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Homax Construction Announces 16,000-Share Buyback to Support Stock Price

Finance · Real Estate Development · cnyes · 2026-08-06

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Homax Construction will initiate a share buyback program for 16,000 shares at a price up to NT$29.25 to protect shareholder value and company credit.

What Happened

Buyback Initiative: Homax Construction has approved a plan to repurchase 16,000 shares over the next two months, starting August 7. The repurchased shares will be canceled to reduce capital and bolster shareholder value, representing approximately 4.81% of the company's outstanding equity.

Financial Health: The company reported H1 2026 revenue of NT$4.99 billion with a net profit of NT$732 million, translating to an EPS of NT$2.2. With a book value per share of NT$38.91 as of the end of Q1, the company maintains a solid financial foundation despite current market volatility.

Future Outlook: Homax has a clear development pipeline for the next four years, including projects in Neihu, Beitou, and other key areas. With a strong land bank, the company is well-positioned to sustain its development momentum through 2029.

Strategic Context: This marks the second time in the company's 30-year history that it has utilized share buybacks. Following the completion of a 6,000-share repurchase in July, this new move signals management's confidence in the firm's long-term value and operational stability.

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