Shares of motherboard maker Asrock Inc (華擎) rallied 8.4 percent during its debut on the main bourse, defying the benchmark TAIEX's 3.90 percent loss following the plunge in the US overnight on growing subprime mortgage concerns.
Asrock stock rose NT$21 to NT$271 from its listing price of NT$250 per share. The 7 percent daily limit does not apply to the trading of new shares in the first five sessions. Asrock shares were traded on the smaller Emerging Stock Market (
Asrock is a motherboard brand owned by the world's biggest motherboard maker Asustek Computer Inc (
But, the five-year-old company said last week that it planned to shift its focus to middle-range and high-end products to boost profits as growth in the low-end area slows amid rising competition from Hon Hai Precision Industry Co (
SinoPac Securities Corp (
"Asrock will gain a new driving force after tapping into middle-range and high-end products, which account for 60 percent of the total unit sales of the motherboard industry," SinoPac Securities said in the report published on Monday.
Asrock plans to produce 10 percent to 15 percent more motherboards next year from this year's goal of 7 million units, based on replacement demand for the Vista system and rising demand in the emerging markets, chairman Ted Hsu (
In the first nine months of the year, Asrock's earnings inched up by nearly 4 percent to NT$1.39 billion, compared to NT$1.34 billion a year ago.
On Tuesday it said it had raised NT$2.86 billion by issuing 11.44 million new common shares during the initial public offering. Asrock now has around 102 million shares in issue.
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SECTOR LEADER: TSMC can increase capacity by as much as 20 percent or more in the advanced node part of the foundry market by 2030, an analyst said Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is expected to lead its peers in the advanced 2-nanometer process technology, despite competition from Samsung Electronics Co and Intel Corp, TrendForce Corp analyst Joanne Chiao (喬安) said. TSMC’s sophisticated products and its large production scale are expected to allow the company to continue dominating the global 2-nanometer process market this year, Chiao said. The world’s largest contract chipmaker is scheduled to begin mass production of chips made on the 2-nanometer process in its Hsinchu fab in the second half of this year. It would also hold a ceremony on Monday next week to
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