Tue, Jan 18, 2022 page11

• Taiwan Business Quick Take

  • Staff writer
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  INVESTMENT

  Foreigners net buyers

  Foreign investors last week bought a net NT$42.43 billion (US$1.54 billion) of local shares after buying a net NT$29.96 billion a week earlier, the Taiwan Stock Exchange said in a statement yesterday. As of Friday, foreign investors had bought NT$72.39 billion of local shares since the beginning of this year, it said. Last week, the top three shares that foreign investors bought were Shin Kong Financial Holding Co (新光金控), Taiwan Semiconductor Manufacturing Co (台積電) and Taishin Financial Holding Co (台新金控), while the top three sold were Hon Hai Precision Industry Co (鴻海精密), China Airlines Ltd (中華航空) and SinoPac Financial Holdings Co (永豐金控), the exchange said. As of Friday, the market cap of shares held by foreign investors was NT$25.22 trillion, or 44.27 percent of total market capitalization, it said.

  ELECTRONICS

  Ichia profit rises 6 percent

  Flexible printed circuit board and handset keypad maker Ichia Technologies Inc (毅嘉科技) yesterday reported pretax profit of NT$67.25 million for last quarter, up 6 percent from a year earlier, while revenue rose 4.3 percent year-on-year to NT$1.61 billion. The company said orders remained strong in the October-to-December quarter on the back of robust demand from clients in the automotive electronics and consumer electronics businesses. However, shipments were curtailed by a shortage of raw materials in the supply chain, causing gross margin to fall to 12 percent from 14 percent a year earlier. For the whole of last year, pretax profit rose 41 percent year-on-year to NT$267 million

  APPAREL

  Makalot income surges 25%

  Makalot Industrial Co Ltd (聚陽) yesterday reported that pretax income last year rose 25.1 percent annually to NT$3.4 billion, as it continued to improve its product mix and raise its gross margin, despite the COVID-19 pandemic affecting operations in regional supply chains. Earnings per share were NT$14.33 last year, the highest in the company’s history. The manufacturer of ready-to-wear apparel said that its revenue for last year expanded 16.1 percent to NT$28.93 billion.

  E-COMMERCE

  EHS earnings hit record

  Eastern Home Shopping & Leisure Co (EHS, 東森購物) yesterday reported record earnings per share of NT$17.7 for last year, up from the previous year’s NT$14.11, as revenue from online sales increased 47 percent from NT$7.2 billion to NT$10.6 billion, the company said. Last year, consolidated revenue increased 14.7 percent to NT$28.32 billion, it said. For this year, EHS said it aims to boost online sales to NT$24 billion and lift overall revenue to NT$45.6 billion on the back of contributions from TV shopping and telemarketing, it added.

  ELECTRONICS

  Qisda secures new loans

  Electronics maker Qisda Inc (佳世達) on Thursday said that it had secured two new sustainability-linked loans totaling about NT$1.83 billion from E.Sun Commercial Bank (玉山銀行) and DBS Bank Ltd’s (星展銀行) Taipei branch. The lenders would track Qisda’s sustainability performance over a two-year period and provide preferential interest rates, a company statement said. The electronics maker has accumulated NT$14 billion in sustainability-linked loans, along with NT$12 billion of such loans obtained from Bank of Taiwan (台灣銀行) and First Commercial Bank (第一銀行) last year.
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