Mon, Feb 09, 2015 - Page 14 News List

Taiwan Business Quick Take

Staff writer, with CNA

INVESTMENT

MOEA seeks higher numbers

The Ministry of Economic Affairs (MOEA) has set a goal of boosting domestic private investments to NT$1.4 trillion (US$44.22 billion) this year, up from NT$1.304 trillion recorded last year. The electricity supply sector could see investments rise by NT$9 billion, information technology could increase funds by NT$50 billion and the metal and machinery sector is likely to add NT$25 billion, the ministry said last week. It also aims to attract US$11 billion in foreign direct investments this year, an increase of 1.76 percent from US$10.81 billion last year.

CHIPMAKERS

Yuanta bullish on ASE

Yuanta Securities Investment Consulting Co (元大投顧) on Friday raised its earnings per share forecast for Advanced Semiconductor Engineering Inc (ASE, 日月光半導體) by 7 percent to NT$3.2 this year, saying that the firm will outgrow its peers supported by its technology leadership. However, Yuanta said ASE’s sales and margin outlook for this quarter might be weaker than expected. It forecast ASE’s sales for this quarter would decline by 17 percent from last quarter’s NT$76.64 billion, while its gross margin and operating margin would be about 19 percent and 9 percent respectively. The same day, ASE reported a gross margin of 21.4 percent and operating margin of 12.8 percent last quarter, with net income of NT$7.86 billion, or NT$0.99 per share.

CHIPMAKERS

Parade gives sales guidance

Parade Technologies Ltd (譜瑞), a video display and interface IC supplier, said on Thursday that sales may reach between US$45.5 million and US$49.5 million this quarter, compared with last quarter’s US$55.03 million. Parade is the sole supplier of embedded DisplayPort solutions for Apple Inc’s iPads. Its products are also increasingly being used in non-Apple notebook PCs and tablets. Last year, Parade’s net income increased 76.88 percent year-on-year to US$40.47 million, or US$0.54 per share, with revenue rising 44.76 percent to US$205.39 million from 2013.

This story has been viewed 1266 times.

Comments will be moderated. Keep comments relevant to the article. Remarks containing abusive and obscene language, personal attacks of any kind or promotion will be removed and the user banned. Final decision will be at the discretion of the Taipei Times.

TOP top