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Formosa International Hotels Corp Company Snapshot
Formosa International Hotels Corp operates in the Hotels and motels sector. In addition to historical fundamental analyses, the complete report available to purchase compares Formosa International Hotels Corp with three other hotel and motel operators in Asia: Asset World Corp PCL of THAILAND (2020 sales of 5.98 billion Thai Bahts [US$190.21 million] of which 54% was Rental and commercial services), Hotel Properties Limited of SINGAPORE (258.76 million Singapore Dollars [US$192.24 million] of which 90% was Hotels), and Mandarin Oriental International Ltd which is based in HONG KONG (1.42 billion Hong Kong Dollars [US$183.54 million] of which 88% was Hotel Ownership).

Sales Analysis. During the first quarter of 2021, sales at Formosa International Hotels Corp totalled 1.55 billion Taiwanese Dollars . This is an increase of 13.6% from the 1.36 billion Taiwanese Dollars in sales at the company during the first quarter of 2020. This was the largest same quarter increase in sales since the first quarter of 2015. There appears to be at least some degree of seasonality in the sales at Formosa International Hotels Corp: during 8 of the previous 9 years, sales were highest during the fourth quarter. The exception to this was during 2018, when the first quarter was the best quarter, accounting for 26% of sales (during that same year, the fourth quarter accounted for 25% of sales). Formosa International Hotels Corp reported sales of 5.42 billion Taiwanese Dollars (US$195.12 million) for the year ending December of 2020. This represents a decrease of 17.0% versus 2019, when the company's sales were 6.54 billion Taiwanese Dollars . Contributing to the drop in overall sales was the 29.2% decline in Accommodation, from 2.21 billion Taiwanese Dollars to 1.56 billion Taiwanese Dollars . There were also decreases in sales in Food Service (down 13.5% to 3.29 billion Taiwanese Dollars ) . However, these declines were partially offset by the increase in sales of Rental Service (up 8.6% to 443.45 million Taiwanese Dollars ) and Technology Service and Management (up 23.5% to 123.02 million Taiwanese Dollars ) .
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Formosa International Hotels Corp
  Stock Performance Chart for Formosa International Hotels Corp
  Stock Data: Recent Stock Performance:
  Current Price (6/18/2021): 142.50
(Figures in Taiwanese Dollars )
1 Week -1.4%   13 Weeks 5.2%  
4 Weeks -11.2%   52 Weeks -5.3%  
Formosa International Hotels Corp Key Data:
  Ticker: 2707 Country: Taiwan
  Exchanges: TAI Major Industry: Hotels, Restaurants & Leisure
    Sub Industry: Hotels & Motels
  2020 Sales 5,422,910,000
(Year Ending Jan 2021).
Employees: 2,595
  Currency: Taiwanese Dollars Market Cap: 18,154,785,000
  Fiscal Yr Ends: December Shares Outstanding: 127,402,000
  Share Type: Common Closely Held Shares: 73,327,000
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