Reported 12 months ago
Saudi Aramco and Abu Dhabi National Oil Co. are reportedly exploring potential bids for Santos Ltd., showing interest in the Australian company's LNG assets. The stock of Santos rose by 6.5% in Thursday trading, reaching a two-year high, and closed up by 4.2% in Sydney. Aramco and Adnoc are evaluating Santos as a potential acquisition target, considering the increasing importance of natural gas in the energy transition, with deliberations ongoing and no final decisions made yet. Santos has faced failed takeover attempts and pressure from investors to unlock higher valuations by separating its LNG assets from other businesses.
Source: YAHOO
Reported 12 months ago
The US Department of Commerce revealed on July 3, 2024, that the US trade deficit continued to widen to a new 19-month high in May, with both imports and exports of goods and services declining. The trade deficit in May grew by 0.8% to $75.1 billion, surpassing the market estimate of $76.2 billion but higher than the revised $74.5 billion in April. The deficit with Mexico surged from $13.7 billion in April to $14.8 billion, with China from $20.1 billion to $24 billion, while Europe decreased from $25.9 billion to $22.7 billion. May imports in the US dropped by 0.3% to $336.7 billion, offsetting growth in other import categories like cell phones. Exports also fell by 0.7% to $261.7 billion, mainly due to declines in industrial supplies and materials, fuel oil, and other petroleum products. The US trade deficit for goods only expanded to $1006.2 billion in May, higher than expected, with imports driven by food, feed, beverages, and capital goods, while exports were boosted by consumer goods and capital goods. The trade deficit for January to May 2024 increased by 4.2% compared to the same period last year, with exports and imports rising by 3.4% and 3.6% respectively.
Source: YAHOO
Reported 12 months ago
Shen Qingfang, Chairman of Zhen Ding-KY, mentioned that with the industry entering a peak season cycle, Zhen Ding maintained a revenue share of 36% to 40% in the first half of the year, expecting growth in the second half of the year. AI-related revenue is projected to grow from last year's 5 billion NTD to nearly 10 billion NTD this year, representing over a 5% share of total revenue. Zhen Ding, a leading PCB manufacturer, is actively expanding its AI applications in response to the generative AI trend, with operations in Taiwan, Shenzhen, and various other global locations.
Source: YAHOO
Reported 12 months ago
iRent近日在「2024臺灣服務業大評鑑」中連續第二年獲得共享機車類金牌獎，代表羅弘偉表示公司將持續追求創新卓越，以顧客體驗為首要，提供更佳服務。公司成立10周年，推出國旅集章活動，透過科技模式與APP功能提供全天候、隨租隨還便利租借，車隊逾1萬2,000輛，據點累積約2,000個，持續滿足會員需求，展望未來將推動智慧化城市發展，致力於提供更優質金牌服務。
Source: YAHOO
Reported 12 months ago
Apple is set to gain an observer seat on OpenAI's board as part of a cooperation agreement announced in June, aligning it with OpenAI's primary backer, Microsoft. This news, which follows a rise in Apple's stock, indicates that Phil Schiller, head of Apple’s App Store, will serve in this role. Though he won't have voting rights, Schiller's position allows him insight into OpenAI's decision-making. The arrangement is expected to take effect later this year, raising concerns about the dynamics between Apple and Microsoft during board discussions on sensitive AI projects.
Source: YAHOO
Reported 12 months ago
The 'Innovative x Sustainable Innovative Enterprise Matchmaking Event,' co-organized by the Gretai Securities Market and four major accounting firms, will be held on July 17 by Ernst & Young, providing growth opportunities for innovative enterprises and investors. With a focus on Sustainable Development Goals (SDGs) and ESG indicators, the event will showcase ten startups related to sustainability and ESG issues, such as sustainability reporting, ecological protection, smart gifting services, real estate services, green energy, smart power management, environmental-friendly music events, recycling plastic, paperless operations, and alternative protein manufacturing using microbes. The event aims to facilitate fundraising presentations, networking meetings between innovative enterprises and investors, and support innovative companies in entering the market, fostering sustainable development and growth.
Source: YAHOO
Reported 12 months ago
At the '2024 Taiwan Service Industry Grand Evaluation' awards ceremony held by Business Weekly on July 3, 2024, Vice President Xiao Meiqin attended as the guest of honor, and National Taiwan Life Insurance's Senior Vice President Wang Liqiu accepted the award. National Taiwan Life Insurance, known for its customer-centric approach and commitment to promoting inclusive finance, became the only company in the life insurance industry to win the Gold Award for eight consecutive times. The company's focus on providing 'just right' services to every customer led to accolades such as the 'Service Vanguard Award' for the friendly service provided by customer service representative Chen Guanjun. Wang Liqiu emphasized the importance of accessible financial services through user-friendly digital technology and measures to ensure elderly and vulnerable groups can easily access financial services. By collaborating with professional associations, National Taiwan Life Insurance offers services like sign language video services and multilingual translation services at its service points, enhancing financial inclusion for all customers. The company's dedication to customer-centric practices and creating a diverse and inclusive work environment sets a standard for service excellence and professionalism in the industry.
Source: YAHOO
Reported 12 months ago
As supply chain recovery and rising prices push up global car manufacturers' 'profit per car' (the net profit earned per car sold), in the fiscal year 2023 (April 2023 to March 2024), among 12 major global car manufacturers, 9 saw an increase in profit per car, with Tesla leading the pack. Tesla's profit for selling one car can match that of Chinese brand BYD's profit for selling 5 cars, with Tesla earning around 22.2 thousand New Taiwan Dollars per car sold, while BYD earns around 3.9 thousand New Taiwan Dollars. This data was derived by dividing net profit by global sales volume for the top 10 revenue-generating car manufacturers and Tesla and BYD, showing Tesla's profit per car at 1.11 million Japanese Yen (approximately 22.2 thousand New Taiwan Dollars), more than 5 times that of BYD. Other car manufacturers mentioned in the report include Mercedes-Benz, BMW, and Toyota, with Tesla surpassing them all in profit per car sold.
Source: YAHOO
Reported 12 months ago
On July 3, 2024, another fishing boat dispute between the two sides erupted as the Penghu fishing boat 'Da Jin Man 88' was detained by mainland Chinese coast guards near Kinmen on the evening of July 2. The boat carried two Taiwanese and three Indonesian crew members suspected of illegal fishing and is currently being held by the Fujian coast guard. The Mainland Affairs Council stated they will seek an explanation from the mainland promptly to dispel unnecessary speculation. Mainland authorities claimed the boat violated seasonal fishing regulations, operated within a prohibited trawl fishing area using nets smaller than the minimum size stipulated by China, causing harm to marine resources and the environment. The boat also reportedly attempted to disrupt law enforcement operations, prompting warnings and expulsion by the coast guard. The Council aims to secure the safe release of the crew and vessel after clarifying the situation and procedures in accordance with relevant regulations. The incident took place in an area where fishermen from both sides traditionally operate, with Taiwan urging respect for its fishing rights. Security officials pointed out that the boat was operating in waters near Fujian, outside Taiwan's jurisdiction and during China's fishing moratorium, posing a risk of violating Chinese regulations.
Source: YAHOO
Reported 12 months ago
At the 2024 Taiwan Service Industry Evaluation Awards hosted by Business Weekly on July 3, Far EasTone Telecom received the Gold Award for Telecom Retail Chains for the 13th consecutive year, making it the only company in Taiwan to achieve this. The company's General Manager, Jing Qi, emphasized the dedication of their frontline staff and various departments for providing professional and empathetic service, integrating technology to enhance customer experiences like utilizing AI during the Asia Pacific Telecom merger. Far EasTone aims to connect, optimize and innovate in their services while focusing on fairness and friendliness, earning accolades for their all-encompassing customer experiences and sustainable practices.
Source: YAHOO
Reported 12 months ago
The stainless steel market is showing signs of a turnaround, with the recent stabilization of nickel ore prices and the rebound of stainless steel prices in China. However, Taiwanese manufacturers are still struggling with high inventory and costs, leading to a cautious outlook on the future market. Despite the price hikes in the first quarter due to rising nickel ore prices, the second quarter saw a reversal in nickel prices, forcing stainless steel plants to adjust product prices. Market observers believe that the recent stabilization of nickel prices and production cuts in mainland China could lead to a more positive market outlook, but Taiwanese companies remain vigilant due to high inventory and uncertain demand.
Source: YAHOO
Reported 12 months ago
The '2024 Global Protection Insurance Consumer Survey Report' released by AXA Paris Insurance Group indicates that Taiwanese people have a stronger desire for better protection compared to other regions, with only 6% thinking their coverage is 'very comprehensive,' significantly lower than the Asian average (17%) and global average (14%). Concerns about loan repayments are evident among one-fourth of Taiwanese individuals, which aligns with the Asian average. Despite high awareness of the benefits of credit protection insurance like mortgage life insurance, the actual purchase rate remains low at 22%. This survey provides valuable insights for future insurance product development and understanding consumer behaviors and needs.
Source: YAHOO
Reported 12 months ago
Due to downstream manufacturers pulling in orders early, the panel market's peak season isn't as prosperous as expected. Senior analyst Chen Jianzhu from IDC mentioned that brands have reduced their orders for the third quarter, estimating around a 7% decrease in TV panel and monitor panel shipments, and a 1% decrease in laptop panel shipments. With reduced panel procurement, market prices are expected to loosen in July. Overall, the peak season in the second quarter will be the highest of the year, and TV and IT panel shipments are projected to decrease further in the fourth quarter.
Source: YAHOO
Reported 12 months ago
On July 3, 2024, at 4:10 pm, CTBC actively participated in sustainability by supporting the establishment of a seagrass restoration gene bank by the Penghu Fisheries Research Center. Directors and executives of CTBC visited a seagrass restoration area in Penghu and planted 1,500 seagrass plants, released 50,000 farmed swimming crabs, and joined in marine conservation activities to support UN Sustainable Development Goal 14. CTBC's focus on charity, sports, anti-drugs, education, and arts, along with its commitment to environmental and biodiversity issues, was highlighted. Through various initiatives, CTBC aims to cultivate sustainable awareness, protect marine ecosystems, and promote eco-conservation concepts.
Source: YAHOO
Reported 12 months ago
With the widespread adoption of edge computing and AI technology, 'Edge AI' has become a key technology for the automation and intelligence of manufacturing processes. Quansun Technology, originating from the research team at Yang Ming Jiaotong University, has developed an intelligent application control solution for edge AI and computing platforms named OOS (OPrueba Orchestration System), simplifying the management of tens of thousands of machines and equipment in manufacturing sites. The OOS platform can assist independent software vendors (ISVs) in integrating the interfaces required by terminal equipment quickly, including Ethernet, Wi-Fi, 4G/5G mobile communication, and IoT interfaces such as RS-232 and RS-485. Quansun Technology CEO, Ju Hong-xiong, mentioned that the architecture of OOS not only leverages the low-latency characteristics of edge computing, but also shortens time to market, reduces CAPEX by 50% and OPEX by 80%, and efficiently enables a small number of individuals to manage over 10,000 devices and services. Quansun Technology has collaborated with Intel, Palo Alto Networks, CTOne, Yidat, and New Han earlier this year to deepen integration in the fields of information security, image monitoring, and AI inference, simplifying the execution and deployment between IT and OT, enhancing flexibility in the deployment and operation of smart factories, smart agriculture, and smart cities. In order to expand its market presence, Quansun Technology has actively participated in exhibitions such as CES, MWC, and Embedded World this year to enhance international visibility and plans to explore overseas markets such as Singapore, Vietnam, Japan, Europe, and North America.
Source: YAHOO
Reported 12 months ago
Chinese electric vehicle brand BYD has been expanding its presence in the global market, surpassing Tesla in sales in the fourth quarter of 2023 to become the largest electric vehicle manufacturer worldwide. Market research firm Counterpoint Research predicts that global electric vehicle sales in 2024 will exceed 10 million units, with BYD's market share expected to grow significantly and surpass Tesla. The report also highlights China's dominance in electric vehicle sales until 2027, with expectations that Chinese electric vehicle sales will be four times higher than North America in 2024.
Source: YAHOO
Reported 12 months ago
In Taipei, on July 3, 2024, at 4:10 PM, the Taipei Exchange introduced the '2024 Online Interactive Game to Prevent Financial Investment Fraud', aiming to raise public awareness on fraud prevention in a fun way. Participants have the chance to win NT$100 convenience store vouchers by playing the game. The response to the activity, launched on June 24, has been enthusiastic, with four weeks remaining. The Taipei Exchange invites everyone to participate through their website to experience the game firsthand.
Source: YAHOO
Reported 12 months ago
On July 3, 2024, King Yuan Electronics saw a significant stock surge of 5.38% after a series of declines, driven by market optimism surrounding TSMC's upcoming earnings call on July 18 and its continued expansion plans. The semiconductor supply chain company, Xinyu Applied Materials, is predicted to benefit from TSMC's growth, with first-quarter revenues up 6.49% and forecasts suggesting an annual revenue growth of 18% in 2024. Both companies are capitalizing on the AI demand, with King Yuan Electronics expected to gain substantial revenue increases from AI-related projects.
Source: YAHOO
Reported 12 months ago
Despite a slight decrease in delivery volume for Tesla in the second quarter, the drop was less than market expectations and beat its competitor, BYD, securing its position as the world's leading electric car maker. CEO Musk's warning to short-sellers, coupled with optimism about resolving self-driving issues and producing the Optimus robot, drove Tesla's stock price up by 10.2% to $231.26 per share on July 2, increasing its market value by over $60 billion to $724.6 billion. The company announced global deliveries of 443,956 vehicles in Q2, surpassing expectations of 420,000 vehicles and BYD's 426,039 vehicles. Tesla's production volume was 418,316 vehicles, a 14% drop from the previous year but seen as a positive sign to address inventory backlog due to slower sales. Tesla's growth slowdown reflects challenges in the electric car sector, with competitors launching new models and reducing prices but facing lower-than-expected demand. Musk's investments in developing cost-effective vehicles and betting on robots and self-driving tech present his biggest test yet as he aims for significant returns. Analysts remain optimistic, with Tesla's target price raised to $300 and potential to reach $400, indicating a growth potential of about 70%. The second-quarter delivery performance suggests Tesla may have passed its worst phase, and positive changes in demand are expected by late 2025, with Tesla's AI value likely exceeding $1 trillion, making it a highly underestimated AI brand.
Source: YAHOO
Reported 12 months ago
On July 3, 2024, financial authorities in Taiwan emphasized the importance of cross-agency collaboration to guide life insurance funds to invest in public construction projects. The authorities highlighted the need for suitable investment targets with stable cash flows and returns, as well as appropriate investment methods to meet the insurance industry's expectations of a 3% to 4% return rate. Efforts are being made to address challenges such as insufficient project sources and optimize regulations to increase investor confidence.
Source: YAHOO
Reported 12 months ago
China's service industry sees a slowdown with the Caixin China released a PMI of 51.2 in June, dropping 2.8 points from May, the lowest since November 2023. This weaker market confidence is attributed to the slowing service sector growth. While service industry demand and supply continue to expand in June, the pace has slowed down, with new order and employment indices declining, pushing businesses to cut costs by laying off staff. Rising costs like raw materials, labor, and transportation expenses also contribute to the overall increase in service industry costs.
Source: YAHOO
Reported 12 months ago
Market anticipation of a Federal Reserve rate cut in September 2024 has driven investors to buy into bond ETFs, with 19 bond ETFs attracting over 1.65 million beneficiaries. The slowing US economic data and cooling inflation figures have led to the Fed keeping interest rates steady, fueling expectations of a rate cut in September and making investment-grade bonds an attractive option. Long-term corporate bond ETFs remain popular, especially with the potential for future rate cuts.
Source: YAHOO
Reported 12 months ago
TaiGang University recently held the graduation ceremony for the 113th batch with the theme 'Eagles Soaring High, Roaming Thousands of Miles,' symbolizing the graduates' academic achievements and readiness to spread their wings like eagles into new life journeys. President Chen Tianhui encouraged the graduates to expand their horizons, reflect on their shortcomings, and learn from others, emphasizing the importance of self-reflection and striving for perfection. Outstanding graduates were recognized for their academic, leadership, and community service accomplishments, showcasing the university's commitment to education quality. Chairman Lin Huizheng expressed the university's focus on assisting all students in need, emphasizing the 'Eagle Project' to support and empower students in their educational and career paths comprehensively.
Source: YAHOO
Reported 12 months ago
In Taipei, Chen Xinwen reported on July 3, 2024, at 4:10 pm that the launch of ChatGPT at the end of 2022 ushered in the new era of AI in 2023. With the increasing penetration of AI applications, the stock market embarked on a major bullish trend driven by AI stocks. Investors can seize the AI long-term upward trend by forming a strong asset allocation through quality active and passive funds. Noteworthy funds include the globally top-performing Uni-Global New Technology Fund and 121 listed prototype stock ETFs in Taiwan, with some seeing over 100% gains. These funds, targeting tech giants, offer a convenient way to capture the AI bullish trend effortlessly. According to statistics as of the end of June, the top ten global technology stock funds have seen returns ranging from 72% to 105% since the AI era began, with Uni-Global New Technology Fund leading at 105.28% and others displaying remarkable performances. Emphasizing the favorable economic outlook, upcoming earnings reports in July from AI and semiconductor giants are anticipated to drive further growth in the tech industry. Despite the rise in tech stocks this year, the widespread adoption of AI applications has led to increased profitability among companies, making stock valuations appear reasonable. Anticipated rate cuts and improved market liquidity are seen as catalysts for a continued bullish market, challenging any downturn expectations.
Source: YAHOO
Reported 12 months ago
According to the latest polls, the ruling Conservative Party led by Prime Minister Sunak may face a major defeat in the upcoming UK general election on July 4, with only 64 seats left, the lowest since the party's inception. The opposition Labour Party is expected to sweep 484 seats, breaking the 1997 record. Surveys indicate a significant lead for Labour over the Conservatives, with Labour potentially receiving over 20% more support. The Conservative Party may only achieve 20% of the popular vote, less than half of their 43.5% in 2019, marking the lowest in modern British history. Labour, led by Keir Starmer, is poised to win overwhelmingly, potentially securing 484 seats, over 159 more than the majority threshold, surpassing Tony Blair's 1997 record. In contrast, after 14 years in power, the Conservative Party may suffer a drastic decline in seats from 344 to 64, barely above the forecasted 61 seats for the centrist Liberal Democrats, creating a humiliating scenario unseen since the party's formation in 1834. The right-leaning UK Reform Party is expected to win 7 seats. Despite the Conservatives' dire prospects, Prime Minister Sunak vowed to continue campaigning fiercely, with former PM Johnson also rallying support for the party. However, political analyst John Curtice cast doubts on Sunak's chances, suggesting his re-election odds are slim. Recent polls show Sunak is the least popular incumbent PM in 50 years, with 75% of respondents deeming him unfit for the role.
Source: YAHOO