Reported 12 months ago
Tai Hwa Investment Holding, a major shareholder in the shipping industry, has announced two purchases of Evergreen Marine Corp within a month in hopes of acquiring external business profits. The company bought 1,550 and 1,800 shares of Evergreen Marine Corp between May 8 to June 3, and June 11 to July 1, at average prices of 202.59 and 199.41 yuan per share, respectively. With an optimistic outlook for the third quarter of the shipping industry, Tai Hwa believes in benefiting from factors such as escalating global trade tensions and increased demand for stockpiling goods due to economic recovery in Europe and the United States.
Source: YAHOO
Reported 12 months ago
Tech sector's retracement on July 1, 2024, at 4:10 p.m., affected various stock funds' capital flow momentum, with a notable weakness in the momentum. The previous week's inflow of over 10 billion dollars in US stock funds turned into a slight net outflow of 758 million dollars. Only Asia ex-Japan stock funds maintained a relatively gentle pace with a net inflow of 557 million dollars. Concerns over the US Federal Reserve's interest rate reduction, the upcoming US presidential election debate, and various global political risks continue to impact stock markets worldwide. Economic data suggests growth momentum continues, accelerating fund rotation as interest rate prospects remain uncertain. Focus is expected to shift back to corporate earnings and fundamental sectors with resilience. AI and semiconductor-related themes are likely to remain mainstream, led by large-cap tech stocks in the US market.
Source: YAHOO
Reported 12 months ago
Aside from semiconductors, Taiwan's outstanding performance in the optoelectronics field has attracted a group of American professors and research students to Taiwan to study the latest optoelectronic display technology. Sponsored by the U.S. National Science Foundation (NSF), the group participated in a short-term training camp at the optoelectronic engineering department of Yang-Ming Chiao Tung University, engaging with local faculty and students and visiting leading enterprises in display and optoelectronic technologies. This exchange not only showcases Taiwan's research and industry strength in optoelectronic display, but also enhances Taiwan's international standing. Yang-Ming Chiao Tung University's optoelectronic engineering department, which organized the camp, has been instrumental in Taiwan's achievements in optoelectronics over the past forty years, particularly in cutting-edge display technology.
Source: YAHOO
Reported 12 months ago
On July 1, 2024, Taiwan's stock market saw a clear shift of funds into the over-the-counter market, with the OT counter index hitting a new high not seen in 24 years. While foreign investors reduced their positions in the central market, domestic institutional investors continued to buy, leading to a rise in biotech, construction, and solar energy stocks. The weighted index remained at the 23,000 points level, while small and medium stocks surged under short-term buying pressure, pushing the OT counter index to a new 24-year high. This shift towards small and medium stocks with thematic companies was attributed to geopolitical risks and foreign investors reallocating funds into the OT counter market.
Source: YAHOO
Reported 12 months ago
The 2024 Asian Biotechnology Conference is set to take place on July 24, with biotech stocks soaring as a result of positive pre-event anticipation. MiMedx, a generic drug manufacturer, saw its stock price hit a two-month high after trading volumes surged. Meanwhile, Tai Yao, a major player in raw materials and CDMO, has been on the rise with plans to expand its antibody drug conjugate production line. With the surge of biotech stocks in July, the biotech and medical sector in the Taiwanese stock market is thriving, driven by the re-escalation of the summer COVID-19 pandemic. Market optimism is high, particularly for MiMedx's expected growth in the second half of the year from sales of anti-leukemia drugs, with revenues anticipated to hit double-digit growth for the year. Tai Yao also showed strong performance with a significant increase in revenue, benefitting from the biotech market theme. Both companies are poised for continued growth and profitability in the upcoming quarters.
Source: YAHOO
Reported 12 months ago
Bao Yuan Smart Manufacturing Company under the Bao Yuan CNC Group (4587) has been successful with their customized furniture brand 'Bao Yuan Fast Cabinet', attracting consumers with its quality, service, and innovative customization model. To convey the brand values of 'happiness, health, and positive energy', the company has been organizing large and professional Bao Yuan Fast Cabinet badminton tournaments every season, becoming a major badminton event in central Taiwan. By hosting these tournaments, Bao Yuan Fast Cabinet aims to promote fitness among the public and enhance support for badminton. The summer badminton cup this year attracted many participants with various age group categories and even a doubles match for pet owners, offering free registration and special gifts to encourage more badminton enthusiasts to join.
Source: YAHOO
Reported 12 months ago
Under the Tsu Hsing Power, a subsidiary of Chime Tai-American Silicon Corporation, Nan Ya Technology and its related company Fuhwa Technology signed a long-term renewable energy purchase contract on July 1, 2024. Starting from the third quarter of 2024, Tsu Hsing will supply green electricity to Nan Ya Technology and Fuhwa Technology, totaling 400 million kilowatt-hours (kWh) over a period of ten years. This partnership aims to promote sustainable development and environmental-friendly operations, reducing approximately 197,000 tons of carbon dioxide emissions and enhancing international competitiveness.
Source: YAHOO
Reported 12 months ago
On July 1, 2024, national Taiwan Life Insurances held an Elderly Season event urging people to ponder on 'what is companionship?' to understand the thoughts and needs of the elderly and provide timely assistance. They highlighted the top three concerns of the elderly as the fear of memory loss, financial burden, and causing trouble, and suggested three steps to prevent the risk of dementia: understanding brain age, ensuring multiple safeguards for peace of mind, and connecting resources to ease the pressure on caregivers.
Source: YAHOO
Reported 12 months ago
Taipei, July 1, 2024 - The retail industry managed to achieve 'just passing' grades in the first half of the year, with international luxury brands and cosmetics dragging down the overall performance. After a challenging first quarter, the industry saw a recovery in the second quarter driven by Mother's Day and mid-year sales, resulting in a slight increase or flat performance compared to last year. Major department stores like Shin Kong Mitsukoshi reported a 2% growth, while department stores like Far Eastern SOGO remained stable. Shopping malls like Breeze, Far East Mega City, and Taoyuan Da Jiang saw a 6%-7% increase in performance, with international brand outlets such as Huatai Outlets only seeing a 1% growth. The sector faced challenges in the luxury brand and cosmetics segments due to decreased demand. Regional shopping centers without luxury brands experienced relative stability in H1 performance.
Source: YAHOO
Reported 12 months ago
Before 4:10 pm on July 1, 2024, Li Peng-ling (Taipei) reported that Tsai Zhenyu, the Vice Chairman of Cathay Financial Holdings, is reportedly interested in acquiring a majority stake in both An Tai Bank and King's Bank at once, aiming to promote a merger between the two banks. The major shareholders of both banks have been looking to sell, and discussions on the acquisition and subsequent operational plans are underway with the Financial Supervisory Commission. If approved, the acquisition process involving site inspections, bidding, and follow-up acquisitions would commence. Tsai Zhenyu's potential acquisition is estimated to cost between 40 to 50 billion New Taiwan Dollars, with analysis suggesting that his financial capabilities are sufficient for the purchase. Market observers also note potential strategies to meet ownership regulations while facilitating the merger of the two banks.
Source: YAHOO
Reported 12 months ago
Initiated by Chang Chun Group, Pegatron, Chang Gung Memorial Hospital, Shin Zu Shing Electronics, TechOrange, in collaboration with National Taiwan University's departments of Computer Science and Information Management, and Lyr Research Technology, the 'TAiwan Mixture of Experts (Project TAME)' open-source project for a Traditional Chinese expert model, trained with NVIDIA's support, was officially unveiled on July 1. The model, developed through a joint effort of various industries, aims to create a 'Taiwan industry-specific AI application ecosystem' through open-sourcing and industry collaboration.
Source: YAHOO
Reported 12 months ago
On July 1, 2024, Awesome Technology (stock code: 1784) saw strong buying interest as the Asia Biotech Summit is approaching, and both the National Health Insurance and Regenerative Medicine Act have passed for the next-generation gene sequencing (NGS), driving precision and cell therapy to be recent focal points. The stock price surged with specific buying interest, closing at 139.5 yuan, hitting a short-term high with a trading volume of 6,652 shares. Strong bullish momentum is seen as the Ministry of Health approved a collaboration with Linkou Chang Gung Hospital for an autologous adipose-derived stem cell therapy project, maintaining steady expansion. Moving forward with mesenchymal stem cells as the basis for entry into the global exosome contract manufacturing market, establishing joint relationships with international giants, developing comprehensive applications in medical aesthetics and new drugs. Subsidiary Awesome Technology Cell IntelliPharma will be listed on the OTC market in October.
Source: YAHOO
Reported 12 months ago
As technology advances, the manufacturing industry is undergoing a new transformation. By leveraging technologies like big data, artificial intelligence, and the Internet of Things, manufacturers can improve production efficiency, reduce costs, enhance product quality, and even create new business models. This data-driven approach can enhance manufacturing in three key areas: production processes, supply chain management, and product development. Through real-time monitoring using sensors and intelligent devices, manufacturers can predict and prevent equipment failures, adjust production based on real-time demand, and design products that meet market needs. Various challenges faced by different manufacturing sectors in new product development have been addressed through the adoption of a Consumer to Manufacturer (C2M) model driven by market data to strengthen the manufacturing system and facilitate collaboration between industry players and data service providers. Data-driven manufacturing is not just a new technology anymore, but a transformative method that can improve manufacturing processes and product development accuracy.
Source: YAHOO
Reported 12 months ago
On July 1, 2024, Boeing announced its acquisition of Spirit AeroSystems, a major downstream aircraft parts manufacturer, for $4.7 billion, aiming to revamp the tarnished reputation of FlySafe. Spirit AeroSystems, a key supplier for Boeing, produces major components for various Boeing aircraft models, including the 737 Max fuselage, while also manufacturing parts for Boeing's competitor Airbus. After months of negotiation, Boeing agreed to this acquisition to enhance safety and stability. Despite a 5% increase in Spirit AeroSystems' stock price, it remains below the $37.25 per share transaction price, showing lingering market skepticism about its prospects.
Source: YAHOO
Reported 12 months ago
The Luxgen electric car N7 has seen a resurgence in sales in the Taiwanese market, with over 3,000 members added by the end of June and a special limited edition priced at 1.039 million NTD. Additionally, the pure version of N7 is making a comeback at 999,000 NTD. The electric vehicle market is expanding rapidly in Taiwan, and Luxgen aims to meet the diverse needs of consumers. With plans for more experience centers, the company is looking to capitalize on the increasing demand for electric vehicles.
Source: YAHOO
Reported 12 months ago
Taiwanese stocks saw the highest growth globally in the first half of 2024, leading to a significant increase in Taiwan Stock ETFs with a total increase of 8,434 billion Taiwan dollars, nearly 60% growth from the end of last year, surpassing the total increase in the previous year. The overall ETF size exceeded 2.25 trillion Taiwan dollars, with four ETFs increasing by over 1 trillion in the first half and a total of seven ETFs exceeding a trillion. High dividend ETFs were particularly popular, with total beneficiaries increasing by 43.3% in six months, showcasing sustained market interest and growth despite market fluctuations.
Source: YAHOO
Reported 12 months ago
On July 1, 2024, First Bank won nine awards at the 21st National Brand Yushan Awards, receiving recognition for its excellence in digital development, employee care, sports promotion, and brand establishment. Emphasizing ESG and digital financial innovation, the bank aims to create a happy workplace, provide quality service, and make a positive impact on society. Awards included Best Popular Brand and Best Product categories, recognizing initiatives like ESG Podcast, digital banking platforms, and family-friendly policies. First Bank also supports sports development and continues to expand its digital brand presence and customer service strategies.
Source: YAHOO
Reported 12 months ago
On June 27, 2024, Taiwan Fertilizer Co. signed a memorandum of understanding with South Korea's Samsung C&T to collaborate on expanding low-carbon liquid ammonia. Samsung C&T has significant low-carbon ammonia production projects in the Middle East and Australia, as well as a crucial role in carbon reduction in Korea. The alliance will not only help balance domestic liquid ammonia supply but also enhance international competitiveness. Taiwan Fertilizer Co. has imported low-carbon ammonia since 2023 to meet the urgent carbon reduction needs of the semiconductor industry. With a focus on sustainability and carbon reduction, Taiwan Fertilizer Co. aims to play a vital role in Taiwan's semiconductor industry. Samsung C&T, founded in 1938, has ambitious ammonia projects globally, including green ammonia development in Oman and carbon capture and storage (CCS) projects in Australia. Korea's government views hydrogen and ammonia energy as future alternative energy sources, aiming for a 2.1% demand share by 2030. Taiwan Fertilizer Co. has actively engaged with Samsung C&T, exploring business opportunities in fertilizers, chemicals, and hydrogen ammonia energy, leading to the recent collaboration and MOU signing as clean energy partners for sustainable development.
Source: YAHOO
Reported 12 months ago
Amazon plans to invest over $100 billion in constructing data centers over the next decade, shifting its focus towards the promising field of artificial intelligence (AI) from its traditional investments in retail and logistics. This significant investment reflects Amazon's belief in the booming demand for cloud computing driven by AI technology. The company's cloud business, Amazon Web Services (AWS), has been expanding its data center infrastructure to meet the increasing AI-related demands, with key executives emphasizing the importance and high costs of AI development. AWS is preparing for expansion in multiple states, expecting substantial capital investment in its infrastructure this year and projecting AI revenues to reach billions in the coming years.
Source: YAHOO
Reported 12 months ago
On July 1, 2024, after French President Macron's center-right coalition suffered a significant defeat in the parliamentary elections, with the far-right National Rally leading by a wide margin in the first round, the Euro and European stocks rose instead of falling. The National Rally, led by Marine Le Pen, won 33% of the votes, followed by the NFP left-wing alliance with 28%, and Macron's centrists coming in third with 20%. The far-right's historic victory in the first round of elections was somewhat surprising, but analysts noted that their lead was not as large as expected, indicating uncertainties about whether they will secure an absolute majority in the upcoming runoff elections.
Source: YAHOO
Reported 12 months ago
The market anticipates that the first AI phone from Apple, the iPhone 16, will be officially unveiled at the September autumn launch event, with sales estimated to reach 90-100 million units. The second half of the year will see the release of new phones, with Apple's supply chain showing strong momentum in July. Stocks related to Apple, such as TSMC (2330), Foxconn (2354), and other companies, are slowly gearing up for the traditional peak season. The iPhone 16 series is expected to use TSMC's second-generation 3nm N3E chip and A18 processor, with the Pro models featuring the A18 Pro chip, surpassing the computing power of the M4 chip in the latest iPad Pro. The release of the AI phone is expected to stimulate a wave of upgrades among Apple fans, leading to a good revenue growth forecast for the third quarter for semiconductor, optical lens, PA, assembly, and casing related companies in the Apple supply chain.
Source: YAHOO
Reported 12 months ago
Hua Nan Bank has been actively promoting carbon reduction measures to assist businesses in achieving sustainable transformation. By organizing a seminar on enterprise sustainable transformation in collaboration with the Industrial Technology Research Institute, the bank aims to provide funding support and technical guidance to help more businesses transition towards net zero carbon emissions. With a focus on ESG principles and green industry financing, Hua Nan Bank demonstrates its commitment to supporting the green transformation of industries and helping small and medium-sized enterprises in their low-carbon and smart transformation efforts.
Source: YAHOO
Reported 12 months ago
On July 1st, 2024, with the stock market facing a downturn correction and uncertainty due to the upcoming US presidential election, financial experts recommend investors to use international balanced funds with cross-asset and cross-regional strategies to navigate through market turbulence. The article highlights the benefits of diversified portfolios in both favorable and volatile market conditions and provides insights from fund managers on global economic stability, favorable market conditions, and recommended investment strategies for mitigating risks and optimizing returns.
Source: YAHOO
Reported 12 months ago
As of 4:10 PM on July 1, 2024, in the market, there are four monthly dividend-paying bond ETFs with yields of over 5%, with the highest being the Yuanta ESG High Yield Bond 20+ (00937B) at 7.28%. With a robust economy and inflation slowly decreasing, the market anticipates the Fed initiating a precautionary rate cut by year-end, but no significant rate cuts are expected. Credit spreads are narrowing, making yields the primary source of returns. Investors are finding appeal in high-yield bonds due to moderate rate cuts, controlled spreads, and a mild default environment, expecting close to double-digit returns over the next 12 months.
Source: YAHOO
Reported 12 months ago
Air freight rates on US routes have seen a significant increase with rates breaking the 300 NTD mark on both the East and West Coasts, and urgent cargo rates soaring to 450-500 NTD per kilogram. This surge is a result of the peak season arriving earlier than expected, with airlines including China Airlines, EVA Air, and StarLux Airlines increasing their air freight prices in response to high demand from industries such as AI, semiconductor equipment, and e-commerce as well as the upcoming summer vacation season. The increase in demand is attributed to factors such as the crowded cargo space in passenger cabins, the growth of e-commerce, and concerns over potential high anti-dumping import tariffs later in the year.
Source: YAHOO