Tue, May 26, 2015 - Page 14 News List

Taiwan Business Quick Take

Staff writer, with agencies

SEMICONDUCTORS

Hermes reports loss

Semiconductor inspection tool and equipment maker Hermes Microvision Inc (漢微科) yesterday unexpectedly posted a loss of NT$180 million for last month, or a loss per share of NT$2.54, according to a company statement filed with the Taiwan Stock Exchange. During the same period last year, the company posted a net profit of NT$290 million, according to the statement. Revenue last month plunged 78 percent year-on-year to NT$171 million from NT$766 million. However, Hermes said order visibility was good and it expected revenue to grow significantly this quarter from last quarter.

FINANCE

Chailease posts growth

Chailease Holding Co Ltd (中租控股), the nation’s top leasing services provider, yesterday posted 5.05 percent annual growth in net profit for last month to NT$520.4 million, from NT$495.4 million. On a monthly basis, the figure represented a 16.34 percent decline from NT$622.1 million. In the first four months of this year, Chailease’s net profit climbed 8.25 percent to NT$2.23 billion, compared with NT$2.06 billion during the same period last year. The company plans to distribute a cash dividend of NT$2.8 per common share and 0.04 percent in stock dividend. The proposal is to be discussed during an annual shareholder’s meeting on Thursday.

TECHNOLOGY

Nanya sees revenue fall

Nanya Technology Corp (南亞科技), the nation’s top DRAM chipmaker, saw its revenue from mobile DRAM chips fall 21.6 percent to US$50 million last quarter, from US$63 million a quarter ago, primarily due to sluggish customer demand and reduced output. As a result, Nanya Technology’s share of the global mobile DRAM market shrank to 1.4 percent from 1.8 percent, according to market researcher TrendForce Corp (集邦科技). TrendForce said it considers mobile DRAM chips a crucial driver for DRAM chipmakers, citing strong demand and good prices. The researcher said Nanya Technology was actively expanding into the mobile DRAM chip market and that the company was likely to catch up with global rivals by upgrading to 30-nanometer technology in the second half of this year. Winbond Electronics Corp (華邦電) saw its mobile DRAM chip revenue rise by 7 percent sequentially last quarter to US$33 million, maintaining its market share of 0.9 percent.

REAL ESTATE

Fubon to buy museum site

Fubon Life Insurance Co (富邦人壽) has agreed to buy the London site of the Madame Tussauds waxworks museum for £348.8 million (US$540 million) as the Taiwanese insurer seeks higher returns overseas. The property on Marylebone Road near Regent’s Park includes a 2,833m2 plot of land and a 10,898m2 building, Taipei-based Fubon said in a statement filed with the Taiwan Stock Exchange on Friday. The insurer, an arm of Taiwan’s second-biggest listed lender by market value, has received approval from the Financial Supervisory Commission to buy the property from Secure Income REIT PLC. Fubon is making its third real-estate investment in London after Taiwanese regulators eased investment restrictions to help insurance companies buy more overseas property and foreign currency bonds. Cathay Life Insurance Co earlier this month bought the Walbrook Building in the City of London financial district for £575 million in the biggest single-property purchase in the UK capital this year.

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