TAIEX closes slightly up
The TAIEX moved in a narrow range and ended slightly higher yesterday as the market fell into consolidation mode following recent strong gains, dealers said.
However, China Development Financial Holding Corp (中華開發金控) closed up 5.52 percent at NT$7.27 after it announced a plan on Monday to buy back up to 200 million shares on the open market at prices ranging between NT$6.89 and NT$10 each from yesterday to Jan. 26.
The weighted index closed up 22.83 points, or 0.31 percent, at 7,430.20, after moving between 7,384.97 and 7,436.78. Turnover totaled NT$71.42 billion (US$2.45 billion) during the session.
Samsung eyes notebook market
Samsung Electronics Co yesterday said it aims to grab a double-digit share of Taiwan’s notebook market next year as it expands retail channels and breaks into the commercial sector.
The electronics giant began its notebook sales in Taiwan in March and accounts for only a single-digit share in a market dominated by local vendors Asustek Computer Inc (華碩) and Acer Inc (宏碁).
Samsung said it would not compete directly against Asustek and Acer in the lower-priced notebook segment, as it aims to build itself as a premium brand with most of its notebook products selling for more than US$1,000.
Low-end phones to drive growth
Mid and low-end smartphones will become the main drivers of smartphone shipment growth next year, as demand for the low-cost smartphones continues to increase in emerging markets, Digitimes Research said in a recent report.
Next year, Digitimes forecast Samsung Electronics Co will continue to lead the smartphone market with low-cost smartphone shipment growth of 30 percent in emerging markets, followed by Apple Inc, Sony Corp, Huawei (華為) and ZTE Corp (中興).
Lenovo Group Ltd (聯想) will replace Motorola Mobility to become the sixth largest smartphone vendor in the world and HTC Corp (宏達電) will hold its No. 7 ranking, followed by LG Electronics Inc, Research In Motion Ltd (RIM) and Nokia Oyj.
Chocolatier opens Taipei store
A French chocolatier yesterday entere Taiwan’s high-end chocolate market by opening its first store in Taipei.
“Now is the right time because Taiwan is a mature market,” said Bernard Poussin, general director and the eighth-generation owner of Debauve & Gallais, a chocolate manufacturer established in 1800.
After opening stores in the US, Japan, China and the Middle East, the company chose Taiwan as the location for its 16th overseas store.
Poussin said it is planning to open a second store in Taiwan in May or June next year, but the location has not been decided.
CAA issues merger reminder
The Civil Aeronautics Administration (CAA) yesterday reminded domestic air carriers wanting to form joint ventures with foreign partners that overseas investors cannot hold a majority stake in a local airline.
“The ratio of foreign capital in any joint venture must not exceed 49 percent,” the regulator said, while responding to TransAsia Airways Corp (復興航空) chairman Vincent Lin (林明昇), who said on Monday that the company was assessing whether to form an alliance with foreign carriers to make inroads into the budget air market.
NT dollar gains on greenback
The New Taiwan dollar gained ground against the US dollar yesterday, adding NT$0.014 to close at NT$29.129.
Turnover totaled US$670 million during the trading session.