Sat, Nov 07, 2015 - Page 14 News List

Taiwan Business Quick Take

Staff writer


Novatek predicts decline

Novatek Microelectronics Corp (聯詠), which supplies chips that control flat-panel displays, yesterday reported that net profit last quarter grew 14.33 percent from the previous quarter to NT$1.69 billion (US$51.6 million), or earnings per share of NT$2.79, and reiterated that Chinese competitors pose no significant threat for the firm. The firm predicted that revenue would decline by 5 to 8 percent this quarter to between NT$12 billion and NT$12.5 billion from last quarter’s NT$13.08 billion. An improved product mix is expected to help maintain its gross margin at between 27 and 28 percent this quarter, compared with last quarter’s 28.05 percent.


MediaTek sets new record

MediaTek Inc (聯發科), the nation’s top handset chip designer, yesterday said that it posted NT$22.24 billion in consolidated sales for last month, up 10.96 percent from the previous month and up 2.93 percent from a year earlier. It was the highest monthly sales in the company’s history. In the first 10 months of the year, MediaTek’s consolidated sales were NT$173.78 billion, showing a 3.03 percent decline from the same period last year.


Tablets hurt Inventec sales

Contract electronics manufacturer Inventec Corp (英業達) yesterday reported that its sales dropped 4.5 percent annually and 13.18 percent monthly to NT$35.16 billion last month. The company said the double-digit decline was mainly due to falling shipments of tablet devices. Total revenue for the first 10 months of the year fell 10.89 percent to NT$320.58 billion from NT$359.75 billion in the same period last year.


Hota beats estimates

Hota Industrial Manufacturing Co (和大工業), which makes gears and shafts for automobiles, yesterday reported that revenue hit a record NT$469 million last month, up 22.79 percent year-on-year. Aggregate revenue from January to last month totaled NT$4.33 billion, an increase of 24.27 percent from a year earlier. The company, which lists BorgWarner Inc and Tesla Motors Inc among its clients, on Thursday reported a net income of NT$348 million for last quarter, up 91.8 percent year-on-year, with earnings per share of NT$1.49, beating Bloomberg’s estimate of NT$261 million, or NT$1.11 per share.


Synnex sales rise 10%

Synnex Technology International Corp (聯強國際) yesterday said that consolidated sales for last month rose 10 percent from a year earlier to NT$29.62 billion, but declined 1.3 percent from the previous month. The company said that its communications products business saw an annual sales growth of 69 percent last month, followed by an annual increase of 22 percent in semiconductor components sales.


Tablet shipments to surge

Global tablet shipments are forecast to increase 16 percent to 58.7 million units this quarter from last quarter as Apple Inc and Microsoft Corp launch new products. However, the numbers are still down sharply by 23 percent from a year ago, Taipei-based research company Digitimes Research said yesterday. White-box tablet vendors are expected to maintain shipments of 20.2 million units this quarter from last quarter due to holiday demand, it said.

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