FINWIRES · TerminalLIVE
FINWIRES

Jih Lin Technology Clarifies Report on Revenue, Earnings Outlook; Shares Slump 8%

By

Jih Lin Technology (TPE:5285) clarified a media report on its revenue and earnings outlook, saying the projections cited were based on market analysts' estimates rather than company guidance.

A report by the Economic Daily News said Chairman Shang-Yen Tsai was optimistic about second-half performance, with revenue expected to rise quarter by quarter, while earnings per share could reach NT$4 this year and exceed NT$5 next year, according to a Thursday Taiwan EXchange filing.

The company advised investors to refer to its filings and disclosures on the Market Observation Post System for official financial and business information.

Shares fell about 8% in Thursday's midday trade.

Related Articles

Asia

Lopal Tech Says No Undisclosed Matters That Would Warrant Unusual Movement in Stock Price

Jiangsu Lopal Tech. Group (SHA:603906, HKG:2465) said there were no undisclosed matters that would warrant an unusual movement in its stock's price, according to a Hong Kong bourse filing Wednesday.Shares of the automotive specialty chemicals seller were down nearly 6% in Thursday late morning trade.On Wednesday, its shares rose 2% at close, snapping a three-day streak of losses.

HKG:2465SHA:603906
Asia

Hong Kong's H1 IPO Proceeds Hit Five-Year High, EY Says

Ernst & Young expects 84 initial public offerings in Hong Kong during the first half of 2026, raising a combined HK$209.8 billion, a five-year high, the audit firm said in its Chinese mainland and Hong Kong IPO report released Wednesday.The company noted a 100% increase in the number of IPOs and a 92% jump in funds raised in H1 2026 from the same period last year.A-share firms remained a key driver of the Hong Kong IPO market, with 121 mainland-listed companies applying for Hong Kong listings as of June 23.Industrial and technology companies accounted for 65% of IPO deals and 74% of total proceeds. These sectors mostly comprise segments such as AI large models and semiconductor chips, according to the report.

Hang Seng
Asia

Samsung Electronics Denies Rumors of KRW90 Trillion Share Buyback Plan; Shares Rise 5%

Samsung Electronics (KRX:005930) denied media rumors of the company planning to repurchase 90 trillion won worth of shares over a period of three years, beginning in July, according to a Thursday filing with the Korea Exchange.Denying the report published by Munhwa Ilbo in a Wednesday news report, Samsung Electronics said that although it was reviewing a share repurchase plan for stock-based compensation based on its 2026 management performance, no key matters, including the schedule or scale of the repurchase, had been finalized.Shares of the company rose nearly 5% in recent trade.

KRX:005930