It had some capex on plants in Thailand in 2022. Also dividends 3 years in a row. Since it is registered in Cayman Islands their dividends are tax-free(there is a limit of course) for Taiwanese so dividend is not a bad capital allocation strategy. A tax-free 6.25% dividend yield is pretty handy, given the overnight rate is like 0.81%.
Are there any plans to use the considerable balance sheet strength (implied from EV < Market cap)?
It had some capex on plants in Thailand in 2022. Also dividends 3 years in a row. Since it is registered in Cayman Islands their dividends are tax-free(there is a limit of course) for Taiwanese so dividend is not a bad capital allocation strategy. A tax-free 6.25% dividend yield is pretty handy, given the overnight rate is like 0.81%.