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.
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