GREEN ENERGY
Giga dividend approved
Giga Solar Materials Corp (碩禾電子), a photovoltaic (PV) conductive paste maker, yesterday said the board had approved a proposal to distribute a cash dividend of NT$6 per share, up from NT$5.55 per share last year. That bring this year’s payout ratio to 48.39 percent based on last year’s earnings of NT$12.24 per share. The dividend distribution proposal will need be approved by shareholders in an annual meeting on June 6. The board also gave the go-ahead to raise as much as NT$2 billion (US$66 million) in issuing corporate bonds. The company plans to use the proceeds to replenish operational capital.
AVIATION
TransAsia to sell planes
TransAsia Airways Corp (TNA, 復興航空) announced yesterday a plan to sell and lease back seven Airbus SAS’ planes to a Dutch company for a total of US$19 million in gains. The company yesterday signed an agreement with COF III Dutch Holdings on the US$72 million deal. “The airline has yet decided the actual way and timing to recognize the one-time gain, as the date of transaction has not been set,” TNA public relations vice president Alison Kao (高治華) said by telephone. In December last year, TransAsia said it was planning to sell and lease back five A321-100 and two A320-200 aircraft to lower its debt ratio. The company earned NT$133.01 million, or NT$0.24 per share, last year.
Hypermarket chain Carrefour Taiwan and upscale supermarket chain Mia C’bon on Saturday announced the suspension of their partnership with Jkopay Co (街口支付), one of Taiwan’s largest digital payment providers, amid a lawsuit involving its parent company. Carrefour and Mia C’bon said they would notify customers once Jkopay services are reinstated. The two retailers joined an array of other firms in suspending their partnerships with Jkopay. On Friday night, popular beverage chain TP Tea (茶湯會) also suspended its use of the platform, urging customers to opt for alternative payment methods. Another drinks brand, Guiji (龜記), on Friday said that it is up to individual
UNCERTAINTIES: Exports surged 34.1% and private investment grew 7.03% to outpace expectations in the first half, although US tariffs could stall momentum The Chung-Hua Institution for Economic Research (CIER, 中華經濟研究院) yesterday raised its GDP growth forecast to 3.05 percent this year on a robust first-half performance, but warned that US tariff threats and external uncertainty could stall momentum in the second half of the year. “The first half proved exceptionally strong, allowing room for optimism,” CIER president Lien Hsien-ming (連賢明) said. “But the growth momentum may slow moving forward due to US tariffs.” The tariff threat poses definite downside risks, although the scale of the impact remains unclear given the unpredictability of US President Donald Trump’s policies, Lien said. Despite the headwinds, Taiwan is likely
READY TO BUY: Shortly after Nvidia announced the approval, Chinese firms scrambled to order the H20 GPUs, which the company must send to the US government for approval Nvidia Corp chief executive officer Jensen Huang (黃仁勳) late on Monday said the technology giant has won approval from US President Donald Trump’s administration to sell its advanced H20 graphics processing units (GPUs) used to develop artificial intelligence (AI) to China. The news came in a company blog post late on Monday and Huang also spoke about the coup on China’s state-run China Global Television Network in remarks shown on X. “The US government has assured Nvidia that licenses will be granted, and Nvidia hopes to start deliveries soon,” the post said. “Today, I’m announcing that the US government has approved for us
The National Stabilization Fund (NSF, 國安基金) is to continue supporting local shares, as uncertainties in international politics and the economy could affect Taiwanese industries’ global deployment and corporate profits, as well as affect stock movement and investor confidence, the Ministry of Finance said in a statement yesterday. The NT$500 billion (US$17.1 billion) fund would remain active in the stock market as the US’ tariff measures have not yet been fully finalized, which would drive international capital flows and global supply chain restructuring, the ministry said after the a meeting of the fund’s steering committee. Along with ongoing geopolitical risks and an unfavorable
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