Taiwan shares soar to breach 14,300 points, recovering from early loss
12/21/2020 05:40 PM
CNA file photo
Taipei, Dec. 21 (CNA) Shares in Taiwan move higher by more than 100 points to close above the 14,300 point mark Monday after bargain hunting helped the main board recover from its earlier losses, dealers said.
Buying focused on large cap tech stocks, in particular in the semiconductor industry, on the back of solid global demand, while select old economy stocks including petrochemical firms also rode the buying wave to push the broader market even higher, they said.
The weighted index on the Taiwan Stock Exchange (TWSE), or the Taiex, ended up 135.00 points, or 0.95 percent at the day s high of 14,384.96, off a low of 14,166.89, on turnover of NT$250.02 billion (US$8.90 billion).
Donaco picks up steam as 2020 draws to a close
Donaco picks up steam as 2020 draws to a close
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Getting a new CEO may have done Donaco International some good. Lee Bug Huy was given the position this past September and the casino operator has now moved into better times in the fourth quarter of the year. According to a filing with the Australian Securities Exchange (ASE) from today, Donaco has hit positive EBITDA (earnings before interest, taxes, depreciation and amortization) for October and November and expects the trend to continue through the end of the year.
Donaco’s casino efforts are primarily centered on the Asian market and it runs the Star Vegas Resort and Club in Cambodia and the Aristo International in Vietnam. The COVID-19 pandemic forced the Star Vegas to close this past April, only finally reopening at the beginning of September and, since beginning to welcome back gamblers is “no longer making a loss.” The company added in its filing that the shift to a