Reported 9 months ago
On June 26, 2024, the Ministry of Labor convened a joint meeting of the Minimum Wage Review Council and Consultation Meeting. According to the research group report, adjusting the basic wage is helpful in increasing average wages but has no significant impact on unemployment rates or inflation. To provide more up-to-date insights, before the Minimum Wage Review Committee meets in the third quarter, a new research report will be prepared on the sector-specific impacts of adjustments, allowing committee members to discuss the latest data and more detailed effects. The report concludes that recent increases in the basic wage can raise average wages, with no significant effect on unemployment rates or direct correlation with inflation. Despite discussions on the Consumer Price Index (CPI), no consensus was reached on how to incorporate it into the decision-making process. The research group found that while prices have increased, they are not significantly influenced by adjustments in the basic wage.
Source: YAHOO
Reported 9 months ago
Hangt (3297), a security company, saw a significant increase in stock price this week, opening at $32 on the 26th and closing at $33.85 with a daily trading volume of 4,488 shares. Hangt soared for two consecutive days this week, closing at the limit-up price, with a weekly increase of over 23%. The company's May revenue was impressive, with a monthly revenue of 19 million NT dollars, a year-on-year increase of 52.58%, and a cumulative revenue of 68 million NT dollars from January to May, a year-on-year increase of 27.84%. The company reported a net loss per share of 0.03 NT dollars for the first quarter. During a recent shareholders' meeting, they expressed optimism for future demand in industries such as AI and IoT, and plans to invest in related research and development, focusing on niche application products. Hangt expects increased sales of network cameras in 2024, estimating sales of 60,000 units, with the possibility of turning a profit next year. Additionally, they are optimistic about economic recovery and unaffected by the pandemic.
Source: YAHOO
Reported 9 months ago
As of June 26, 2024, the Taiwan stock market briefly reached 23,000 points, potentially leading to stock capital gains for the life insurance industry to support profits, with the possibility of pre-tax profits for the first half of the year in the industry reaching 200 billion NTD. Despite the New Taiwan Dollar fluctuating against the US Dollar, the industry is relying on gains from the stock market to offset exchange losses, achieving significant profits in May and June, with May already showing promising post-tax profits and an expected 300 billion NTD pre-tax profits for the whole industry in May.
Source: YAHOO
Reported 9 months ago
Yatai Metal, a leading manufacturer of high-end electronic materials, is benefiting from the expansion of copper-clad laminate (CCL) factories in Southeast Asia, 5G, and AI applications. This has led to an increase in order visibility until the second half of 2025, with current orders exceeding NT$2 billion. With the market demand rebounding, the company is expected to see a slight revenue growth in 2024. Yatai Metal's strategic positioning aligns with the trend of 'origin plus one' in electronic production due to factors like the US-China trade war, prompting mainland and Taiwanese companies to expand in Southeast Asia. The company's advanced production capabilities cater to the growing demands in various industries, positioning it as a global leader in high-end immersion equipment manufacturing. Yatai Metal remains cautiously optimistic about its future operations, focusing on satisfying the increased equipment and service demands of key clients in Southeast Asia by establishing service centers in countries like Thailand to enhance the regional sales landscape.
Source: YAHOO
Reported 9 months ago
The Investment Trust Advisory anticipates the upcoming openness of real estate investment trusts (REITs) following the completion of the preliminary review of the Investment Trust Act amendment in Taiwan. Three key factors for REITs success observed in Singapore are government policy and regulatory support, robust source of assets, and sound governance coupled with rational supervision. Suggestions are made for Taiwan to consider a more open regulatory framework akin to Singapore, allowing for pooling of resources and assets development for shared benefits through REITs. The visit by investment industry representatives to Singapore highlights the importance of government support in driving a successful REITs market, with tax incentives and diverse asset classes contributing to Singapore's REITs growth.
Source: YAHOO
Reported 9 months ago
Taiwan futures rose 125 points on June 26, closing at 22,872 points. As the Taiwan Stock Exchange faced options expiration, the index initially rose with TSMC's performance but faced selling pressure after breaking through 23,000 points. Foreign investors increased their net short positions on Taiwan futures, with the top ten traders reducing net short positions for the month. The options market showed an increase in put/call ratio, while VIX index rose slightly. Overall, the market remained neutral with strong performances in tech stocks. The market outlook suggests a consolidation phase unless TSMC breaks through previous highs.
Source: YAHOO
Reported 9 months ago
On June 25th, FedEx, the U.S. delivery giant, announced better-than-expected quarterly earnings, cost-cutting success, and a $25 billion stock buyback plan, propelling its stock price to a 3-year high. The company reported a revenue growth of 0.9% to $22.1 billion for the fourth quarter of the 2024 fiscal year, overcoming six consecutive quarters of decline. Despite a 4.5% year-on-year decrease in net profit, FedEx's adjusted earnings per share of $5.41 surpassed analysts' expectations. CEO Raj Subramaniam expressed confidence in the company's growth momentum, with projected revenue and earnings for the next fiscal year exceeding market estimates, driven by the growth in e-commerce. FedEx aims to continue its cost reduction efforts and strengthen its global delivery network.
Source: YAHOO
Reported 9 months ago
As the tech and major stock markets have experienced volatile trends, many investors are considering profit-taking and shifting funds to the bond market. With uncertainties such as the upcoming U.S. elections and the high stock market valuations, experts are warning of potentially more severe market fluctuations, prompting the need for bonds to balance portfolio risks. Banks in Taiwan share similar outlooks for the second half of the year, with recommendations including a balanced approach of stocks and bonds. Various financial institutions are suggesting high-quality bonds, U.S. government bonds, investment-grade bonds, and opportunities in non-investment-grade and investment-grade bonds. Performance-wise, certain bond funds have shown stability and low volatility, outperforming stock indices. Overall, the current environment with heightened bond yields presents opportunities for investors seeking balance and stable returns.
Source: YAHOO
Reported 9 months ago
As of June 24, 2024, Taiwan's sustainable development bond market has seen vigorous growth, with 190 outstanding issuances totaling NT$555.67 billion. Despite a 23% decline in global sustainable bond issuances last year due to inflation and interest rate hikes, Taiwan's market displayed significant resilience, achieving a 24% increase in 2023. Notably, local governments such as those of Taipei and Kaohsiung are now entering the sustainable bond market, marking a shift in the landscape. Additionally, green and social responsibility bonds are also on the rise, with substantial amounts issued within the year.
Source: YAHOO
Reported 9 months ago
According to South Korean media reports, Samsung Electronics has informed major clients such as Dell, HPE, etc., that they will raise prices of server DRAM and enterprise-grade NAND flash memory by 15-20% in the third quarter. This move is seen as an attempt to boost the current slightly weak spot market price before the peak season of the electronics industry in the third quarter. However, the actual transaction prices under contract still depend on market supply and demand. With Samsung's leading market share in global DRAM and NAND Flash in 2023, the industry expects the AI trend to drive server demand in the latter half of the year. Despite the memory price increase, the spot market for DRAM remains weak, influenced by the shift of Samsung's production capacity to high-bandwidth memory (HBM) products. The recent fire incident at a Micron facility in Taichung did not have a significant impact on spot prices. PCB manufacturers are actively exploring the semiconductor testing board market for satellite communication components, showing a positive trend.
Source: YAHOO
Reported 9 months ago
Yang Jingchun/Taipei report, June 26, 2024, 4:10 PM. After experiencing a correction following a rise, GB200-related Taiwanese supply chain stocks reversed stronger with the market sentiment, including Sintra (5274) and Qisda (3017), receiving optimism from foreign institutional investors for the future. Taipei's stock market briefly reclaimed 23,074 points on the 26th, facing resistance at the 5-day moving average, closing up 110 points at 22,986 points. Sintra and Qisda, as leading GB200 concept stocks, both surpassed the 5-day moving average. Sintra was supported by HSBC Securities with a raised target price of NT$6,400 and upgraded to a 'Buy' rating. Qisda saw a significant increase, closing up 39 points at NT$740, with Goldman Sachs giving a 'Buy' rating and a target price of NT$1,026. Market observers anticipate bright prospects for Sintra as a major beneficiary of GB200, projecting a 33% and 19% revenue growth in the second and third quarters, exceeding market expectations.
Source: YAHOO
Reported 9 months ago
On June 26, 2024, the Supreme Court announced the development of a 'Smart Judgment Draft Automatic Generation System' based on AI. The concern around AI anchoring bias, where people tend to trust AI decisions as data-driven outcomes, poses questions about the new system in legal circles. Discussing concepts like HIC, HITL, HOTL, and HATL, it delves into the level of human intervention necessary in AI processes, also touching on the challenges of AI transparency in legal contexts to ensure fairness. The article emphasizes the ongoing debate about AI in law and the need for cautious development and application to navigate complexities and risks in the legal field.
Source: YAHOO
Reported 9 months ago
Ucloud's shareholders approved the 2023 financial report and distribution of earnings on June 26, 2024. The company reported a decrease in revenue and net profit in 2023 due to fewer game releases compared to the previous year. However, with several new games set to launch in Taiwan and mainland China in the second half of 2024, Ucloud anticipates a gradual improvement in operational momentum. The company plans to invest over 400 million NT dollars in game development for the year, focusing on cross-platform, AI games, and esports trends.
Source: YAHOO
Reported 9 months ago
O-Bank has announced a partnership with EasyCard on June 26, 2024, to launch the 'Transportation Carbon Reduction Statement Feature.' Holders of O-Bank financial cards with EasyCard payment functionality can now activate this feature for free on O-Bank's online banking or app, allowing them to track their carbon emissions saved by taking public transportation instead of driving. O-Bank has also released a new 'Carbon Reduction Transportation Card,' offering cashback rewards based on the amount of carbon saved through transportation; the more carbon saved, the higher the cashback. This initiative aims to encourage consumers to choose public transportation for eco-friendly travel and enhance sustainable living habits.
Source: YAHOO
Reported 9 months ago
On June 26, 2024, at 4:10 pm US Eastern Time (1795), benefiting from the increased shipment of American leukemia drugs and strong growth in the Asian market, analysts are optimistic that the second-quarter revenue will grow compared to the previous quarter and the same period last year. On the 26th, it attracted three major institutional investors to simultaneously buy 2,185 shares, driving the stock price back above the $300 mark, with an increase of 7.06% to $310.5, steadily above the average line with the KD indicator turning bullish. With a volume of 14,404 shares, it can be considered as an attacking volume, favorable for the bulls. In order to expand into the ASEAN market, they announced the acquisition of Teva Pharmaceuticals' Thai subsidiary in early June, marking their first merger and acquisition deal in Southeast Asia. This move will not only expand their oncology and gynecology product lines but also provide access to Teva's ophthalmic and respiratory product portfolios, allowing them to enter the pharmacy channels in Thailand.
Source: YAHOO
Reported 9 months ago
Qiaoshan, a well-known global fitness equipment manufacturer, recently acquired BowFlex and other brands, aiming to expand its product line and introduce digital fitness platforms. With the acquisition benefits and improved operations, Qiaoshan is set to reach a historic high in revenue, targeting 500 billion yuan this year, up from over 380.69 billion yuan in 2023. Factors such as reduced debt ratio, potential profitability in the first half of the year, and expanding retail channels globally contribute to Qiaoshan's optimistic outlook and growth strategies.
Source: YAHOO
Reported 9 months ago
During the shareholder meeting on June 26, 2024, QCT (4908) acknowledged their financial reports and earnings distribution, with a cash dividend of 2.4 NTD per share. The company highlighted the rising trend of AI applications driving large-scale data applications, especially in the 800G Ethernet module market expected to be popular by 2025, presenting new opportunities for optical communication manufacturers. QCT emphasized their focus on high-speed optical modules, particularly in the development of 400G and 800G products for applications like cloud computing, AR/VR, AI, 5G, and more. The global FTTH market growth has prompted telecom providers to advance their technologies, offering opportunities for QCT. Despite challenges like price competition, QCT aims for stable growth with their industrial-grade and customized product strategies.
Source: YAHOO
Reported 9 months ago
Pegatron held a briefing on June 26, 2024, reporting a 65.14% year-on-year revenue decrease to 2.4 billion NT dollars for the first five months due to delays in Taiwanese projects and the transition to TOPCon production lines. Anticipating market improvements in the second half with large projects starting, Pegatron expects VPC certification for its TOPCon in August to boost market reach. With rising green energy demand, revenue from selling excess power will also increase. Despite operational disruptions in the first half, Pegatron’s M10 TOPCon's efficiency and capacity will elevate its market share. Evaluating the upgrade of current M10 PERC lines to TOPCon, adjustments will depend on demands and export opportunities. Predicted equal share between TOPCon and PERC output in the second half amidst balanced solar supply chain inventory and anticipated price stability.
Source: YAHOO
Reported 9 months ago
On June 26, 2024, the rise of 'new forces in car manufacturing' from China caused concern among global players and intense competition within the Chinese market. Chairman of the China Association for Science and Technology Wan Gang emphasized at the Summer Davos Forum that the development of electric vehicles is the trend, and the market is becoming internationalized. Wan predicted that China's electric vehicle production will likely exceed 10 million this year amidst trade frictions with the US and EU. Wan encouraged Chinese companies to invest globally to integrate into local supply chains and expand global reach.
Source: YAHOO
Reported 9 months ago
Provided by KGI Futures, Huang Yanhong summarized on June 26, 2024, at 4:10 PM regarding the impact of NVIDIA's recent weakness on Semiconductor 30 Futures. The weekly trend of Semiconductor 30 Futures is turning downward, with a possible cross with the 10-day moving average, potentially leading to a shift from upward to flat movement. Short-term focus is on the 10-day moving average battle, where a stable position above it could result in slight bullish strategies. Looking at strong industrial production growth in Taiwan, particularly in semiconductors, and forecasts for continued demand growth due to advancements in AI, IoT, and 5G technologies. Market analysts predict a significant increase in semiconductor production capacity in 2024 and 2025, driven by rising demand in various sectors like automotive, data centers, and HPC.
Source: YAHOO
Reported 9 months ago
The Taipei Medical Device Business Association recently held a business exchange meeting at the Nangang Exhibition Hall with the Kyushu Medical Equipment Group Association of Japan and the Overseas Medical Equipment Technology Cooperation Association (OMETA) from Japan. The meeting aimed at fostering commercial exchanges between Taiwan and Japanese medical equipment manufacturers, given the deepening partnerships between the two countries in the wake of the pandemic. Various Taiwanese and Japanese companies engaged in fruitful discussions and showcased innovative healthcare solutions during the event.
Source: YAHOO
Reported 9 months ago
Peng Weilin/Taipei reported on June 26, 2024, at 4:10 PM that Huida GB200 AI servers require a liquid cooling system due to high power consumption, leading to increased attention on Double-H (3324). Double-H has already entered the liquid cooling supply chain of a US CSP factory, with analysts estimating a 30% revenue growth in the second quarter and recommending a buy rating. Double-H's May revenue reached NT$1.376 billion, a 55.1% yearly increase and a new high in monthly revenue for the same period in history, mainly due to strong shipments of AI server liquid cooling boards. Demand for liquid cooling will surge in the second half, with its revenue proportion gradually increasing, leading to strengthened quarterly operations, with the fourth quarter being the peak of the year. Analysts project that Double-H's liquid cooling revenue for the year will reach NT$3 billion, accounting for 18% of total revenue.
Source: YAHOO
Reported 9 months ago
In a land auction held by Kaohsiung Land Administration on June 26, 2024, a plot of land in the Nanzih area near the Kaohsiung University campus was sold at a record-breaking price of 1.5177 million per ping, surpassing even the Ayawan area in Kaohsiung. The auction attracted 37 bidders, with the highest bid coming from Fubon Real Estate Development at 10.72 billion yuan, setting a new high for land prices in Nanzih area with a premium rate of 129.44%. However, a less attractive 588.6 ping commercial land in Jhongdou received no bids due to height restrictions, marking a notable difference in interest among bidders.
Source: YAHOO
Reported 9 months ago
Influenced by rising fuel prices, Australia's May Consumer Price Index (CPI) rose to a six-month high of 4%, with core inflation also increasing for the fourth consecutive month, leading to increased expectations of a rate hike at the Reserve Bank of Australia's (RBA) next meeting on August 5-6. The Australian dollar strengthened in response, with the AUD/USD exchange rate climbing during trading to 0.6679 US dollars. Economists warn that the current measures to assist with rising living costs, including tax cuts and subsidies, may further stimulate the economy before inflation is controlled.
Source: YAHOO
Reported 9 months ago
Recently, there has been an imbalance in the supply and demand of eggs leading to a drop in egg prices. The chairman of Dacheng Group, Han Jiayu, mentioned that it will take some time for the market to recover. The Dacheng egg washing and sorting factory holds half of the market share and is planning to collaborate with Japan's Showa to establish an egg processing factory. The company continues to plan capital expenditures to expand production capacity in the United States, mainland China, and Taiwan for food, egg products, and pet food, remaining cautiously optimistic about the market this year. Han also highlighted the company's transition from agriculture and animal husbandry to food processing, with ongoing expansion projects in various regions including Taiwan, where they are investing in a food processing factory with a sizable production capacity.
Source: YAHOO