VHQ buys into TV dramas
Singapore-based VHQ Media Holdings Ltd (威馳克媒體) yesterday said it has purchased a 70 percent stake in Beijing Jupiter Cultural Media Inc (木星時代文化傳媒), a deal that is likely contribute to its revenue and earnings this quarter. VHQ, which trades on the Taipei Exchange, said it expects that the extension into TV dramas through the 173.6 million yuan (US$25.1 million) deal would help it leverage its strengths in movie production, TV commercial visual design, special effects, post-production and 3D animation. VHQ said it remains optimistic for this year, as orderbook visibility stretches until next year.
PDC shares up on earnings
Prosperity Dielectrics Co Ltd (PDC, 信昌電子陶瓷) shares yesterday rose 9.91 percent after it reported that net profit increased 322 percent annually in August. The Taoyuan-based company, which supplies chip capacitors, chip resistors, ceramic dielectric powder, semiconductor ceramics and silver paste, said that net profit reached NT$190 million (US$6.15 million) in August, with earnings per share (EPS) of NT$1.11, compared with NT$0.26 in the same month last year. Cumulative net profit totaled NT$372 million for July and August, up 389 percent year-on-year, with EPS of NT$2.16, PDC said in a filing with the Taiwan Stock Exchange.
Parade approves buyback
Parade Technologies Ltd (譜瑞), which specializes in designing and selling high-speed signal transmission interfaces and display chips, yesterday said its board of directors has approved a share buyback scheme and would transfer the repurchased shares to its employees. The company plans to repurchase 500,000 shares on the open market from yesterday to Dec. 11 at NT$282.5 to NT$677 per share, the company said in a filing with the Taiwan Stock Exchange. The repurchased shares would account for 0.63 percent of its total issuance, Parade said. The company’s shares yesterday closed up 8.92 percent at NT$403 in Taipei trading. They have declined 31.58 percent this year. The firm reported sales of NT$7.25 billion in first nine months, down 5.8 percent year-on-year.
Ichia Q3 earnings strong
Handset keypad maker Ichia Technologies Inc (毅嘉科技) on Thursday released unaudited operating results for last quarter showing pretax profit of NT$93 million, the highest for the period in four years. Shipments, product prices, yield rates and operating efficiency improved last quarter from the second quarter, the company said. From January through last month, cumulative pretax profit totaled NT$59 million, the company said in a statement. In the first nine months, consolidated revenue grew 1.68 percent annually to NT$5.34 billion, with gross margin of 6 percent and operating losses of NT$7 million, Ichia said.
Tatung OKs solar plant
Home appliance supplier Tatung Co (大同) on Thursday said its board of directors voted to invest in a 133 megawatt (MW) solar power plant in Tainan’s Cigu District (七股), in addition to a 120MW solar plant in the area that the board approved earlier. Overall, Tatung said it plans to install 253MW of solar capacity in Tainan, as it strives to enhance its market share in solar power plants and assure long-term revenue and profit stability, the company said in a statement. Tatung has been aggressively inviting large-scale financial investors to participate in the investment, it added.
DIVERSIFICATION: The chip designer expects new non-smartphone products to be available next year or in 2025 as it seeks new growth engines to broaden its portfolio MediaTek Inc (聯發科) yesterday said it expects non-mobile phone chips, such as automotive chips, to drive its growth beyond 2025, as it pursues diversification to create a more balanced portfolio. The Hsinchu-based chip designer said it has counted on smartphone chips, power management chips and chips for other applications to fuel its growth in the past few years, but it is developing new products to continue growing. “Our future growth drivers, of course, will be outside of smartphones,” MediaTek chairman Rick Tsai (蔡明介) told shareholders at the company’s annual general meeting in Hsinchu City. “As new products would be available next year
At a red-brick factory in the German port city of Hamburg, cocoa bean shells go in one end and out the other comes an amazing black powder with the potential to counter climate change. The substance, dubbed biochar, is produced by heating the cocoa husks in an oxygen-free room to 600°C. The process locks in greenhouse gases and the final product can be used as a fertilizer, or as an ingredient in the production of “green” concrete. While the biochar industry is still in its infancy, the technology offers a novel way to remove carbon from the Earth’s atmosphere, experts have said. Biochar could
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) shares yesterday rallied 2 percent on the local stock market after Nvidia Corp said the contract chipmaker would be the sole supplier of its latest graphics processing chip, defusing speculation that Intel Corp would get a share of the orders. TSMC’s share price climbed to NT$562, snapping a three-day losing streak. It outperformed the benchmark index’s 1.18 percent gain. Net purchases by foreign institutional investors yesterday totaled 8.37 million shares, reversing net sales of 2.9 million shares on Thursday. The rebound follows Nvidia’s announcement that its latest artificial intelligence graphics processing unit (GPU), codenamed H100, would
Taiwan is expected to be the third-largest market for Singapore-based DBS Group Holdings Ltd, after DBS Bank Taiwan (星展台灣) completes its acquisition of Citibank Taiwan Ltd’s (台灣花旗) consumer banking business in August, a bank executive said yesterday. Taiwan would rank after only Singapore and Hong Kong in terms of profit contribution to DBS, followed by China, India and Indonesia, DBS Taiwan general manager Ng Sier Han (黃思翰) told a media briefing in Taipei. DBS Bank Taiwan expects to retain all 2.77 million Citibank Taiwan cardholders and help them to transition to DBS Taiwan cards over the next 12 months, Ng said. The bank