Taiwan Styrene Monomer Corp
Taiwan Styrene Monomer Corp produces and sells styrene monomer, a commodity chemical used in the production of plastics, resins, and synthetic rubber, primarily serving the polymer and construction materials industries.
Business. Taiwan Styrene Monomer Corp (1310.TW) is a basic materials company operating in the commodity chemicals industry. The firm is headquartered in Taiwan and is primarily listed on the Taiwan Stock Exchange. Specific details regarding its operating segments and geographic revenue mix are not available.
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- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
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Synthesis
Taiwan Styrene Monomer Corp (1310.TW) is a basic materials company operating in the commodity chemicals industry. The firm is headquartered in Taiwan and is primarily listed on the Taiwan Stock Exchange. Specific details regarding its operating segments and geographic revenue mix are not available.
### Capital Structure and Liquidity The company's liquidity position is characterized by a current ratio of 0.89, indicating that current liabilities exceed current assets, and a negative net cash position after subtracting total debt. The price-to-book ratio of 0.56 suggests that the market values the company at a discount to its book value, while the price-to-tangible-book ratio of 0.56 reflects a similar valuation dynamic. The debt-to-equity ratio of 0.2 indicates a relatively low level of leverage compared to industry norms.
### Profitability and Returns Profitability metrics are negative, with a return on equity of -9.79% and a return on assets of -7.27%, both significantly below the industry median. The company reported a gross loss of TWD 542.29 million and an operating loss of TWD 722.33 million, reflecting the challenging market conditions in the commodity chemicals sector.
### Segments and Geographic Exposure The company operates as a single business segment focused on styrene monomer production. Revenue is primarily concentrated in Taiwan, with no disclosed international operations. This geographic concentration may expose the company to regional economic and regulatory risks.
### Growth Trajectory The company's revenue for the latest period was TWD 8.67 billion, but the negative operating and net income figures suggest a contraction in profitability. The outlook for the current fiscal year indicates a continuation of these challenges, with no significant growth expected in the near term.
### Risk Factors The company faces medium liquidity risk due to its current ratio and negative net cash position. The risk of dilution is assessed as low, with no recent or disclosed share issuance activities. The negative operating cash flow of TWD -102.11 million and free cash flow of TWD -469.75 million further underscore the company's financial constraints.
### Recent Events Recent financial filings indicate ongoing operational losses and a challenging market environment for styrene monomer. No significant new projects or strategic initiatives have been disclosed in the latest filings, suggesting a focus on cost management and operational efficiency.
- The company is operating at a loss, with negative returns on equity and assets.
- Liquidity is constrained, with a current ratio below 1 and negative net cash.
- The business is concentrated in a single product and geographic region, increasing exposure to local market risks.
- No significant growth or strategic initiatives are currently underway.
- The valuation is at a discount to book value, reflecting market concerns about profitability.
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- Net cash is negative after subtracting total debt.
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Physical assets
1 tracked| Asset | Type | Commodity | Country | Role |
|---|---|---|---|---|
| Taiwan Styrene Monomer Linyuan Chemical Plant | Chemical plant | Chemicals | Taiwan | Registered owner |
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- Taiwan Styrene Monomer Corp Market data — financials · 2026-05-26
Ownership & reference
Leadership
- Wen-Yuan LinChairman of the Board, Chief Executive Officer