Morgan Stanley & Co is slated to lead a corporate delegation, consisting of 12 top executives from eight Taiwanese bluechip companies, for a five-day trip next week to meet potential investors in the Europe and the US.
The roadshow, entitled "Tai-wan Corporate Day," will enable those Taiwanese corporations with a total market value of over US$30 billion to meet some 100 major institutional investors, who manage combined assets of over US$80 billion in Asia.
A Morgan Stanley executive said he hopes the roadshow may help the companies develop better relations with overseas investors.
Through direct communications, the event will "allow offshore investors to gain first-hand insights about the companies," Wallace Ko (
The delegation will be led by Dickson Ho (何資文), managing director and head of Taiwan research at Morgan Stanley. Composition of the delegation extends from the high-tech sector to traditional and financial industry personnel.
Advanced Semiconductor Engineering Inc (日月光半導體), the nation's largest chip-testing and packaging company, Quanta Computer Inc (廣達電腦), the world's biggest notebook computer maker, and Lite-On Technology Corp (光寶科技), a leading computer-monitor maker, are among companies who will send representatives.
The other five companies are Asia Optical Co (亞洲光學), Lite-On IT Corp (建興科技), a manufacturer of CD and DVD drives for computers, Cathay Financial Holding Co (國泰金控), Taiwan Cement Corp (台泥) and Far Eastern Textile Ltd (遠東紡織).
The roadshows in one-on-one and small-group meetings will be held in London, New York, Boston and San Francisco between next Monday and Thursday to capture the key equity investment centers there, the Morgan Stanley said in a statement.
The US investment bank first organized a "Hong Kong Corporate Day" last July to initiate its corporate marketing program. With positive responses to that event, the bank decided to organize more country-specific events, including an "India Corporate Day" later this year.
If the response to the "Taiwan Corporate Day" events are good, the bank might stage more such roadshows to bring Taiwanese companies and offshore investors together, spokeswoman Cheung Poling (張寶玲) said yesterday.
Ho, however, warned on Thursday, that the handling of cross-strait relations was crucial to foreign investors' confidence in local shares. He said that if Taiwan fails to reduce cross-strait tensions and dismisses Taiwan-independence concerns, investors may consider Taiwanese shares too risky and refuse to consider long-term investments.
Taiwan Transport and Storage Corp (TTS, 台灣通運倉儲) yesterday unveiled its first electric tractor unit — manufactured by Volvo Trucks — in a ceremony in Taipei, and said the unit would soon be used to transport cement produced by Taiwan Cement Corp (TCC, 台灣水泥). Both TTS and TCC belong to TCC International Holdings Ltd (台泥國際集團). With the electric tractor unit, the Taipei-based cement firm would become the first in Taiwan to use electric vehicles to transport construction materials. TTS chairman Koo Kung-yi (辜公怡), Volvo Trucks vice president of sales and marketing Johan Selven, TCC president Roman Cheng (程耀輝) and Taikoo Motors Group
Among the rows of vibrators, rubber torsos and leather harnesses at a Chinese sex toys exhibition in Shanghai this weekend, the beginnings of an artificial intelligence (AI)-driven shift in the industry quietly pulsed. China manufactures about 70 percent of the world’s sex toys, most of it the “hardware” on display at the fair — whether that be technicolor tentacled dildos or hyper-realistic personalized silicone dolls. Yet smart toys have been rising in popularity for some time. Many major European and US brands already offer tech-enhanced products that can enable long-distance love, monitor well-being and even bring people one step closer to
New apartments in Taiwan’s major cities are getting smaller, while old apartments are increasingly occupied by older people, many of whom live alone, government data showed. The phenomenon has to do with sharpening unaffordable property prices and an aging population, property brokers said. Apartments with one bedroom that are two years old or older have gained a noticeable presence in the nation’s six special municipalities as well as Hsinchu county and city in the past five years, Evertrust Rehouse Co (永慶房產集團) found, citing data from the government’s real-price transaction platform. In Taipei, apartments with one bedroom accounted for 19 percent of deals last
RECORD-BREAKING: TSMC’s net profit last quarter beat market expectations by expanding 8.9% and it was the best first-quarter profit in the chipmaker’s history Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), which counts Nvidia Corp as a key customer, yesterday said that artificial intelligence (AI) server chip revenue is set to more than double this year from last year amid rising demand. The chipmaker expects the growth momentum to continue in the next five years with an annual compound growth rate of 50 percent, TSMC chief executive officer C.C. Wei (魏哲家) told investors yesterday. By 2028, AI chips’ contribution to revenue would climb to about 20 percent from a percentage in the low teens, Wei said. “Almost all the AI innovators are working with TSMC to address the