Yang Ming Marine Transport Corp (
Yang Ming Marine is unlikely to repeat its record profit of NT$9.8 billion (US$314 million) last year as expansion undertaken by rival shipping lines may drive down earnings in the fourth quarter, said Gary Soang, vice president of the company's finance department, declining to give estimates.
Rising number of ships will put pressure on Yang Ming's profits in the next 10 years as annual earnings per share may drop to NT$4 earnings, at best, and at worse, to NT$2, less than half of what it made last year, Soang said.
Yang Ming is planning to increase its capacity by almost a third to meet rising demand for Asian goods from North America and Europe. About 80 percent of global trade is carried by sea.
"There may be some pressure in the fourth quarter, because of increasing supply of cargo services," Soang told reporters yesterday. "Last year was probably the peak for our per-share earnings."
Yang Ming, based in Keelung, plans to expand the container capacity by 32 percent before the end of 2007, from a fleet of 66 ships capable of carrying 188,494 20-foot boxes as of last Wednesday, according to a company report.
Intel Corp chief executive officer Lip-Bu Tan (陳立武) is expected to meet with Taiwanese suppliers next month in conjunction with the opening of the Computex Taipei trade show, supply chain sources said on Monday. The visit, the first for Tan to Taiwan since assuming his new post last month, would be aimed at enhancing Intel’s ties with suppliers in Taiwan as he attempts to help turn around the struggling US chipmaker, the sources said. Tan is to hold a banquet to celebrate Intel’s 40-year presence in Taiwan before Computex opens on May 20 and invite dozens of Taiwanese suppliers to exchange views
Application-specific integrated circuit designer Faraday Technology Corp (智原) yesterday said that although revenue this quarter would decline 30 percent from last quarter, it retained its full-year forecast of revenue growth of 100 percent. The company attributed the quarterly drop to a slowdown in customers’ production of chips using Faraday’s advanced packaging technology. The company is still confident about its revenue growth this year, given its strong “design-win” — or the projects it won to help customers design their chips, Faraday president Steve Wang (王國雍) told an online earnings conference. “The design-win this year is better than we expected. We believe we will win
Quanta Computer Inc (廣達) chairman Barry Lam (林百里) is expected to share his views about the artificial intelligence (AI) industry’s prospects during his speech at the company’s 37th anniversary ceremony, as AI servers have become a new growth engine for the equipment manufacturing service provider. Lam’s speech is much anticipated, as Quanta has risen as one of the world’s major AI server suppliers. The company reported a 30 percent year-on-year growth in consolidated revenue to NT$1.41 trillion (US$43.35 billion) last year, thanks to fast-growing demand for servers, especially those with AI capabilities. The company told investors in November last year that
Power supply and electronic components maker Delta Electronics Inc (台達電) yesterday said it plans to ship its new 1 megawatt charging systems for electric trucks and buses in the first half of next year at the earliest. The new charging piles, which deliver up to 1 megawatt of charging power, are designed for heavy-duty electric vehicles, and support a maximum current of 1,500 amperes and output of 1,250 volts, Delta said in a news release. “If everything goes smoothly, we could begin shipping those new charging systems as early as in the first half of next year,” a company official said. The new
RSS