Thu, May 10, 2007 - Page 12 News List

Shin Kong shares could drop: analyst

SHORT-TERM CONSEQUENCES A less-than-expected unrealized gain of real estate assets could have a negative impact on share price, a SinoPac Securities analyst said

By Amber Chung  /  STAFF REPORTER

The venture can start operations in the second quarter next year by setting up its first foothold in Beijing, company spokesman Victor Hsu (許澎) said.

The company could take a measured pace in bank expansion as Hsu said life insurance business could remain the driving force powering the company over the next five years.

Shin Kong Financial shares closed down 0.3 percent at NT$32.8 on the Taiwan Stock Exchange yesterday.

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