YeaShin International Development Co (亞昕國際開發) yesterday said that it expects its earnings to improve in the next three years with NT$54 billion (US$1.94 billion) worth of projects on hand and sales rates of 70 percent.
The Taipei-based developer reported NT$230.59 million in net income in the first three quarters of the year, or earnings per share of NT$0.67, company data showed.
The results came after it reported net profit of NT$285.84 million in the first quarter, but incurred losses of NT$41.22 million and NT$14.03 million in the second and third quarter respectively as a level 3 COVID-19 alert dampened business.
However, buying interest and sales rates have picked up after locally transmitted infections diminished, it said.
YeaShin has NT$54 billion worth of projects that could generate stable income upon their completion in the next three years, it said, adding that the projects are in Taipei, New Taipei City, Taoyuan, Miaoli County and Taichung.
A project comprising 555 apartment units in Taoyuan has reached a sales rate of 70 percent following its launch early this month, the company said.
In addition, YeaShin has NT$28.53 billion in land and house inventory, enough for development for three years, it said.
Shares of YeaShin closed down 0.23 percent at NT$22.05 yesterday, better than the sector’s 0.51 percent decline, Taiwan Stock Exchange data showed.
The domestic unit of the Chinese-owned, Dutch-headquartered chipmaker Nexperia BV will soon be able to produce semiconductors locally within China, according to two company sources. Nexperia is at the center of a global tug-of-war over critical semiconductor technology, with a Dutch court in February ordering a probe into alleged mismanagement at the company. The geopolitical tussle has disrupted supply chains, with some carmakers reportedly forced to cut production due to chip shortages. Local production would allow Nexperia’s domestic arm, Nexperia Semiconductors (China) Ltd (安世半導體中國), to bypass restrictions in place since October on the supply of silicon wafers — etched with tiny components to
Singapore-based ride-hailing and delivery giant Grab Holdings Ltd has applied for regulatory approval to acquire the Taiwan operations of Germany-based Delivery Hero SE's Foodpanda in a deal valued at about US$600 million. Grab submitted the filing to the Fair Trade Commission on Friday last week, with the transaction subject to regulatory review and approval, the company said in a statement yesterday. Its independent governance structure would help foster a healthy and competitive market in Taiwan if the deal is approved, Grab said. Grab, which is listed on the NASDAQ, said in the filing that US-based Uber Technologies Inc holds about 13 percent of
Taiwan is open to joining a global liquefied natural gas (LNG) program if one is created, but on the condition that countries provide delivery even in a scenario where there is a conflict with China, an energy department official said yesterday. While Taiwan’s priority is to have enough LNG at home, the nation is open to exploring potential strategic reserves in other countries such as Japan or South Korea, Energy Administration Deputy Director-General Chen Chung-hsien (陳崇憲) said. While the LNG market does not have a global reserve for emergencies like that of oil, the concept has been raised a few times —
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday received government approval to deploy its advanced 3-nanometer (3nm) process at its second fab currently under construction in Japan, the Ministry of Economic Affairs said in a news release. The ministry green-lit the plan for the facility in Kumamoto, which is scheduled to start installing equipment and come online in 2028 with a monthly production capacity of 15,000 12-inch wafers, the ministry said. The Department of Investment Review in June 2024 authorized a US$5.26 billion investment for the facility, slated to manufacture 6- to 12nm chips, significantly less advanced than 3nm process. At a meeting with
RSS