Business and Finance

E Ink revenue set to grow in Q3

KINDLING PROFITS:E-paper display company E Ink is optimistic about quarterly revenue expansion, despite a predicted e-paper display profit downturn of about 70% this year

Taipei Times
Date: Aug 29, 2015
By: Lisa Wang  /  Staff reporter

E Ink Holdings Inc (元太科技), which supplies e-paper displays for Amazon.com Inc’s Kindle e-reader series, yesterday said revenue would grow up to 10 percent this quarter from a year earlier on seasonal demand, while royalty income would further boost its profits.

The company relies on royalty income from licensing Hydis Technologies Co’s LCD manufacturing patents to flat-panel makers for profitability, as little profit is made from its core e-paper display business.     [FULL  STORY]

New housing projects in Taipei forecast to hit record low in 2015

Focus Taiwan
Date: 2015/08/27
By: Wei Shu and Frances Huang

Taipei, Aug. 27 (CNA) The number of new housing projects in Taipei City is expected to 201508270014t0001fall in 2015 to the lowest in 19 years due to a series of government’s measures to rein in home prices, a local property market magazine said Thursday.

According to My Housing magazine (住展雜誌), there have been only 100 new housing projects in Taipei so far this year and the number is unlikely to exceed 160 for the whole year.

That would be the lowest annual number since 1996, when new housing projects in the capital city totaled 152, the magazine said.     [FULL  STORY]

Taiwan’s consumer confidence down for 4th consecutive month

Want China Times
Date: 2015-08-27
By: CNA

Taiwan’s consumer confidence weakened for the fourth consecutive month in August

A supermarket in Taiwan. (Photo/CNA)

A supermarket in Taiwan. (Photo/CNA)

amid concerns over an economic slowdown at home and abroad, a survey by National Central University showed Thursday.

The survey results echoed a move by the government to downgrade its forecast for Taiwan’s 2015 economic growth to 1.56% from an earlier estimate of 3.28% at a time when global investors fear slowing demand, in particular from China, the second largest economy in the world.

The survey indicated that Taiwan’s consumer confidence index (CCI) for August fell 3.43 points from a month earlier to 86.15, marking a fall for four months in a row, according to the university’s Research Center for Taiwan Economic Development.

All six sub-factors in the CCI which reflect how consumers feel about aspects of Taiwan’s economy over the following six months trended lower in August, according to the research center.     [FULL  STORY]

Institutional investors show stock confidence

REMAINING FIRM:Financial representatives have told the FSC that investors remain optimistic about the Taiwanese stock market and are not selling their holdings in droves

Taipei Times
Date: Aug 28, 2015
By: Ted Chen  /  Staff reporter

Most institutional investors remain confident in Taiwan’s stock market, despite looming concerns including China’s slowing economic growth momentum, a potential interest rate hike in the US and rising volatility in global markets, the Financial Supervisory Commission (FSC) said yesterday.

The remarks came after the commission gathered representatives from 43 foreign and domestic brokerages and securities investment trust companies to hear its briefing on the current market situation.

The companies told the commission that given the lack of runaway systemic risk and largely sound fundamentals, recent tumbles on the TAIEX were overdone.     [FULL  STORY]

Nearly 7% Taipei land prone to landslides, plate movement: study

Focus Taiwan
Date: 2015/08/26
By: Huang Chiao-wen and Elizabeth Hsu

Taipei, Aug. 26 (CNA) Almost 7 percent of the land in Taipei is vulnerable to landslides

Road in New Taipei (CNA file photo)

Road in New Taipei (CNA file photo)

and tectonic plate movement, but is not categorized as unsafe for construction, according to the findings of a government geological study that was released Wednesday.

The vulnerable areas in Taipei total 18.5 square kilometers, or 6.81 percent of the city’s land area, the study by the Central Geological Survey under the Ministry of Economic Affairs (MOEA) showed.

The geological sensitive areas are mostly in the mountains around the Taipei Basin, in the districts of Beitou, Shilin, Neihu, Zhongshan, Nangang, Xinyi, Da’an and Wenshan, according to the report.

MOEA officials said the areas are categorized as grade-two environmentally sensitive, which means there is no ban on construction projects there.     [FULL  STORY]

InFocus sees limited supplies as Apple gets dibs on Foxconn

Want China Times
Date: 2015-08-26
By: CNA

US-based technology firm InFocus suffered limited smartphone supplies in the first half

iPhone 6 and iPhone 6 Plus smartphones. (File photo/Xinhua)

iPhone 6 and iPhone 6 Plus smartphones. (File photo/Xinhua)

of 2015 as its major assembly partner, Taiwan’s Foxconn Technology Group, moved most of its capacity to produce Apple’s popular iPhones.

Lagging behind its competitors, InFocus held its first product launch in Taiwan this year on Tuesday to release three new smartphones, as the company was addressing a shortage of its previous phones and several components in the first half of 2015, said Steven Yeh, general manager of Commtiva Technology, the local distributor of InFocus phones and a sales arm of Foxconn.

He attributed the shortage of InFocus phones to limited production capacity allocated by Foxconn, the world’s largest contract electronics manufacturer that has been busy making Apple’s iPhone 6 models as well as other Android phones for Chinese brands such as Huawei Technologies and Xiaomi since late 2014.     [FULL  STORY]

AUO says it’s ready for downturn

NO FINANCIAL CRISIS:Though the downturn has sent the market into a quandary, LCD panelmakers are remaining calm as the slump tests AUOs’ new financial structures

Taipei Times
Date:  Aug 27, 2015
By: Lisa Wang  /  Staff reporter

AU Optronics Corp (AUO, 友達光電) yesterday said the recent industry slowdown, primarily caused by the faltering Chinese economy, is much milder than the last slump during 2008-2009 global financial crisis and the company is well-prepared to ride out the downturn.

The last industry downcycle, which saw weak demand and a price crunch, brought the nation’s major LCD panelmakers to the verge of bankruptcy, as they were unable to generate sufficient cash to repay piling debts.

“Recent global economic weakness hurts demand for consumer electronics and flat panels, meaning that we will not experience strong seasonal demand as usual in the second half,” AUO chairman and chief executive officer Paul Peng (彭雙浪) told reporters on the sidelines of the annual Touch Taiwan display show in Taipei.     [FULL  STORY]

Taiwan shares soar on hopes of government intervention

Focus Taiwan
Date: 2015/08/25
By: Frances Huang

Taipei, Aug. 25 (CNA) Shares in Taiwan staged a strong technical rebound and moved 201508250025t0001sharply higher Tuesday, as investor confidence was buoyed by expectations that the National Financial Stabilization Fund would enter the market to prop up share prices, dealers said.

The bellwether electronics sector stoked the rally, with market heavyweights such as contract chip maker Taiwan Semiconductor Manufacturing Co. (TSMC, 台積電) and smartphone camera lens supplier Largan Precision Co. (大立光) leading the way.

Bargain hunters also chased financial stocks to push up the index even further, they said.

The weighted index on the Taiwan Stock Exchange (TWSE) closed up 265.30 points, or 3.58 percent, at 7,675.64, after moving between 7,368.47 and 7,677.93, on turnover of NT$120.52 billion (US$3.70 billion).      [FULL  STORY]

Government might use stabilization fund if “necessary”

Taiwan News
Date: 2015-08-25
By: Jocylin FC, Taiwan News, Staff Writer

Chinese market has created a bloodletting effect throughout the world’s financial

Government might use stabilization fund.  Central News Agency (2015-08-25 18:02:10)

Government might use stabilization fund. Central News Agency (2015-08-25 18:02:10)

markets. After the Black Monday, the government announced on August 25 that they will use the state-run National Stabilization Fund to support the local stock market if necessary.

As the Chinese stock market plunges, the world embraces for the crash. In order to maintain order in the Taiwanese stock market, the state-run National Stabilization Fund called for a meeting and agreed on using the NT$500 billion of stabilization fund if necessary.

Simon Chang, the incumbent Vice Premier, said that the committees of National Stabilization Fund have agreed to act on the crash if the market is out of control.     [FULL  STORY]

Taiwan shares open higher

Focus Taiwan
Date: 2015/08/25

Taipei, Aug. 25 (CNA) The Taiwan Stock Exchange’s main index opened 17.02 points higher at 7,427.36 Tuesday, on turnover of NT$3.14 billion (US$95.27 million).

Update:
TAIEX at 7,533.51 points, up 123.17 points, or 1.66% (10 a.m.)