Focus Taiwan
Date: 2016/11/16
By: Yang Su-min and Evelyn Kao

Taipei, Nov. 16 (CNA) DONG Energy, an offshore wind power developer from Denmark, opened an office in Taiwan on Wednesday.

DONG Energy has chosen Taiwan as its first stop in Asia and plans to build four offshore wind farms before exploring further offshore wind opportunities in the Asia-Pacific region, Taiwan’s Deputy Minister of Economic Affairs (MOEA) Shen Jong-chin (沈榮津) said at the opening ceremony.

Shen said Taiwan does not rule out the possibility of establishing a joint venture with DONG Energy to break into the Asia Pacific market.

Meanwhile, Matthias Bausenwein, the company’s general manager in Asia, said that DONG Energy very much believes in Taiwan’s ambition to develop renewable energy and the market potential of offshore wind power in Asia.    [FULL  STORY]

GLOBAL MARKET:The FTC said that according to the information and opinions it collected, the merger would not hamper competition, which ‘will only intensify’

Taipei Times
Date: Nov 17, 2016
By: Lisa Wang / Staff reporter

Advanced Semiconductor Engineering Inc (ASE, 日月光半導體) yesterday received approval from the Fair Trade Commission (FTC) for its NT$128.7 billion (US$4.04 billion) bid to acquire Siliconware Precision Industries Co (SPIL, 矽品精密), clearing a major hurdle to finalize one of Taiwan’s biggest acquisition deals.

The approval bodes well for the world’s largest chip tester and packager to obtain approvals from competition watchdogs in China and the US to complete the transaction before the bid expires on Dec. 31 next year.

ASE applied to the agencies in September to seek final approvals.

Yesterday’s approval did not come easily. The nation’s competition watchdog in July began a new round of reviews over the deal after ASE and SPIL in May agreed to form an industrial holding company via a friendly takeover bid, instead of a hostile acquisition launched in August last year.    [FULL  STORY]

SOLAR, FOREX WOES:The NT dollar’s appreciation and falling solar product prices hit the company hard last quarter, but it expects its solar business to bounce back

Taipei Times
Date: Nov 15, 2016
By: Lauly Li / Staff reporter
Inventec Corp (英業達) yesterday reported a far weaker-than-expected net profit of NT$1.21 billion (US$37.87 million) for last quarter, dragged down by an unprofitable solar power business and foreign-exchange losses.

The results were 27.1 percent lower than consensus estimates of NT$1.66 billion.

The contract electronics maker saw its net income plunge 37.62 percent from the NT$1.94 billion profit reported for same period last year and fall 14.18 percent from the previous quarter’s NT$1.41 billion.

“The New Taiwan dollar’s appreciation and falling average selling prices of solar power products significantly hurt Inventec’s profitability,” chief financial officer Yu Chin-pao (游進寶) told an investors’ conference at the company’s Taipei headquarters.    [FULL  STORY]

Focus Taiwan
Date: 2016/11/12
By: Tien Yu-pin and Frances Huang

Taipei, Nov. 12 (CNA) Investors who are eying blue chips on Wall Street have been urged by the Taiwan Stock Exchange (TWSE) to invest in exchange traded funds (ETFs) that track the Dow Jones Industrial Average Index in the U.S. market.

The TWSE, which operates the local main board, said several ETFs listed on the local main board, such as the Cathay Dow Jones Industrial Average ETF Fund and the Cathay Dow Jones Industrial Average Daily Inversed ETF, issued by Cathay Securities Investment Trust Co. (CSIT), track the Dow Jones Industrial Average.

If investors to buy into these ETFs, they will able to follow closely a basket of 30 blue chips on Wall Street, such as Apple Inc., Walt Disney Co., Visa, Microsoft Corp., Coca Cola Co., Goldman Sachs, McDonald’s, Nike Inc., and 3M Co., the TWSE said.

Yu Jih-chieh (游日傑), manager of the Cathay Dow Jones Industrial Average ETF Fund, said the U.S. is the world’s largest economy and remains a dominant power, exerting tremendous influence on the global financial markets, including equities, bonds and currencies.     [FULL  STORY]

Taipei Times
Date: Nov 12, 2016
By: Lauly Li / Staff reporter

Wistron Corp (緯創), an assembler of Apple Inc iPhones, yesterday approved a capital injection of US$33.5 million at its after-sales subsidiary in India so that it can build a smart devices plant for the Indian market.

“It will be Wistron’s first wholly owned plant in the country,” a Wistron investor relations official said by telephone.

Wistron has a coinvested smartphone plant with India’s Optiemus Infracom Ltd in the state of Uttar Pradesh with a production capacity of 600,000 smartphones per month.

The Uttar Pradesh plant’s clients include Taiwan’s HTC Corp (宏達電) and China’s Oppo Mobile Telecommunications Corp (歐珀移動), according to Indian media reports.    [FULL  STORY]

Focus Taiwan
Date: 2016/11/11
By Tien Yu-pin and Frances Huang

Taipei, Nov. 11 (CNA) At a time when the local equity market has faced volatility, investors who have found it hard to pick a stock to invest have been advised by the Taiwan Stock Exchange to take a closer look at exchange traded funds (ETFs) for investments.

The TWSE, which operates the local main board, said that Taiwan has a diversified ETF product portfolio, which includes inverse and leveraged ETFs, to provide investors with more leeway for investments.

The TWSE said investors should make good use of inverse and leveraged ETFs in a volatile market so that they can enjoy good returns.

Inverse ETFs are expected to help investors hedge risks in a market downtrend, while leveraged ETFs are expected to help investors rake in more profits by doubling returns or even more at a time of a market uptrend.    [FULL  STORY]