Saturday, July 15, 2006

Chunghwa Telecom, Not my Investment Choice

Chunghwa Telecom (NYSE:CHT) is Taiwan's most important telecoms operator. I wrote to them as a fully fledged member of the international press corps requesting to be added to their press distribution list.

They are not a very user friendly bunch, and certainly a place I would think twice about placing my money if their attitude across the company is in line with their email response to my request which read:

quote

Dear Sir,

We apologize that we only include institutional investors onto our distributing list. You may go to our website to check our press releases.

Sincerely yours,

Investor Relation, Chunghwa Telecom

end quote

Just imagine how you would feel if were a 'small' investor making the same request as I did!

Chunghwa is in much need of some media relations guidance not to mention on how to handle investors.

PS. Taipei, July 10 Reuters reported that Chunghwa Telecom Co. Ltd., Taiwan's largest telecommunications firm, first-half net profit was T $22.2 billion (US$687 million), or T$2.32 per share DOWN 8.6 percent from the same period a year earlier. (US$=T$32.3)

[Is that a surprise?]

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