Stefan Mileschin

Aiming to double its share price

Compal will carry out further improvements and integration of its PC and smart device departments, and boost its non-PC revenues and overall profitability its newly appointed president CP Wong has claimed.

Speaking to the assembled throngs at Compal's annual shareholder's meeting held July 4, Wong said his cunning plan was to double the outfit's share price.

After working for Compal for 29 years, Wong was recently promoted from vice president to the new post, replacing Ray Chen, who has now become the firm's vice chairman and chief strategy officer.

Wong said that Compal will step up integrating the advantages of its existing two business departments of PC and smart devices, injecting good PC production efficiency to smart devices and incorporating smart device technologies into notebooks.

He said that notebooks will remain the core business of Compal, although the company will strive to lower notebook revenue ratio from the existing 70 percent to 50 percent in the future. Compal will manage to expand non-PC business sectors, particularly automotive electronics, servers, wearable devices and smart healthcare solutions, he added.

Ray Chen told shareholders that Wong has been well versed in diverse business operations of Compal following 29 years of service at the company, and could smoothly complete seamless succession of his new post.

Chen said that non-PC revenue ratio will surge to 35 per cent in 2018 from 30 per cent in 2017, mainly bolstered by increased shipments of smart home devices, smart watches and tablets. He added that Compal has newly tapped into the supply chains of smart speakers and other smart home products of major vendors.

The company posted total shipments of 80 million units of diverse consumer devices in 2017, and the shipments are estimated to expand by over 10 percent in 2018 Chen said.

https://fudzilla.com/news/iot/46678-...evice-business