Name : 新日興 Shin Zu Shing
Taiwan ID : 3376
Date : 2006-10-04
Source : Concorde Securities Group

2006-10-04 Close : 194.5

The company announced Aug consolidated income of 3.47億元，which is a Month-on-month gain of 1.5% and a Jan-Aug consolidated income reaching 24.33億元. The second half of the year , income will be positively affected due to orders from five large OEM’s during the busy season.，

Notebook hub shipments will continue to grow, adding Apple computers NOFREE new iMac order shipping in the fourth quarter，

Shin Zu Shing monthly earnings should continue higher，with September’s income is expected to surpass June’s record high income of 3.52億元，with estimates in the 3.8~4億元；October orders are currently above 4億元 。

Estimates of this years consolidated income reaching 3 9.9億元，Which is a Year on year increase +36.2% And an after tax earnings per share of 10.3元。

Next year’s notebook production should improve with the introduction of Microsoft Vista，with overall notebook annual production could increase by more than 20%. Because of this, 2007 consolidated income is expected to be 52.8億元，a year on year increase +32%, and after tax earnings per share of 13.8元。

DISCLOSURE : The writer does not have a position in this equity