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.
Quanta Computer Inc (廣達) chairman Barry Lam (林百里) is expected to share his views about the artificial intelligence (AI) industry’s prospects during his speech at the company’s 37th anniversary ceremony, as AI servers have become a new growth engine for the equipment manufacturing service provider. Lam’s speech is much anticipated, as Quanta has risen as one of the world’s major AI server suppliers. The company reported a 30 percent year-on-year growth in consolidated revenue to NT$1.41 trillion (US$43.35 billion) last year, thanks to fast-growing demand for servers, especially those with AI capabilities. The company told investors in November last year that
Intel Corp has named Tasha Chuang (莊蓓瑜) to lead Intel Taiwan in a bid to reinforce relations between the company and its Taiwanese partners. The appointment of Chuang as general manager for Intel Taiwan takes effect on Thursday, the firm said in a statement yesterday. Chuang is to lead her team in Taiwan to pursue product development and sales growth in an effort to reinforce the company’s ties with its partners and clients, Intel said. Chuang was previously in charge of managing Intel’s ties with leading Taiwanese PC brand Asustek Computer Inc (華碩), which included helping Asustek strengthen its global businesses, the company
United Microelectronics Corp (UMC, 聯電) forecast that its wafer shipments this quarter would grow up to 7 percent sequentially and the factory utilization rate would rise to 75 percent, indicating that customers did not alter their ordering behavior due to the US President Donald Trump’s capricious US tariff policies. However, the uncertainty about US tariffs has weighed on the chipmaker’s business visibility for the second half of this year, UMC chief financial officer Liu Chi-tung (劉啟東) said at an online earnings conference yesterday. “Although the escalating trade tensions and global tariff policies have increased uncertainty in the semiconductor industry, we have not
Power supply and electronic components maker Delta Electronics Inc (台達電) yesterday said it plans to ship its new 1 megawatt charging systems for electric trucks and buses in the first half of next year at the earliest. The new charging piles, which deliver up to 1 megawatt of charging power, are designed for heavy-duty electric vehicles, and support a maximum current of 1,500 amperes and output of 1,250 volts, Delta said in a news release. “If everything goes smoothly, we could begin shipping those new charging systems as early as in the first half of next year,” a company official said. The new
RSS