TAIWAN: WEEK IN REVIEW, 08Jun2013

Exports slow as she goes; Philippines sanctions might be lifted; HTC on the down and out; Property carpet baggers; More toxic food; Want some of this levered European Bank?; Taipower an expert at losing money; Here’s what you missed this week.

TAIWAN: BEFORE THE OPEN, 06Jun2013

Boom times in Taiwanese property, factory transactions up, and foreign capital flocking; Taipower crushed by energy prices; Cathay Financial hits the bid; Hide and go seek at the FDA; Made in China, Taiwan exports; Foxconn changes Chinese name; Here’s what you need to know pre open.

Taipower crushed by higher fuel costs

The Chairman forecasts that Taipower will post a NT$54bn loss.

Taiwan lacks funds to protect fisherman

From Want China Times:

It is reported that the total fuel expenses for the drill and the increased number of coast guard vessels following tensions with the Philippines, cost over NT$5 million (US$167,000). The defense budget currently allocates NT$10 billion (US$334 million) annually on fuel and only NT$500 million (US$17 million) towards coast guards. Naval sources said that the budget is lacking and not enough to send regular patrols out to protect its fishermen.

TAIWAN: BEFORE THE OPEN, 22Mar2013

 

1. Pegatron div comes in at NT$1.499/share

2. DPP attempts to block Taipower’s 2013 budget

3. Rail tickets finally catching up with inflation

4. TWD repatriation add pressure to rising currency

5. Non China Jan-Feb FDI of US$853mm

6. Amazon Kindle shipments collapsing, to weigh on E Ink

Curse Of The Weak JPY: Japan Utility Prices To Spike 14-19%

“Japanese utilities, forced to idle their nuclear power plants over the past two years and facing higher fuel costs due to a weak yen, are now looking to push through double-digit rate hikes for their commercial customers.” Read more Dow Jones