“We are that concerned with tracking the sales contribution from ASEAN,” Chailease chairman Albert Chen (陳鳳龍) said in an earnings teleconference, noting that earnings were better in markets where the company has built up more experience. Thailand, where the company has the longest history among Southeast Asian countries, is expected to see stable growth of 5 percent to 10 percent in sales annually. Vietnam, where the company has established a solid foothold, should see 30 to 40 percent growth this year, in line with last year’s development, Chen said. During the same period, the company saw the delinquency ratio ratio in the Taiwanese market improve from 4 percent to 3.7 percent, while Chinese operation’s delinquency ratio dropped from 4.7 percent to 4.2 percent. The company reported that net income last quarter rose 14.94 percent annually and 1.66 percent quarterly to NT$2.19 billion.

Source: Taipei Times August 09, 2017 15:56 UTC