Outlook On Taiwan's Securities Firms Is Stable But Structural Weaknesses Remain, Says S&P Report Mar 11

Standard & Poors, March 2011

Abstract
TAIPEI (Standard & Poor's) March 28, 2011--The outlook on Taiwan's securities sector is stable amid the ongoing recovery of the local economy and gradual business diversification. That's according to an article titled "Taiwan's Securities Firms Maintain Stable Credit Profiles Despite Structural Weaknesses" that Standard & Poor's Ratings Services published today. "We expect key industry players to maintain moderately low risk appetites and adequate capitalization over the next 12 months while the economy continues to recover," said credit analyst Yuhan Lan. "But earnings quality is unlikely to improve significantly over the same period due to the obstacles that companies face to overcome the sector's innate structural weaknesses. We therefore maintain our stable outlook on the sector." Taiwan's securities houses find it...

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Research type: News
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- Chiao Tung Bank
- Bank of Taiwan
- Chinatrust Commercial Bank
- First Commercial Bank Ltd.
- Mega International Commercial Bank Co. Ltd.
- Cathay United Bank Co. Ltd.
- Taiwan Cooperative Bank Ltd.
- Hua Nan Commercial Bank Ltd.
- China Development Industrial Bank
- Farmers Bank of China
- Capital Securities Co. Ltd.
- Grand Cathay Securities Corp.
- Jih Sun Securities Co. Ltd.
- Masterlink Securities Corp.
- SinoPac Securities Corp.
- Central Trust of China
- Taipei Fubon Commercial Bank Co. Ltd.
- Taishin International Bank Co. Ltd.
- The Shanghai Commercial & Savings Bank Ltd.
- Mega Bills Finance Corp.
- E. Sun Bills Finance Corp.
- E.SUN Commercial Bank Ltd.
- Asia Trust & Investment Corp.
- Bank of Kaohsiung
- KGI Securities Co. Ltd.
- China United Trust & Investment Corp.
- Cosmos Bank
- International Bank of Taipei
- Polaris Securities Co. Ltd.
- President Securities Corp.
- Chinese Bank (The)
- Union Bank of Taiwan
- Fubon Financial Holding Co. Ltd.
- Industrial Bank of Taiwan
- Sunny Bank
- Ta Chong Bank Ltd.
- Fubon Bills Finance Corp.
- Barits Securities Co. Ltd.
- Mega Securities Co. Ltd.
- China Development Financial Holding Corp.
- Hwatai Bank
- Bank of Panhsin
- Cota Commercial Bank
- King's Town Bank
- Yuanta Securities Co. Ltd.
- Global Securities Finance Corp.
- Fubon Securities Finance Co. Ltd.
- Chinatrust Financial Holding Co.
- Ta Chong Securities Co. Ltd.
- Jih Sun International Bank
- First Financial Holding Co. Ltd.
- Cathay Securities Corp.
- Jih Sun Financial Holding Co. Ltd.
- EnTie Securities Finance Co. Ltd.
- Shinshin Credit Corp.
- Yuanta Financial Holdings Co. Ltd.
- Morgan Stanley Taiwan Ltd.
- Union Bills Finance Co. Ltd.
- Taishin Financial Holding Co. Ltd.
- Dah Chang Securities Co. Ltd.
- Yuanta Core Pacific Securities Co. Ltd.
- Fubon Securities Co. Ltd.
- Yuanta Commercial Bank
- Yuanta Securities Finance Co. Ltd.
- Chinfon Commercial Bank
- Land Bank of Taiwan
- Oriental Securities Corp.
- Hua Nan Securities Co. Ltd.
- Pacific Securities Co. Ltd.
- Taitung Business Bank
- Bank SinoPac
- EnTie Commercial Bank
- Standard Chartered Bank (Taiwan) Ltd.
- Taiwan International Securities Co. Ltd.
- Taiwan Shin Kong Commercial Bank Co. Ltd.
- Taiwan Business Bank
- Enterprise Bank of Hualien
- SinoPac Holdings
- Taichung Commercial Bank
- Hua Nan Financial Holding Co. Ltd.
- Mega Financial Holding Co. Ltd.
- Citibank Securities (Taiwan) Ltd.
- First Securities Inc.
- Yuan Ding Investment Corp.
- Bowa Commercial Bank Ltd.
- Agricultural Bank of Taiwan
- Hotai Finance Corp.
- Hotai Leasing Corp.
- Chailease Finance Co. Ltd.
- Citigroup Global Markets Taiwan Securities

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