Wed, Mar 23, 2022 page11

• Taiwan Business Quick Take

  • Staff writer, with CNA
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  EQUITIES

  TAIEX flat due to US markets

  Shares in Taiwan closed nearly flat yesterday, after moving into consolidation mode, as investor sentiment was dictated by a lackluster performance on Wall Street after a hawkish statement given by US Federal Reserve Chairman Jerome Powell, dealers said. Lingering concerns over Russia’s war with Ukraine also weighed on the main board, with the bellwether electronics sector — led by large-cap semiconductor stocks — taking the brunt of the pressure, they said. The TAIEX closed down 0.65 points at 17,559.71, after moving between 17,468.55 and 17,573.29. Turnover totaled NT$235.455 billion (US$8.25 billion), with foreign institutional investors selling a net NT$354 million of shares on the main board after buying a net NT$196 million on Monday, Taiwan Stock Exchange data showed.

  EQUITIES

  Foreigners sell NT$39.32bn

  Foreign investors last week sold a net NT$39.32 billion of local shares after selling NT$180.98 billion a week earlier, the Taiwan Stock Exchange said in a statement on Monday. As of Friday, foreign investors had sold NT$478.75 billion of local shares from the beginning of the year, it said. Last week, the top three shares foreign investors sold were China Development Financial Holding Corp (中華開發金控), Taiwan Semiconductor Manufacturing Co (台積電) and AU Optronics Corp (友達光電), while the top three shares they bought were China Steel Corp (中鋼), Tatung Co (大同) and Pegatron Corp (和碩), the exchange said. As of Friday, the market cap of shares held by foreign investors was NT$22.52 trillion, or 41.60 percent of total market cap, it said.

  ELECTRONICS

  Tong Hsing revenue to drop

  Tong Hsing Electronic Industries Inc (同欣電), an image sensor packaging services arm of Yageo Corp (國巨), yesterday said revenue this quarter would likely drop by a single-digit percentage from a quarter earlier due to seasonal factors. However, the firm remains positive about its business performance for the whole of this year, expecting revenue to hit another record compared with last year’s NT$13.88 billion, as customer demand remains strong, Tong Hsing president Heinz Ru (呂紹萍) told investors in a teleconference. Complementary metal-oxide semiconductor image sensor packaging services would grow at the fastest rate this year, while ceramic substrate, radio-frequency module and mixed IC module businesses would also see steady growth, he said. The firm’s new production facilities in Taoyuan’s Bade District (八德) are expected to begin installing equipment in August and start volume production in the fourth quarter, chief operating officer Chang Chia-shuai (張嘉帥) said. The firm has budgeted a capital expenditure of NT$1 billion for this year. Net profit rose 90.6 percent year-on-year to NT$2.77 billion last year, the highest in the firm’s history, with earnings per share rising from NT$7.88 to NT$15.49, company data showed.

  LOTTERY

  Winning invoices unclaimed

  Four NT$10 million-winning uniform invoices and nine NT$2 million winners issued in November and December last year remain unclaimed, the Ministry of Finance said yesterday. The winning serial number for the NT$10 million prize is 31150905 and the one for the NT$2 million prize is 28564531, the ministry said. It urged those with winning receipts who have yet to claim their prize to do so by the May 5 deadline. The ministry said the winning numbers for invoices issued in January and last month would be drawn on Friday.
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