Dafeng TV Ltd.

6184.TW · TAI

Company research

Dafeng TV Ltd. (TWSE: 6184) is a Taiwan-based cable television and broadband service provider headquartered in New Taipei City, incorporated in 1996 and listed on the Taiwan Stock Exchange since February 2005. Originally founded as Dah Fung CATV Co. Ltd., the company rebranded to its current name in December 2009 and operates primarily in the Banciao, Tucheng, and Taipei City areas, delivering both analogue and digital cable TV channels alongside broadband internet services to residential and small business customers. As a utility-like last-mile distributor, Dafeng TV generates the majority of its revenue from recurring monthly subscription fees, complemented by income from channel transmission, broadband leasing, cable installation engineering, management consulting, and general advertising activities. With a market capitalization of approximately TWD 6.4 billion and a workforce of 263 employees, the company maintains a robust EBITDA margin of around 50% and offers shareholders a dividend yield of approximately 6%.

Research reports

FinLab · June 16, 2026大豐電(6184)個股分析：估值、動能、籌碼速覽

FinLab presents Dafeng TV as a highly profitable cable and broadband operator with neutral valuation, noting that its current PE is in the expensive band relative to its own history and that foreign investors are net buyers, while emphasizing a strategic shift toward FTTH fiber, higher‑speed broadband plans, enterprise connectivity and cloud services as key growth drivers. It also details structural risks such as cord‑cutting in traditional cable TV, intense competition from telecom and other MSOs, regulatory and content‑licensing constraints, capital‑expenditure pressure from network upgrades, and uncertainties around the timing and integration of related broadband investments and capital‑market events.