TAIEX gains on electronics
The TAIEX yesterday closed up 16.98 points, or 0.22 percent, at 7,738.64. Turnover was NT$83.35 billion (US$2.87 billion).
Smartphone vendor HTC Corp (宏達電), chip designer MediaTek Inc (聯發科) and handheld device camera lens supplier Largan Precision Co (大立光) brushed off pressure from lower-than-expected sales reports last month to help lift high-priced electronics stocks. Largan rose 0.54 percent to NT$742, while MediaTek rose 3.1 percent to NT$312 and HTC gained 1.63 percent to end at NT$281.
Innolux revenues increase
Innolux Corp (群創), the nation’s biggest LCD panel maker, yesterday said revenue rose 2.4 percent to NT$44.32 billion last month, from NT$43.28 billion in November last year, thanks to increase in shipments of PC and TV panels.
That brought the company’s total revenue in the fourth quarter of last year up just 0.04 percent to NT$129.6 billion from NT$129.55 billion in the third quarter.
Last month, Innolux shipped 13.23 million units, up from 12.82 million units in November. Last quarter, shipments shrank 5.5 percent to 38.45 million units from 40.71 million units.
AUO showcases new TV panel
AU Optronics Corp (AUO, 友達光電), the nation’s No.2 flat panel maker, yesterday said it was showcasing a 56-inch high-resolution OLED TV panel jointly with Japanese electronics company Sony during the annual Consumer Electronics Show in Las Vegas, Nevada.
The screen is the biggest flat panel with ultra-high-definition technology of 4kx2k.
AUO also said revenue dropped 5.4 percent last month to NT$32.06 billion from NT$33.9 billion in November last year, after shipment of PC and TV flat panels dropped 3 percent month-on-month to 10.38 million units.
In the fourth quarter, revenue slipped 3.3 percent to NT$99.41 billion, compared with NT$102.78 billion in the third quarter.
Green Energy sees revenue fall
Green Energy Technology Inc (綠能科技), the nation’s biggest solar wafer maker, yesterday said revenue fell 3.7 percent to NT$740 million last month, from NT$768.72 million in November last year.
Green Energy blamed the decline on an increase in lower-priced solar module business.
Last year, Green Energy said its revenue halved to NT$9.84 billion, from NT$18.6 billion in 2011.
Jinli posts record revenue
Jinli Group Holdings Ltd (金麗集團控股), which runs two apparel and shoe brands in China, yesterday said its consolidated revenue last year marked its highest level ever at NT$3.85 billion, up 17.36 percent from a year earlier.
However, consolidated sales last month dropped 47.15 percent year-on-year to NT$405.27 million, as the comparison basis in December 2011 was relative high because of the earlier Lunar New Year holiday in January last year.
Ahead of the Lunar New Year holiday next month, Jinli maintained a bullish outlook on sales this month because of strong seasonal demand, it said in a statement.
Yulon unveils new car in China
Taiwanese automaker Yulon Group (裕隆集團) will unveil its new high-end vehicle, the Luxgen CEO, in China this year, a group executive said on Tuesday.
The car will debut at a price of 418,000 yuan (US$67,150), more than the starting price of a Mercedes Benz, which is 340,000 yuan, according to Yulon Group president Chen Kuo-jung (陳國榮).
NT dollar gains ground
The New Taiwan dollar rose against the US dollar yesterday, up NT$0.017 to close at NT$29.110.
Turnover totaled about US$595 million during the trading session.