Fri, Mar 13, 2015 - Page 13 News List

Taiwan Business Quick Take

Staff writer

ELECTRONICS

HTC eyes shipments boost

Smartphone maker HTC Corp (宏達電) yesterday said its shipments at home would rise more than 50 percent this quarter from a year earlier and shipments for next quarter would also increase by a double-digit percentage year-on-year. HTC North Asia president Jack Tong (董俊良) said the shipment forecast for next quarter would be higher than this quarter thanks to the launch of the firm’s new flagship One M9. The new product goes on sale on Monday, making Taiwan the first nation in the world to sell HTC’s newest product, he said. The One M9 will initially be available in three colors — dual-tone silver and rose gold, single-tone gunmetal gray and single-tone gold — and priced from NT$21,900 (US$690) for a 32GB model, the firm said.

COMPUTERS

Inventec to reassign workers

Contract PC maker Inventec Corp (英業達) yesterday confirmed that it would conduct a workforce adjustment at its Taoyuan plants at the end of this month to utilize its manpower more efficiently, after local media reported the firm is planning large layoffs. Inventec chief financial officer Yu Chin-pao (游進寶) said in a Taiwan Stock Exchange filing that the company plans to transfer about 100 of its employees at its computer server business to Inventec Solar Energy Corp (英穩達) to cope with market changes. The solar-energy subsidiary is also based in Taoyuan. Those who do not want to work at Inventec Solar would be offered a severance package better than legal requirements, Yu said in the filing. The latest workforce adjustment came just days after Inventec said on Sunday that the group plans to recruit about 1,000 employees in the next two years to boost its research and development capabilities.

CONSTRUCTION

Huaku dividend lifts sector

Huaku Development Co (華固建設), which earned more than NT$5 per share last year, yesterday saw its shares rise by the 7 percent maximum daily limit after the company on Wednesday announced it would distribute a NT$5 cash dividend per share. Huaku posted a net income of NT$1.41 billion last year, or NT$5.08 per share, after consolidated sales of NT$6.44 billion, according to a company filing with the Taiwan Stock Exchange. With the company’s shares closing at NT$61 yesterday, the proposed dividend represents a yield of 8.2 percent. The company’s high dividend payout ratio of nearly 100 percent also boosted other construction shares, which advanced 0.94 percent yesterday in Taipei trading, compared with the broader market’s 0.76 percent rise.

MACHINERY

Goodway forecast cut

Yuanta Investment Consulting Co (元大投顧) has revised down its price-earnings (PE) ratio estimate for Goodway Machine Corp (程泰機械), which makes computerized numerical control latches, saying the company’s revenue and earnings growth this year may miss its own guidance. Goodway on Wednesday reported earnings of NT$852 million, or NT$6.88 per share, for last year on revenue of NT$7.82 billion, the highest earnings in the firm’s history, but Yuanta believes that Goodway will trade at 14 times PE ratio this year, rather than the 16 times forecast earlier, citing the company’s revenue goal of 28 percent growth year-on-year to NT$10 billion this year as too aggressive. The brokerage is forecasting a more conservative 8 percent year-on-year growth in sales this year, according to a note issued yesterday.

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