. market and the prices of its stainless steel products are mostly based upon the LME nickel price, which has been hovering around USD 17.6 thousand since this May, up 44% from the same month last year.
In terms of fastener business, TCI has high hopes of growth in fastener sales and is set to raise the prices.
TCI turned losses into profits with an EPS of around NTD 0.39 in Q4 last year, though in 2020 its EPS went down to NTD -0.44. The strong market demand and price surge in the U.S. pushed TCI's profits in Q1 this year to land at NTD 0.88.
TA CHEN INTERNATIONAL
REVENUE
MARKET RECOVERY
大成鋼
市場復甦
營收成長
Subscribe
