Wed, Jan 07, 2015 - Page 14 News List

Taiwan Business Quick Take

Staff writer, with agencies

PANEL MAKERS

CPT reports lower revenue

Flat-panel display maker Chunghwa Picture Tubes Ltd (CPT, 中華映管) yesterday said revenue shrank 8.9 percent to NT$4.49 billion (US$140 million) last month, from November’s NT$4.92 billion, as shipments fell. Shipments of panels for mobile devices and for cars dropped 8.3 percent to 38.37 million units last month, from 41.86 million units in November, the company said in a statement. Shipments of PC panels plunged 26.8 percent to 139,000 units from 190,000 units a month earlier, it added. Last year, revenue slid 3.9 percent to NT$56.39 billion from NT$58.66 billion in 2013, it said.

BATTERIES

Simplo posts quarterly gain

Simplo Technology Co (新普科技), the nation’s largest notebook battery pack maker, which supplies battery packs to Apple Inc, yesterday posted quarterly revenue of NT$19.01 billion for last quarter, up 10.45 percent from a year earlier and up 24.98 percent from the previous quarter. Simplo’s sales reached NT$17.21 billion in the fourth quarter of the previous year and made NT$15.21 billion in the previous quarter. The firm’s consolidated revenue for all of last year was NT$60.01 billion, up 9.65 percent from the previous year’s NT$54.73 billion, according to a company filing with the Taiwan Stock Exchange.

CHIPMAKERS

Aspeed sales beat estimate

Aspeed Technology Inc (信驊), which designs chips for servers that support cloud computing technology, reported record-high sales for last month at NT$84.67 million, up 2.87 percent month-on-month and 67.53 percent year-on-year. The company’s third-quarter revenue totaled NT$237 million, which was 4 percent higher than Morgan Stanley’s estimate. Morgan Stanley analyst Charlie Chan (詹家鴻) yesterday attributed last quarter’s performance to higher demand for servers in the US and China. The company indicated that orders remained strong into this month, Chan said in a note.

AUTOMAKERS

New vehicle sales rise

Sales of new cars last year rose 12 percent to 423,829 units, the highest since 2005, when the figure was a record-high 514,000 units, statistics provided by the Ministry of Transportation and Communications showed on Monday. Last month alone, the number of new vehicles sold in the nation rose 7.2 percent year-on-year to 41,799 units, in line with market expectations, the data showed. Hotai Motor Co (和泰汽車), which sells Toyota and Lexus vehicles in Taiwan, continued to lead the market last year, distributing 139,241 cars, with a 33 percent market share. “Consumer confidence in December continued to recover to close to the prior peak, keeping us positive on the Taiwan auto market entering 2015, since domestic consumption remains resilient and car replacement is still ongoing,” Morgan Stanley analyst Terence Cheng said in a note.

FAST FOOD

McNuggets deal launched

The Taiwan branch of McDonald’s Corp launched a Chicken McNuggets offer on Monday. From now until Jan. 27, people who purchase set meals at McDonald’s can get four Chicken McNuggets for NT$39, the company said, adding the move was to sustain the product’s popularity among consumers. Local consumers eat about 200 million Chicken McNuggets a year, the company said, an amount that if stacked vertically would be the height of 4,000 Taipei 101 skyscrapers.

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