CHEMICAL ENGINEERS
Trusval posts Q1 loss
Trusval Technology Co (信紘科), which specializes in the design and manufacture of chemical engineering systems for high-tech companies, yesterday posted a net loss of NT$5.78 million (US$192,795) for the first quarter, compared with net profit of NT$644,000 a year earlier, as its large-scale projects entered their final stages, and the company recognized the related costs and expenses. With gross margin falling from 13.92 percent a year earlier to 7.72 percent in the first quarter, the company posted a net loss per share of NT$0.16, down from earnings per share of NT$0.02 in the same period last year. The company posted revenue of NT$343.65 million, up 74.35 percent year-on-year. The company maintained a positive outlook for this quarter as semiconductor foundries continue to implement more advanced technologies, which would benefit it.
METAL CASINGS
Catcher plans NT$10 payout
Catcher Technology Co (可成), the nation’s leading supplier of light metal casings and enclosures for mobile devices, yesterday said that its board of directors has approved distributing a cash dividend of NT$10 per share. That represents a payout ratio of 68.35 percent based on the firm’s earnings per share of NT$14.63 last year. The board also agreed on a plan for a rights issue of less than 50 million new shares to strengthen its working capital and support its future business needs. Catcher said that 10 to 15 percent of the new shares would be reserved for the company’s employees. The company is to hold an annual general meeting on June 30 in Tainan to gain shareholders’ approval for the plans, Catcher said in a regulatory filing.
SECURITIES FIRMS
Net income rebounds
The net income of the nation’s securities firms rose 184.03 percent month-on-month to NT$6.68 billion last month, as the TAIEX reversed the downward trend seen the previous month, the Taiwan Stock Exchange said in a statement yesterday. Accumulated net income of securities firms in the first four months of the year was NT$2.08 billion, down 83.34 percent from the same period last year, the exchange said. Separately, the exchange said that 852 domestic listed companies and 76 primary listed companies — excluding financial holding companies — had filed their first-quarter financial statements by Friday last week, which showed that combined revenue declined 7.63 percent year-on-year to NT$6.33 trillion and combined pretax profit decreased 19.83 percent to NT$327 billion.
FUTURES EXCHANGES
TAIFEX, BMD ink deal
The Taiwan Futures Exchange (TAIFEX) and the Bursa Malaysia Derivatives Berhad (BMD) yesterday signed a memorandum of understanding with the intent to pursue a mutually beneficial business partnership. “Through the exchange of successful experiences, and the sharing of information and resources, I believe our cooperation can create synergy and pave the way for further development of both markets,” TAIFEX president Huang Bing-jing (黃炳鈞) said in a statement. BMD chairman Datuk Muhamad Umar Swift said that the signing of the agreement was a positive step that would contribute to the development of Asian derivatives markets. “It comes in accordance with our internationalization strategy that will facilitate cooperation in terms of products and market development, and create more opportunities for both exchanges,” he said in the statement.
Apple Inc increased iPhone production in India by about 53 percent last year and now makes a quarter of its marquee devices there, reflecting the US company’s efforts to avoid tariffs on China. The company assembled about 55 million iPhones in India last year, up from 36 million a year earlier, people familiar with the matter said, asking not to be named because the numbers aren’t public. Apple makes about 220 million to 230 million iPhones a year globally, with India’s share of the total increasing rapidly. Apple has accelerated its expansion in the world’s most populous country in recent years, bolstered
DAMAGE REPORT: Global central banks are assessing war-driven inflation risks as the law of unintended consequences careens around the world, spiking oil prices Central banks from Washington to London and from Jakarta to Taipei are about to make their first assessments of economic damage after more than two weeks of conflict between the US and Iran. Decisions this week encompassing every member of the G7 and eight of the world’s 10 most-traded currency jurisdictions are likely to confirm to investors that the specter of a new inflation shock is already worrying enough to prompt heightened caution. The US Federal Reserve is widely expected to do exactly what everyone anticipated weeks ahead of its March 17-18 policy gathering: hold rates steady. The narrative surrounding that
Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) share of the global foundry market rose to almost 70 percent last year amid booming demand for artificial intelligence (AI), market information advisory firm TrendForce Corp (集邦科技) said on Thursday. The contract chipmaker posted US$122.54 billion in revenue, up 36.1 percent from a year earlier, accounting for 69.9 percent of the global market, TrendForce said. Its share was up from 64.4 percent in 2024, it said. TSMC’s closest rival, Samsung Electronics, was a distant second, posting US$12.63 billion in sales, down 3.9 percent from a year earlier, for a 7.2 percent share of the global market. In the
HEADWINDS: The company said it expects its computer business, as well as consumer electronics and communications segments to see revenue declines due to seasonality Pegatron Corp (和碩) yesterday said it aims to grow its artificial intelligence (AI) server revenue more than 10-fold this year from last year, driven by orders from neocloud solutions clients and large cloud service providers. The electronics manufacturing service provider said AI server revenue growth would be driven primarily by the Nvidia Corp GB300 server platform. Server shipments are expected to increase each quarter this year, with the second half likely to outperform the first half, it said. The AI server market is expected to broaden this year as more inference applications emerge, which would drive demand for system-on-chip, application-specific integrated circuits
RSS