Wed, Mar 25, 2015 - Page 14 News List

Taiwan Business Quick Take

Staff writer, with CNA

MEDICAL DEVICES

AmCad debuts, rises 5.13%

AmCad BioMed Corp (安克生醫) shares yesterday rose 5.13 percent on its debut on the local over-the-counter market. Shares at one point climbed to NT$41.4 — an 8.95 percent rise from the listing price of NT$38 — in the morning session, with the stock closing at NT$39.95 yesterday on the Taipei Exchange (TPEx, 櫃檯買賣中心). AmCad, a subsidiary of Maywufa Bio-Pharmaceutical Group (美吾華集團), is a computer-aided design (CAD) software developer for high-end medical devices and has a paid-in capital of NT$408 million (US$13 million).

LEASING SERVICES

Chailease net income climbs

Chailease Holding Co (中租控股), the nation’s top leasing services provider, reported net income of NT$510 million last month, up 19 percent year-on-year, thanks to cost control and asset expansion, it said yesterday in a statement. On a monthly basis, net income declined 13 percent because of fewer working days, with cumulative earnings for the first two months of the year totaling NT$1.09 billion, or NT$0.99 per share. The firm last year posted net profit of NT$1.09 billion (US$34.73 million), or NT$0.99 per share, up 13 percent from a year earlier.

MACHINERY

Kao Fong to pay dividend

Kao Fong Machinery Co (高鋒), a leading designer and assembler of machining centers, yesterday said its board agreed to pay a NT$1.2 cash dividend to shareholders on record-high earnings of NT$169 million for last year, or NT$1.76 earnings per share. That represents a payout ratio of 68.18 percent. The plan is subject to shareholders’ approval at an annual general meeting on June 12. Kao Fong’s revenues totaled NT$2.095 billion last year, up 3.7 percent from 2013. With order visibility for the company’s products extending to May, analysts expect Kao Fong’s revenue for this year to rise above NT$25 billion.

SOLAR ENERGY

SAS to pay dividend

Solar wafer maker Sino-American Silicon Products Inc (SAS, 中美晶) yesterday said its board plans to distribute a cash dividend of NT$1.8 per share, after net income surged 282 percent year-on-year to NT$1.13 billion last year, or NT$2.06 per share. Yuanta Investment Consulting Co (元大投顧) yesterday said the company would report strong revenue growth this year from last year’s NT$27.82 billion with better profitability, citing SAS’ expansion plan and diversified product portfolio. The brokerage gave the stock a “buy” rating with a target price of NT$65. Shares closed 0.4 percent lower at NT$49.8 yesterday.

ELECTRONICS

Sharp news hits Hon Hai

Hon Hai Precision Industry Co (鴻海精密) shares fell 0.21 percent to NT$93.30 in Taipei trading yesterday, as investors digested news about its intention to participate in Sharp Corp management. In an interview published in the Japanese weekly Toyo Keizai on Friday last week, Hon Hai chairman Terry Gou (郭台銘) said his firm is ready to support Sharp financially, but the support is contingent on being able to join the Japanese company’s management. A plan in 2012 to buy a 9.9 percent stake in Sharp for ¥66.9 billion (US$560.6 million at current exchange rates) fell apart in 2013 after weak earnings reports sent Sharp shares into a tailspin alongside the Japanese company’s refusal of Gou’s request to have a say in the company’s management.

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