shares Hermes Microvision amounted to nearly 7% daily limit

  Semiconductor Equipment Manufacturer Hermes Microvision Inc. (汉 微 科) saw its shares rise almost daily limit of 7 percent yesterday, after reporting record earnings and revenue in the first quarter.

Shares in the company, which makes available equipment inspection sticker electron chip maker, closed 6.67 percent to NT $ 895, the stock remains the highest price on the local market.

Hermes Microvision shares rose 68.23 percent so far this year, better than the index GreTai Stock Exchange, 11.19 percent over the same period, according to data from the Taiwan Stock Exchange.

Monday evening, Hermes Microvision said net profit expanded 92.8 percent year on year and 9 percent quarter-on-quarter NT $ 532 million in the first three months of the year, earnings per share of NT $ 8.04.

Sales rose by 32.9 percent compared to the previous year and almost 5 percent compared to the previous quarter to NT $ 1.21 billion, showed the company's data.

Hermes Microvision one percent market share of more than 85 global market tests of the equipment by the electron beam. With the technological advancement of society and a stable recovery in the global semiconductor industry, analysts have predicted that Hermes Microvision its continued growth this year.

"We expect the company's revenues remain at a high level in this quarter by 20 percent over the previous quarter and 34 percent year on year to NT $ 1.4 billion" SinoPac Securities Co (永丰 金 证券) said in a note yesterday.

Net income is expected to reach NT $ 600 million by 12 percent over the previous quarter and 46 percent more per year, with earnings per share of NT $ 9.01 predicts broker.

The company expects significant revenue jump 44 percent this year to NT $ 6,000,000,000 and an increase of 65 per cent of its net profit to NT $ 2.5 billion SinoPac here suggests that investors hold shares in the company on a long term basis. However, the company did not provide the target price for the stock.