Reported about 1 year ago
In an interview on July 7, 2024, Chairman Wei Baosheng and Vice Chairman Hong Shiqi of Shin Kong Financial and New Life shared their management philosophy and business goals. After a year of reforms, with the shareholders' meeting victory in June, Shin Kong Life's Vice Chairman Hong Shiqi expressed confidence in the company's morale. They recently conducted the largest personnel rotation in June, aiming to develop versatile senior executives and ensure a pool of talent for the company's future leadership. Undergoing significant transformations and improvements over the past year, Shin Kong Life saw remarkable performance growth and achievements.
Source: YAHOO
Reported about 1 year ago
In July 2024, Tesla introduced the humanoid robot Optimus, and China unveiled its first full-size general-purpose robot, sparking potential business opportunities in the robot industry. NVIDIA's robot ecosystem, including Taiwanese companies like Kuoming, Congtai, and Huiyou, is also forecasted to perform well in the latter half of the year. The strategy for NVIDIA's presence in the robot market involves investments in promising new companies like Figure AI and collaborations with Taiwanese firms to build robot and AI ecosystems focused on smart factories and edge computing development. Focusing on industrial robots presently, Taiwan's second-largest collaborative robot company, Kuoming Robot (a subsidiary of Kuoming), is closely working with NVIDIA to develop intelligent robot arm products using the NVIDIA Isaac Sim™ platform for training and employing robot simulation applications in factories. With revenue growth exceeding 50% year-on-year in April and May, Kuoming Robot anticipates a significantly better financial performance this year. The company plans for IPO preparation by approving additional equity issuance during the late June shareholder meeting. Additionally, the extension of edge AI computing from smart factories contributes to the overall ecosystem, where NVIDIA's Jetson serves as an embedded solution for autonomous robots. Around 13 Taiwanese companies, including industrial computer leaders like Lanner, Adlink, and Advantech, have joined this ecosystem. Moreover, companies like Huiyou and Congtai, known for their expertise in image recognition and analysis, have become NVIDIA Jetson platform partners based on their commendation from NVIDIA, experiencing significant stock price jumps recently. Huiyou's stock price surged by 60.14% last week, while Congtai's stock rose by over 20%.
Source: YAHOO
Reported about 1 year ago
In the largest battle of the aviation industry this year in Seattle, the competition between China Airlines and Starlux Airlines is intensifying. China Airlines is set to start operations on July 14th with a significant marketing budget aimed at promoting flights to various U.S. destinations. On the other hand, Starlux Airlines, set to launch in August, has already expanded its advertising campaign to Southeast Asian countries with collaborations with major brands like Starbucks. Both airlines are seeking partnerships and expansion opportunities to leverage Seattle's strategic location for passenger and cargo transit to popular inland destinations in the U.S.
Source: YAHOO
Reported about 1 year ago
Far Eastern Mega City has won the Best Asia Employer Award for five consecutive years, being the only retail enterprise in Taiwan to receive the gold award. The award, organized by HR Asia, evaluated workplace diversity, fairness, and inclusivity. Far Eastern Mega City excelled in employee welfare, workplace safety, and career development, earning recognition in various categories such as 'Employer Care Award,' 'Diversity and Inclusion Award,' and 'Sustainable Workplace Award.' The company's efforts in promoting a safe and inclusive work environment, comprehensive employee benefits, promotion opportunities, and talent development programs have contributed to its success in becoming the only retail enterprise in Taiwan to achieve this prestigious recognition.
Source: YAHOO
Reported about 1 year ago
Steel factories like China Steel and CSC in the upstream are optimistic about the steel market for the rest of the year, expecting better performance than last year. However, midstream and downstream factories are more conservative, citing uncertainty and a lack of orders. Despite positive outlooks from upstream, the overall steel market outlook is mixed due to differing opinions among industry sectors.
Source: YAHOO
Reported about 1 year ago
Taipei, July 7, 2024, 4:10 PM - Cathay Group is dedicated to creating a diverse, fair, and inclusive friendly work environment, winning international recognition multiple times. Cathay Financial and its subsidiary Cathay Securities have both been awarded in the 2024 Taiwan 'Best Employers in Asia Award' by HR Asia magazine, with Cathay Financial winning for the sixth consecutive time and also receiving three special awards. Cathay Securities, in their first participation, was also recognized, becoming the first winning securities firm in Taiwan. Both companies excelled in employee culture, organizational development, employee identification, team consciousness, and participation, according to an anonymous employee survey by HR Asia.
Source: YAHOO
Reported about 1 year ago
Investment trusts in Taiwan have shifted their focus to high-yield and weighted stocks, notably increasing holdings in large-cap companies like Evergreen Marine, TSMC, and Mega Financial Holding. With the rise of ETFs in recent years, investment trusts have reversed their preference from mid-cap stocks to large-caps, particularly those with high dividends and weightage. This trend has seen investment trusts continuously buying into a total of 13 stocks, with ETFs in Taiwan nearing the 3 trillion mark. Despite the preference for large-cap stocks, Investment Trusts have also shown interest in potential opportunities in small and mid-cap stocks.
Source: YAHOO
Reported about 1 year ago
Sovereignty AI becomes a new focus for governments worldwide, leading to a surge in AI server business opportunities. Taiwan's supply chain, including companies like Quanta and Wistron, is expected to benefit from this trend, ushering in a new wave of operational growth. Governments are actively developing Sovereignty AI to secure national interests and enhance economic competitiveness. Companies such as Quanta, Wistron, Wiwynn, Inventec, and Pegatron are poised to capitalize on the expanding AI server demand, indicating significant potential for Taiwanese manufacturers in the AI market.
Source: YAHOO
Reported about 1 year ago
To welcome the joyful summer holidays, Taipei Shangri-La's popular buffet restaurant, Far East Cafe, is launching the limited-time 'American Charcoal Grilled Carnival' food event inspired by the American Independence Day from now until August 8th, attracting holiday dining crowds. With over 20 American-style charcoal-grilled dishes designed by the chef team, including flavorful dishes like Bourbon Honey BBQ Grilled Chicken, New York Cheese Burger, Smoked BBQ Pork Ribs, and the holiday exclusive Texas Smoked Beef Brisket, guests can indulge in the ultimate meat-eating satisfaction. Prices for lunch and dinner start at NT$1,580 + 10%, reservations can be made at (02) 7711-2080.
Source: YAHOO
Reported about 1 year ago
On July 7, 2024, Taipei - American voters are faced with two major political parties with vastly different platforms and must choose between two presidential candidates. Foreign corporations predict greater market changes post-election, with individual stock trends determined by profitability. Analyst Raheel Siddiqui from LPL Financial notes that the S&P 500 index performance in election years post WWII reveals differences in performance depending on the election competitiveness; in more competitive years, economic conditions and business cycles seem to dictate market performance, steadily rising over the year. However, in close election years, trends rise steadily until September, then notably decline and become more volatile. Despite a post-election recovery after clear results, the median drop from peak to trough is around 3%. LPL highlights that this super election year may trigger financial market disturbances, with localized volatility surpassing expectations. Given historical patterns, this local volatility spreading globally carries heightened risk, exacerbated by short-term tail risks, resulting in enhanced future volatility. Franklin Templeton's bond investment team notes that regardless of the election outcome, a divided Congress may constrain the new president from overly aggressive policies. If Trump is re-elected, tax cuts, deregulation, and economic focus are likely, but his disruptive style and foreign policies may cause market fluctuations. Meanwhile, a Biden reelection might bring lower uncertainty. Consequently, many corporations suggest a neutral stance in current markets and continue seeking adequate risk-distribution tools for investment portfolios. Fidelity believes that regardless of the US election result, most developed markets show upward stock trends, where factors like economics, geopolitics, or external events have more direct and lasting impacts; in the long term, company profitability is the most influential factor on stock trends, ensuring sustained upward movement for stocks with supported earnings.
Source: YAHOO
Reported about 1 year ago
As summer approaches, many students seek job opportunities to earn pocket money and delve into new financial topics. With their own bank accounts, students are encouraged to focus on savings, spending, and financial management to enhance financial literacy early on. Tips for students include budgeting daily expenses, making intelligent use of back-to-school discounts, and initiating investment thinking by gradually starting small-scale investments. Financial institutions emphasize the importance of financial independence for young adults and the need for early exposure to financial products for smooth future investments. Utilizing smart banking tools can help students manage their finances efficiently, categorize transactions, and accumulate credit for future financial goals.
Source: YAHOO
Reported about 1 year ago
On July 7, 2024, with the scorching summer heat and the countdown to the French Olympics, the indoor fitness trend surges, leading to the accelerated expansion of the gym giants - World Gym under World Fitness-KY (2762) and Fitness Factory under Bovan (8462) in the second half of the year to capitalize on business opportunities. World Gym plans to open 10 new locations in the second half of the year, while Fitness Factory recently opened in Shalu, Taichung, and plans for two new locations in Taichung and one in Tainan in the fourth quarter. With over 125 branches nationwide, the increase in locations boosts the willingness of new members to join. Both giants are strategically expanding their market reach, with World Gym aiming for 12 new locations this year and Fitness Factory planning to expand with at least 8 new locations next year, targeting a total of over 80 facilities, driving revenue growth and profit outlook positively.
Source: YAHOO
Reported about 1 year ago
The memory industry is entering an upturn cycle as the peak season for electronics approaches. Major companies like Nanya Technology and Winbond Electronics are experiencing significant revenue growth, with increases in both monthly and yearly earnings. This growth is attributed to the rising demand for high-bandwidth memory in response to AI needs, leading to positive effects on the memory market. With Samsung, SK Hynix, and Micron reallocating production to meet the demands of AI servers and PCs, generic DRAM supply is expected to be limited, driving the memory market into a new upward cycle.
Source: YAHOO
Reported about 1 year ago
As of May 2024, geopolitical risks between Taiwan and Mainland China have increased, leading to a further decrease in the financial sector's exposure to Mainland China. According to the latest statistics from the Financial Supervisory Commission, the financial sector's exposure to Mainland China by the end of May was 1.2969 trillion NT dollars, a significant decrease compared to the same period last year. The banking sector has seen continuous decreases in exposure for 12 consecutive quarters, while the property insurance sector has had zero exposure for 17 months. Overall, the exposure of the financial sector to Mainland China has significantly decreased, reflecting cautious attitudes towards credit and investments due to economic risks and high debt levels in the region. Insurance companies, particularly life insurance, have also reduced their exposure to Mainland China, largely due to changes in the political and economic situation there. The securities and futures industry has the lowest exposure among the three sectors, with only 12.827 billion NT dollars as of May. Overall, the financial sector has taken a prudent approach in managing its exposure to Mainland China amidst increasing risks.
Source: YAHOO
Reported about 1 year ago
The Nationalist Party is pushing for an amendment to the Nuclear Reactor Facilities Regulation Act in Taiwan, aiming to address the power shortage following the decommissioning of Unit 1 of the nuclear power plant. The decision on extending the operation of the plant depends on establishing social and political consensus, with a focus on climate change recommendations. Even if the legal aspects are loosened, the administrative process of submitting an extension plan and undergoing safety inspections will take 2-5 years, aligning with international nuclear safety standards. The upcoming committee on climate change will play a crucial role in determining the outcome of the plant's extension. Taiwan Power Company estimates an additional investment of $600 billion and an operation extension of 20-30 years if the plant continues operating.
Source: YAHOO
Reported about 1 year ago
Several Acer Group's IPO subsidiaries, including AOPEN (6776) and YTEC-Accton Technology Corporation (2432), reported impressive performances in the second quarter. AOPEN achieved record-high quarterly sales, YTEC-Accton Technology Corporation saw a notable increase in revenue, and KAGURA Co., Ltd. (3046) achieved its highest quarterly revenue in nearly 19 years. Acer's gaming subsidiary, Winking Studios, has also made significant acquisitions and recently dual-listed on the AIM board of the London Stock Exchange. Despite slight declines in June, Acer's gaming business, Innovex Medical Systems (6857), and other subsidiaries have shown strong growth momentum and achieved high revenues in the first half of this year.
Source: YAHOO
Reported about 1 year ago
Charlie Munger praised Jeff Bezos as an 'amazing human leader' in 2019, comparing him to Singapore's Lee Kuan Yew, but missed out on investing in Amazon due to its complexity and uncertainties. Munger, known for his conservative investment strategy at Berkshire Hathaway, preferred predictability in investments, leading to a missed opportunity despite acknowledging Bezos' leadership. Berkshire's shares saw a 216% increase in the last decade, while Amazon's rose by 1,055%, highlighting Munger's regret over not investing in the ecommerce giant.
Source: YAHOO
Reported about 1 year ago
Comedian Mark Normand married Mae Planert in November 2022 after dating for six years and getting engaged in 2021. Planert, with a career in brand partnerships, keeps her work separate from Normand’s comedy career. She met Normand at a comedy club six years prior when she sent him a message on Facebook after seeing him perform. Planert, originally from Massachusetts, is also a standup comedian herself, a podcast co-host, and balances her busy schedule alongside Normand by valuing independence in their marriage.
Source: YAHOO
Reported about 1 year ago
Hot dogs may not be the healthiest food choice, but with more nutritious options available in supermarkets, it is possible to enjoy them without sacrificing your health entirely. Nutritionists advise avoiding traditional or ballpark-labeled hot dogs due to high sodium and additives, instead recommending options with whole beef, turkey, or chicken meats with lower sodium content. Healthier hot dogs are uncured, nitrate- and nitrite-free, and have minimal ingredients. The article provides a list of healthy and unhealthy store-bought hot dogs across different meat and vegetarian options, with a reminder that occasional indulgence in less healthy foods is acceptable if balanced with an overall healthy diet.
Source: YAHOO
Reported about 1 year ago
泰勒·斯威夫特（Taylor Swift）在荷蘭阿姆斯特丹的Eraser巡演收尾，感謝粉絲們參加了在Johan Cruijff Arena舉辦的三場演出，並在Instagram上發佈了告別訊息，表達了對這座首都的感激。她的男友崔維斯·凱爾斯（Travis Kelce）也出席了兩場演出，為整個阿姆斯特丹之行增添了愛意，甚至親自演唱了2006年《Mary's Song》來紀念早期回憶。
Source: YAHOO
Reported about 1 year ago
Taiwanese tennis player Shu Wei Xie and her Belgian partner Elise Mertens easily defeated the British pair Appleton/Min senior 6-1, 6-2 in just 1 hour and 4 minutes, advancing to the women's doubles round of 16 at Wimbledon 2024. Xie's victory marks her 20th consecutive win in women's doubles at Wimbledon. Xie, a four-time grass court Grand Slam champion, is aiming to defend her title with Mertens. They will face the American pair Mattek-Sands/Kenin in the next round. Xie's previous partner Strycova has retired, and this is their second collaboration since winning Wimbledon in 2021.
Source: YAHOO
Reported about 1 year ago
Sleep psychologist Lisa Strauss discusses how sleep, which is often viewed as personal, is actually influenced by social factors. She shares common interpersonal scenarios that can disrupt sleep, such as dealing with family members in distress, partners with sleep apnea, noisy neighbors, and partners with ADHD. Strauss provides practical suggestions for each scenario, emphasizing the importance of setting boundaries, seeking individualized health care, speaking up about concerns, and finding ways to work together to improve sleep quality. By acknowledging the impact of our choices on others and taking thoughtful actions, we can create a more harmonious sleep ecosystem.
Source: YAHOO
Reported about 1 year ago
In the favorite 'Friends' episode 'The One With The Embryos,' Chandler and Joey end up swapping apartments with Monica and Rachel due to a trivia contest bet. This hilarious switch combined with the backstory behind the episode makes it a memorable and entertaining moment in the series.
Source: YAHOO
Reported about 1 year ago
French shares rebounded and the risk premium of French bonds over German narrowed as investors processed the election outcome, which resulted in a hung parliament in France. A left-wing surge blocked Marine Le Pen's far-right party from gaining power, leading to uncertainty about future governance. The CAC40 share index rose 0.4%, though remains down 4% since the election was called. Bond markets were uncertain, with French-German 10-year bond yield spread widening but later narrowing. The euro stabilized after an initial drop. Attention now shifts to the selection of France's next prime minister and the impact on economic policies and market stability.
Source: YAHOO
Reported about 1 year ago
Investors are relieved by the lack of a clear winner in the French elections, anticipating minimal policy changes due to political deadlock. French stocks rose alongside the broader European market, with bonds and the euro showing slight movements. Market concerns remain over France's debt burden and uncertainty following the left-wing alliance's success in the election, as it lacks an absolute majority. Despite the prolonged political wrangling, some view a hung parliament as a positive outcome for investors, contributing to the narrowing of bond spreads between France and Germany.
Source: YAHOO