Friday, August 1, 2014
Taiwanese smartphone maker HTC Corp. (宏達電) on Thursday forecast third quarter revenues of just NT$42 billion (US$1.4 billion) to NT$47 billion, a decrease of 18-36 percent from the previous quarter.
The Cabinet's Directorate-General of Budget, Accounting and Statistics (DGBAS) yesterday adjusted Taiwan's second quarter GDP growth to 3.84 percent, up 1.05 percentage points from its previous estimate.
MediaTek (聯發科), a fabless semiconductor company and system-on-chip (SOC) solution provider yesterday reported its operating results over the second quarter, recording revenues of NT$54.133 billion and after-tax net income of NT$12.549 billion, improving by 17.66 and 23.8 percent quarter-on-quarter, respectively, at the firm's earnings conference.
Quintiles Taiwan (昆泰公司) has managed an average of 25 clinical trial approvals from local regulators over the past five years, which is an annual growth of 28.7 percent, placing it second only to mainland China among all other Asian markets.
Morgan Stanley has raised its price target for shares of Taiwan's Innolux Corp. (群創光電) to NT$13.80 (US$0.46) from NT$12.02, on expectations that the world's No.3 flat panel maker will benefit from a tight supply of TV panels in the second half of this year.
The U.S. dollar rose against the Taiwan dollar Thursday, gaining NT$0.030 to close at the day's high of NT$30.040 as the local central bank seized the weakness of other regional currencies to vault the greenback back to the red, dealers said.
Shares in Taiwan took a beating Thursday as large-cap semiconductor stocks came under heavy downward pressure amid cautious sentiment toward the outlook for the third quarter, dealers said.
Samsung Electronics Co. reported a bigger-than-expected fall in second quarter profit on Thursday and said it was uncertain if earnings from its handset business would improve in the current quarter.
A federal judge imposed a US$1.3 billion civil penalty against Bank of America (BofA) on Wednesday for its role in selling risky mortgages to Fannie Mae and Freddie Mac that were advertised as safe investments.
The G-20's pledge to boost growth could be wiped out by rising interest rates and weakening emerging economies, an IMF report said, as Chief Christine Lagarde warned Thursday of “slow” progress in reaching the goal.