TAIWAN DAYBOOK: Asustek to Introduce Ultrabook Laptops in Taipei
Asustek Computer Inc. (2357), Taiwan’s second-largest PC maker, will introduce its series of Ultrabook laptops in Taipei today. Navin Shenoy, Intel Corp. (INTC)’s general manager for Asia Pacific, will be at the 2 p.m. briefing.
WHAT TO WATCH: * Taiwan’s dollar appreciated 0.5 percent to close at NT$30.348 against its U.S. counterpart * Yield on government 2 percent bonds due July 2016 rises to 1.05 percent; highest for benchmark 5-year debt since Aug. 17 * The benchmark Taiex advanced 2.6 percent to 7,398.71, a third day of gain * Overseas investors were net buyers of Taiwan’s stocks; net purchases were NT$7.9 billion (260 million) EQUITY MOVERS: * Chunghwa Telcom (2412 TT) third-quarter net income drops 0.2 percent to NT$11.9 billion * Compal Electronics (2324 TT) September sales fall 32 percent from a year earlier to NT$54 billion * Hon Hai Precision Industry (2317 TT) paid $44.9 million to buy Scientific-Atlanta’s Mexico facilities through its holding companies, the Taipei-based electronics manufacturer said in an exchange filing. * Largan Precision (3008 TT) was rated “buy” in new coverage at RBS. * Neo Solar (3576 TT) will invest in BlueChip Energy’s 120 megawatt Sorrento solar farm project in Lake County, Florida * Tatung (2371 TT) Chairman Lin Wei-shan indicted on charges of embezzlement, may face 20-year jail term, prosecutors say * TSMC (2330 TT) buys NT$523 million of gear from Tokyo Electron (8035 JP) * United Microelectronics (2303 TT) sells property in Taipei City for NT$585.8 million, realizing a profit of NT$192 million GOVERNMENT: * National Communications Commission briefing, 9 a.m. * Taiwan’s Sept. approved foreign exchange business, 4.20 p.m. EVENTS: * Asustek Computer (2357 TT) to introduce Ultrabook laptops * The 37th Taipei International Electronics Show, Oct. 10-13 * Broadband Taiwan 2011, Oct. 10-13 * Taiwan Private Equity and Venture Capital Association Chairman Kenneth Lin speaks at a briefing BTV HIGHLIGHTS (All Hong Kong time): 8:40 Francis Lun, Lyncean Holdings, MD 9:40 Steven Sun, HSBC, head of China equities 10:40 May Yan, Barclays Capital, head of China banks research 11:10 Satyajit Das, risk consultant 11:30 Mark Hoplamazian, Hyatt Hotels, president & CEO
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