In the premarket trading session, at last check, Asia Pacific Wire & Cable Corporation Limited (APWC) shares plunged by -5.93% to trade at $3.81. APWC’s closed previous session at $4.05 gaining 7.14%. The APWC stock volume traded about 0.32 million shares. In the past week, APWC stock surged 25.00%. In the past three and six months, the APWC stock dropped by -40.35%, and added 216.41% respectively. Furthermore, APWC is currently valued at $52.20 million and 13.82 million outstanding shares.
What is Asia Pacific Wire and Cable Corp.’s fundamental business model?
Asia Pacific Wire and Cable Corporation Limited is an electrical equipment and parts company that specifically focuses on manufacturing and distributing electronics equipment. These products generally include telecommunications, power cable, and enameled and electronic wire. The company focuses on the operating in the markets of Asia Pacific region, Republic of China, Thailand, Australia, Singapore and other marks in the region.
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The company along with its subsidiaries offers telecommunications cable items, including copper-based and fiber optic links for phone and information transmissions; and armored and unarmored low voltage power transmission link, which is utilized to send power to and inside commercial and private structures, just as well to outdoor establishments, for example, street lamps, traffic lights, and different signs. The organization was established in 1996 and is settled in Taipei, Taiwan. Asia Pacific Wire and Cable Corporation Limited is an auxiliary of Pacific Electric Wire and Cable Co., Ltd.
It additionally gives plated wire to use in the assembly of a range of electrical items comprising of oil-filled transformers, fridge motors, phones, radios, TVs, fan motors, AC compressors, and other electric apparatuses. What’s more, the organization provides wire and link products; and offers project designing services in the supply, distribution, and installing electric cable, as well as manufacturing services for changing raw materials over to wire and cable products. It serves government associations, electric contracting firms, electrical vendors, and wire and link processing plants.
Release of full year financial result for 2020
On 30th April 2021, APWC stock announced the release of its financial result for full year 2020. The company’s revenue had slumped along with other financial markers due to loss of demand in the corona pandemic. For the 12 months of year 2020 Incomes were $313.6 million, a diminishing of 7.3% from $338.2 million for the year finished December 31, 2019.
The reduction was basically inferable from income decrease in the Company’s Thailand and North Asia locales, which traded off with increased revenue in the Company’s Rest of World (“ROW”) area. Net income in the Company’s Thailand district dropped by 16.7%, fundamentally because of diminishing sales of low margin products.For the full year 2020, the operating profit rose to $7.6 million from a loss of $0.6 million for the year finished December 31, 2019.
Financial status of operations in 2020
Selling, general and managerial costs for 2020 were $27 million, contrasted with $25.1 million revealed for the year finished December 31, 2019. APWC announced $52.2 million in cash and equivalents for the same period and lowered from $53.7 million as of December 31, 2019. Current assets added up to $263.7 million in the year 2020 which increased as compared to $239.5 million.
APWC announced $16.4 million in cash produced from operations during the a year finished December 31, 2020, contrasted with cash created from activities of $15.1 million in the relating time frame in 2019. The expansion in real money created from tasks in 2020 was principally owing to improved item edges. Improved product margins is what prompted the cash generation primarily.