Tue, Nov 10, 2015 - Page 14 News List

Taiwan Business Quick Take

Staff writer, with agencies

FOOD & BEVERAGE

Tai Tong sales expand

The Tai Tong Food & Beverage Group (TTFB, 瓦城泰統集團), which operates four oriental cuisine chain restaurant brands, yesterday reported that its sales last month grew 9.63 percent sequentially and 17.76 percent annually to NT$276 million (US$8.41 million). Sales in the first 10 months of this year gained 18.45 percent to NT$2.88 billion. The group’s latest restaurant brand, Very Thai Noodles (大心新泰式麵食), opened three new stores in shopping centers in Taipei and Kaohsiung, with plans to open eight more before the end of this month. TTFB shares lost 0.42 percent to close at NT$236 in Taipei trading yesterday.

FOOD & BEVERAGE

Wowprime reports loss

Wowprime Corp (王品), the nation’s largest restaurant chain operator, yesterday reported its first-ever quarterly loss of NT$2.8 million for the July-to-September period, with sales last month tumbling 1.9 percent year-on-year to NT$1.28 billion. Aggregate sales in the first 10 months fell 1.3 percent annually to NT$14.17 billion. However, as sales rebounded 2.72 percent last month compared with September, suggesting that its operations have begun stabilizing, company chairman Park Chen (陳正輝) said that swings in the economic cycle are inevitable. Wowprime shares fell 6.27 percent to NT$172 in Taipei trading yesterday.

SMARTPHONES

HTC’s US market share falls

HTC Corp’s (宏達電) share of the US smartphone market continued to fall in the third quarter prior to the launch of the company’s One A9 handset, according to a report published on Nov. 6 by market research firm comScore Inc. The report said that HTC’s US market share slid by 0.1 percentage points sequentially to 3.3 percent in the third quarter, maintaining its fifth-place ranking. The market share loss came ahead of an Oct. 20 launch of HTC’s One A9, which is the first non-Nexus smartphone powered by Google Inc’s Android 6.0 Marshmallow operating system.

PETROCHEMICALS

Industry value to increase

The production value of Taiwan’s petrochemical industry is expected to increase by between 3.1 percent and 4.2 percent next year as oil prices stabilize, a government-backed research institute said yesterday. According to the Industrial Economic and Knowledge Center (IEK) of the Industrial Technology Research Institute, most research institutes believe oil prices are to stabilize and remain low next year. This would help profitability of the nation’s petrochemical companies, which use naphtha as a raw material, the IEK said. Demand for petrochemical products in China and other emerging markets, such as India and Vietnam, would support capacity utilization of Taiwan’s petrochemical industry, which would boost the sector, it added.

RETAIL

FamilyMart sales rise

Taiwan FamilyMart Co (全家便利商店) yesterday reported sales of NT$4.98 billion for last month, and that aggregate sales in the first 10 months of this year rose 2.68 percent annually to NT$48.41 billion. The nation’s second largest convenience store chain operator said that sales last month were driven by rising demand for microwavable meals and salad products, and that sales growth this month is expected to be driven by seasonal products, such as hot beverages and functional clothing for cooler weather. The chain said that, as of the end of last month, it operates 2,970 stores.

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