The China Post news staff
TAIPEI, Taiwan — HTC, a leading Taiwan smartphone maker, may report earnings per share of between NT$24.5 and NT$25.5 for 2012, in keeping with market expectations, said foreign investors yesterday. These comments come amid the popularity of a five-inch smartphone model that HTC unveiled at the end of 2012.
Sales of the new model may not be enough to give HTC’s fourth-quarter profit a major lift, said foreign investors, who maintained their earlier forecast that the smartphone maker’s 2012 earnings per share would be between NT$24.5 and NT$25.5. HTC will report on its fourth quarter and 2012 financials during its next investors’ conference, which has yet to be scheduled. The firm will attend an investor’s forum held by Nomura Securities in Las Vegas on Jan. 8 and 9. However, during the forum, HTC will only talk about its results for the third quarter of 2012, the firm said, adding that all information it discusses will be restricted to what it has already disclosed to the public with its previous investors’ conference in October. Foreign investors however are still interested in what HTC will have to say, especially what it might say about the sales of the new five-inch phone. Separately, Morgan Stanley yesterday raised its target price for HTC from NT$298 to NT$333 on optimism over the firm’s earnings and shipments. HTC yesterday closed at NT$303, up 0.83 percent, on the back of a 79.72-point rally on the TAIEX, which yesterday closed at 7,779.22.