TAIEX edges up 0.1 percent
The TAIEX was little changed yesterday in thin trading as many investors took to the sidelines, hedging their bets until heavyweight firms on Wall Street report their fourth quarter results, dealers said.
However, with the local market awash in liquidity, investors targeted small and mid-cap stocks, which helped the broader market edge above the previous closing level, they said. The weighted index closed up 7.51 points, or 0.10 percent, at 7,819.15, on turnover of NT$76.08 billion (US$2.62 billion).
Settlement rules ammended
The Ministry of Economic Affairs said yesterday that data processing service providers can now entrust banks to perform cross-border foreign exchange settlements for local firms trading overseas.
Department of Commerce Director-General Reed Yu (游瑞德) told a press conference that the ministry amended regulations in October last year after meetings with the central bank, the Financial Supervisory Commission and the Ministry of Justice, allowing data processing service providers to settle foreign exchanges for smaller online sellers.
According to a report by the Market Intelligence & Consulting Institute (產業情報研究所), Taiwan’s e-commerce market totaled NT$660 billion last year with an annual growth rate of 17 percent. The market is forecast to grow further to pass the NT$1 trillion mark by 2015, the report said. China is currently the largest market for Taiwanese online sellers, followed by Hong Kong and Macau, the report said.
Acer’s shipments fall 9.7%
Acer Inc (宏碁) shipped 33.49 million PC units worldwide last year, down by an annual 9.7 percent, making the company the fourth-largest PC vendor worldwide, market information advisory firm International Data Corp (IDC) said yesterday. IDC said in a report that Acer’s market share fell to 9.5 percent last year from 10.2 percent a year earlier.
Asustek Computer Inc (華碩) finished last year as the world’s fifth-largest PC vendor, with shipments increasing by an annual 17.0 percent to 24.13 million units. Asustek accounted for 6.8 percent of global shipments, up from 5.7 percent.
Coretronic shipments rise
Coretronic Corp (中強光電), which makes backlight modules for flat panels, reported on Thursday that its consolidated revenue grew 3 percent last month to NT$5.66 billion from November’s NT$5.5 billion.
In the fourth quarter of last year, revenue dropped slightly to NT$16.57 billion from NT$16.59 billion in the third quarter. Last year, the company accumulated NT$67.63 billion in revenue, down 12.25 percent from NT$77.06 billion in 2011. Corectronic shipped 68.53 million backlight units last year, up 9 percent from a year ago, while shipments of projectors decreased 18 percent year-on-year to 1.08 million units.
The firm expected backlight shipments to rise slightly this month, while shipments of projectors will fall more than 10 percent because of seasonal factors.
Inotera secures NT$10bn loan
Inotera Memories Inc (華亞科技) said on Thursday that it has obtained NT$10 billion in syndicated loans from 12 banks led by the Bank of Taiwan (台灣銀行). The loan will be due in three years.
Inotera, a DRAM joint venture between local memory chipmaker Nanya Technology Corp (南亞科技) and US memory chipmaker Micron Technology Inc, said the fund will help strengthen its operations in the medium term and will help it upgrade technologies.
Part of the loan will be used to repay other bank loans, it said.