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TOF News April 11 2010

By Tyler Price,2014-06-15 00:38
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Macro:

    President Ma gives the order to make feasibility analysis on cutting operational income tax to 17%, one flat rate to every co. DPP said that the lowest tax rate it could take is 17.5%.

    China government announced that March trade deficit no, the first time in 70 months. The largest top 3 deficit countries are from Taiwan, Japan and Korea. The announcement will help lessening the pressure for RMBs appreciation.

Gold reach this year high US$1160 last weekend.

    National Security Fund announced their decent profit so far this year. And it net sold 2/3 of holdings up to now this year.

    After direct flight between Tokyo airport and Hongqiao airport this year, Sung Shan Airport will turn into international airport this year.

Electronics:

    DDR2 is quoted up 6% and DDR3 creates historical new high in pricing. In order to guarantee low price DRAM module, Asustek is going to jv with SIS to set up a company called Asint to buy DRAM chip from Elpida directly.

    Thanks for Ipads hot sale to reach 450,000 units in one week after debut, Hon Hai family is expected to continue enjoying decent growth in the coming quarters. In March, Hon Hai grew 53% YoY and 49% MoM. QDIIs net bought for nine days.

Financial Holdings:

    In 1Q, Fubon is ranked the most profitable financial holding company in Taiwan by making NT$0.72 in 1Q. China Trust, Taishin, Sinopac made NT$0.38, NT$0.36, NT$0.14 profit, Cathay made NT$0.14 losses at the same time.

Property dealer

    Top Vision Display (6219), an listed company to produce panel, is going to open property dealer aggressively to over 180 stores in 3 years toward competing with Sinyi.

Construction:

    After Informational Science Park BOT bid near King Shan N.Rd in mid May, Taipei city government is going to release 3 more BOT projects, including World Trade Center 2, Sinyi area A25 and one commercial building on Tung Hwa S. Rd. The first big/hot BOT bid in King Shan N.Rd attracts five groups to bid. And Hon Hai, one of bidders, said that there are no budget limit for the case.

Rubber:

    Thanks for natural rubber price up because of drought in Southeast Asia, Synthetic Rubber operators are going to raise price by 6%.

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