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Shipping, steel shares boost TAIEX - Taipei Times

Shipping, steel shares boost TAIEX - Taipei Times
taipeitimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from taipeitimes.com Daily Mail and Mail on Sunday newspapers.

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Taiwan shares close lower ahead of US Fed meeting

Taiwan shares close lower ahead of US Fed meeting
taipeitimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from taipeitimes.com Daily Mail and Mail on Sunday newspapers.

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Yageo shares rally after it reports big net profit increase

Yageo shares rally after it reports big net profit increase
Staff writer, with CNA
Shares of Yageo Corp (國巨), the largest multi-layer ceramic capacitor maker in Taiwan, rose 1.24 percent yesterday after it reported that net profit last year increased more than 80 percent.
Yageo shares closed at NT$572, off a high of NT$583, outperforming the TAIEX, which closed up 0.47 percent at 16,255.18 after giving up some of its earlier gains.
“Its 2020 earnings sparked interest in the stock,” Hua Nan Securities Co (華南永昌證券) analyst Kevin Su (蘇俊宏) said.
“Yageo and other passive electronic component makers are expected to raise product prices in the second quarter, and the company could do even better this year,” Su said. ....

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Hua Nan Financial cautiously upbeat

Hua Nan Financial cautiously upbeat
UNCERTAINTY:
The financial holding firm is targeting 5% earnings growth this year as the global economy recovers, but added that the pandemic remains a risk
By Crystal Hsu / Staff reporter
State-run Hua Nan Financial Holding Co (華南金控) aims to grow its earnings this year at a pace in line with the nation’s GDP growth, although the COVID-19 pandemic and low interest rates would continue to weigh on its performance, senior officials told a virtual investors’ conference yesterday.
That suggests an improvement of about 5 percent after missing its pre-tax profit target last year by 4 percent mainly due to losses at its securities arm, Hua Nan Securities Co (華南永昌證券) senior vice president and general manager Jully Chu (朱婉麗) said. ....

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FSC sanctions 10 securities firms over information security

The Financial Supervisory Commission (FSC) yesterday sanctioned 10 securities companies over failure to exercise proper information security controls regarding their high-speed trading services.
Cathay Securities Co (國泰證券), Concord Securities Co (康和證券) and SinoPac Securities Co (永豐金證券) received the severest fine of NT$1.44 million (US$50,945) each, as they had serious security breaches, Securities and Futures Bureau Deputy Director-General Kuo Chia-chun (郭佳君) told a news conference in New Taipei City.
The fines came after the commission conducted a special inspection of the Taiwan Stock Exchange’s information center in New Taipei City’s Banciao District (板橋) in November last year.
Securities firms place their servers in the ....

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