Reported 9 months ago
Following the Japanese yen hitting a 38-year low against the US dollar on June 27, 2024, affecting the overall Asian currency trend, Taiwan Shin Kong Chief Economist Lee Chen-yu analyzed three key factors. He mentioned that if the US starts cutting interest rates in the second half of the year, the US dollar bullish trend weakens, the yen will strengthen, with a potential to return to around 157 yen. Other factors include the outcome of Macron's election in July stabilizing the euro and bringing the yen back to 155, and the domestic political struggles in Japan affecting the yen's performance. The yen's future is dependent on US PCE data and Macron's election results, with scenarios ranging from yen strengthening to further decline if certain conditions are met. The overall Asian currency depreciation remains uncertain with potential influences from US elections and China's policy decisions.
Source: YAHOO
Reported 9 months ago
Micron CEO Sanjay Mehrotra is optimistic about AI demand driving a wave of PC upgrades, revealing that major PC and smartphone manufacturers are already hoarding chips in response to rising prices. To meet AI demand, Micron is actively building factories, with capital expenditure expected to increase significantly starting from September this year. With AI demand boosting sales of Micron's high-bandwidth memory chips (HBM), the company saw a turnaround from loss to profit last quarter. Micron expects record revenue next year thanks to the expanding AI demand, as well as anticipating significant growth in DRAM and NAND chip demand.
Source: YAHOO
Reported 9 months ago
Chinese tech giant Huawei is facing challenges in expanding production capacity of its second-generation AI chip, the Ascend 910B, designed to compete with Nvidia's A100. Despite initiating production at chipmaker SMIC over half a year ago, the yield rate remains around 20%, with frequent equipment malfunctions severely limiting output. The US export restrictions and equipment supply disruptions have also hampered production goals. Huawei's plans to launch an upgraded version, the Ascend 910C, in September and a 5nm AI chip next year may face obstacles. The overall trend indicates China's semiconductor self-sufficiency aspirations being hindered by various factors, impacting other local tech giants like Alibaba, Tencent, and Baidu, as well as government data center projects.
Source: YAHOO
Reported 9 months ago
夏普27日宣布由鴻海董事長劉揚偉接任夏普會長一職，以加速與大股東合作並推動公司轉型。新的董事組合和執行董事制度旨在強化公司治理，推動資產合理化、品牌事業和新產業的發展。劉揚偉透露夏普將轉型為AI數據中心，推動輕資產化目標。劉揚偉強調鴻海將協助夏普經營團隊，並提供經營建議以因應市場變化。
Source: YAHOO
Reported 9 months ago
As the weather heats up, the stock prices of heavy electronics companies are rising, with Asia (1514) receiving UL certification in the United States for its products. Coupled with overseas semiconductor manufacturers' experiences in exporting heavy electronic equipment and the ability to expand into foreign markets, analysts rate the company as a 'buy.' Asia's EPS for the first quarter is 0.89 yuan, up 48.33% year-on-year, with projected profits expected to grow each quarter. The company has orders visible until 2028, with a chance to exceed last year's revenue and profits. Orders include those from Taiwan Power Company's resilient grid project, overseas factory construction orders from major chip manufacturers, and business expansions into AI cloud data centers and large solar inverters, all contributing to boosting Asia's revenue.
Source: YAHOO
Reported 9 months ago
The Asian Biotech Conference is set to take place from July 24 to 28, 2024, with the forum expanded threefold, reaching a new record with a total of 900 companies participating and over 2,200 booth spaces. More than 500 domestic and international buyers have already signed up for one-on-one business matching. The conference aims to boost Taiwan's biotech industry visibility through international cooperation and create new business opportunities. At the 2024 conference, three major forums will be held concurrently, focusing on innovation in technology, investment peaks, and regional cooperation.
Source: YAHOO
Reported 9 months ago
National Life announced on June 27, 2024 that it successfully priced a 10-year senior unsecured corporate bond amounting to $600 million through its wholly-owned subsidiary Cathaylife Singapore in the international market. The bond issuance was oversubscribed three times, setting a record for the first Taiwanese insurance company to issue USD bonds in the global market. With the goal of increasing capital diversification and optimizing costs, National Life plans to continue overseas fundraising to tap into the growing appetite of international investors.
Source: YAHOO
Reported 9 months ago
The positive wealth effect from the rising stock market has boosted people's confidence to engage in leisure activities. According to the latest statistics released by the Ministry of Finance, entertainment tax revenue for the first five months of this year reached NT$8.6 billion, setting a new high for the same period in previous years. Taipei, Taichung, and Kaohsiung all achieved record-high tax revenues during this period, with Kaohsiung benefiting significantly from hosting multiple concerts. Various cities showed different main sources of entertainment tax, such as temporary performances, golf courses, claw machines, and electronic gaming machines.
Source: YAHOO
Reported 9 months ago
Taiwan Stock Exchange Chairman, Lin Hsiu-Ming, announced on June 27, 2024, the establishment of dual main boards focusing on innovation to shape three new economic industries: biotechnology and medical, digital cloud, and green energy conservation, in order to nurture unicorn industries. The stock exchange aims to promote the value of Taiwan's capital market, enhance international competitiveness, and boost the potential development of the country's new economic industries through innovative strategies and industry linkages.
Source: YAHOO
Reported 9 months ago
Yuan Yanshou/Taipei reported on June 27, 2024, at 4:10 PM, Far Eastern's new chairman Xu Xudong pointed out that the Olympics drive environmental recycling opportunities, expecting the revenue of green products in 2024 to reach a new high. Xu emphasized the company's focus on production, investment, and land development, with a strong commitment to transitioning towards green products, including setting a target to reduce carbon emissions by 50% by 2030 and investing in cutting-edge technologies like chemical textile recycling.
Source: YAHOO
Reported 9 months ago
TEL (Tokyo Electron) is the only company globally possessing deposition, coating/developing, etching, and cleaning four sequential process equipment, crucial for the wafer entering the EUV exposure stage. TEL has a near 100% market share in EUV sector, benefiting alongside EUV shipments. With a recent expansion of clean room facilities and collaboration with cutting-edge process developers, TEL aims to have the most advanced equipment worldwide. TEL's stock surged by 37% this year, reflecting its leading position in the industry.
Source: YAHOO
Reported 9 months ago
Yuanta Jin-ding Securities held a shareholders' meeting on June 27, 2024, with Chairman Zhou Xiuzhen and General Manager Li Wenzhu presiding. General Manager Li Wenzhu stated that Yuanta Securities has been working to improve its market share, moving up from seventh place in 2023 to sixth place and aiming to enter the top five securities firms. Looking ahead to the second half of 2024, the stock market is expected to continue trending upwards, but factors like a Fed rate cut, the U.S. presidential election, and geopolitical risks should be monitored. The shareholders' meeting approved the 2023 financial statements and a significant increase in cash dividends to NT$1.33 per share. Yuanta Securities plans to maximize profit distribution in 2023 and aims for stronger dividend performance in 2024. The company also passed amendments to the articles of incorporation to apply for engaging in futures trading. Yuanta Securities' main profits come from brokerage and proprietary trading, with brokerage activities benefiting from the high trading volume and client borrowing interest income reaching a new high of nearly NT$100 billion. Market sentiment is expected to support cash capital increases in 2024, and despite potential market fluctuations, geopolitical risks and other uncertainties, ETF purchases could boost company profits later in the year.
Source: YAHOO
Reported 9 months ago
An increasing elderly population in Taiwan is posing challenges for retirement planning and long-term care. Nan Shan Life Insurance promotes the concept of 'Active Aging' to encourage people to start financial and physical health planning early, aiming to maintain a high quality of life in old age. With Taiwan moving towards an aged society, the company is responding by offering insurance policies catering to the elderly, collaborating with health industry partners, and emphasizing health management to address the potential healthcare and financial risks associated with aging.
Source: YAHOO
Reported 9 months ago
On June 27, 2024, in Kaohsiung, Chen Jianyu reports that the Screws Association elected a new chairman, Cai Yongyu of Jinhe Enterprise. Despite an increase in export volume in May, the screw industry still faces challenges as major factories believe that European customers are weak in restocking, making it difficult to reverse performance by the end of 2024, with improvements expected only in 2025. The industry experienced a downturn in 2023 and although there was a slight recovery in the first half of 2024, it was not significant, with European and American customers adopting more conservative stocking strategies. The situation is expected to continue until the fourth quarter, with high shipping costs and low prices of screws from China impacting domestic businesses.
Source: YAHOO
Reported 9 months ago
First Securities' 'ETF IPO Online Subscription Zone' has recently launched, allowing customers to subscribe to newly issued ETFs through their existing Taiwan stock accounts without the need to open a wealth management account. This new feature eliminates time and space constraints, making investing more convenient and efficient. The online platform simplifies the subscription process into three steps and has already seen nearly 50% of ETF IPO subscribers using this online service within three days of its launch, indicating its popularity among investors.
Source: YAHOO
Reported 9 months ago
京城建設董事長蔡天贊表示，隨著台積電及其他科技大廠在高雄擴大投資，未來有大量的就業及居住人口遷入，預期至少有20年的繁榮景象。高雄房地產市場因此出現投資效應，價格量齊揚，今年京城建設營收雖年減24.54％，但有「新世界」個案完工，讓獲利狀況值得期待。高雄將迎來工業大城轉型為科技大城的重要里程碑，使高雄房市的未來更加令人期待。
Source: YAHOO
Reported 9 months ago
During a forum, TSMC Chairman Mark Liu expressed that the development of AI will bring numerous opportunities and revolutionize various aspects of life. Despite some fears similar to the early days of the industrial revolution, history shows that new technologies like AI not only accelerate economic growth but also improve people's lives. Liu emphasized that AI should be embraced as a partner rather than seen as a competitor, using examples like the introduction of ATMs which led to the growth of employment in addition to streamlining tasks for workers. He highlighted the potential for AI to surpass human intelligence in the future, urging for a proactive acceptance of AI's impact on society and technology in the coming years.
Source: YAHOO
Reported 9 months ago
In the shareholders meeting of Yunpao Energy (6869), General Manager Zhao Shumin reported that the company's solar photovoltaic and energy storage projects are progressing well, with new projects starting and completed projects entering the operational phase. The company's revenue is expected to show positive growth with continuous diversification efforts. Despite a slight net loss in May, Yunpao Energy's stock price has surged since its listing, climbing over 50%. The company acknowledged a strong financial performance in 2023, with a dividend payout ratio of 70% and cash dividend per share reaching 6.1 yuan. Yunpao Energy's focus on solar photovoltaics has led to successful operations of its subsidiaries. Looking ahead, the company plans to strengthen its business development and revenue momentum with a focus on renewable energy, energy storage, green energy trading, diversified layout in the circular economy, and expanding overseas markets.
Source: YAHOO
Reported 9 months ago
TOYOTA's official distributor, Hotai Motors, has launched the 'Visionary Celebration' event offering gifts worth over 150,000 yuan to customers purchasing specified models, including a 65-inch JVC TV, 0% interest up to 1 million yuan, 30,000 yuan for trading in old cars, and a 5-year/140,000 km warranty extension. Top-selling SUV models like RAV4, COROLLA CROSS, and YARiS CROSS are highly sought after due to their versatile features, fuel efficiency, and reliable customer service network across Taiwan, making TOYOTA a popular choice in both new and used car markets. This limited-time offer is drawing a large crowd, boosting overall market sales. Visit TOYOTA's official website or showroom for more details.
Source: YAHOO
Reported 9 months ago
Asia Tsugami Sushi announced plans to expand in Taiwan with a goal of reaching a total of 64 stores by the end of the year, growing at a rate of 5 to 10 new stores per year in the region. The company's chairman emphasized a focus on food safety, with efforts to strengthen various aspects of the organization. Despite challenges from recent food safety incidents, the company has reported a record revenue of 50.3 billion NTD and a net profit of 2.12 billion NTD in the previous year, showcasing resilience and a commitment to sustainable growth.
Source: YAHOO
Reported 9 months ago
According to the Paper Association's 2023 annual report released on June 27, 2024, Taiwan's paper and paperboard production in 2023 dropped to a near six-year low due to various challenges like interest rate hikes, geopolitical tensions, and weak demand, with total production at 4.09 million metric tons, a 3.6% decrease from the previous year. Despite this, the association is optimistic about steady growth in the paper industry in 2024 as the economy recovers. The association emphasizes the importance of transitioning to a low-carbon and intelligent industry for the future.
Source: YAHOO
Reported 9 months ago
Taiwan's stock market opened lower on June 27th due to the impact of the hawkish Federal Reserve. However, with buying support during the trading session, tech giant TSMC led the index to a final convergence of 80 points, closing at 22,905 points. The market is poised to close above the 'five lines' - the daily, weekly, monthly, quarterly, and semi-annual lines - with the expectation of returning to the 23,000 point mark. The second quarter saw a significant increase in the Taiwan stock market, setting the stage for a strong second half of the year. Despite challenges from the Fed and disappointing results from Nvidia and Micron shareholder meetings, the market showed resilience with support from institutional investors and local funds.
Source: YAHOO
Reported 9 months ago
Chai Hui-fang/Taipei reported on June 27, 2024, at 4:10 PM, highlighting the first shareholders' meeting of Jun Yang International, previously known for wool in the textile sector but shifted to construction stocks in July 2023. The meeting was hosted by Hou Jia-qi, a remarkable talent and founder of Guo Yang. With a strong demand in the market for factory offices, the company will focus on developing factory office buildings as its key products. Shareholders recognized the 2023 financial report, with annual revenue of 1.99 billion yuan, net profit after tax of 184 million yuan, and an EPS of 2 yuan. Jun Yang has been profitable for three consecutive years under the stewardship of Hou Xifeng, and the meeting approved a dividend of 0.3 yuan. The company aims to meet customer needs by timely completing projects such as factory office buildings and actively expanding into diverse markets such as urban renewal projects and land acquisition. Looking ahead, Jun Yang is confident and has outlined a long-term development plan focusing on joint development projects with strategic partners, talent acquisition, land acquisition, and participation in state-owned bidding projects and urban renewal programs in line with national policies.
Source: YAHOO
Reported 9 months ago
Schroeder Investment Trust and LINE Bank have joined forces to provide more convenient fund management services, aiming to tap into the online financial opportunities for Taiwanese. Through LINE Bank, customers can access information on popular funds offered by Schroeder Investment Trust with rare 'lifetime 0 handling fee' promotion, catering to the growing preference for sustainable and energy funds among Taiwanese investors. By leveraging the growing trend of energy transformation and the attractive valuation of energy stocks, investors are encouraged to consider participating in energy-related theme growth through regular investment to capture long-term returns amidst the global carbon reduction trend.
Source: YAHOO