Reported about 1 year ago
Following the US Federal Reserve's decision to postpone interest rate cuts, foreign banks in Taiwan are aggressively promoting high-interest fixed deposit campaigns to attract deposits. Citibank offers the highest interest rates with up to 5.7% for USD, AUD, and CNY deposits; Standard Chartered Bank offers up to 5.6% for USD deposits; and HSBC offers up to 7% for USD deposits. These promotions aim to capitalize on the current high interest rates for USD deposits due to the delay in rate cuts by the Fed.
Source: YAHOO
Reported about 1 year ago
波若威（3163）公告，「航海王」張濬安持股超過5％，超越行政院國發基金，成為波若威最大股東。張濬安被稱為「航海王」，因在2020年大舉投資長榮、陽明，一戰成名。在長榮2022年報中成為第7大股東，再次成為焦點，並證實短線交易策略。
Source: YAHOO
Reported about 1 year ago
With the breakthrough of Artificial Intelligence (AI) technology, financial fraud continues to evolve, and the public's ability to detect fraud needs to be enhanced. Traditional scam methods combined with AI make scams more realistic, and it is necessary for people to improve their ability to detect scams. Various organizations and platforms in Taiwan are actively promoting financial literacy and anti-fraud education to combat the increasing number of fraud cases. The government has also established initiatives to strengthen the public's financial knowledge and awareness to prevent falling into fraud traps.
Source: YAHOO
Reported about 1 year ago
Huan Hsin Cable Industries' June combined revenue reached a new high, benefiting from the release of orders from Taiwan Power's resilient grid plan and the rise in international copper prices. With the average copper price in June at $9,641.6, higher than the same period last year, Huan Hsin is expected to see revenue growth in July as well. The company's revenue increase in June and year-on-year is mainly attributed to the increase in international copper prices.
Source: YAHOO
Reported about 1 year ago
Jumi (8928), a golf head manufacturing factory, reported a strong revenue of 168 million in June 2024, up by 52.74% YoY due to strong new product sales and a lower base year. The first half of the year saw a 23.52% increase. While Q3 performance might soften, a positive outlook for a stronger Q4 indicates the second half of the year could outperform the first. Joining other players like Da Tian (8924) and Fu Sheng (6670) in revealing impressive June revenues, Jumi's spokesperson, Yan Zhi-xian, credited the revenue surge to both the low base last year and strong sales of new products by downstream customers.
Source: YAHOO
Reported about 1 year ago
As of July 8, 2024, at 4:10 PM, banks in Taiwan continue to introduce attractive USD fixed deposit options, mostly focusing on short terms like 1 month, 3 months, and 6 months with annual interest rates going as high as over 5%. First Bank offers up to 5.22% for a 3-month deposit, while Mega Bank provides a special USD 6-month fixed deposit at 5.2% interest rate. Customers can enjoy benefits with new funds from other banks or exchanged in New Taiwan Dollars, with minimum deposits starting at $30,000 USD.
Source: YAHOO
Reported about 1 year ago
JP-ING's revenue saw a significant increase in June, reaching a record high of 3.34 billion NT dollars, with a year-on-year growth rate of 24.46%. The second quarter revenue also hit a new high at 8.97 billion NT dollars, a 4.9% increase from the previous quarter and a 13.3% increase year-on-year. The company's performance is attributed to the new IDC center LY2 and the anticipated influx of customers, promising a boost in one-time fees. With the new data center and the growing demand for AI technology, JP-ING is confident that the revenue and profit in the second half of the year will surpass the first half, aiming for an annual revenue and profit growth compared to the previous year.
Source: YAHOO
Reported about 1 year ago
On July 8, 2024, the National Center for High-Performance Computing in Taiwan announced the upcoming launch of the new supercomputer 'Forerunner 1' with over 62,000 computing cores and a peak performance of 3.5 Petaflops, catering to various high-performance computing tasks for climate, astronomy, and engineering research. This initiative aims to enhance Taiwan's computing infrastructure with plans to reach 200-300 Petaflops by 2028. Forerunner 1, located in Tainan, features innovative computing nodes and demonstrates Taiwan's commitment to staying competitive in global technology advancements, particularly in AI research and applications.
Source: YAHOO
Reported about 1 year ago
China's central bank, the People's Bank of China, has recently shown more flexibility in liquidity adjustments, shifting towards tightening. Experts predict that due to factors such as government bond issuances, fiscal revenue and expenditure, and foreign exchange deposits, there is a liquidity gap of around 800 billion CNY in July. It is widely expected in the market that there will be further reserve requirement ratio cuts in the third quarter, with at least two more cuts of 0.5 percentage points each expected by the end of the year.
Source: YAHOO
Reported about 1 year ago
Canon (2374) announced a June revenue of 542 million NTD, a 5.25% decrease from the previous month but a significant 39.52% increase from the same period last year. With continuous growth in orders for 360-degree cameras and hybrid cameras along with the shipment of new products such as edge computing, Canon foresees a stronger performance in Q3 compared to Q2, expecting better operational results this year compared to last. The company remains focused on imaging products, hybrid cameras, and expanding into AI edge computing products for smart city applications. Looking ahead, Canon anticipates increased revenue and profit in the second half of the year driven by new product production, favorable exchange rates, and the rising demand for main products like 360-degree and hybrid cameras.
Source: YAHOO
Reported about 1 year ago
Synnex (6126) rose on July 8th, reaching a high of 39.9 yuan during the day and closing at 39.65 yuan, up more than one trading limit board. It successfully broke through the previous high, but in terms of chip side, foreign investors sold 3,811 shares more than they bought on the 8th, almost offsetting the previous day's 3,856 share buying spree. The company had accumulated revenue of 1.471 billion yuan in the first 5 months of the year, a 4.07% annual increase.
Source: YAHOO
Reported about 1 year ago
Encouraged by the Financial Supervisory Commission, the scale of employee welfare trusts has been growing steadily over the past four years. However, when grassroots agricultural associations tried to promote employee welfare trusts, they encountered obstacles due to outdated regulations. Two specific old regulations prevent agricultural association employees from setting up welfare trusts, impacting their ability to accumulate retirement funds. The Ministry of Agriculture's interpretation further complicates the issue, stating that the monthly subsidy of 10 yuan for the employee welfare trust cannot be considered a reward within the scope of personnel management regulations. This situation highlights the need for regulations to adapt to the times, allowing for adjustments to facilitate employee welfare trusts.
Source: YAHOO
Reported about 1 year ago
Economic Affairs Minister Guo Zhihui emphasized the high frequency of power outages, attributing it to the inadequate maintenance of equipment. Guo has begun to identify urgent areas prone to power outages, labeling them as red zones. The goal is to swiftly repair and replace old equipment in these high-risk areas before incidents occur, with a target of completing equipment updates within four years. Guo highlighted the issue of aging national power equipment and the challenges posed by increased electricity demand in certain regions due to population growth, necessitating the expansion of electrical infrastructure.
Source: YAHOO
Reported about 1 year ago
On July 8, 2024, the Taiwan Stock Exchange rose to its highest point at 24,011 points before slightly retracting to close at 23,878 points, with Best Sun (5274) soaring by 2.6% to 4,615 yuan and Hon Hai (2317) closing at 226.5 yuan with a 5.5% increase. Best Sun reported a strong second-quarter revenue with a 34% quarterly increase and a 99% yearly increase. Hon Hai also performed well, surpassing previous records in both quarterly and yearly revenue. Positive projections for both companies are attributed to strong server demand and new product cycles.
Source: YAHOO
Reported about 1 year ago
Securities News Center report as of July 8, 2024, 4:10 PM: * Rights Offering and Ex-dividend: 104, Originality, Dafa, Group Link, Yifeng, Yangming, China Aviation, Rongyun, Dashu, Formosa Plastics Chemical, etc. * Investor Conference: Huali, Clevo. * Stocks to Watch: Donghua, Taifu, Helingo, Leader, Kunying, Yaohua, Jianneng, Jinyuan, Mengli, Huangchang, Longming Green Energy, Xunzhou, Lianjie, Shengtai, Jingding, Jincolor Technology, Huiyou, Yuanta Futures, Jinbi, Thai Fu-KY, Shenfeng, Liance, Whit, Sunnytek Semiconductor, Luosheng, Binchuan, Jingzhan, Lianfa International, TFG Energy, Feicheng, Changsheng, Yangcheng, Baoda, Youweike, Xinke, Gaofeng, Qingteng, Jinda, etc. * Stock Disposal: Yichuan, Yinghan, Luosheng, Minghui-DR, Tianyang, Yichuan Liu. * Reduction of Margin Financing Ratio by 1% and Increase of Margin Trading Security Deposit by 1%: Xunxin-KY, Xinxin, Guanxing-KY. * Reversion to Original Margin Financing Ratio and Margin Trading Security Deposit Percentage: Anguo, Huanda. For more Economic Daily reports, Hsu Xiulan: Clear energy policy can compete and strive for the needed electricity Honkai vehicle with successful cultivation and optimistic operations 15 investment consultants target a golden ox and strive to lead.
Source: YAHOO
Reported about 1 year ago
On July 4th, TSMC became a mega-cap stock, boosting the semiconductor ETF prices. Among Taiwan's five semiconductor ETFs, the New York Taiwan Semiconductor 30 ETF (00904) stood out with a 29.74% return rate by June 28th. With TSMC's stock price surge, the return rate reached 31.82%, surpassing the benchmark index and outperforming other similar ETFs. The fund manager anticipates further growth due to TSMC's strong performance and favorable market conditions, making it a promising investment for those looking to benefit from the semiconductor sector's potential.
Source: YAHOO
Reported about 1 year ago
In the midst of the booming global ETF market, investors are increasingly turning to ETFs for their diversified investment strategies and risk mitigation features. Recognizing the potential in the ETF market, Huannan Bank has collaborated with Uni-President Securities Investment Trust and Yuanta Securities Investment Trust to serve as the custodian bank for popular ETFs, allowing investors to benefit from steady trust asset management and utilize the advantages of monthly distribution ETFs for asset growth. By switching their income distribution accounts to Huannan Bank's SnY digital account, investors can save NT$10 on cross-border ETF distribution transfer fees each month. The SnY digital account also offers various exclusive benefits, including a special deposit interest rate, free cross-bank transfers and withdrawals, as well as favorable foreign exchange rates, making it an ideal choice for investors holding these two monthly distribution ETFs to maximize savings on fees and increase personal investment returns.
Source: YAHOO
Reported about 1 year ago
As the financial news unfolds, 14 financial holding companies have reported their profits for the first half of the year. Among the 10 companies that have disclosed their earnings, they collectively earned 157.332 billion NT dollars in the first half of the year. If calculations include the profits of Cathay Financial Holding, Fubon Financial Holding, First Financial Holding, and Hua Nan Financial Holding, the earnings for the first five months are close to 300 billion NT dollars, not far from the record high profit of 341.57 billion NT dollars in the first half of 2021. With the possibility of Cathay Financial Holding and Fubon Financial Holding performing well in June, there is a chance to achieve the strongest first half earnings performance. Multiple institutions have shown growth compared to the previous year, with Chinatrust Financial Holding achieving the highest growth rate of 29.13%. Various subsidiaries have contributed to the strong earnings, with Shin Kong Financial Group even reversing last year's losses to achieve record-high profits in both monthly and first-half accumulations.
Source: YAHOO
Reported about 1 year ago
The Taiwan Stock Exchange continued to hit new highs, boosting corporate and private consumer spending. As a result, corporate incentive gatherings have increased significantly, benefiting mid- to high-priced dining establishments. In June, the revenue of New Land Group's high-end teppanyaki and hot pot restaurants increased by over 10%, contributing to a consolidated revenue of 128 million NT dollars for the company, a 37.1% yearly increase. The first half of the year saw a record high in consolidated revenue at 937 million NT dollars, a 27.84% increase. The marketing VP of New Land, Lin Guowei, attributed the increase in corporate dining to better-than-expected corporate profits in the first half of the year, leading to higher dining prices. This trend, coupled with the booming stock market, has fueled consumer spending in dining establishments like 'Le Gueule French Teppanyaki' and 'Craft Excellence Hot Pot,' where large corporate gatherings and private dining events have surged, pushing up revenues. However, labor shortages remain a challenge, with a 25% shortfall in workforce driving businesses to focus on weekends to accommodate high customer demand and implement customer limits on weekdays, impacting overall performance despite increased bookings.
Source: YAHOO
Reported about 1 year ago
Taipei - Quanta Cowin's first half of the year operation is thriving with a consolidated revenue of about 634 million NT dollars, a year-on-year growth of 26.49%. This success story includes achieving 'Three Growth': a 19.05% year-on-year growth in June alone, over 20% year-on-year growth for the second quarter, and the first half of the year. Despite a slight decrease in June's revenue, overall shipment volume increased. The company's positive outlook is supported by two new products making progress, contributing to a promising second half of the year.
Source: YAHOO
Reported about 1 year ago
Following the approval of the first biosimilar drug in Taiwan by the US FDA, Tai Fu-KY has submitted biologic biosimilar product TX05 for re-evaluation to the FDA on July 8th, 2024, aiming to target the $1.1 billion US market annually. TX05, Tai Fu's second self-developed biosimilar drug referencing Herceptin, completed its Phase III clinical trials in February 2021, demonstrating safety, immunogenicity, and efficacy equivalence to the reference drug. With experience in biosimilar development and FDA compliance, Tai Fu's CDMO business also shows promising growth prospects with two potential clients in advanced negotiation stages.
Source: YAHOO
Reported about 1 year ago
The Ministry of Finance continued its audit on violations in Xinqing'an without stopping, holding a meeting with eight major banks in the evening of July 8, 2024, to confirm that in the first batch (from August 1 last year to March 30 this year) of audited loan cases, there are over a thousand highly suspected violators. The Ministry stressed the need for thoroughness in handling the issue and plans to publicly disclose the confirmed number of violators soon, with the subsequent handling of penalties and interest recovery to be done by the banks themselves.
Source: YAHOO
Reported about 1 year ago
With the increasing awareness of health among the public, the planning of health management and protection has become more important. Recognizing market trends, Yuanta Life has introduced a new foreign currency-linked policy, the 'Yuanta Life Enjoy USD Variable Rate Lifetime Insurance,' which supports policyholders in taking care of their own health through comprehensive coverage. It also serves as a planning tool for asset inheritance, particularly beneficial for those with a need for diversified asset allocation. The policy offers three main features including extra benefits for specific illnesses, premium discounts for health promotion activities, and value-added bonuses, with the aim of providing both protection and wealth accumulation opportunities. Recommended for middle-aged and older clients with foreign asset allocation needs and retirement planning aspirations.
Source: YAHOO
Reported about 1 year ago
PCB industry benefits from the high demand for low-orbit satellite communication boards, HDI, class carriers, IC carriers, and Taiwan's competitive advantages. YiJin New Materials Company, focusing on PCB process materials, has seen remarkable sales growth due to the significant increase in low-orbit satellite communication boards. Chairman Wu Yu Wei anticipates the continuous growth of high-end PCB process materials, especially in AI servers driven by NVIDIA and AMD, playing a crucial role in the future development of the PCB industry. By aligning with international manufacturers, YiJin is strategically positioning itself to provide AI server PCB drilling and pressing materials in Taiwan, aiming to enhance the overall growth of the PCB electronics industry.
Source: YAHOO
Reported about 1 year ago
Server businesses are thriving, with both Wiwynn and Wistron seeing significant revenue growth in June. Wiwynn achieved revenues of 88.787 billion NT dollars, while Wistron reached 30.758 billion NT dollars, marking the highest levels in the same period over the years. The growth is attributed to the recovery of general server business and strong momentum in AI server sectors. Wiwynn's revenue hit 774.8 billion NT dollars in the second quarter, representing a 37.6% year-on-year increase and an 11.29% quarterly increase, with a positive outlook for continued growth. Wistron is expanding production capacity in Hukou, Taiwan, and plans for new AI capacities in the second half of the year. Both companies are benefiting from the server market's growth, with promising prospects for revenue and profit growth.
Source: YAHOO