06.29.2001
Prodisc’s revised EPS forecast still at NT$3.15

• Development: Planning to issue a CB of NT$5bn later this year, Prodisc announced a revised financial forecast of NT$7.7bn down from NT$7.8bn with EPS remaining at NT$3.15.

• Analysis: For 2001, we estimate Prodisc to have net profit of NT$452m or EPS of NT$1.14. Even though 2Q01 revenue is expected to be 30% better than 1Q01’s, our forecast suggests that the company must post extraordinary 2H01 results in order to prevent another revision again if missed by more than 20% as mandated by SFC.

• Primasia View: Although the CD-R sector has entered into the recovery process, Prodisc is facing severe challenges in meeting its own financial target.

VincentChen@Primasia.com +886-[0]2-2547-8868