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

  • ID: 1820176
  • March 2011
  • Region: Taiwan
  • Standard & Poors
1 of 3


  • Bank of Kaohsiung
  • Central Trust of China
  • EnTie Commercial Bank
  • Hotai Leasing Corp.
  • Land Bank of Taiwan
  • SinoPac Securities Corp.
  • MORE

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...

Action: General Comment

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.

Note: Product cover images may vary from those shown
2 of 3

- Chiao Tung Bank
- Bank of Taiwan
- CTBC Bank Co. Ltd.
- 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.
- Yuanta Core Pacific Securities Co. Ltd.
- Mega Bills Finance Corp.
- E. Sun Bills Finance Corp.
- E.SUN Commercial Bank Ltd.
- Fubon Securities Co. Ltd.
- Yuanta Commercial Bank
- Asia Trust & Investment Corp.
- Bank of Kaohsiung
- KGI Securities Co. Ltd.
- China United Trust & Investment Corp.
- Chinfon Commercial Bank
- KGI Bank
- International Bank of Taipei
- Polaris Securities Co. Ltd.
- President Securities Corp.
- Chinese Bank (The)
- Union Bank of Taiwan
- Land Bank of Taiwan
- Oriental Securities Corp.
- Hua Nan Securities Co. Ltd.
- Pacific Securities Co. Ltd.
- Taitung Business Bank
- Bank SinoPac
- Fubon Financial Holding Co. Ltd.
- EnTie Commercial Bank
- Standard Chartered Bank (Taiwan) Ltd.
- Industrial Bank of Taiwan
- Taiwan Shin Kong Commercial Bank Co. Ltd.
- Sunny Bank
- Ta Chong Bank Ltd.
- Taiwan Business Bank
- Fubon Bills Finance Corp.
- Taiwan International Securities Co. Ltd.
- 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
- Enterprise Bank of Hualien
- Yuanta Securities Co. Ltd.
- Yuanta Securities Finance Co. Ltd.
- Global Securities Finance Corp.
- Fubon Securities Finance Co. Ltd.
- CTBC Financial Holding Co. Ltd.
- SinoPac Holdings
- Ta Chong Securities Co. Ltd.
- Taichung Commercial Bank
- Jih Sun International Bank
- Hua Nan Financial Holding Co. Ltd.
- Mega Financial Holding Co. Ltd.
- Citibank Securities (Taiwan) Ltd.
- First Financial Holding Co. Ltd.
- First Securities Inc.
- Cathay Securities Corp.
- Jih Sun Financial Holding Co. Ltd.
- EnTie Securities Finance Co. Ltd.
- Shinshin Credit Corp.
- Yuan Ding Investment Corp.
- Yuanta Financial Holdings Co. Ltd.
- Bowa Commercial Bank Ltd.
- Agricultural Bank of Taiwan
- Morgan Stanley Taiwan Ltd.
- Hotai Finance Corp.
- Hotai Leasing Corp.
- Chailease Finance Co. Ltd.
- Citigroup Global Markets Taiwan Securities Co. Ltd.
- Dah Chang Securities Co. Ltd.
- Union Bills Finance Co. Ltd.
- Taishin Financial Holding Co. Ltd.

Note: Product cover images may vary from those shown
3 of 3
Note: Product cover images may vary from those shown





Our Clients

  • Fluidigm Corporation
  • Apple, Inc.
  • CEVA Santé Animale
  • Abbott Laboratories Ltd.
  • Merck Group
  • Allergan Inc.
  • Pfizer Inc.