Editor’s Note
**Editor’s Note:** Regal Holding Co., Ltd. (4807), a leading Thai-based jewelry ODM/OEM manufacturer, is set to list on the Taiwan Stock Exchange in late June. With a focus on light luxury design and export, the company’s debut marks a significant milestone in its growth trajectory.
Regal Holding Co., Ltd. (stock code: 4807) is a professional jewelry design, development, and manufacturing company based in Thailand. It is one of the top three light luxury jewelry ODM and OEM manufacturers in Thailand. Established in October 2014 with a capital of NT$339 million, the company is scheduled to be listed on the Taiwan Stock Exchange in late June.
Regal Holding is an export-oriented enterprise specializing in the design, manufacturing, and export of fashion jewelry and accessories. Operating from Thailand, it was originally registered as Regal Co., Ltd. in 1989. In 2014, through an equity restructuring, Regal Holding Co., Ltd. was established, with its main investments being Regal Jewelry Manufacture Co., Ltd. and Givenchy International Jewelry Co., Ltd.
In 2016, Regal Holding reported revenue of NT$2.198 billion, a year-on-year decline of 2.75%. Net profit after tax was NT$189 million, down 0.46% year-on-year. EPS for 2016 was NT$5.8. The company uses Thai Baht as its accounting currency and incurred a foreign exchange loss of NT$5 million in the first quarter. For Q1 2017, revenue was NT$495 million, a 38.69% decline compared to the same period in 2016. Net profit after tax was NT$36.06 million, also down 38.69% year-on-year, with EPS of NT$1.06.
As of the end of Q1, the debt ratio slightly increased from 32.96% in Q4 2016 to 34.31%, while the current ratio decreased from 233% to 229.51%. The board has proposed a cash dividend of NT$3.375 per share for the year, representing a payout ratio of 58.19% based on 2016 EPS of NT$5.8.
– Asia: 55%
– North America: 25%
– Europe: 20%
According to Euromonitor, the global jewelry market is valued at approximately US$310 billion, growing at an annual rate of 5%, and is projected to reach US$390 billion by 2020. Light luxury jewelry accounts for 57% of this market. Regal Holding focuses on the light luxury jewelry segment, specializing in OEM and ODM services for global light luxury brands. As one of the few manufacturers in Thailand with large-scale production capacity, the company anticipates continued high market growth.
