Reported 9 months ago
In the traditionally slow third quarter for the stainless steel market, Huaxin Steel (1605) responded to the recent international nickel price decline by lowering raw material prices for the first time this year, ending a six-month consecutive price hike. Some stainless steel prices in the 300 series in July were reduced by NT$1,000-3,000 per metric ton. With uncertainties in the stainless steel industry this year, Huaxin considers customer order competitiveness and adjusts prices reflecting the decrease in nickel and other raw material prices. While maintaining the prices for the 200 and 400 series, Huaxin anticipates better performance in the second quarter for its cable, stainless steel, and resources businesses compared to the first quarter.
Source: YAHOO
Reported 9 months ago
To achieve housing justice, as of the end of May this year, the Land Administration Bureau has approved rent subsidies for 540,000 households and successfully matched 111,000 households with managed public rental housing, providing support to over 650,000 households. More than half of the beneficiaries are young adults aged 18 to 39, totaling 330,000 households. To prevent landlords from profiting from electricity price differentials, the Ministry of the Interior is amending the standardized residential lease contract to regulate electricity fees, with the proposal expected to be implemented in mid-July. The policy has significantly reduced the housing burden for young adults and elderly renters, with over 6,100 elderly tenants benefiting from the housing support programs.
Source: YAHOO
Reported 9 months ago
Financial companies in Taiwan are expected to earn over 320 billion New Taiwan Dollars in the first half of 2024 as profits soar and share prices rise, with foreign investors targeting financial stocks for investment. Among them, Shin Kong Financial Holding Co. is particularly favored. On June 28, the Taiwan Stock Exchange closed at 23,032.25 points with the New Taiwan Dollar slightly depreciating against the U.S. Dollar. Expectations are high for the financial sector's profits and performance with positive trends anticipated for the upcoming months.
Source: YAHOO
Reported 9 months ago
Apple's head-worn device Vision Pro was released in Mainland China on June 28, 2024, with three storage options of 256GB, 512GB, and 1TB priced starting from 29,999 RMB. Chinese media reports stated that the launch of Vision Pro led to a surge in Apple concept stocks listed in China, with multiple stocks hitting the daily limit up. Market analysts believe that the introduction of Vision Pro will benefit Apple's industry chain companies, and as the sales volume increases globally in the future, related companies will benefit extensively. IDC China analyst Ye Qingqing mentioned that for the consumer market, head-worn device manufacturers aiming for breakthroughs in scale ultimately need to control prices, emphasizing the importance of content optimization and comfort in wearing for any manufacturer, including Apple.
Source: YAHOO
Reported 9 months ago
Japanese Yen fell again on June 28, with the exchange rate reaching a historically low level. Experts believe that the Japanese Yen is currently oversold and the key to its rebound lies in the interest rate policies of the Bank of Japan and the Federal Reserve in the third quarter. The market perceives the Japanese Yen as oversold, as indicated by various surveys and economic analysis. If the USD/JPY rate falls below 160, the Bank of Japan is likely to intervene. Concerns about rising interest rates potentially causing bankruptcies, the impact on zombie companies, and the significant national debt are factors hindering the Bank of Japan's efforts to strengthen the Yen.
Source: YAHOO
Reported 9 months ago
台灣第三方支付業者LINE Pay連加網路在股東會上通過不配發股利，董事長丁雄認為公司正處於成長期，將保留現金以支應業務擴展，宣布未來會從五大方向發展LINE Pay生態圈。LINE Pay擁有1200萬用戶，2023年營收達49.28億元，挾著高滲透率成為台灣最普及的第三方支付工具。股東會確定不配息後，股價反而上漲2.08％至550元。LINE Pay未來將拓展服務範圍，包括用戶端、支付周邊服務、跨境支付等，並透過數位化行銷策略提升用戶黏著度。
Source: YAHOO
Reported 9 months ago
Allianz Group made changes in the personnel layout in the Asian insurance market on June 28, 2024, with Lin Shuncai, who has been the General Manager of Allianz Taiwan for 11 years, being transferred to Allianz (China) as the General Manager. Allianz Taiwan Life Insurance will appoint Jan-Joris Louwerier as the new CEO starting from August 1st, replacing the current GM Lin Shuncai. Lin Shuncai, a Fellow of the Society of Actuaries, joined Allianz Taiwan Life Insurance in 2013 as the General Manager and led the company to become the leading brand in Taiwan's investment-linked insurance sector.
Source: YAHOO
Reported 9 months ago
On June 28, 2024, the '2024 Vision of Taiwan AI Metaverse Future is Here' summit was held online by several organizations, discussing the impact of AI on various industries. With the global metaverse market estimated to reach $130.5 billion in 2024 and potentially $1 trillion by 2030, the event explored the applications of AI in defense, healthcare, food production, manufacturing, media, communication, construction, and education. The summit emphasized the need for collaboration and new models to integrate AI technology into industry ecosystems and urban aesthetics. The discussion also focused on how individuals and industries can adapt to the evolving landscape of artificial intelligence and its implications on work and society.
Source: YAHOO
Reported 9 months ago
On June 28, 2024, in Taipei, the Financial Department called for public sector banks to quickly submit a list of violations related to the new youth housing loan program. Those found to be in violation will face penalties such as adjusting loan interest rates and reclaiming interest subsidies. The Financial Department urged public sector banks to identify violators of the program within a week, with penalties to be enforced. Measures to strengthen regulations for the new program were discussed at a meeting hosted by Vice Minister Juan Qinghua on the following steps to be taken in the coming weeks.
Source: YAHOO
Reported 9 months ago
Yu Tai International (7716), a freight handling company, held a shareholders' meeting on June 28, 2024. The Chairman, Liu Fang, mentioned that with the release of holiday goods from Europe and the US, along with the trade and tariff wars, the demand for transport on routes between China and Southeast Asia has increased. Freight rates on busy routes like Shanghai to Vietnam have doubled compared to last year, supporting a rising trend as vessels face tight capacity in the third quarter. However, uncertainties remain in the fourth quarter due to various factors like geopolitical issues, climate change, and the potential impact of new ships being deployed to Asian routes from Europe and the US.
Source: YAHOO
Reported 9 months ago
The renowned Tokyo restaurant Bon.nu has opened a branch in Taiwan called Li.nu at a luxurious estate in Kaohsiung. The establishment features a menu curated by the eccentric and successful chef Kurusu, known for his unique and minimalistic approach to creating pure and flavorful dishes using high-quality ingredients. Li.nu aims to provide a dining experience focused on simplicity and excellence, with dishes like Charcoal-grilled Taiwanese yellow beef and F1 Wagyu blend, local vegetable salad, flower crab extraction, and more, showcasing innovative and refined culinary techniques.
Source: YAHOO
Reported 9 months ago
Legislator proposed an amendment to the Insurance Act on June 28, 2024, to reduce the current 45% limit on life insurance industry's overseas investments to 25%. FSC strongly opposes the change, marking the first challenge for FSC Chairman Peng Chin-lung to make a statement on overseas investments. The amendment is to redirect insurance funds back to Taiwan to boost industries, create job opportunities, and raise salaries. While legislators believe that outward flow of life insurance funds can lead to economic decline and stagnant real wages, FSC emphasizes the need to maintain the current regulations and encourages investments in domestic projects and strategic industries.
Source: YAHOO
Reported 9 months ago
On June 28, 2024, at 4:10 PM, EU leaders reached an agreement at a summit to nominate Ursula von der Leyen for another term as EU Commission President. Additionally, they nominated former Portuguese Prime Minister Antonio Costa as the next President of the European Council, and Estonian Prime Minister Kaja Kallas as the EU's Foreign and Security Policy Chief. While most EU leaders supported these nominations, Italian Prime Minister Giorgia Meloni abstained from voting on von der Leyen and opposed Costa and Kallas. The nominations still require approval from the European Parliament, with von der Leyen needing support from allies within the center-right European People's Party. Concerns over ongoing Russia-Ukraine conflict and implementation of the EU's Green Deal are key issues facing von der Leyen's potential re-election.
Source: YAHOO
Reported 9 months ago
Huang Yanhong and Zheng Yuping/Taipei report on June 28, 2024, 4:10 PM, after the first TV debate between Trump and Biden in the U.S. presidential election, financial institutions believe that regardless of who wins, short-term U.S. stocks may fluctuate, but in the long run, the consensus on rate cuts won't change, differences only lie in the speed of rate cuts, which is bullish for the stock market. Market interpretations of the debate favor Trump, adding to his short-term polls, but the impact on stocks in both Taiwan and the U.S. is minimal, with the focus on upcoming inflation and employment data, CPI, and the Fed's stance on the data. However, post-debate, Trump's chances of winning have increased, potentially causing short-term market volatility if the election favors him, with the potential for increased tariffs on Chinese goods. Overall, regardless of the election outcome, rate cuts are certain, leaning towards a 'dovish' stance in the long run.
Source: YAHOO
Reported 9 months ago
In the first presidential debate ahead of the 2024 US election, Trump's performance was deemed better than Biden's, causing a temporary rise in the US dollar. Financial markets predict that if Trump returns to the White House, it could benefit both US stocks and the US dollar. However, his tariff and trade policies may lead to an increase in US bond yields. Trump-founded Trump Media & Technology Group's stock also surged by 8%. Experts believe that Trump's re-election would lead to an increase in deficit due to tax cuts, higher risk premium from uncertain trade policies, and a rise in European defense spending. A survey by Goldman Sachs with 800 global institutional investors concluded that regardless of the party in power, increased government spending would negatively impact the bond market, a Trump victory would benefit the stock market, and a Democrat administration might lead to a weakening US dollar.
Source: YAHOO
Reported 9 months ago
Big Leaf University was granted funding by the Ministry of Education as part of the 'College Student Bilingual Learning Project' for the academic years 112-114, and hosted a 5-day EMI professional teacher training course from June 24 to 28 to enhance the internationalization of the campus. The university plans to promote EMI courses in response to the government's '2030 Bilingual Policy,' fostering an English learning environment, enhancing students' English proficiency through activities and curriculum improvements. The EMI training, in collaboration with the Airborne English Classroom Education Group, covers various areas such as establishing bilingual teaching philosophies, designing effective course activities, integrating technology tools in teaching, practical language application, and supervised teaching trials for participants.
Source: YAHOO
Reported 9 months ago
台北報導指出，半導體測試大廠京元電因AI應用與晶片需求增加，預計明年AI GPU與ASIC業務營收比重將提高至3成以上。法人看好京元電未來營運，特別是在AI相關半導體測試領域。京元電接到輝達AI晶片訂單，預計明年將帶來顯著的營收增長。
Source: YAHOO
Reported 9 months ago
Chung Wen-Lung, the general manager of Carbon-Based Technology, confirmed his status as a veteran by pulling out his senior citizen card on June 28, 2024, reflecting on his vision since founding the company in 2007. Even after retiring from the state-owned Han Xiang Aviation, he still held onto his ambitious 'flying dream' and gathered like-minded partners to invest in the limited resources in Taiwan and build up aviation capabilities for the 'Taiwan team.' Over the past 20 years, Chung has seen the potential and vision of the drone industry, steadily working towards innovation and never being content with the status quo. Under Chung's leadership, Carbon-Based Technology has not only solidified its position in military drones but has also diversified into various applications like unmanned boats, underwater drones, space composite materials, and green energy. Chung emphasizes the importance of continuous innovation and challenging oneself, urging employees to break through limitations and pioneer the future of the industry.
Source: YAHOO
Reported 9 months ago
Yaohua's first-quarter low-orbit satellite (LEO) panel orders have exceeded expectations, accounting for over 15% of the total. The company will introduce a second LEO satellite customer, with expectations for volume growth in the third quarter. Yaohua anticipates further growth in average gross margin for the second quarter due to increased production capacity and higher ASPs of new models. Additionally, the company is optimistic about the high-growth potential and demand in the low-orbit satellite market, aiming to secure additional supply chain partners beyond its current main suppliers, WUS Printed Circuit (2313) and itself.
Source: YAHOO
Reported 9 months ago
After coming out of the shadow of pandemic insurance policies, property insurance companies in Taiwan significantly increased their capital investment in the first quarter, with 14 domestic property insurance companies still allocating more funds to fixed income than stocks. They mainly increased investments in high-yield corporate bonds or high-yield stocks. The industry expects record-breaking investment returns to boost profits in the first half of the year. With most property insurance companies notably increasing their domestic investment positions, the industry saw a total capital investment increase of over NT$8.4 billion in the first quarter.
Source: YAHOO
Reported 9 months ago
MSI's operational performance is expected to stabilize and maintain the year-on-year growth trend in Q2 according to analysts. Anticipating the gaming PC market demand to remain strong, the company is optimistic about its annual operational growth. As NVIDIA's biennial GPU overhaul in the second half of the year is expected to stimulate the gaming upgrade trend, along with the expansion of AI applications benefiting the PC market, MSI aims to continue its operational growth throughout the year. With the traditional peak season for the PC industry in Q3, boosted by the latest processor platforms from AMD and Intel, as well as new GPU releases, the company foresees a significant increase in shipment and profitability. Analysts predict that MSI's revenue and profits in Q3 will experience double-digit growth both annually and quarterly, reaching a peak in annual operations and possibly challenging a revenue in the two-digit billions, extending growth momentum into 2025.
Source: YAHOO
Reported 9 months ago
鑽全宣布每股配發現金股利2元，並在股東會中全面改選6席董事、3席獨董，推舉賴伯彥續任董事長。公司指出建築用氣動釘槍需求回溫、自行車零件訂單及出貨緩步回升。去年鑽全因客戶去化庫存而營收及獲利下滑，28日股東會通過配發現金股利，股息配發率為74.91％。
Source: YAHOO
Reported 9 months ago
Pharmaterials (6446) saw its stock price rise to a 18-month high at 567 yuan and close at 560 yuan with a 2.94% increase on June 28, benefiting from the advanced progress and better-than-expected enrollment in two clinical trials of the new drug Ropeg in the United States and Canada. The company's revenue has seen a significant increase due to the successful sales of the rare blood cancer drug Ropeg in the US market, with an 89.3% year-on-year growth in revenue in the first five months of the year. Pharmaterials continues to achieve positive results in drug certifications, recently obtaining certifications in Singapore and Malaysia, while also benefiting from a new policy in Japan that allows patients to self-inject Ropeg with a 90-day supply at once, contributing to future growth prospects.
Source: YAHOO
Reported 9 months ago
Google's in-house developed mobile chip has made significant progress as reports from the supply chain indicate that Google has partnered with TSMC to produce the Tensor G5 chip for the Pixel 10 series. The Tensor G5 chip marks Google's first fully independent design and utilizes TSMC's latest 3nm process technology, expected to greatly enhance chip performance. This move not only challenges iPhone's dominance but also signifies TSMC's success in the 3nm process. The development of Tensor G5 is a crucial milestone for Google, allowing them to have full control from chip to operating system, apps, and devices, enhancing their competitiveness in the smartphone market, especially in AI capabilities.
Source: YAHOO
Reported 9 months ago
The franchisee of the Yongqing Real Estate Shulin Baoan Fuxing Branch, Zhu Zhongshun, emphasized the importance of transportation routes when buying a house in Shulin on June 28, 2024. Local residents prefer taking trains over the metro for commuting, making areas near railway stations the top choice despite higher property prices. Future considerations also include locations near the Wan Da Line MRT station, but noise issues due to the elevated design should be taken into account with a preference for residential units facing away from the tracks. Honest advice helps resolve issues for both buyers and sellers, ensuring transaction security.
Source: YAHOO