Local flat-panel maker Amtran Technology Co (
The company said it expected its annual revenues to expand to more than NT$50 billion (US$1.524 billion) on the back of continued growth momentum.
The forecast revenues would represent a 68 percent increase from last year's NT$29.72 billion.
"Boosted by increasing shipments, June revenues expanded to a new monthly record," Amtran Technology said in a statement. "We forecast revenues will increase to more than NT$50 billion for the whole year."
Shares of Amtran Technology advanced 1.83 percent to close at NT$41.75 yesterday, outperforming the benchmark TAIEX index's 0.43 percent rise.
In a company filing to the Taiwan Stock Exchange, the company said its revenues more than doubled to NT$5.61 billion last month, compared with a year ago, or up 10.71 percent from May.
In the first six months, Amtran Technology's revenues almost doubled to NT$26.23 billion from NT$13.52 billion a year earlier, the filing showed.
Amtran Technology, which makes own-brand liquid-crystal-display (LCD) TVs and also supplies other companies, tapped into the brand business with its Vizio-brand TVs in North America in early 2005. The company is now the No. 3 TV vendor in the world's biggest slim-screen TV market.
Its shipments also jumped to 230,000 units last month, up from 200,000 in April, the company's filing showed.
"This is a result of fast-growing demand for flat-panel TVs," it said.
Amtran Technology attributed its increased shipments to improving marketing strategies and new sales channels such as Wal-Mart Stores Inc and Sears, Roebuck & Co in North America.
Last month, Amtran Technology hiked its shipment forecast for this year to 2.6 million flat-panel TVs outfitted with either LCD or plasma display panels, from its previous estimate of 2 million. Amtran said it shipped 990,000 TV sets last year.
In terms of PDP TV manufacturing, Amtran Technology is competing head-to-head with TPV Technology Ltd (
Ryanair, Transavia, Volotea and other low-cost airlines are feeling the financial pain from high jet fuel prices as a result of the Middle East war and are cutting flights. The closure of the Strait of Hormuz has taken a huge chunk of oil supplies off the market, sending the price of jet fuel soaring and triggering fears of shortages that could force airlines to cancel flights. Airlines are not waiting for a lack of supplies to react. “Travel alert: Airlines are cutting thousands of flights right now,” Travel Therapy host Karen Schaler said in an Instagram reel this past weekend.
MANAGING RISKS: Taiwan has secured LNG sufficient to cover 95 percent of electricity demand for next month, UBS said, describing the government’s approach as proactive UBS Group AG has raised its forecast for Taiwan’s economic growth this year to 8 percent, up from 6.9 percent previously, and said expansion could reach as high as 8.6 percent if external energy shocks are avoided. The upgrade reflects a stronger-than-expected first-quarter performance and sustained momentum in artificial intelligence (AI)-driven exports, which UBS said are providing a firm foundation for growth despite geopolitical and energy risks. Taiwan’s GDP expanded 13.69 percent year-on-year in the first quarter, the fastest growth since the second quarter of 1987, the Directorate-General of Budget, Accounting and Statistics (DGBAS) reported on Thursday. On a seasonally
The list of Asian stocks that benefit from business partnership with Nvidia Corp is getting longer, as the region further integrates into the artificial intelligence (AI) chip giant’s business ecosystem. Just in the past week, South Korea’s LG Electronics Inc, Taiwan’s Nanya Technology Corp (南亞科技), as well as China’s Huizhou Desay SV Automotive Co (德賽西威) and Pateo Connect Technology Shanghai Corp (博泰車聯) have become the latest to rally on news of tie-ups, supply-chain participation or product collaboration with the US chip designer. Asian suppliers account for about 90 percent of Nvidia’s production costs, up from about 65 percent last year, data compiled
The Fair Trade Commission’s (FTC) ongoing review of Grab Holdings Ltd’s US$600 million acquisition of Foodpanda Taiwan’s operations, announced on March 23, has taken on fresh urgency as industry experts warn that the transaction could embed significant Chinese cybersecurity vulnerabilities into Taiwan’s digital infrastructure through Grab’s deep ties to autonomous-driving firm WeRide (文遠知行). Less than 16 months after the FTC blocked Uber Eats’ direct attempt to acquire Foodpanda Taiwan — citing potential combined market shares of 80 to 90 percent — the emergence of Grab as the buyer has prompted questions about whether the same competitive harm is simply being rerouted
RSS