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Thursday, May 21, 2015
Shares in Taiwan closed lower Wednesday as investors locked in profits they had built up a session earlier amid cautious sentiment ahead of the release of the latest policymaking meeting minutes by the U.S. Federal Reserve, dealers said.
Shares of Nanya Technology Corp. (南亞科), one of Taiwan's major dynamic random access memory (DRAM) chip makers, moved sharply higher Wednesday morning on hopes that strong demand for mobile DRAMs from China will boost the company's bottom line, dealers said.
The U.S. dollar rose against the New Taiwan dollar Wednesday, gaining NT$0.042 to close at NT$30.682 on moderate turnover as many traders here stayed on the sidelines awaiting the release of the minutes of the U.S. Federal Reserve's last policymaking meeting, dealers said.
Fubon Securities (富邦證券), the securities unit of Taiwan-based Fubon Financial Holding Co. (富邦金), has secured approval from the Financial Supervisory Commission (FSC, 金管會) to buy a stake in China's Huishang Futures.
Hon Hai Precision Industry Co. (鴻海), the world's largest contract electronics maker, is expected to secure 60 percent-70 percent of the orders placed by Apple Inc. to assemble the next generation of the iPhone, an analyst said Wednesday.
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Wednesday, May 20, 2015
The government may soon raise the water price for the Sixth Naphtha Refinery (六輕) owned by Formosa Plastics Group (FPG, 台塑) in the midst of a controversy that the plant has been enjoying excessively low prices.
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Taiwan -- Industrial users may face water price hike
Industry representatives yesterday urged the Ministry of Economic Affairs (MOEA, 經濟部) to improve Taiwan's environment management sector to meet business needs.
Chairman of Beijing Vantone Real Estate Co., Ltd. (萬通實業) Feng Lun (馮侖) yesterday denied rumors that Vantone was withdrawing investment from the nation, saying that the company will remain and discuss future plans after the 2016 presidential election.
Shares of Largan Precision Co. (大立光) rose to a record high Tuesday after foreign brokerages raised their target prices on the stock based on the company's first-quarter profits, dealers said.
Shares of Hon Hai Precision Industry Co. (鴻海) moved higher Tuesday morning, extending gains from a session earlier, as investors remained excited by the company's first quarter results announced over the weekend, dealers said.
Taiwan's ASUSTeK Computer Inc. (華碩) has released a successor to its low-cost ZenFone range in the United States to tap into the world's second-largest smartphone market after China.
Shares in Taiwan moved higher to close above the 9,700-point mark Tuesday as buying was triggered by a record high on Wall Street to lift large-cap stocks in both the electronics and financial sectors, dealers said.
Tuesday, May 19, 2015
As temperatures rise around the island, Taiwan Power Company (Taipower, 台電,) is set to hike electricity prices in June, resulting in a couple-of-hundred-dollars increase in utility prices on a monthly basis.
The Ministry of Finance (財政部) is seeking legislative clearance for its consolidated land and housing sales tax by mid-June, the finance minister said yesterday.
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