Buyback scheme approved
Far Eastern Department Stores Co (遠東百貨) yesterday said its board approved a plan to buy back as many as 25 million shares on the open market from today until Nov. 6. The company plans to repurchase shares at prices between NT$12 and NT$24 per share, with the size of the share buyback equaling 1.74 percent of total shares, Far Eastern Deparment said in a statement. The department store operator’s shares yesterday closed 0.32 percent lower at NT$15.45.
ASE posts August record
IC packager and tester Advanced Semiconductor Engineering Inc (ASE, 日月光半導體) yesterday reported a record revenue for last month of NT$22.92 billion (US$694.5 million), up 5.8 percent from July and an increase of 9.5 percent from a year earlier. Cumulative revenue for the first eight months this year rose 16.31 percent annually to NT$179.47 billion. Meanwhile, smaller rival Siliconware Precision Industries Co (SPIL, 矽品) said its revenue grew 5.7 percent month-on-month, but declined 4.2 percent year-on-year to NT$6.71 billion last month.
SAS’ solar sales soar
Solar wafer maker Sino-America Silicon Products Inc (SAS, 中美晶) yesterday said consolidated revenue rose 9.94 percent annually last month to NT$2.44 billion, with sales from solar products jumping 48.15 percent to NT$1.215 billion while those from silicon wafers falling 2.67 percent to NT$1.227 billion. The company expects order visibility to extend into the end of this year and factory utilization to remain at 100 percent.
Tai Tong eyes sales growth
The Tai Tong Food & Beverage Group (瓦城泰統集團) yesterday reported sales of NT$332 million for last month, up 12.58 percent year-on-year and 8.33 percent month-on-month. The company, which operates five restaurant chains including Thai Town Cuisine (瓦城泰國料理), said sales for the first eight months rose 19.38 percent year-on-year to NT$2.36 billion. It expects sales to grow steadily this month and in the fourth quarter on seasonal demand.
CTBC’s income slides
CTBC Financial Holding Co (中信金控) yesterday said net income last month slid 20.59 percent to NT$2.12 billion from July, with aggregate net income in the first eight months growing 22 percent year-on-year to NT$22.01 billion, or NT$1.33 per share. The company attributed the monthly decline to market volatility, which had impacted earnings performance of its life insurance and brokerage units. Separately, Fubon Financial Holding Co (富邦金控) reported net income of NT$4.32 billion for last month, tumbling 54.48 percent month-on-month, with net income in the first eight months rising 21.5 percent year-on-year to NT$55.87 billion.
Adimmune, Daiichi ink deal
Vaccine maker Adimmune Corp (國光生技) yesterday inked a five-year partnership agreement with Japan’s Daiichi Sankyo Co Ltd, to provide antigen bulk for the production of quadrivalet influenza vaccine for the Japan market. The companies said they aim to achieve annual production volume of 4 million vaccine doses. Daiichi Sankyo is one of Japan’s top three pharmaceutical companies, with ￥920 billion (US$7.68 billion) in sales and ￥75 billion in net income last year.
DEVELOPING TALENT: The electronics contractor is looking to recruit people to work in core tech fields and emerging industries like electric cars and robotics Hon Hai Precision Industry Co (鴻海精密), the world’s largest contract electronics maker, has launched a recruitment drive, offering a monthly salary of no less than NT$45,000 (US$1,485) to university graduates. For those with a master’s degree, the starting pay would be NT$52,000 per month at the minimum, while doctorate degree holders would receive at least NT$60,000 a month, Hon Hai said a statement issued early this week. The latest recruitment drive is aimed at attracting talent in core technology fields — artificial intelligence, semiconductors and next-generation mobile communications — and emerging industries — electric vehicles, digital healthcare and robotics, the
MRT TRAVEL FALLS: In February, ridership on the Taipei MRT System fell 8.96 percent from an average of 2.01 million per day in January Scooter sales jumped 13 percent last month as more commuters turned to two-wheelers to avoid public transportation amid the COVID-19 pandemic, the latest statistics showed. Sales expanded to 74,493 units last month, compared with 65,913 units in February, statistics released on Wednesday by Kwang Yang Motor Co (光陽工業) and the Ministry of Transportation and Communications showed. In the first quarter, aggregate sales slid 0.51 percent year-over-year to 186,627 units, from 187,580 units, data showed. Kwang Yang, the nation’s biggest scooter manufacturer, continued to lead the market by selling 24,136 vehicles last month, growing 6.12 percent from 20,785 units in the previous month, while
Asustek Computer Inc (華碩), the nation’s leading PC vendor, yesterday launched its first dual-screen gaming laptop powered by Intel Corp’s latest central processing units (CPUs). The PC manufacturer’s announcement closely followed the US chipmaker’s unveiling of its 10th Generation Core H-series, the fastest commercial mobile processors with speeds of up to 5 gigahertz. Although Asustek’s Zephyrus Duo 15, the highlight of its Republic of Gamers line, is not the company’s first laptop with two screens, it is its first designed specifically for gaming. Nestled between the primary display panel and the keyboard, the secondary display, which Asustek calls the ScreenPad Plus, is angled
NO ILL EFFECT: Last month’s data mainly reflected deals made in February, when the spread of COVID-19 was still relatively mild in Taiwan, housing brokers said Housing transactions in the six special municipalities totaled 19,824 units last month, up 7.8 percent from a year earlier, brokers said, citing government data. Last month’s data mainly reflected deals made in February, when the pinch of the COVID-19 pandemic was not yet evident, they said. Taoyuan posted the largest improvement, with housing transactions soaring 36.6 percent year-on-year to 3,676 units, local government data showed. Taiwan Realty Co (台灣房屋) attributed the pickup to the completion of two presale residential projects in the municipality. Houses in Taoyuan have increasingly gained in popularity in the past few year years due to relatively affordable home prices and