Reported 9 months ago
On June 27, 2024, in the afternoon at 4:10, with a surge in green energy demand, the stock prices of renewable energy companies rose collectively, leading to a strong rebound in the long-depressed solar module factory stocks. Motech (6244) witnessed high fluctuations in stock price on the 27th, with a major buy order hitting, surging to the limit up at noon, closing at the limit up price of 31.9 yuan with a trading volume increasing to 42,700 shares. In the first quarter, Motech's revenue was 885 million yuan, a decrease of about 5% from the previous quarter and 35% year-on-year, with a gross profit margin of 21.98%, an increase of 4.4 percentage points from the previous quarter, and a net profit after tax of 126 million yuan, or 0.33 yuan per share. Motech stated that successful overseas market development, combined with effective cost control, boosted profitability in the first quarter. Looking into the second quarter, the overseas market still maintains certain momentum, and expectations are high for the new government to accelerate. For more news, refer to Commercial Times' report about Far EasTone establishing 5G Metaverse accelerator, multiple bullish signals, and foreign institutions guiding the Central Bank.
Source: YAHOO
Reported 9 months ago
台中高鐵娛樂購物城計畫商場更名為「D-ONE 第一大天地」，舉辦招商會吸引約2,000家廠商參與，有知名連鎖品牌鼎泰豐、豆府等加入。預計2026年底完工，整合高鐵、三鐵共構及商業、酒店、藝術等設施，打造中部最大的國際級商場。
Source: YAHOO
Reported 9 months ago
On May 15, amidst admiration for former Prime Minister Lee Hsien Loong, Singapore completed its leadership handover to the fourth generation. Under Lee Hsien Loong's 20-year tenure, Singapore's GDP grew from $115 billion to $501.3 billion, and per capita income increased from $27,600 to $84,700, ranking fifth globally. Singapore's stable political and economic environment led to it being the top business environment for 16 consecutive years, attracting significant FDI and propelling the nation into the league of advanced nations. Through innovative industry policies and strong governance, Singapore transformed from a small third-world country into a global economic and geopolitical player, excelling in sectors like semiconductor industry, maritime transport, and finance.
Source: YAHOO
Reported 9 months ago
The Financial Supervisory Commission recently held the 57th meeting and commendation ceremony for the general managers of domestic banks, where Land Bank received the 'Six Core Strategic Industry Outstanding Loan Award' for the second consecutive year. The bank was recognized for its outstanding loan performance in six core strategic industries, including information and digital industry, advanced cybersecurity industry, precision health industry in Taiwan, defense and strategic industries, green energy and renewable energy industry, and civilian and war readiness industry. This achievement was attributed to Land Bank's efforts to balance credit distribution, expand corporate lending capacity, and integrate ESG factors into investment and financing processes, positioning itself as a sustainable financial institution. The bank achieved a record-high pre-tax profit of NT$17.043 billion in 112th year, while maintaining good asset quality with a NPL ratio of 0.11% and a coverage ratio of 1,674.96%, both better than the industry average. Additionally, Land Bank played a significant role in policy loans for Taiwan's emerging low-carbon industries and small and medium enterprises, earning recognition from the Ministry of Economic Affairs for its outstanding performance in post-pandemic recovery financing services. The bank also demonstrated its commitment to sustainability by adhering to the Equator Principles, supporting TCFD-related financial disclosures, and verifying greenhouse gas emissions at domestic and overseas operations, earning ISO 14064-1 certification. Land Bank's dedication to customer service, support for the sports industry, and consistent ranking in the top 25% of banks for fair customer service principles and receiving the 'Sports Promoter Award' from the Ministry of Education for 15 consecutive years further highlight its contributions to the financial sector and society.
Source: YAHOO
Reported 9 months ago
Formosa Crystal Energy (6987) announced its entry into Taiwan's post solar storage market, launching various applications such as household energy storage, charging piles, rooftop energy creation, and microgrids in collaboration with partners. The company's chairman, Cai Jiajin, mentioned stable operations and plans to debut on the Taipei Exchange in Q3 and apply for listing next year. Despite a slow solar energy market in Taiwan this year, Cai emphasized the growing demand for green energy, urging the government to expedite land allocation for solar energy projects to maintain competitiveness in the industry.
Source: YAHOO
Reported 9 months ago
NVIDIA's CEO Huang Renxun presented the company's strategy to reinforce its leading position in the AI sector, shifting focus from gaming to data centers and exploring new markets like industrial robotics. Huang mentioned facing challenges from competitors in the AI chip market, but emphasized NVIDIA's advantage based on strategic investments made over a decade ago. Despite a flat stock performance, NVIDIA has seen over 200% growth in its share price over the last year, reaching a market cap of 3 trillion USD. Huang also highlighted plans for collaborations with computer manufacturers and cloud providers to maintain their market leadership.
Source: YAHOO
Reported 9 months ago
Starting on July 1, the Full Payment Insurance will adopt the Actual Payment policy instead of the Previous Payment policy. Modifications to the policy terms and accompanying documents will come into effect on October 1. The Financial Supervisory Commission announced that from July, new Full Payment medical and injury insurances purchased by the public will only allow Actual Payment for claims. While most current Full Payment life insurances already use the Actual Payment method, there will be a transition period for adjustments to terms and conditions before the full implementation in October. Two major types of insurances, medical and injury medical insurances, need to be reformed in July, with most companies having already shifted to Actual Payment, affecting only a few policies. There are still a couple of life insurance companies accepting Previous Payment for certain Full Payment medical insurances, but these policies will all switch to Actual Payment in July. Several insurance companies have already communicated the cessation of sales for policies with Previous Payment components by June 30 and will introduce new Actual Payment policies from July onwards.
Source: YAHOO
Reported 9 months ago
Xunxi-KY (6451) held a shareholders' meeting on June 27, 2024, where Chairman Jiang Shangyi mentioned their focus on optical fiber transceiver modules, systems, and packaging, as well as their expansion into advanced packaging and silicon photonics. With their 800G CPO product passing customer verification and expected to enter small-scale production in July for AI high-end switches, Xunxi-KY aims to lead in next-generation products and trends, particularly in silicon photonics. They anticipate a growth in revenue from fiber optic transceiver modules and plan to introduce products for the 102.4T specification CPO by the end of next year.
Source: YAHOO
Reported 9 months ago
The world is currently facing unprecedented challenges in climate change, with global greenhouse gas emissions being a key factor in global warming. In response, various governments and international organizations are seeking effective emission reduction strategies. Carbon trading systems have emerged as a way to encourage companies to seek the most cost-effective emission reduction methods by placing a cap on total emissions and allowing market trading within that framework. The EU ETS is the world's largest carbon emission trading market, while the CDP actively encourages global companies and governments to disclose their environmental impacts and climate change strategies through detailed surveys. These mechanisms help internalize environmental costs, promote a lower carbon future, and drive the global green transformation forward.
Source: YAHOO
Reported 9 months ago
With the increasing demand for sustainable operations, the manufacturing industry is undergoing a wave of smart transformation, including the food processing industry closely related to consumer needs. Guolin Computing CEO Feng Huiyi emphasized the importance of digital and smart transformation in integrating production processes, SOPs, and internal data flows in order to monitor continuously, improve manufacturing efficiency and quality, and meet industry and customer demands. By utilizing their expertise in industrial IoT and cloud technology, Guolin Computing has successfully assisted the food processing industry in accelerating its upgrade through solutions like the '5G MR Food Processing Production Cloud War Room', providing an immersive experience using MR technology to understand key processing steps.
Source: YAHOO
Reported 9 months ago
On June 27, 2024, at 4:10 pm, Lin Yuanhui, the general manager of First Financial Life, applied for retirement, effective on the 28th. The board of directors of First Financial Life held a meeting on the 27th and approved Yang Qicai, the chairman, to act as the general manager, pending approval from the Financial Supervisory Commission's Insurance Bureau. Additionally, the new spokesperson will be Vice General Manager Chen Qiumian, effective on the 28th. Yang Qicai, who assumed the chairmanship in July last year, has a background in the financial industry and has held various managerial positions. In terms of financial performance, First Financial Life reported a profit after tax of 436 million NTD in 2023 and a profit in May of 41.48 million NTD. The company aims to strengthen profits, especially in non-bank subsidiaries like life insurance, by enhancing sales channels and adapting to market trends.
Source: YAHOO
Reported 9 months ago
円星科技（M31）在美國舉辦的第61屆設計自動化大會（DAC）上展示最先進的製程矽智財解決方案，以應對全球AI賦能趨勢，提高晶片計算密度和效能，強化人工智慧晶片運算能力。M31的技術行銷副總Jayanta Lahiri在演講中介紹M31的矽智財解決方案及豐富的合作經驗，以幫助客戶在高速發展市場中取得競爭優勢。
Source: YAHOO
Reported 9 months ago
CITIC Bank has won six awards from FinanceAsia, including Taiwan's Best Bank for the 22nd time, highlighting its support for clients in overseas financial services and its exceptional business performance. The bank was recognized for its role in assisting companies with global market trends, overseas supply chain financial needs, and sustainable finance initiatives, earning accolades in various categories at the FinanceAsia Awards 2024 in Hong Kong.
Source: YAHOO
Reported 9 months ago
In order to meet the demand for AI chips, TSMC continues to expand its CoWoS advanced packaging capacity. Chunghao (5443) has joined forces with other companies to form the G2C＋ industry alliance, breaking into the CoWoS equipment supply chain to capture a share of TSMC’s market. Chunghao, along with ZHISHENG and KUENHA, formed the G2C＋ industry alliance to provide one-stop services for semiconductor equipment and factory automation. With a focus on advancing packaging equipment and a strategic investment in Sun Moon Lake Semiconductor, Chunghao is expanding into the silicon wafer sector. Investments in next-generation display technologies like Micro LED will contribute to revenue growth, and with customers expanding capital expenditures, profits are expected to continue next year. Some customers are moving production back to Taiwan due to US-China tensions, resulting in the shipment of related equipment this year.
Source: YAHOO
Reported 9 months ago
《時代雜誌》公布2024年全球500大永續企業名單，中華電信成為其中之一，並獲選為全球永續企業中排名前2％，亞太地區電信業排名第一。中華電信在永續治理上表現卓越，被譽為國際標竿，並受到國際媒體高度肯定。公司致力打造幸福職場環境，提供豐富的福利措施，並推動數位平權政策，強化偏遠地區網路建設，助力多元族群共享數位環境。
Source: YAHOO
Reported 9 months ago
In response to new competition in the leisure resort hotel market in Yilan, Taiwan, the three major hotels in Jiaoxi have launched renovation projects to upgrade their facilities. The Jiaoxi Hotel, the first five-star leisure resort hotel in Yilan, completed its largest renovation project since opening by investing over 500 million NTD. Jiaoxi Gallant Spring Resort spent 200 million NTD during the 2020 pandemic to revamp their facilities, and Jiaoxi Evergreen Phoenix Hotel also initiated upgrades to its lobby, 5th-floor water area, and SPA area in the first half of the year. The hotels have reopened with new looks aiming to increase room rates and occupancy rates, fueling a fierce competition in the Jiaoxi leisure resort hotel market.
Source: YAHOO
Reported 9 months ago
In an effort to push the drone industry into the international market, Taiwanese drone manufacturers have come together to establish the Taiwan Drone Supply Chain Alliance, aiming to create the 'Drone Taiwan' brand and become a key player in the global industry. With the support of the central government, Chiayi County government is fostering a drone industry cluster, attracting global attention. President Lai Ching-te has set a goal for the drone industry to reach a production value of NT$40 billion by 2030, emphasizing the significance of drones in Taiwan's economic development.
Source: YAHOO
Reported 9 months ago
At the investors' conference held on June 27, 2024, the General Manager of Li-Jie (3444) stated that the company had performed well in the first half of the year compared to the same period last year. As the industrial order gradually recovers in the second half of the year, including the testing products, carrier boards, and proprietary products, all are expected to show stronger performance than in the first half, leading to a more optimistic year-on-year revenue growth. Various product lines like the thermally conductive sheet are expected to contribute to the revenue growth, indicating a positive outlook for the company.
Source: YAHOO
Reported 9 months ago
The first debate of the 2024 US presidential election is set to take place on June 28, with the economy being a key issue for voters deciding who will enter the White House. Nearly 90% of surveyed voters in a May poll by ABC News and Ipsos stated that the economy is the most important issue influencing their voting intentions in November. As the debate focuses on economic policies, the current state of the US economy, including a rise in unemployment rate and shortages in the job market, will be a central point of contention between Biden and Trump. The debate is crucial for both candidates' reelection chances, with around 60% of American adults expressing interest in watching the debate and following related commentary on candidates' performance through news and social media.
Source: YAHOO
Reported 9 months ago
To address loopholes, the Taiwanese government has implemented new regulations for housing loans, including stronger pre-loan reviews, post-loan management, and increased inspections. Starting immediately, new loan applicants are required to sign a 'self-occupancy undertaking' and a new clause limits each individual to receiving a loan only once. The Ministry of Finance will cross-reference data with the Ministry of the Interior to identify non-self-occupancy cases, cancel subsidies, and recover interest subsidies to ensure government funds are used appropriately.
Source: YAHOO
Reported 9 months ago
The yen-to-dollar exchange rate hit its lowest level in 38 years on June 27 at 160.88 yen, indicating a strong dollar and a depreciation trend in major Asian currencies in June, sparking concerns about an Asian currency depreciation war. Market observers are closely monitoring the People's Bank of China's active adjustment of the renminbi's midpoint price to prevent widespread Asian currency depreciation. Other Asian currencies have declined in June, with the yen leading the depreciation. The Renminbi continues to weaken, with the offshore rate dropping below 7.3 yuan, showing no signs of short-term convergence in the depreciation trend. The New Taiwan Dollar has remained resilient compared to other Asian currencies, with the Central Bank's cautious intervention preventing excessive depreciation. Observers suggest that a full Asian currency depreciation is a response to the overall economic situation, mainly driven by the strong US dollar, and the Renminbi's approach towards depreciation will be essential in determining the potential for an Asian currency depreciation war.
Source: YAHOO
Reported 9 months ago
Yulon Group is seizing the opportunity of electric vehicles, with Yulon Motor's Chairman Yen Chen Li-lian announcing at the shareholders' meeting that NISSAN's electric car ARIYA will be launched in July, enhancing the lineup of new energy vehicles. Yulon Motor's revenue in 2020 was 26.136 billion NT dollars, with a net profit of 1.161 billion NT dollars. The company aims for stable growth by improving brand value, product competitiveness, and service quality. Yulon Motor's revenue in Q1 2021 increased by 7.29% compared to the previous year, with a net profit of 599 million NT dollars, showing positive prospects for the full year performance.
Source: YAHOO
Reported 9 months ago
As the first half of 2024 comes to an end, the U.S. economy has shown better-than-expected growth while inflation is stabilizing. The focus is shifting towards political developments globally, with upcoming elections in France and the UK. Market volatility has increased due to uncertainties surrounding the U.S. presidential election. Apple's new AI solution, Intelligence, is anticipated to trigger early demand for iPhone upgrades, benefiting Taiwan's stock market. The collaboration between OpenAI and Apple is expected to advance AI applications, ushering in a new phase of AI development with the delay of OpenAI's GPT-5 model to 2025.
Source: YAHOO
Reported 9 months ago
Economic analysts De Leus and Gijsels recently highlighted escalating trade tensions among China, the US, and Europe in the electric vehicle and green energy industries in a published article. This has led to China exporting a large number of electric cars, impacting Europe's industrial heartland. To avoid sanctions from the US and Europe, China is now turning to establish factories or export in third countries, reshaping the global investment landscape. The ongoing trade wars between China and the EU are expected to spark mutual reactions, with tariff policies encouraging Chinese firms to build overseas factories. While facing losses in the US market, China's growth in other markets is offsetting the damage, as many US companies are relocating suppliers outside China to countries like Vietnam and Thailand, boosting Chinese exports to these regions significantly.
Source: YAHOO
Reported 9 months ago
Ying Wei Technology, a leading provider of semiconductor testing interface solutions, held its mid-year conference on June 27, 2024. Chairman Wang Jiahuang expressed optimism for the semiconductor industry entering an upturn cycle and actively expanding into AI and high-speed computing markets. With strong demand in AI, HPC, and 5G applications, Ying Wei expects continued growth in the second half of the year. Wang also highlighted progress in their Kaohsiung new factory, enhancing capabilities and services to meet evolving market needs, including the launch of advanced Wafer Level Chip Scale Co-Packaged Optics CPO Package testing systems.
Source: YAHOO