Chinese rebound boosts TAIEX
The TAIEX yesterday recouped earlier losses to close in positive territory as investors took cues from a strong rebound posted by the Shanghai and Shenzhen markets in China, dealers said.
Old economy stocks, in particular the so-called “China concept” ones that have close business ties with China, were boosted by rotational buying, while the financial sector attracted interest on hopes of increasing cross-strait financial exchanges, they said.
The weighted index closed up 48.07 points, or 0.63 percent, at 7,649.05, on turnover of NT$101.23 billion (US$3.48 billion).
Evergreen Marine ranked sixth
Evergreen Marine Corp (長榮海運) was the sixth-largest container ship operator globally last year, according to a report released by the UN Conference on Trade and Development (UNCTAD) on Tuesday.
Evergreen ranked sixth with 159 vessels and 570,843 20-foot equivalent units (TEUs) and was the only one in the top 10 that had an average vessel size smaller than 4,000 deadweight tonnes, according to the Review of Maritime Transport 2012, which ranked carriers based on data from 2010-2011.
Yang Ming Marine Transport Corp (陽明海運) moved up one notch to 15th place with 84 vessels, 343,476 TEUs and an average vessel size of 4,089 deadweight tonnes, while Wan Hai Lines Ltd (萬海航運) ranked the 20th-largest operator with 89 vessels, 185,146 TEUs and an average vessel size of 2,089 deadweight tonnes.
MediaTek sales to soar: iSuppli
MediaTek Inc (聯發科), a Taiwan-based integrated circuit designer, is expected to become the world’s 17th largest IC supplier by sales this year, up from the 21st place a year earlier, market researcher iSuppli said in a report yesterday.
MediaTek is expected to post US$3.47 billion in sales this year, up 4.9 percent from last year and outperforming the entire IC sector, which iSuppli estimated to suffer a 2.3 percent decline in sales to US$303 billion, the report showed.
Intel Corp is expected to remain the largest IC supplier in the world with US$47.54 billion in sales for this year, followed by Samsung Electronics Co, which is expected to generate US$30.47 billion in revenue, and Qualcomm Inc, with a revenue of US$12.98 billion, iSuppli said.
Quanta outstrips rivals: report
Quanta Computer Inc (廣達電腦) and Hon Hai Precision Industry Co (鴻海精密) are set to outperform their rivals thanks to their production advantages in western China, Bank of America Merrill Lynch said in a report on Tuesday.
Merrill Lynch said that because Quanta was the first notebook original design manufacturing (ODM) service provider to build production sites in Chongqing, the Taiwanese contract laptop maker has outstripped its rivals.
“We believe Quanta is above all ODM peers in terms of cost savings and resource efficiency,” Merrill Lynch analyst Robert Cheng (鄭勝榮) wrote in the report.
The report noted that Hon Hai has been building a comprehensive supply chain in Chengdu for Apple’s iPad tablet series since 2010. Hon Hai now has some 160,000 direct employees in Chengdu, a significant increase from 90,000 in 2011, according to the report.
NT dollar edges up
The New Taiwan dollar maintained strength against the US dollar yesterday, gaining NT$0.014 to close at NT$29.102 as the local bourse kept steaming ahead on the back of large foreign buying, which boosted demand for the local currency, dealers said.
Turnover totaled US$780 million during the trading session.