Business and Finance

Taipei Spring Computer show to kick off April 14

Taiwan News
Date: 2016-04-12
By: Central News Agency

Taipei, April 12 (CNA) The 2016 Taipei Spring Computer Show will be held April 14-18 at the Taipei World Trade Center, according to the Taipei Computer Association, the organizer of the event.

The five-day show, with the theme of “Brand-new life experiences,” will be divided into four main sections featuring different types of consumer electronics.

One of the sections focuses on female consumers. Items on display in this area will highlight “living technology products” related to skin care. Food processors, such as a capsule breadmaker, will also be showcased.     [FULL  STORY]

Stabilization fund to be pulled out of equity market: Cabinet

Focus Taiwan
Date: 2016/04/12
By: Tai Ya-chen and Evelyn Kao

Taipei, April 12 (CNA) The National Financial Stabilization Fund’s (國安基201604120021t0001金) current management committee has unanimously approved a move to pull out from the stock market during its last meeting Tuesday before the committee gets new members April 22, Cabinet spokesman Sun Lih-chyun (孫立群) said that day.

The benchmark index of Taiwan’s stock exchange, the Taiex, had risen 15.13 percent, or 1,120.84 points, as of Tuesday, since the stabilization fund was activated Aug. 25, 2015 to prop up the market, making the local bourse the second-best-performing market in the world during the period, behind only the Philadelphia Semiconductor Index, Sun said.

Overall, the Taiex has performed well since the beginning of this year, gaining 2.69 percent, he added.     [FULL  STORY]

CEOs gloomy over economy: survey

TURBULENCE:Taiwanese business leaders see more risks than opportunities this year, with the gap widening to 20 percent, PwC Taiwan chairman Dexter Chang said

Taipei Times
Date: Apr 13, 2016
By: Crystal Hsu / Staff reporter

Taiwanese chief executive officers have grim views of the global and domestic economy this year, with exchange rate volatility, tax hikes and rapidly changing technology tastes, a survey by PricewaterhouseCoopers Taiwan (PwC Taiwan).

Thirty-six percent of chief executive officers surveyed expect the global economy to weaken this year, the highest since the company launched the survey in 2012, though 43 percent said they expect an extended “status quo,” the survey showed.

Only 16 percent said they expect an upturn.     [FULL  STORY]

Domestic gasoline and diesel prices to drop on Monday

Focus Taiwan
Date: 2016/04/10
By: Line Meng-ju and Brook Hsiao

Taipei, April 10 (CNA) The CPC Corp., Taiwan (中油) announced Sunday

CNA file photo

CNA file photo

that it will lower its gasoline and diesel prices by NT$0.2 (US$0.006) and NT$0.1 per liter, respectively, from Monday, based on its fuel price calculation formula.

After the adjustments, the reference prices at state-run CPC Corp. gas stations will be NT$20.9 per liter for 92 octane unleaded, NT$22.4 for 95 octane unleaded, NT$24.4 for 98 octane unleaded, and NT$18.3 for premium diesel, according to the company.

The international oil prices fell because oil producing country Iran said it decided to increase its productions at the beginning of this year.

But the crude prices climbed later as crude oil reserves in the United States decreased and a meeting to discuss the possibility of freezing output is scheduled to be held in Qatar on April 17.     [FULL  STORY]

Asustek counting on ZenFone 3 boost

SMARTPHONE ZONE:The company said it would start mass production of its latest phone in July and has set a goal of a 25 percent increase in sales over last year’s results

Taipei Times
Date: Apr 11, 2016
By: Lauly Li / Staff reporter

Asustek Computer Inc (華碩) hopes the launch of its next-generation smartphone — the ZenFone 3 — in June will help boost growth momentum in the second half of this year, a company official said on Friday.

“We expect to introduce the new flagship smartphone at the end of June and start mass production in July,” Asustek chief financial officer Nick Wu (吳長榮) said in a telephone interview.

Together with the launches of other handsets in the second half of the year, the company aims to sell 25 million smartphones this year, an increase of 25 percent from last year’s 20 million units.

The company in February cut its annual shipment target for smartphones from 30 million units to 25 million units.     [FULL  STORY]

MediaTek sales fall in Q1 despite strong showing in March

Taiwan News
Date: 2016-04-09
By: Jackson Chang and Frances Huang, Central News Agency

Taipei, April 9 (CNA) First-quarter sales of MediaTek Inc., Taiwan’s largest integrated circuit designer, dropped more than 9 percent from the previous quarter despite a jump in March but were within its expectations, the company said Friday.

MediaTek posted NT$55.91 billion (US$1.72 billion) in sales for the first quarter, after predicting a range of NT$52.5 billion to NT$57.4 billion.

The figure, however, was 9.4 percent lower than in the fourth quarter of last year due to a slow season resulting from inventory adjustments, said the company, which makes about 60 percent its total revenue from smartphone chips.

In March, MediaTek sales were boosted by strong global demand for smartphones, jumping 61.13 percent from February and climbing 4.59 percent year-on-year to NT$21.34 billion.     [FULL  STORY]

Investment firms seeking to issue ETFs linked to Hang Seng Index series

Focus Taiwan
Date: 2016/04/09
By: Tien Yu-pin and Frances Huang

Taipei, April 9 (CAN) Several investment trust companies in Taiwan are

CNA file photo

CNA file photo

seeking to issue exchange-traded funds (ETFs) linked to the Hang Seng Index series in a bid to tap into the fast growing ETF trade in the local equity market, according to the Taiwan Stock Exchange (TWSE).

Fuhwa Securities Investment Trust Co. (復華投信) is one of the companies that have applied for certification of the Hang Seng China Enterprise Index, the Hang Seng China Enterprise Leveraged Index and the Hang Seng China Enterprise Short Index, as it prepares to issue linked ETFs, the TWSE said.

Meanwhile, Fubon Asset Management Co. (富邦投信) has filed an application for certification of the Hang Seng China Enterprise Leveraged Index and the Hang Seng China Enterprise Short Index for future ETF issuance, the TWSE said.     [FULL  STORY]

Fubon Financial to raise NT$36 billion through preferred stock sales

Taiwan News
Date: 2016-04-08
By: Tien Yu-pin and Frances Huang, Central News Agency

Taipei, April 8 (CNA) Fubon Financial Holding Co., one of Taiwan’s largest financial holding companies, aims to raise NT$36 billion (US$1.11 billion) in funds by issuing 600 million preferred stocks as part of an effort to boost its working capital and strengthen its capital structure.

The issuance of the planned preferred stocks by Fubon Financial, which owns the flagship insurance entity Fubon Life Insurance Co., to issue preferred stocks, is not expected to boost the financial holding company’s capital size and dilute its earnings per share.

Data on the Taiwan Stock Exchange showed that Fubon Financial currently has a paid-in capital of NT$102.34 billion. The company posted NT$3.05 in earnings per share in 2015 on a diluted basis, compared with NT$3.38 recorded a year earlier.     [FULL  STORY]

Hon Hai sales up month-on-month in March, but down for Q1

Focus Taiwan
Date: 2016/04/08
By: Jackson Chang and Y.F. Low

Taipei, April 8 (CNA) Hon Hai Precision Industry Co. (鴻海), the world’s 201604080025t0001largest contract electronics manufacturer, had consolidated sales of NT$339.62 billion in March, up 21.01 percent from the previous month and 0.39 percent from the same month last year.

The growth was attributable to an increase in working days in March compared with February, which boosted sales of consumer electronics as well as computing and communications products, Hon Hai said in a statement Friday.

For the first three months of 2016, Hon Hai’s consolidated sales decreased 5.57 percent year-on-year to NT$957.87 billion due to seasonal effects, the company said.

Last year, Hon Hai’s sales got a big boost from strong demand for the iPhone 6/6 Plus, which created a high comparison base for this year, according to the company, whose biggest client is Apple Inc.     [FULL  STORY]

Asustek revenue better than expected

BLEAK OUTLOOK:An Asustek spokesman said notebook shipments might fall by up to 10% this quarter, as it is usually the weakest quarter for notebook products

Taipei Times
Date: Apr 09, 2016
By: Lauly Li / Staff reporter

Asustek Computer Inc (華碩) yesterday reported better-than-expected revenue for the first quarter, attributing the results to a higher notebook computer market share in China and recovering demand in Eastern Europe.

“The growth momentum in notebook shipments was stronger than the company’s forecast,” Asustek spokesman Nick Wu (吳長榮) said.

Asustek shipped 4.9 million notebooks in the first quarter, up 2.03 percent from 4.8 million units a year earlier, while revenue in the first quarter grew 7.7 percent annually to NT$110.05 billion (NT$3.39 billion), Wu said.

The company earlier forecast sales growth for the first quarter to be flat from last year’s NT$102.18 billion.     [FULL  STORY]