Future Goal

Our goal is to become a leading securities brokerage firm in the Greater China area with shareholders' equity exceeding NT$35bn before 2003. We will provide comprehensive brokerage and investment banking services and expand our domestic business scope across several departments. We will continue to promote our business based on our management precepts of steady growth and practicality.


  1. Brokerage Division
    We estimate NSC will have a market share representing 4.045% of trading on the Taiwan Stock Exchange and 3.699% on the Over-the-Counter Exchange. This is based on our forecast of overall daily trading volume of NT$90 Billion and NT$5 Billion on the OTC market, over a total of 249 working days and 40 NSC branches in 2001.

  2. Underwriting Division
    We expect to lead manage 33 Taiwan companies having initial public offerings (IPO) or rights offerings in 2001.This would include 3 companies to list on the Taiwan Stock Exchange, 15 companies to list on the OTC Exchange, 3 companies to listing on the Tiger Board, and 12 rights issues.

  3. Stock Registration Division
    We plan to serve as the stock registration agent for 200 Taiwan companies (of which 28 companies are to list on the TSE, and 33 companies on the OTC, and 139 rights offerings) in 2001. Our Stock registration service would extend to approximately 1.7 million investor accounts.

  4. Stock Dealing Division
    This division targets NT$3.55 million in proprietary trading profits with 22.5% capital gains in 2001.

  5. Bond Division
    We forecast our corporate bond inventory will average NT$ 3 billion and that for government bonds will average NT$7.5 billion in 2001. We estimate capital gain from bond dealing to reach NT$ 78.28 million, interest gain will reach NT$ 82.5 million and underwriting commissions will reach NT$ 8 million in 2001.

  6. Equity Derivatives Division
    This division plans to issue four Taiwan corporate warrants in 2001, to generate NT$90.5 million.

  7. International business Division
    We forecast this division which deals with Qualified Foreign Institutional Investors will reach a 0.08% market share on the TSE and OTC markets, respectively. We target shares of NT$600mn trading on the U.S. stock markets and NT$330mn shares trading in Hong Kong, Japan and Korea. We also plan to be involved in five overseas listings.

 

 
 
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