Reported 12 months ago
Yango (3622), an electrical machinery plant, is benefiting from Taiwan Power's Resilient Grid Plan, operating at full capacity with diversified development in the photovoltaic industry, as its Vietnam plant starts mass production, driving positive growth in performance. With substantial revenue growth in May, Yango's mechanical and electrical business outperforms its photovoltaic operations, maintaining production and delivery levels similar to last year throughout 2024. Orders from Taiwan Power are expected to support Yango's mechanical and electrical business development for the next decade.
Source: YAHOO
Reported 12 months ago
Despite significant fluctuations in July, the Taiwan stock market is predicted to remain resilient in the third quarter with support from the upcoming peak season for electronics, strong long-term demand for AI, and the Fed's expected interest rate cuts in the latter half of the year. Nomura Asset Management emphasizes a bullish market sentiment backed by positive fundamentals, industry trends, and capital flow, with a focus on sectors such as semiconductors, high-speed computing, servers, AI applications, power electronics, and green energy. The company anticipates continued growth driven by AI and technological advancements, particularly in the electronics industry. Additionally, Nomura is optimistic about industrial sectors like power electronics and green energy, as major US tech companies planning to establish operations in Taiwan are poised to boost local demand. The market outlook is positive, buoyed by the expanding AI trend and strong performance in the fundamental, industrial, and financial aspects of Taiwan's stock market.
Source: YAHOO
Reported 12 months ago
Chairman Xie Ruimu of Bode (4563) announced that recent orders mainly focus on the aerospace, energy, and wind power industries, with a backlog of over 1.5 billion NTD, showing growth compared to the same period last year. Despite a sluggish economy in the second half of the year, Bode's operations are expected to remain stable, with revenue and profits growing for the full year. Bode's first-quarter profit from core operations reached 59 million NTD, with an additional 21.1 million NTD from exchange gains, leading to an EPS of 0.83 NTD, surpassing competitors to become the profit leader in the machine tool industry. Xie mentioned that the depreciation of the yen poses a significant threat to Taiwan's machine tool industry, as Japanese competitors with competitive pricing due to the weakening yen. With increasing demand from the Chinese market, Bode plans to lease a factory in Zhongshan, Guangdong to commence production by the end of this year or early next year. The company's strategy in the Chinese market involves gradual production scale-up, initially focusing on small-scale production of at least 50 high-end milling machines annually, targeting industries such as aerospace, automotive, and molds, with expectations for mass production beyond 2027. For more Business Times reports: Approval of Environmental Impact Assessment Disputes at the Zhuke Copper Gong Park, 12 Stocks Witness Continuous Foreign Buying Amidst Component Shortages, Global Server Market Adjusted Down by 7%.
Source: YAHOO
Reported 12 months ago
Neil Shearing, chief economist at Capital Economics, predicts that the S&P 500 index will reach 7,000 points next year, driven by the enthusiasm of investors towards AI-related themes. This projection represents nearly a 30% increase from the current level of 5,475 points. Shearing warned that while AI innovations are creating substantial benefits, the market should be cautious of potential bubbles and the possibility of a subsequent market downturn. Despite the positive outlook on AI, there are concerns about overhype and inflated stock prices in this sector.
Source: YAHOO
Reported 12 months ago
As the Taiwan stock market enters a period of fluctuation around the 23,000-point mark on July 2, 2024, with increased volatility in tech stocks, non-tech stocks are gaining market attention. Analysts point out that for the second quarter, Hwa Hsin (1605) presents trading opportunities due to the rebound in nickel and copper prices from March to June. Additionally, investment advisors highlight Yang Ming (2609) as a favorable choice given the expected maintenance of high freight rates in July. Hwa Hsin is anticipated to see higher profits in the second quarter in its cable business due to strong domestic demand and rising copper prices benefiting inventory gains and improving gross profit margins.
Source: YAHOO
Reported 12 months ago
Goldman Sachs released a report on July 2, 2024, stating that global hedge funds sold off TMT (Technology, Media, and Telecommunications) stocks in June at the fastest rate since 2016, with the semiconductor sector being hit the hardest. While hedge funds were rapidly exiting the tech sector, retail investors continued to pour funds into major tech stocks like Nvidia. The report highlighted a significant net selling of US TMT stocks by hedge funds in June, with semiconductors and semiconductor equipment being the most sold categories, followed by software and internet stocks. This selling activity is indicative of asset managers becoming cautious of the high-flying tech stocks, with the trend towards a more conservative approach evident among fund managers.
Source: YAHOO
Reported 12 months ago
On July 2, 2024, the TUSA Badminton Team achieved remarkable success by winning a bronze medal each in the men's doubles and mixed doubles categories at the 2024 U.S. Super 300 Open, adding to their impressive medal tally of 5 gold, 3 silver, and 9 bronze medals in May and June. The new TUSA men's doubles duo of Chang Ke-Chi and Chen Hsin-Yuan, with heights of 193cm and 185cm respectively, continued their winning streak after triumphing at the Kaohsiung Masters. The team's mixed doubles pair Lu Chen and Lee Chih-Chen also delivered a strong performance, securing a bronze medal. The article also highlights other promising players in the TUSA Badminton Team and their upcoming competitions and training programs.
Source: YAHOO
Reported 12 months ago
The Shanghai Containerized Freight Index (SCFI) reported a 12.3% increase on the European route, reaching 5,353.02 points, marking a new high for the year. The index has been steadily rising for ten weeks, with a total increase of 151% from April 22nd to July 1st. Main contributing factors include several shipping giants announcing rate hikes for July shipments. This surge reflects tight capacity on the Shanghai to Europe route, with futures prices also reaching record highs. Shipping concept stocks in China saw a collective rise, with rates to European ports soaring to nearly $9,000 per 40-foot container from around $1,500 before the Red Sea supply chain crisis in November 2023.
Source: YAHOO
Reported 12 months ago
After inter-agency consultation, the government plans to adopt three major measures to attract life insurance funds into public infrastructure construction. These measures include promoting more public projects through the build-operate-transfer model to increase project sources, securitizing cash-flow-generating public infrastructure to expand financial product varieties, and establishing a single cross-agency window to help eliminate regulatory obstacles. The Financial Supervisory Commission has also set out six conditions suitable for insurance industry investments, such as strong self-liquidation ability, long-term stable cash flow, reasonable return rates, manageable investment risks, stable and predictable policies, and mature industry targets.
Source: YAHOO
Reported 12 months ago
Despite being affected by the Federal Aviation Administration's restrictions on Boeing's production increases, Resid Dragon remains optimistic about the long-term growth of the aerospace industry and is actively seeking new orders. The company plans to invest 700 million yuan to build a new plant in the Renwu Aerospace Industrial Park in Kaohsiung, with construction expected to be completed in the fourth quarter of next year. The new plant is estimated to contribute up to 3 billion yuan in revenue, and Resid Dragon has obtained various certifications and expanded its production equipment to enhance its market presence in Europe, America, and Asia.
Source: YAHOO
Reported 12 months ago
As of 4:10 pm on July 2, 2024, the US Treasury yield surged again, leading to a rebound in the US dollar and pushing the Japanese yen to further depreciate to 161.75 against the US dollar, marking a 38-year low. Vanguard, the world's second-largest asset management group, predicts that if the Bank of Japan's quantitative tightening measures announced at the end of the month fall short of market expectations, the yen may drop below the 170 level. The yen has continuously hit new lows, prompting Japanese Finance Minister Suzuki Toshikazu to express concern over the exchange rate but refrain from commenting on specific levels. Experts suggest that a lack of intervention by the Bank of Japan stems from the weakening yen, the rise in US Treasury yields, and Japan's delay in raising interest rates. Despite potential intervention, the market may perceive it as an opportunity to buy the dollar. Vanguard forecasts that if the Bank of Japan's reduction in bond purchases is less than expected, the yen could be pushed towards 170. This milestone would follow the yen's decline below 161. Koutny, Vanguard's International Interest Rate Director, noted that if the Bank of Japan only reduces its monthly bond purchases from 6 trillion yen to 5.5 trillion or 5 trillion yen at the July meeting, the yen may further depreciate towards 170. Reuters surveyed 19 banks, brokerages, insurers, and asset managers, with respondents expecting the Bank of Japan to reduce bond purchases by 16.1 trillion yen in the first year, bringing monthly purchases down to 4.65 trillion yen. In the second year, purchases will further decrease to 3.55 trillion yen per month. The survey was conducted from June 25 to July 1. Prior to announcing its quantitative tightening measures on July 31, the Bank of Japan will meet with bond market traders on the 9th or 10th to gather their views on the reduction plan.
Source: YAHOO
Reported 12 months ago
Recent positive changes in China's property-related policies, such as adjustments in down payment ratios, loan interest rates, and provident fund loan rates, have helped alleviate the poor sales performance and decreased turnover rates of property companies. Analysts believe that with the active support of policies, the future of Chinese stocks is promising. Sectors to watch include AI innovation, consumer goods, utilities, energy, and more, with a focus on long-term investments and sector diversification advised due to market volatility. Market participants are optimistic about the economic recovery and potential for A shares to attract international investors at currently low valuations. Anticipated policy reforms and improvements in profitability within China's stock market further bolster expectations for a positive market outlook.
Source: YAHOO
Reported 12 months ago
The US Supreme Court made a historic ruling on July 1 stating that Trump cannot be prosecuted for actions taken while in office as President due to immunity granted by the Constitution, but is not immune for non-official actions. This ruling increased the likelihood of Trump returning to the White House, leading to a sharp increase in long-term US bond yields. The favorable decision by the Supreme Court boosted Trump and the Republican Party's chances of winning the election, with Trump threatening to increase tariffs post-election which may reignite inflation. US 10-year bond yields jumped 13 basis points to 4.5% on the day, the largest single-day increase in a month, while 30-year bond yields reached their highest level since May 31. The nine justices of the Supreme Court voted 6-3 in favor of the decision, acknowledging immunity for official acts but not non-official actions. This is the first ruling of its kind in US history, and the lower courts will determine which of Trump's actions constitute official acts subject to immunity. Trump, 78, became the first former President to face criminal charges and be convicted. The case was remanded back to a lower court in Washington, indicating a slim chance of Trump being tried before the November election for his role in the January 6 Capitol riot. Following a favorable ruling from the Supreme Court after his debate performance slightly outshone President Biden's, the Trump camp is energized, with Trump stating on social media that it's a 'great victory for the US Constitution and democracy.' President Biden criticized the decision, warning of almost unrestricted presidential actions, establishing a dangerous precedent. Wall Street rate strategists advised clients to prepare for Trump's return to the White House, as his proposed tariffs and trade policies could fuel inflation and lead to rising long-term US bond yields. Georgetown University law professor and former White House Deputy Legal Counsel Cliff Sloan indicated that the ruling on July 1 favored Trump's candidacy.
Source: YAHOO
Reported 12 months ago
U-Ming's stock price surged as dry bulk shipping demand for South American grains, Brazilian iron ore, and West African bauxite increased, driving up freight rates. With bulk carriers in short supply and rates expected to rise further, U-Ming, the largest operator of Cape-size vessels in Taiwan, anticipates strong profits in the second and third quarters with additional dividends, as shipments of Brazilian iron ore and West African bauxite remain robust. The company's positive outlook is supported by the seasonally strong second half and bright annual revenue prospects. * [Warrant investment carries risks; information provided here is for reference only and not an invitation, solicitation, or recommendation. Readers are advised to make prudent decisions.]
Source: YAHOO
Reported 12 months ago
Jensen Kai reporting from Taipei on July 2, 2024, at 4:10 pm, Lyon Securities pointed out that Taiwan Semiconductor still holds a dominant position in Nvidia's supply chain, benefiting from strong ASIC demand, with a speculated fair stock price to reach 600 yuan; Macquarie Securities pinpointed that riding the AI wave with NAND, Unimicron's stock price is expected to reach 808 yuan. These two high-priced stocks, embracing the AI business opportunities, have received reiterated optimism from foreign investments, both rated 'outperforming the market,' signaling a return to a prosperous market outlook. Taiwan Semiconductor previously faced challenges due to worries about lost Blackwell server orders in favor of South Korea's Doosan, but Lyon believes these concerns have been reflected in the share price. Taiwan Semiconductor remains Nvidia's prominent supplier, particularly in the GB200 NVLink switchboard area, where it also gets 20% of compute tray orders as the second supplier. Additionally, Taiwan Semiconductor is set to benefit from Amazon Trainium2 ASIC servers, with main shipments starting in the latter half of this year. Lyon estimates that Taiwan Semiconductor's revenue contribution from AI servers in 2024 and 2025 will be 29% and 33%, respectively, with foreign estimates projecting a staggering year-over-year EPS growth of over 70% to 27.59 yuan in 2024 and further increases to 32.11 yuan and 34.6 yuan in 2025 and 2026. Unimicron, through aggressive R&D investments, has successfully transformed from a low-end consumer NAND supplier to a crucial supplier in industrial, automotive, PC, smartphone, and even server and AI sectors. In the short term, due to rising NAND prices and consistently exceeding 30% in gross profit margin for several quarters, Macquarie is optimistic that Unimicron's strong gross margin performance will continue into all of 2024. Furthermore, with improved product portfolios, the gross profit margin is anticipated to remain above 30% in 2025 and 2026. Foreign financial models for Unimicron indicate that its EPS is expected to double this year compared to the previous year, jumping from 18.6 yuan to 38.4 yuan, with estimates of 50.5 yuan and 61.8 yuan for 2025 and 2026, respectively. For more details, refer to the Commercial Times article on the 2022 tax reforms, the positive impact of 13 bullish signals, and foreign interests in the business world focusing on energy policies, with Liu Deyin advocating proactive deployment of electric power.
Source: YAHOO
Reported 12 months ago
Chunghwa Telecom announced a partnership with Japan's DOCOMO to establish a mutual points exchange mechanism, offering point accumulation benefits and exclusive discounts. This marks Chunghwa Telecom's entry into overseas expansion for the Hami Point ecosystem, starting in Japan. The collaboration allows users to exchange Hami Points for d Points, providing convenient and efficient point accumulation and redemption for traveling to Japan. Furthermore, a new 'Hami Japan Travel' service has been introduced to enhance the points application field, offering fast point accumulation, redemption, and up to 17% discount at popular stores. Additional promotions include point bonuses for purchasing specified brand products, as well as the opportunity to win prizes like round-trip tickets to Japan and Hami Point rewards. The 'Hami Japan Travel' service also offers discounts at various partner stores for shopping activities in Japan, while collaborating with well-known travel platforms to help members plan and earn Hami Points for international trips.
Source: YAHOO
Reported 12 months ago
The semiconductor industry has seen inventory depletion come to an end, with the second half of 2024 expected to bring a more significant industry recovery. Yung Chih (6683), a testing interface company, is poised to amplify its growth momentum, with market analysts estimating double-digit revenue growth for the company this year. Yung Chih's expansion plans and increased production capacity are seen as key drivers for growth next year, as the industry rebounds post-pandemic. Their focus on semiconductor testing board design and turnkey assembly manufacturing positions them well for continued success in the second half of 2024. Additionally, plans to relocate to a larger facility and expand production capacity further signal a promising future for Yung Chih.
Source: YAHOO
Reported 12 months ago
On July 2, 2024, at 4:10 p.m., PChome Online Inc. benefitted from the robot concept theme as its stock price fluctuated upwards, reaching 90 yuan at one point during the day and closing at 88 yuan, up 5.77%. It achieved three consecutive increases and successfully challenged the previous high by standing firmly above all moving averages, with the averages trending upwards and the KD showing an upward pattern. The daily trading volume expanded to 4,503 shares. Despite the elongated K-bar, caution is advised due to the upper shadow indicating selling pressure. With new momentum in its three major businesses - service robots expanding into new markets, increasing shipments, and stamping equipment benefiting from orders from a large thermal module factory, shipments in the second half of the year are expected to significantly increase from the first half. Furthermore, new shipments of automotive parts, like those for BYD, will boost performance growth, leading to synchronized growth in all three major business sectors in the second half of the year.
Source: YAHOO
Reported 12 months ago
In light of AI/HPC driving demand for advanced processes and memory investment, global wafer fab front-end equipment expenditures continue to grow, with Samsung, Micron, and SK Hynix investing in HBM capacity, benefiting companies like Jing Ding (3413) with strong orders and Sheng Hui* (5536) expecting significant growth in 2025 with potential M&A benefits. Jing Ding's revenue for June is anticipated to remain high, with Q2 likely setting a new record and challenging double-digit growth in Q3, leading to overall operational growth. Analysts project Jing Ding's EPS to exceed NT$20 this year with ongoing profit growth in 2025. Sheng Hui*, a leading cleanroom and electromechanical integration company, is witnessing substantial order growth, outperforming expectations, with positive outlook in the long term from improved regional demand due to supply chain diversification. Sheng Hui* is also exploring merger benefits with subsidiaries like Peng Yi* (6613), Rui Ze (7703), Sheng Yang Semiconductor (8028), Wei Si Te (6894), and Yang Bo (2493). The system integration business of Sheng Hui* is not confined to semiconductor plants, with Q1 ending in NT$33 billion orders and anticipating server client orders in Q3, positioning 50-60% of annual semiconductor revenue towards high-margin materials, gas sales, and achieving 80% order retention.
Source: YAHOO
Reported 12 months ago
On July 2, 2024, the first 'Flow Basin Collaboration' advocacy forum was held by the CSR@CommonWealth channel, with over 150 representatives from central ministries like the Environmental Protection Administration, local governments, companies including Novawood Material Technology, and citizen groups like the Taipei Bird Society signing a contract to achieve the 'Basin Convention' by 2030, aiming to have zero severe pollution in 50 major rivers across Taiwan and improve ecological health. Novawood, a leader in AdBlue catalyst for reducing emissions, is actively participating in environmental efforts, supporting the 'Basin Convention' and organizing a river wetland tour on August 3 to promote local environmental connections and conservation efforts.
Source: YAHOO
Reported 12 months ago
Taiwan New Bank announced the renovation of the classic Rose Card and Sun Card on July 2, 2024, with new benefits offering a maximum cashback of 3.8% without limits, connecting with over 40 popular outlets like Shin Kong Mitsukoshi, Louisa Coffee, and FamilyMart for multiple redemption scenarios. Limited card faces are introduced, each limited to 100,000 cards, with new benefits allowing daily switches between everyday and high-amount spending plans on the Richart Life APP. Overseas expenses in Japan, Korea, Europe, and the US earn high cashback, with a promise of 3.8% cashback without limits for daily purchases and overseas spending. Accomplishing tasks in the Richart account can upgrade the cashback to 5%, and each quarter provides high cashback rewards of up to 10% for popular outlets. Taiwan New Bank aims to add 1 million cards by responding to market preferences for point rewards, catering to individual payment needs with personalized redemption options and easy switches between benefits in response to consumer behavior data analysis from the past 30 years.
Source: YAHOO
Reported 12 months ago
The trial project for emergency care at home and the new 'Telemedicine Treatment Regulations' began implementation on July 2, 2024. President Tsai Ing-wen stated that the government will integrate public and private sector efforts to promote integrated medical and long-term care services, making Taiwan at the forefront globally with Long-Term Care 3.0 policy. This move aims to utilize technology in conjunction with medical services for the benefit of the people. The project includes a care team of doctors, nurses, pharmacists, and respiratory therapists providing care at home or in medical facilities, offering treatment for conditions such as pneumonia, urinary tract infections, and soft tissue infections.
Source: YAHOO
Reported 12 months ago
在今年的ETF投資市場中，國內看到多樣化的發展。第二季市場的關注點轉向了七檔ETF，其中日本股票和投資等級債券最受追捧。今年上半年亞股表現良好，台股風光指數漲幅居首，而日經225指數也有18.3%的增長。投資人正在尋求更多高息收益機會，並等待美國可能的降息帶來的投資機會，預計投資等級債券ETF的吸金力道將持續增強。
Source: YAHOO
Reported 12 months ago
Despite the Taiwan Stock Exchange falling below 23,000 points on July 2, 2024, stocks related to electrical machinery, electrical wires, cables, and green energy concepts remain strong due to positive news. The solar energy sector, in particular, performed well following Google's announcement to invest in solar power plants in Taiwan. Analysts believe that power concept stocks are supported by six main benefits, including grid replacement, and suggest a long-term investment approach. Various factors such as the need for electricity network replacement and the growth in demand for renewable energy, AI chips, and data centers are expected to drive the global power demand in the coming years, with a positive outlook for power concept stocks in the long run.
Source: YAHOO
Reported 12 months ago
Following a sudden raid last year, the French antitrust regulator is considering accusing NVIDIA of violating competition laws, which might make France the first country globally to take legal action against NVIDIA. If found guilty, NVIDIA could face fines of up to 10% of its global revenue. The investigation stems from concerns about monopolistic practices in the AI chip market due to NVIDIA's dominant position with its CUDA programming software. Apart from France, the US, EU, and Chinese governments have also initiated investigations against NVIDIA recently, amid concerns over market dominance in the AI accelerator sector.
Source: YAHOO