Reported 9 months ago
The depreciation of the Japanese Yen has led to a significant increase in currency exchange transactions and the purchase of Japan-related funds by Taiwanese investors. Public banks have reported a growth of over 50% in Yen transactions this year, with at least a billion NT dollars flowing into Japan-related funds since last year. Various banks have seen a surge in Yen exchange transactions, and the sales of Japan-related funds have grown substantially. Taiwanese investors' interest in Japanese funds is expected to continue due to the Yen's depreciation and the ongoing investment trend in the Japanese market.
Source: YAHOO
Reported 9 months ago
Analysts are forecasting a less optimistic second-quarter delivery volume for Tesla, with estimates around 440,000 vehicles, a more than 5% decrease from the previous year. This forecast may negatively impact the electric car giant's stock price, which has seen a cumulative drop of over 24% this year. Analysts hold mixed predictions, with RBC analyst Tom Narayan revising estimates downward to 410,000 vehicles while maintaining a 'buy' rating, and Guggenheim Securities analyst Ronald Jesikow increasing estimates to 419,000 vehicles but giving a 'sell' rating. Wall Street projects Tesla's annual sales to remain steady at 1.8 million vehicles in 2024, with growth expected to resume in 2025 to reach 2.1 million. Tesla has also issued recalls for the Cybertruck for wiper and cargo bed issues, marking the third and fourth recalls for the vehicle, as Ford announces the recall of over 500,000 2014 F-150 trucks for potential gearbox problems.
Source: YAHOO
Reported 9 months ago
On June 26, 2024, at 4:10 pm, a Federal Reserve Board member expressed a hawkish stance, stating no rush to cut interest rates, leading to foreign capital retreating to the US and the depreciation of major Asian currencies. The US dollar surged following the Fed's remarks, causing the yen to drop below the 160 yen mark against the dollar and the New Taiwan Dollar to plummet by 1.1 points, breaking through 32.5 yuan in the morning session and closing at 32.554 yuan, marking the lowest level in nearly two months. The market reacted to speculation of potential Japanese intervention as the yen hit its lowest level since 1986.
Source: YAHOO
Reported 9 months ago
Jun Hao, a semiconductor equipment manufacturer, saw a surge in stock prices with foreign investors driving the momentum on June 26, 2024. The stock opened at the daily limit price of NT$76.4 and closed at its highest level in over a decade, with a trading volume of around 16,300 shares. Jun Hao has been focusing on testing, measuring, and grinding technologies, and is venturing into advanced packaging. Furthermore, the company is expanding into upstream silicon wafer production, supplying equipment to major firms and strategically investing in other semiconductor companies to enhance its market presence. Jun Hao anticipates a revenue split of around 4:6 in the first and second half of this year, and potentially reaching 35:65.
Source: YAHOO
Reported 9 months ago
Xiao Youhe, a member of the Venture Capital Association and manager of Chinese Development Capital, discussed on June 26, 2024, at 4:10 PM the crucial importance of timing for both 'venture capital' and 'entrepreneurs,' emphasizing that every choice is strategic. The article highlights the significant difference in performance between good and bad investment fund performance often stemming from the 'timing of entry.' Using examples from the dot-com bubble and the financial crisis aftermath, it illustrates the impact of entering the market at the right moment for both venture capitalists and entrepreneurs, emphasizing the importance of seizing the 'sweet spot' for successful outcomes.
Source: YAHOO
Reported 9 months ago
Peng Weilin/Taipei reported on June 26, 2024, at 4:10 pm, the cooling stock king Jianze (3653) saw its stock price surpass the thousand mark again. Its new AI server heatsink plate product will start mass production and shipping in the second half of the year, with revenue expected to increase quarter by quarter, outperforming last year. In May, Jianze's revenue reached NT$1.149 billion, a 23.83% annual growth, showing excellent performance. Jianze's main products include heatsink plates, LED wire racks, and car-use water-cooling modules, with major AI giants like Nvidia and AMD being customers. With a revenue share of 60% for cooling products, 15% for wire racks, and around 10% for other products, Jianze expects its main product shipments to increase each quarter, leading to better annual performance than last year. Analysts point out that with the high power consumption of AI servers, the heatsink plate specifications must also improve, and Jianze's production of high-end heatsink plates with better yields than its peers is favored by customers. ILM clips provide pressure to the AI main chips and the radiator, ensuring good electrical contact between the AI chip and the connector, allowing for good heat transfer contact between the radiator and the AI main chip. Note: Warrant investments involve risks, and the information in this section is for reference only and does not constitute an invitation, solicitation, or any other advice or recommendation; please consider carefully. For more reports, see Commercial Times on CSG next January, Q1 domestic sales, low-end shortage, global server market down 7%, pure online insurance companies officially open, and the FSC will begin accepting license applications in August next year.
Source: YAHOO
Reported 9 months ago
Starting from June 26, 2024, Taipei Far Eastern Shangri-La will host the 'Star Dining at Shangri-La' event until the 30th, featuring guest chef Chen Jiangtai Lang, the third-generation heir of 'Sichuan Hotel' honored with one Michelin star by the Michelin Guide Singapore. Chef Chen will showcase classic Sichuan dishes such as the famous 'Chen's Mapo Tofu,' 'Green Pepper Beef Steak,' 'Stir-Fried Lion's Head Fresh Fish,' 'Black Vinegar Sweet and Sour Pork,' and 'Crab Roe and Foie Gras Soup,' highlighting the seven flavors of Chen's traditional Sichuan cuisine. The set lunches start from NT$2,288 per person, while dinner starts from NT$2,888 per person. Weekend cooking classes are also available, followed by lunch and a complimentary portion of the chef's special chili oil. For reservations, call (02) 7711-2080.
Source: YAHOO
Reported 9 months ago
Securities News Center on June 26, 2024, at 4:10 PM: Shareholders' Meetings: Far Eastern New, Yuriscar, Uni-President, Ruentex Industries, etc. Ex-Dividend: Sinoway, Borawell, Tongxin Electric, Yumin, etc. Analyst Meetings: China Steel, China Airlines, San Yo Electronics, Sinoway, Yingtai, Lih Jaan, Taisun, Darhway-KY, Kuo Chung, Corning Holding, GIS-KY, etc. Various Stock Notices and Disposals: Many listed companies including Delta Electronics, MediaTek, Lite-On Technology, Advanced Power Tech, etc. Additionally, changes in margin ratios for certain stocks, ongoing delays in solar and offshore wind power projects, and updated regulations on digital currencies and stablecoins in the United States are reported.
Source: YAHOO
Reported 9 months ago
Three Circles Construction's founder and major shareholder Wang Guangxiang, along with Chairman Wang Yalin, disclosed after a shareholder meeting on June 26, 2024, that the 'Taipei Star' is likely to complete property registration in August, paving the way for occupancy. The shareholders approved a dividend distribution plan, with cash dividends of 0.2 yuan per share and stock dividends of 1.8 yuan per share. Wang Yalin expressed concern over the slow sales of 'Taipei Star' due to government policies repressing high-end residential properties, urging the government to stop suppressing developers and address issues such as labor shortages and rising construction costs.
Source: YAHOO
Reported 9 months ago
Singapore's port congestion has reached its most severe level since the COVID-19 pandemic began, disrupting global shipping as ships are forced to take longer routes to avoid attacks in the Red Sea. This situation has caused bottlenecks in other ports across Asia and Europe, leading to challenges such as soaring freight rates, port congestion, and container shortages. Due to ships being delayed in Singapore, cargo handling and transshipment processes have been affected, with some vessels now bypassing the port altogether, causing congestion in neighboring ports like Port Klang in Malaysia and Tanjung Pelepas Port. The pressure is also increasing in Chinese ports.
Source: YAHOO
Reported 9 months ago
台股26日反彈百點，輝達概念股漲跌互見，其中京元電子及廣達吸引外資大量加碼，共有12檔外資買盤積極，預計27日輝達將召開股東會，市場對其表現寄予厚望。輝達創辦人黃仁勳將聚焦未來AI車用領域、智慧製造布局發表看法，外資26日買超的12檔輝達概念股中除宏碁外皆收漲，部分更飆漲逾半根漲停。投資專家指出，AI應用趨勢看好，長線投資值得注意，短線操作可留意外資偏多的股票。
Source: YAHOO
Reported 9 months ago
In the investment event '2024 Investment New Trends Series Seminar', held in Taichung on June 22, organized by the Taiwan Depository & Clearing Corporation (TDCC), topics such as 'Utilizing Stock Dividends and eNotice Electronic Notifications' and 'Market Trends and Investment Strategies in the Era of Financial Literacy' were discussed. The speaker highlighted the increasing popularity of dividend-paying stocks like China Steel, TSMC, Cathay Sustainable High Dividend ETF, and Yuanta High Dividend ETF among Taiwanese investors, emphasizing the use of electronic notifications for efficient communication. The event promoted financial literacy through live streaming and discussed the rise in monthly dividend payouts for new ETFs and the benefits of TDCC's eNotice platform, which has gained over 60,000 registered users so far.
Source: YAHOO
Reported 9 months ago
In response to the Taiwan Stock Market dropping below 23,000 points, eight major public securities firms have purchased over 25.5 billion NT dollars in the past four trading days, with a focus on blue-chip stocks such as TSMC and Evergreen Marine. Despite the market volatility, public securities firms have been actively supporting the market, emphasizing government support and positive policies towards the stock market. Experts point out the noticeable efforts of public securities firms in stabilizing the market, recommending conservative investors to follow suit.
Source: YAHOO
Reported 9 months ago
The Taishin High Dividend Taiwan Value ETF (00940) announced its first monthly distribution amount on June 26, 2024, with an annualized dividend yield of about 6%, showcasing its high dividend characteristic stock selection advantage in the Taiwan stock market. Analysts predict that with 00940 emphasizing value investing and displaying distribution capabilities, it may drive another high dividend ETF trend and open up a new battleground beyond performance based on dividends. The high dividend ETF market is heating up this year, with monthly payouts becoming standard. Out of eight high dividend ETFs established after Mega Taiwan Technology High Yield (00929), seven offer monthly distributions. With over 2 million investors collectively, 00929's $229.7 billion, 00940's $187.7 billion, and United Taiwan High Yield Momentum (00939) with $58 billion are the top three in terms of size. Analysts mention that despite 00939 and 00940 returning to issuance prices, at this stage, dividend sources will focus on dividend income. 00929 has participated in the recent uptrend in the Taiwan stock market, but considering the composition of net assets, continuous monthly dividend payments and the decrease in dividend yield due to the rise in technology stocks have left only $0.3 in realized capital gains to support the distribution rate. Regarding performance, as Taiwan stocks continue to challenge new highs, since June, 00940 focusing on value investing has risen by 4.4%, outperforming the tech-focused 00929 at 3.2%, and the momentum-driven 00939 at 2.8%. 00940's value investing appeal has attracted high attention from investors preferring lower risk since its fundraising, and after a regular adjustment of constituent stocks in mid to late May, electronics stocks decreased while financial stocks increased, resulting in a further decrease in overall P/E ratios. The number of investors and units issued since listing have both increased, indicating a positive outlook on ongoing value investing and a shift from short-term price differences to mid- to long-term dividend stock holding strategies. Advertisers remind that aside from the distribution rate, stock selection directly impacts investment performance, suggesting choosing products that align with one's investment preferences and being mindful that the distribution rate does not represent the return rate. The dividends received by ETFs from corporate dividend offerings are calculated in the net asset value daily, regardless of distribution, are part of investor equity, and the dividend amount is deducted from the ETF's net value, so it's wise to also pay attention to net value changes.
Source: YAHOO
Reported 9 months ago
In order to achieve its net-zero vision by 2050, Hua Nan Financial Holdings has been actively implementing various climate risk mitigation measures to enhance climate resilience. Following its achievement of the highest level in BSI 'Level 5+: Excellence' in 2023 for climate-related financial disclosures (TCFD), the company has once again been recognized with the highest BSI rating. This demonstrates their determination to address climate change. By collaborating with environmentally friendly suppliers, procuring eco-friendly equipment, and promoting diversified sustainable action plans, the company is aligned with the government's ESG initiatives and aims to achieve net-zero carbon emissions by 2050. Hua Nan Financial Holdings has strengthened its climate risk management by following the TCFD framework, focusing on governance, strategy, risk management, and metrics and targets, to enhance climate risk management mechanisms and assist businesses in ESG development and low-carbon transition through funding. The company has been conducting greenhouse gas inventories since 2016 and has expanded data collection to include domestic and international operations, achieving a comprehensive greenhouse gas inventory. Initiatives such as solar power generation, green electricity procurement, and carbon rights purchase have been employed to increase the use of renewable energy and reduce carbon emissions. Notably, the company's subsidiary, Hua Nan Bank's new information building, is a rare example in Taiwan's industrial areas as a green building rated above gold status.
Source: YAHOO
Reported 9 months ago
The editorial on June 26, 2024, discusses the recent earthquake-triggered landslides in Hualien and Keelung, highlighting Taiwan's vulnerability to extreme weather events and the shortcomings in disaster prevention systems. The article emphasizes the need for the new government to address these issues effectively, suggesting that Taiwan, despite its technological advancements, must implement more proactive technological solutions to prevent and mitigate the impact of disasters, such as utilizing AI for early warning systems and risk control.
Source: YAHOO
Reported 9 months ago
Taipei, June 26, 2024 - According to the Credit Card Big Data Platform of CardLink, analyzing credit card consumption data of cards issued in Taiwan in 2023, the top 1% of consumers contribute 21.5% of total card spending, with an average annual spending of over 1.44 million NT dollars per card, which is 28 times higher than the average consumer group. These top spenders, known as 'Top Swipers,' prioritize and are willing to spend more on travel and automotive-related expenses, with an average annual spending of nearly 300,000 NT dollars per card in the automotive industry, 30.8 times higher than regular consumers.
Source: YAHOO
Reported 9 months ago
Following the US's announcement of imposing 100% tariffs on Chinese electric vehicles in May, the upcoming climate negotiations between the US and China face new challenges. The Chinese Special Envoy for Climate Change Affairs, Xie Zhenhua, expressed concerns that the tariffs on electric vehicles might disrupt multilateral climate change negotiations, potentially hindering global cooperation. With the green energy sector becoming a point of contention due to disputes involving China's electric vehicle subsidies and overcapacity, the climate negotiations focusing on green energy are once again at risk of hitting a deadlock.
Source: YAHOO
Reported 9 months ago
日月光投控舉行股東會，宣布再次增加資本支出，將擴大全球布局，包括考慮在日本、馬來西亞和墨西哥建立先進封裝廠。公司估計2021年資本支出將達24億美元，主要用於先進封裝和智慧生產。此外，公司計畫建置新產能，包括在美國進行測試產線建設，強化對美國市場的布局。
Source: YAHOO
Reported 9 months ago
To promote the development of the private economy, the Chinese State Council has announced six major focus areas, including optimizing the environment for private economic development, increasing support for key elements, strengthening legal protection, enhancing policy coordination and implementation supervision, improving the capabilities of private enterprises, and fostering a supportive social atmosphere for private economic development. Statistics show a significant rise in the number and contribution of private enterprises in China from 2012 to 2023. Despite the growth, challenges remain such as market access, resource acquisition, protection of property rights and entrepreneur interests, policy implementation, government integrity, overdue payments, and the need for improved corporate governance in some private enterprises.
Source: YAHOO
Reported 9 months ago
According to Taiwan Power Company Chairman, the electricity consumption during peak hours keeps setting new records, which has become the norm this year. With the highest peak electricity consumption exceeding previous records, there are concerns about power shortages, but the company assures that they are well-prepared with a 7% reserve margin during nighttime peak hours. Additionally, progress is made in supporting Taiwan's electricity needs with the introduction of offshore wind power.
Source: YAHOO
Reported 9 months ago
TSMC's investment in building a plant in Kumamoto, Japan has been highly anticipated by the industry. Following the opening of Kumamoto Plant Phase 1 at the end of February, reports reveal that groundwork for Phase 2 has begun, with construction set to commence in the fourth quarter of this year. The Phase 1 plant is expected to start production in the fourth quarter of this year, with the Phase 2 plant aiming to be operational by 2027. The Japanese government will provide a maximum subsidy of 732 billion yen for this project, with Phase 2 focusing on producing 6/7-nanometer chips.
Source: YAHOO
Reported 9 months ago
On June 26, 2024, New York private equity firm KKR invested $2.1 billion in acquiring a real estate portfolio encompassing over 5,200 apartments, marking the company's largest residential acquisition to date. This reflects a trend of major investment firms showing confidence in the upcoming rebound of the U.S. rental housing market. The purchase from Quarterra, an apartment development business under Lennar, includes 18 newly constructed mid-to-high-rise buildings in various states including California, Washington, Florida, Texas, Georgia, North Carolina, Colorado, and New Jersey. Recent acquisitions by large investment companies like KKR suggest growing optimism for the rental market with expectations of rising rents in the near future, especially in the central and northeastern U.S. where rental prices are already showing signs of recovery.
Source: YAHOO
Reported 9 months ago
Dr. Liu Wenxiong, Director of ITRI and Chairman of Taiwan Power and Energy Engineering Association, highlighted the importance of virtual power plants in Taiwan's energy transition. The concept involves integrating various energy sources into controllable power, allowing for more stable and resilient power supply. Taiwan's virtual power plants are still in the development stage, with the Taiwan Power Company having established a power trading platform to facilitate the buying and selling of power resources. Emphasizing the significance of reducing peak power consumption, the article explores how leveraging Integrated Resource Planning and virtual power plant technologies can optimize power supply and demand arrangements.
Source: YAHOO
Reported 9 months ago
Chang Hwa Bank has been recognized by the Financial Supervisory Commission for its outstanding efforts in supporting small and medium enterprises (SMEs) and promoting agricultural credit under the New Southbound Policy. At the 57th Business Contact Meeting for local bank general managers, the bank was awarded for its exceptional performance in SME lending schemes for 2023 and for handling agricultural credit under the New Southbound Policy, with General Manager Zhou Chao-chung accepting the honors. Chang Hwa Bank's dedication to sustainable business practices and social responsibility has been evident through various recognitions in recent years, highlighting its commitment to SME development and financial services excellence.
Source: YAHOO