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Taiwan Business Quick Take – Taipei Times

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ACTIONS

Net foreign buyers

Foreign investors bought net NT $ 32.51 billion (US $ 1.17 billion) of local stocks last week after selling NT $ 41.57 billion net the week before, the stock exchange reported yesterday. from Taiwan in a statement. The top three stocks bought by foreign investors last week were United Microelectronics Co (聯 電), HannStar Display Corp (瀚宇 彩晶) and CTBC Financial Holding Co (中信 金控), while the top three sold were Innolux Corp (群 創), AU Optronics Corp (友達光電) and Acer Inc (宏 碁), the exchange said. As of Friday, the market capitalization of stocks held by foreign investors stood at NT $ 23.3 trillion, or 43.52 percent of the total market capitalization, he said.

AUTOMOTIVE

Pan-German profit soars

Pan German Universal Motors Ltd (汎 德 永 業 汽車), which distributes BMW, Porsche and Mini vehicles in Taiwan, yesterday announced the highest turnover and profit for the first half of the year in six years through stable sales, as well as strong demand for its vehicle repair and maintenance services. The company reported first half consolidated revenue of NT $ 22.32 billion, up 22% year-on-year, while operating profit increased 54.8% to 780 million NT dollars and net income rose 42.5% to NT $ 618 million, or NT $ 7.65 per share, he said in a statement. The company said it was positive for the second half of the year after the government lowered the COVID-19 alert level to 2 on Tuesday last week.

RETAILERS

Scan-D profit up 63.37%

Scan-D Corp (詩 肯), a retailer of furniture, bedding and kitchen appliances, yesterday posted net profit of NT $ 34.85 million for the second quarter of this year, up 63. 37% year-on-year, with sales up 23.71%. to NT $ 488 million. Earnings per share were NT $ 0.74, higher than NT $ 0.47 the previous year. The company, which designs and sells teak furniture under the Scanteak brand, said traffic and customer orders have continued to improve since the end of June, while contribution from Nova Furnishing Holdings Pte Ltd (諾雅 家و ), its Singapore-based retail unit, also provided support.

RETAILERS

FamilyMart’s revenues fall

Taiwan FamilyMart Co (全家 便利 一的) on Sunday posted net profit of NT $ 353.38 million for the second quarter of the year, down 41.68% from the previous year, or profit per share of NT $ 1.58, against NT $ 2.71. Consolidated revenue fell 2.89% year-on-year to NT $ 20.5 billion. The decrease came as an outbreak of national COVID-19 infections in May resulted in a significant drop in consumer traffic and some stores had to close, the company said.

SOFTWARE

Appier’s earnings improve

Artificial intelligence developer Appier Group Inc (沛 星 互動 科技) announced Thursday last week that its earnings before interest, taxes, depreciation and amortization improved to minus -1 percent in the second quarter of this year, compared to minus-24 percent per year. earlier. The Tokyo-listed company said its revenue increased 50% year-on-year to 2.8 billion yen ($ 25.4 million), while its gross margin increased 77% to 1.4 billion yen. The company, which has not made an operating profit since 2013, attributed the increase in sales and gross margin to its efforts to help customers take advantage of the opportunities of the new digital economy. Appier also revised its revenue forecast for the full year to 11.7 billion yen from 10.9 billion yen.

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