Four Singaporean firms are planning to list on Taiwan’s stock exchange by issuing Taiwan Depositary Receipts or through an initial public offering (IPO), Taiwan Stock Exchange Corp (台灣證交所) chairman Schive Chi (薛琦) said.
However, Schive was reluctant to reveal the companies’ names, saying only that they were “highly interested in doing so” during a telephone interview with Singapore’s Lianhe Zaobao on Tuesday.
“Medium-sized companies from Singapore in the environmental protection, technology, green energy and service sectors should be welcome in the Taiwanese market,” the newspaper quoted him as saying.
“Most of the local firms listed on Taiwan’s bourse are high-tech and information companies, of which many are small but profitable enterprises,” he said, according to the newspaper.
Schive predicted that more foreign enterprises would apply for listings on the local bourse in the second half of this year, citing market statistics showing that 56 companies plan to list sometime this year.
Silicon Valley-based Integrated Memory Logic Ltd, a TFT-LCD maker, will list in Taiwan next week, he said.
Encouraging Singaporean companies that feel they are undervalued to follow suit, Schive said listing in a secondary market would make sense because a strong performance could drive up the company’s share prices in the original market.
COMING BACK
In the past, Singapore’s stock market was more attractive to Taiwanese businessmen, but in recent years, a growing number of Taiwan’s entrepreneurs with investments overseas have returned home to list, attracted by the market’s high price-earnings (P/E) ratios and strong liquidity, Schive said.
Since 2000, shares listed on the Taiwan Stock Exchange have averaged a P/E ratio of 20, higher than Singapore’s average of 16 to 17 and Hong Kong’s 15.6, he said.
Another strength is the market’s high cash dividends, Schive said.
In 2008, companies listed on Taiwan’s bourse distributed NT$1 trillion (US$31.5 billion), or about 8.5 percent of the country’s GDP, in cash dividends to shareholders.
Asked whether Taiwan’s stock exchange is willing to sign an agreement with Singapore’s bourse that would encourage firms of both countries to cross-list, Schive cautioned that because it involved currency settlement issues, it would have to be handled carefully and on a step-by-step basis.
SEMICONDUCTORS: The German laser and plasma generator company will expand its local services as its specialized offerings support Taiwan’s semiconductor industries Trumpf SE + Co KG, a global leader in supplying laser technology and plasma generators used in chip production, is expanding its investments in Taiwan in an effort to deeply integrate into the global semiconductor supply chain in the pursuit of growth. The company, headquartered in Ditzingen, Germany, has invested significantly in a newly inaugurated regional technical center for plasma generators in Taoyuan, its latest expansion in Taiwan after being engaged in various industries for more than 25 years. The center, the first of its kind Trumpf built outside Germany, aims to serve customers from Taiwan, Japan, Southeast Asia and South Korea,
Gasoline and diesel prices at domestic fuel stations are to fall NT$0.2 per liter this week, down for a second consecutive week, CPC Corp, Taiwan (台灣中油) and Formosa Petrochemical Corp (台塑石化) announced yesterday. Effective today, gasoline prices at CPC and Formosa stations are to drop to NT$26.4, NT$27.9 and NT$29.9 per liter for 92, 95 and 98-octane unleaded gasoline respectively, the companies said in separate statements. The price of premium diesel is to fall to NT$24.8 per liter at CPC stations and NT$24.6 at Formosa pumps, they said. The price adjustments came even as international crude oil prices rose last week, as traders
POWERING UP: PSUs for AI servers made up about 50% of Delta’s total server PSU revenue during the first three quarters of last year, the company said Power supply and electronic components maker Delta Electronics Inc (台達電) reported record-high revenue of NT$161.61 billion (US$5.11 billion) for last quarter and said it remains positive about this quarter. Last quarter’s figure was up 7.6 percent from the previous quarter and 41.51 percent higher than a year earlier, and largely in line with Yuanta Securities Investment Consulting Co’s (元大投顧) forecast of NT$160 billion. Delta’s annual revenue last year rose 31.76 percent year-on-year to NT$554.89 billion, also a record high for the company. Its strong performance reflected continued demand for high-performance power solutions and advanced liquid-cooling products used in artificial intelligence (AI) data centers,
SIZE MATTERS: TSMC started phasing out 8-inch wafer production last year, while Samsung is more aggressively retiring 8-inch capacity, TrendForce said Chipmakers are expected to raise prices of 8-inch wafers by up to 20 percent this year on concern over supply constraints as major contract chipmakers Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) and Samsung Electronics Co gradually retire less advanced wafer capacity, TrendForce Corp (集邦科技) said yesterday. It is the first significant across-the-board price hike since a global semiconductor correction in 2023, the Taipei-based market researcher said in a report. Global 8-inch wafer capacity slid 0.3 percent year-on-year last year, although 8-inch wafer prices still hovered at relatively stable levels throughout the year, TrendForce said. The downward trend is expected to continue this year,
RSS