Tue, Jul 19, 2022 page11

• Taiwan Business Quick Take

  • Staff writer, with CNA
  • • 
    • 
    • 

  EQUITIES

  Foreigners sell NT$17.04bn

  Foreign investors last week sold a net NT$17.04 billion (US$569.63 million) of local shares after selling a net NT$1.9 billion a week earlier, the Taiwan Stock Exchange said yesterday. As of Friday, foreign investors had sold NT$972.02 billion of local shares since the beginning of the year, the exchange said in a statement. The top three shares sold by foreign investors last week were CTBC Financial Holding Co (中信金控), China Steel Corp (中鋼) and E.Sun Financial Holding Co (玉山金控), while the top three shares foreign investors bought were EVA Airways Corp (長榮航空), Chunghwa Telecom Co (中華電信) and Evergreen Marine Corp (長榮海運), it said. As of Friday, the market capitalization of shares held by foreign investors was NT$18.48 trillion, or 40.77 percent of total market capitalization, it said.

  SEMICONDUCTORS

  Phoenix profit falls 15%

  Silicon wafer recycler Phoenix Silicon International Corp (昇陽半導體) yesterday reported that net profit last month fell 15 percent annually to NT$24 million. That represented earnings per share of NT$0.17. Revenue grew 19.6 percent year-on-year to NT$254 million last month, the company said in a regulatory filing. Net profit in the second quarter rose 126.3 percent to NT$93 million, with earnings per share of NT$0.66, the company said. Phoenix Silicon released the earnings and revenue data at the request of the Taiwan Stock Exchange due to an unusual spike in its stock price. Its shares have surged about 26 percent since the beginning of the year.

  STEELMAKERS

  CSC posts NT$4.3bn profit

  China Steel Corp (CSC, 中鋼), the nation’s biggest steelmaker, yesterday reported NT$4.297 billion in pre-tax profit for last month, down 3.2 percent from a month earlier and 48.3 percent from a year earlier, as raw material prices continued to rise despite increased shipments. Pre-tax earnings per share were NT$0.27 in the month, it said. In the second quarter, it made NT$14.4 billion in pre-tax profit, sliding 0.7 percent from the previous quarter and 34.9 percent from a year earlier, with pre-tax earnings per share of NT$0.91, it said. In the first six months, pre-tax profit decreased 18 percent year-on-year to NT$28.902 billion, or NT$1.83 per share, it added.

  REGULATORS

  FSC signs Israel MOU

  The Financial Supervisory Commission (FSC) has signed a memorandum of understanding (MOU) with the Israel Securities Authority on bilateral cooperation. The MOU is to provide a framework for cooperation and referrals in financial technology, innovation and investment, the commission said on Wednesday. A referral mechanism under the MOU is expected to help referred innovator businesses gain a better understanding of the regulatory regimes in the different jurisdictions, the commission said.

  CEMENT

  TCC showcases new cement

  Taiwan Cement Corp (TCC, 台灣水泥) last week unveiled its first commercially available ultra-high-performance concrete (UHPC) battery storage container, with the opening of a DC charging station at a 7-Eleven store in Tainan’s Anping District (安平). The store is to offer DC/DC power from Molicel-branded batteries housed within the container, TCC said. UHPC provides a high-quality alternative to traditional concrete or metal, while its compressive strength and fire resistance properties make it an excellent choice for battery storage, TCC said.
• Most Popular

  • 1

    Bologna advance to face AC Milan in Coppa final

  • 2

    Bukele proposes prisoner swap with Maduro

  • 3

    Wild’s top line too much for Vegas Golden Knights

  • 4

    HK, Macau residency rules tightened

  • 5

    Eric Chu, 2 others to be questioned for leading illegal assembly last week