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Japanese Yen Depreciation Satisfied Point: Corporate Analysts Say 163-164 Yen Range

Reported about 1 year ago

On July 8, 2024, at 4:10 pm, the Japanese Yen to the US Dollar has continued to hit new lows since breaking the previous low of 160.17 yen on June 26, reaching levels not seen since 1986. Corporate analysts indicate that the current wave of yen depreciation is likely to stabilize around 163-164 yen. Factors such as market expectations of a Federal Reserve rate cut in September and the Bank of Japan's plan for quantitative tightening are keeping the yen weak. While short-term yen reversal is unlikely, changes in policy direction by the BoJ may be necessary to reverse the trend in the coming years.

Source: YAHOO

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China's GDP Expected to Grow by 5% in the Second Quarter, Focusing on Domestic Demand

Reported about 1 year ago

China's economic data for the first half of 2024, including GDP growth rate, will be announced on July 15. Experts anticipate stable economic performance in the second quarter, driven by recovering external demand, sustained consumption growth, and stable investment. Despite challenges in the real estate and consumption sectors, strong export performance and manufacturing industry investment are expected to support GDP growth, possibly maintaining or slightly increasing the first quarter's 5.3% growth rate. Experts are optimistic about the second-quarter economic growth, with forecasts ranging from 5% to 5.1%, aiming to surpass the annual target of 'around 5%'. Ways to boost domestic demand are highlighted as a key focus for the second half of the year.

Source: YAHOO

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Promoting Financial Inclusion and Financial Friendliness: E.SUN Bank Secures Top 25% Fair Treatment Evaluation for Three Consecutive Years

Reported about 1 year ago

E.SUN Bank has been recognized by the Financial Supervisory Commission for promoting fair customer treatment, financial friendliness, and prevention of financial fraud, securing a spot in the top 25% for three consecutive years. The bank's efforts include education on fraud prevention, partnerships with law enforcement for fraud prevention workshops, collaborations with academia for fraud pattern recognition, and the provision of accessible facilities and digital-friendly services. By focusing on customer protection and financial friendliness, E.SUN Bank aims to create a safer and more inclusive financial environment for all.

Source: YAHOO

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Analyst Suggests Adding TSMC to Magnificent Seven of U.S. Stocks

Reported about 1 year ago

Keithen Drury, an analyst for the U.S. investment advisory company Motley Fool, recently recommended adding TSMC to the 'Magnificent Seven' of U.S. stocks, forming an 'Incredible Eight' list due to its excellent product innovation capabilities and leading market position, with potential boosts from Apple Intelligence and its AI business in the future. Drury emphasized TSMC's long-term prospects as too compelling to ignore, urging all investors to consider holding some shares. This move would expand the lineup created by CNBC host Jim Cramer to include TSMC, highlighting its importance in the tech industry and market.

Source: YAHOO

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Private University Research Project Grants: Longhua University Ranks Top Three

Reported about 1 year ago

In the 113th National Science Council's 2024 grant for research projects by college students, Longhua University had 21 approved projects, ranking among the top three private universities in the country. The number and approval rate of projects significantly increased compared to the previous year, reflecting the school's excellent teaching, research, and practical skills. The university's emphasis on research collaboration with industry and the success of their students in various competitions demonstrate Longhua University's strong research capabilities and industry relevance.

Source: YAHOO

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Fading Golden Rice Bowl: Chinese Banks Cut Jobs and Wages

Reported about 1 year ago

On July 8, 2024, a trend of pay cuts emerged in the financial sector in China, with banks following the footsteps of fund management firms and securities companies. Reports indicate that China Construction Bank, one of the Big Four state-owned banks, is planning significant pay cuts, with headquarters staff facing at least a 10% reduction and top executives likely to see larger cuts, while subsidiary companies may face even higher reductions. The focus on cost-cutting and efficiency improvement in banks aligns with current industry trends, and several banks have been emphasizing the urgency of this approach throughout the year.

Source: YAHOO

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Dancing with AI: Global Chip Sales in May See Largest Increase in Almost Two Years

Reported about 1 year ago

On July 8, 2024, 4:10 PM, the global semiconductor demand driven by the AI wave led to a 19.3% year-on-year increase in global chip sales in May this year, the largest annual growth since April 2022, indicating a positive outlook for the global semiconductor industry for this year and next. The Semiconductor Industry Association (SIA) reported that global chip sales reached $49.1 billion in May, a 19.3% increase from the same period last year. The Americas saw a particularly shining performance with a 43.6% year-on-year growth in chip sales in May, while Mainland China and other Asia-Pacific regions also achieved double-digit percentage growth rates. Japan experienced a 5.8% year-on-year decrease in chip sales in May, and Europe also saw a 9.6% year-on-year decrease.

Source: YAHOO

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Cathay Securities Wins Double Awards in Financial Services Evaluation

Reported about 1 year ago

In the recent announcement of the second 'Want Want China Times Financial Services Evaluation Awards,' Cathay Securities stood out with outstanding performance, winning the 'Senior-Friendly Award' and 'Information Security Award,' showcasing its dedication to providing quality financial services and information security. The company received recognition for its efforts in serving the elderly population and maintaining high standards of information security, further motivating them to continue improving and innovating in the financial services sector.

Source: YAHOO

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High Dividend ETF: Key to Stock Investment, Keeping Up with the Rising Taiwan Stock Market

Reported about 1 year ago

As of the end of June, the scale of Taiwan's high dividend ETFs has reached 1.5 trillion, with over 6.35 million investors, showcasing the high growth and dividend characteristics of the Taiwanese stock market. Regular dividend payouts and the increasing number of investors have led to record-breaking fundraising amounts. With high dividend ETFs becoming prominent in the market, investors are transitioning from pursuing price differences to holding stocks for dividend payments, resulting in long-term participation in Taiwan's stock market investment outcomes.

Source: YAHOO

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Active Hurricane Season: CFRA Picks 5 Insurance Stocks

Reported about 1 year ago

CFRA, a research institution, recommends positioning in insurance stocks as the U.S. enters an active hurricane season. CFRA's picks include insurance giants like AIG, Arch Capital Group, Arthur J. Gallagher, Progressive, and Berkshire Hathaway. With an expected 23 named storms this summer, including 11 hurricanes and 5 major hurricanes, the impact on residential and commercial real estate markets is anticipated. CFRA advises investors to focus on these five insurance and reinsurance companies with manageable hurricane risks, highlighting Berkshire Hathaway for its revenue growth potential in the reinsurance sector yielding a target price of $472, implying a 15% upside potential.

Source: YAHOO

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Taiwan Stock Exchange's Four Actions to Assist Sustainable Transformation

Reported about 1 year ago

During the 2024 Cathay Financial's Sustainable Finance and Climate Change Summit on July 8, 2024, Taiwan Stock Exchange Chairman Lin Hsiu-Ming highlighted the increasing demand for carbon risk management among Taiwanese companies in the era of carbon pricing. The exchange introduced four major actions to help companies tackle the challenges of sustainable transformation, focusing on topics like net-zero solutions and sustainable finance. With over 4,800 participants, the summit aimed to discuss key trends and practical developments in sustainable finance and climate change, showing Taiwan's commitment to sustainability and achieving net zero emissions by 2050.

Source: YAHOO

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Chiao Shan H2 Welcomes Peak Season with Strong Quarterly Performance

Reported about 1 year ago

Benefiting from the acquisition effect and strengthened customer orders, Chiao Shan (1736) reported a consolidated revenue of 3.937 billion NT dollars in June, a monthly increase of 19.6% and a yearly increase of 25.23%. Both commercial and home fitness equipment revenues saw growth, with commercial equipment revenue driven by market operations in Latin America, Europe, and Australia. The addition of BowFlex, Schwinn, and JRNY brands contributed to the growth as well. Chiao Shan also plans to expand globally by establishing two new subsidiaries in Chile and Morocco this year. With a strong gross profit performance, the company expects increasing revenues throughout the second half of the year as the fitness equipment industry enters its peak season.

Source: YAHOO

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Chang Hwa Bank Promotes Archery Sport to Support Athletes in Pursuit of Olympics

Reported about 1 year ago

Chang Hwa Bank organized an archery team home day event at the Zuoying National Sports Training Center in Kaohsiung on July 6, with Chairman Lin Chung-yuan leading the cheering for their archery team members, including awarding incentives for those selected for the national Olympic team. The bank has been sponsoring the archery team's participation in the Chinese Enterprise Archery League for three years, with two members - Chiu Yiqing and Li Caiqi - selected for the national team heading to the Paris Olympics. This event aimed to encourage the athletes to strive for excellence and represent their country on the international stage, aligning with the bank's commitment to promoting sports and healthy lifestyles among its employees and in the community.

Source: YAHOO

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朋程Q2營收再創單季新高

Reported about 1 year ago

車用二極體大廠朋程(8255)在2024年第二季表現亮眼,合併營收再創歷史新高,前六個月營收較去年同期大幅增長,主要受惠於國際大廠Bosch逐步退守燃油車市場而轉單至朋程。預估下半年轉單效應明確,需求持續成長,並有助於減緩傳統二極體業務下滑壓力。

Source: YAHOO

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禾荣癌症靶向放射治疗设备问世

Reported about 1 year ago

禾荣科技宣布取得台湾TFDA核准的AB-BNCT设备醫療器材许可证,成为首台国产癌症靶向放射治疗设备。该技术结合標靶治療和放射治疗优点,使治疗过程更精准有效。禾荣已启动IPO计划,目标今年底登上興櫃,明年以科技事业申请上市。未来将在国内外大型医院布局,助力海外市场拓展。

Source: YAHOO

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Mythical Tales Launches 12 Zodiac Bone China Mug Set

Reported about 1 year ago

On July 8, 2024, 'TALES 神話言' will unveil its meticulously curated 'ZODIAC 12 Zodiac' series at the Melbourne Museum, representing eight years of development. This exhibition showcases a harmonious blend of Eastern auspicious elements and the twelve zodiac themes, illustrating contemporary Chinese aesthetics through innovative design. Celebrating its 20th anniversary, TALES introduces a collectible bone china mug set made with 42% bone material and adorned with 24K gold detailing, emphasizing quality and craftsmanship. The initial batch sold out in just 30 minutes, reflecting immense market interest, and this series will continue to tour major museums worldwide, promoting the beauty of Chinese culture globally.

Source: YAHOO

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晟銘电 写单月营收新高

Reported about 1 year ago

机殼廠晟銘电(3013)2024年7月8日公布6月營收达9.13億元,创下单月营收新高记录,年增率达96.7%;第二季累计營收同比激增92.9%,主要受益于通用型伺服器需求回暖和AI拉貨动能强劲。晟銘电预计逐季成长,目前逾八成營收来自伺服器,受惠于AI伺服器需求持续增长。

Source: YAHOO

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Utilizing PPPs and REITs to Solve Housing Issues

Reported about 1 year ago

Cheng Bo-wen, a retired university professor, proposed on July 8, 2024 at 4:10 pm that the government should effectively use Public-Private-Partnerships (PPPs) and Real Estate Investment Trusts (REITs) to address urgent housing issues faced by the public in Taiwan. He highlighted the pressing issues of urban renewal following the recent Hualien earthquake and the unaffordability of housing for many citizens. Cheng suggested that harnessing PPPs could help overcome government resource shortages and that REITs could provide funding for urban renewal and public housing construction, discouraging speculative real estate investment. He referenced the global trend of governments utilizing PPPs for public housing initiatives and recommended that Taiwan look to successful examples in mainland China and other regions to involve private capital in urban redevelopment and housing projects.

Source: YAHOO

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Taiwan Stock Index Hits 24K with Weighted F5 Leading

Reported about 1 year ago

Taiwan's stock market surged on July 8th with the weighted index breaking through 24,000 points to reach 24,011. Thanks to domestic institutional investors supporting the market and positive exchange reports for Hon Hai Precision Industry Co., Ltd., the index closed at 23,878 points, marking a new high with TSMC contributing most to the gains. As the tech stocks led by the top five companies (F5) soared, the market outlook remains positive with a focus on upcoming events like the US election and global trade barriers concerning electric vehicles from China.

Source: YAHOO

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Commodity Futures Trend Column - Crude Oil Above Monthly Line, Slowly Rising

Reported about 1 year ago

Provided by the Cathay Futures Certificate Trading Advisory Department, Huang Yanhong summarized on July 8, 2024, that the latest US continued jobless claims rose to 1.858 million, the highest since November 2021, with an increase of 206,000 new non-farm jobs released on the 5th, slightly higher than market expectations but revised down for April and May. With data showing a cooling economy and labor market, boosting market expectations of a Fed rate cut, market expectations for at least a 1 basis point rate cut in September have risen to over 75%. The decline in the US dollar and US bond yields is favorable for oil price performance. The EIA inventory report on the 3rd showed unexpected large decreases in crude oil inventory by 12.16 million barrels to 448.5 million barrels, much more than the expected 400,000 barrels reduction, while gasoline inventory decreased by 2.214 million barrels, higher than the expected 1.5 million barrels decrease, with gasoline demand increasing by 120,000 barrels per day to 9.205 million barrels per day, indicating a continued summer oil demand in the US. As the US Independence Day approaches, the AAA expects a record of 60.6 million people driving for the National Day week, higher than last year's 57.8 million. In summary, recent soft economic data in the US has boosted market expectations of a Fed rate cut, with falling US bond yields and the US dollar index being conducive to the movement of commodities. Moreover, despite some progress in the Haifa talks last week, the conflict between Israel and Hezbollah continues to escalate, increasing geopolitical risks. Crude oil prices may continue to rise slowly above the monthly line, supported by high driving demands for travel around the US Independence Day.

Source: YAHOO

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Opportunities in High-Inclusion ETFs for Small Investors as Blue-chip Stocks Soar

Reported about 1 year ago

Taiwan Semiconductor Manufacturing Co. (TSMC) soared to a new high of 1,045 NT dollars, making it unaffordable for small investors. Suggestions were made to consider ten ETFs with over 30% TSMC inclusion, priced below 30 NT dollars as potential investment options. Among them, Cathay Taiwan 5G+ has seen a more than 50% increase this year, outperforming the market. The significance lies in its component stocks, including not only TSMC but also Apple-related firms, benefiting from AI trends and an Apple device replacement trend. Various ETFs with low prices and high TSMC inclusion ratios have hit record highs on August 8th, with Cathay Taiwan 5G+ gaining attention for its growth potential.

Source: YAHOO

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Chang Sheng's Profit Surpasses Last Year in the First Five Months

Reported about 1 year ago

In Taipei on July 8, 2024, the car connector factory Chang Sheng (3492) has seen a recent increase of over 60%, prompting the regulatory authorities to request the disclosure of the most recent profits. With an EPS of 0.67 in the first five months, Chang Sheng not only significantly improved from a tax-deducted net loss per share of 0.01 in the same period last year but also surpassed last year's full-year EPS of 0.63, showing a promising turn. Despite being classified as a disposed stock due to short-term gains, Chang Sheng continues to rise, hitting the daily limit up again on the 8th, with a significant increase over the past six trading days reaching 63.44%. Chang Sheng's May revenue was slightly up by 5% from the same period last year at 0.63 billion, showing a significant profit improvement with a monthly after-tax net profit of 4 million yuan and an EPS of 0.12 yuan compared to last year's 3 million yuan and EPS of 0.09 yuan, a 33.3% growth.

Source: YAHOO

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Mega Financial Holding's Subsidiary Promotes Environmental Protection and Safeguards Biodiversity

Reported about 1 year ago

On July 8, 2024, at 4:10 PM, Mega Financial Holding's subsidiary, Mega Ticket Voucher, actively participated in environmental protection efforts by joining the Taipei Park Department's 'Rongxing Garden Ecological Protection' activity. Employees braved the heat by wearing waterproof pants and frog costumes to clean the ecological pond, removing invasive water hyacinths to maintain ecological balance. Mega Ticket Voucher has been dedicated to environmental protection and social welfare for many years, encouraging staff to engage in volunteer work to demonstrate the company's commitment to social responsibility and teamwork spirit. They have participated in various activities including wetland park ecological maintenance and volunteering at the Down syndrome Foundation before holidays to promote inclusivity. By following ESG principles, Mega Ticket Voucher aims to become a leader in sustainable finance, guiding funds towards environmental sustainability and supporting corporate sustainability transformation.

Source: YAHOO

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Warrant Market Focus - Yujing Optoelectronics Accelerating Apple Consumption

Reported about 1 year ago

Peng Weilin/Taipei reported on July 8, 2024, at 4:10 pm, as Apple welcomes the 'harvest' season and Apple concept stocks rush to ship in the summer, Yujing Optoelectronics (3406) accelerates its Apple consumption speed. With a first-half revenue of NT$10.224 billion, a year-on-year increase of 70.57%, Yujing Optoelectronics outperforms Apple concept stocks. Yujing Optoelectronics, known for producing iPhone lenses, forecasts better second-half revenue due to the upcoming volume production of new smartphones for major U.S. customers in the traditional peak season of the third quarter. The company, a pure play in Apple concept stocks, has adjusted its product mix this year, with mid-to-low-end demand in the third quarter surpassing high-end products, including high-margin VR products, influencing profitability.

Source: YAHOO

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August Welcomes Returning Taiwanese Investment, Business Association Optimistic about Pre-sale and New Commercial Offices

Reported about 1 year ago

According to the latest statistics from the National Chamber of Commerce and Xianglin Construction on July 8, 2024, despite construction costs not decreasing in the first half of this year, the number of housing units for sale in the six major cities in Taiwan decreased by 3.6%, but the total sales amount reached 1.18074 trillion NT dollars, hitting a new high for the same period since 2011. Looking ahead to the second half of the year, the Chamber of Commerce's Honorary Chairman Lai Zhengyi expects positive prospects after the loosening of restrictions on Taiwanese investment returning in August, with a favorable market for pre-sale projects and new commercial office buildings. The total annual sales volume is predicted to challenge 2.3 trillion NT dollars.

Source: YAHOO

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