TAIEX drops, NT dollar rises
The stock market closed down 20.93 points, or 0.27 percent, at 7,600.79 yesterday, after foreign institutional investors sold a net worth of NT$1.53 billion (US$50.82 million) in the local bourse.
On the foreign exchange market, the New Taiwan dollar rose against the US dollar, adding NT$0.002 to close at NT$30.106.
UMC sales decline
United Microelectronics Corp (UMC, 聯電), the world’s second-largest contract chipmaker, yesterday said its sales fell 22.85 percent from a year earlier, but rose 0.97 percent from the previous month to NT$8.26 billion last month.
In the first 10 months, UMC’s sales declined 10.12 percent to NT$89.71 billion from a year earlier, the company said.
Quanta’s sales up 19%
Quanta Computer Inc (廣達), the world’s largest notebook PC maker, yesterday said its consolidated sales reached NT$107.24 billion last month, up 19 percent year-on-year and 21 percent month-on-month.
In the first 10 months, overall sales totaled NT$892.66 billion, down 0.3 percent from a year earlier, Quanta said.
Wistron Corp (緯創), the nation’s third-largest contract notebook maker, reported its consolidated sales increased 18.63 percent to NT$62.77 billion last month, down 0.87 percent from the previous month. In the first 10 months of the year, revenue totaled NT$525.88 billion, up 3.66 percent year-on-year, it said.
AUO sales fall for fourth month
LCD-panel maker AU Optronics Corp (友達光電) yesterday said sales dropped 5.2 percent to NT$31.2 billion last month from the previous month, marking its the fourth consecutive monthly decline in sales.
Meanwhile, Chunghwa Picture Tubes Ltd (中華映管) said its revenues decreased 2.6 percent to NT$5.22 billion last month from September, while HannStar Display Corp (瀚宇彩晶) reported revenues inched up 0.6 percent month-on-month to NT$3.58 billion from NT$3.56 billion.
Cathay’s net income soars
Cathay Financial Holding Co (國泰金控) yesterday said its net income widened sharply to NT$1.41 billion last month from NT$160 million in September, on recovering profitability at its life insurance subsidiaries.
Cathay Life Insurance (國泰人壽) reported NT$530 million in net profit last month, reversing a net loss of NT$870 million in September, after equity markets at home and broad showed improvement, the statement said.
Cathay United Bank (國泰世華銀行) posted NT$800 million in net profit, lower than NT$1.08 billion one month earlier.
Cathay Financial’s net profit totaled NT$12.98 billion in the first 10 months, or NT$1.26 earnings per share.
Chinatrust’s net income up 50%
Chinatrust Financial Holding Co (中信金控), the nation’s third-largest financial services provider, yesterday posted NT$862 million in net income for last month, rising nearly 50 percent from September, on lower bad loan provision.
Cumulative net income reached NT$15.38 billion for the first 10 months, translating into NT$1.36 earnings per share, the firm said.
Sprint Nextel, HTC bosses meet
Sprint Nextel Corp, the third-largest US mobile network operator, said it would enhance its partnership with HTC Corp (宏達電), the world’s No. 4 smartphone brand, next year, the Chinese-language Economic Daily News reported yesterday.
Sprint CEO Dan Hesse made his first visit to Taiwan, meeting HTC chief executive Peter Chou (周永明) on Monday to discuss further collaboration next year.
HTC is currently the biggest smartphone supplier to Sprint.
Staff writer, with agencies
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