Reported 12 months ago
Provided by Yuanta Futures and compiled by Chen Yuguang on July 1, 2024, 4:10 PM, the US May core personal consumption expenditures price index increased by 2.6% year-on-year, lower than the previous value of 2.8%, meeting market expectations. The decrease in durable goods is most notable due to the rise in the US unemployment rate and high-interest rates, which have hampered consumer spending and led to sustained inflation development. Market expectations of a rate cut in September and a further rate cut in December have increased. The US dollar index faced downward pressure after reaching the 106 level, with expectations of consolidation in the near future.
Source: YAHOO
Reported 12 months ago
Minister of Health and Welfare, Shih-Chung Chou, has pledged to establish a 10 billion Cancer Drug Fund, with plans for initial funding this year through the National Health Insurance fund, followed by a 60 billion budget allocation next year, aiming to reach 100 billion by 2026. The fund, a significant part of President Tsai Ing-wen's campaign promises, aims to assist cancer patients in accessing treatment and alleviate their financial burden, with a focus on incorporating new cancer drugs into the fund. Efforts are being made to ensure the fund's sustainability and prevent conflicts with the health insurance budget or other allocations.
Source: YAHOO
Reported 12 months ago
On July 1, 2024, Up-we Group announced that their recyclable resin, EzCiclo, has been successfully introduced to the body parts of LIUX electric cars from Spain, aiming to enter the new energy vehicle parts supply chain and expand business opportunities. Up-we's recyclable body parts can be easily recycled through a degradation process, enabling the materials to be reused to provide environmentally friendly mobility choices for car owners and promote sustainable living. Up-we Group is focusing on deepening academic-industrial cooperation, carbon neutrality, and carbon fiber recycling applications, with a strong emphasis on their EzCiclo and CleaVER products for mass production and various applications.
Source: YAHOO
Reported 12 months ago
Taiwan Semiconductor (2330) benefits from strong demand for advanced packaging from major customers like Nvidia, as well as the upcoming launch of Apple's new AI phone iPhone 16 which is expected to feature its second-generation 3nm N3E chip. With optimistic outlook for the second half of the year and an upcoming earnings conference, concept stocks related to Taiwan Semiconductor such as Zhi Sheng (2467) and Sinlyun (3583) have seen increased trading volume. While the semiconductor supply chain remains positive in the long term, caution is advised in the short term due to high valuations. Various related industries are expected to benefit from Taiwan Semiconductor's activities, and several concept stocks have hit historical highs recently. Overall, the AI theme continues to heavily influence the market, with key stocks and AI-related sectors expected to maintain a consolidating trend as the market awaits upcoming financial reports and outlook announcements.
Source: YAHOO
Reported 12 months ago
With a growing concern over the declining birth rate in Taiwan, the article discusses the potential negative impacts of a diminishing workforce and the necessity to attract foreign talent. The government's proposed talent attraction plan, akin to borrowing arrows with grass boats, aims to address the labor shortage by welcoming international students and foreign investors with certain engineer requirements. However, the article stresses the importance of focusing on raising the birth rate as a fundamental and long-term strategy to tackle the issue of manpower deficiency. Recommendations are made for a comprehensive approach to address the declining birth rate through interdepartmental and public-private collaboration for a healthier society and workforce.
Source: YAHOO
Reported 12 months ago
In Kaohsiung Zuoying, the real estate market near the THSR Zuoying Station and TSMC continues to boom, with new pre-sale properties starting directly from 5 million and above. According to statistics from ETtoday Real Estate, the average price of new properties in Zuoying increased by 7.03% in the first half of this year compared to the second half of last year, with pre-sale properties showing a 5.80% increase and existing properties experiencing an 8.83% rise. Due to factors such as advantageous transportation location, complete living infrastructure, and industrial development, it is expected that property prices in Zuoying will continue to rise in the second half of the year.
Source: YAHOO
Reported 12 months ago
As of the end of April, Taiwan's total broadband internet users reached 6.827 million, with 2.3 million using cable broadband, achieving a market share of 33.7%, a new high. Major cable TV providers are pushing for high-speed broadband users, while leading broadband provider Chunghwa Telecom introduced new pricing plans to maintain its dominant position. The market is buzzing about the implementation of traffic control and speed reduction measures for high-speed packages to ensure fair usage. With the upcoming summer gaming season, a new wave of broadband installations is expected.
Source: YAHOO
Reported 12 months ago
Element Futures pointed out on July 1, 2024, that the Taiwan Stock Exchange Capitalization Weighted Stock Index (TAIEX) continued to fluctuate at a high level, with multiple individual stocks hitting their daily price limit, indicating ample market liquidity. Despite undergoing slight corrections, the index ended the day with a 26-point increase at 23,058 points, while the Taiwan Futures Index rose by 11 points to 22,991 points, with a widening discount of 67.57 points. This is attributed to the decreased net short positions held by major institutional investors and the generally neutral options market sentiment.
Source: YAHOO
Reported 12 months ago
According to data released by the Taiwan Stock Exchange and the Gretai Securities Market on July 1, 2024, the non-managerial salary median at United Microelectronics Corporation (UMC) surged to NT$3.749 million, nearly 6 times the previous year, taking the top spot among listed companies, while TSMC ranked tenth with NT$2.248 million. UMC's remarkable rise was in contrast to TSMC's drop in the rankings. Out of the top ten companies, eight were from the semiconductor industry. Overall, semiconductor companies dominated the top positions with 15 out of the top 20. While companies like Evergreen Marine had impressive salaries for non-managers in 2023, the decline in profits in 2024 led to a drop in their rankings. As for non-listed companies, Ultra Clean Holdings seized the top spot with NT$2.923 million, followed closely by Original Technology and Nine-Chip Corporation.
Source: YAHOO
Reported 12 months ago
Etron (Stock Symbol: 3035) joined Intel's wafer outsourcing design alliance on July 1, 2024, marking a gradual recognition of Etron's design solutions by major manufacturers. By seeking HBM capacity and investing in CoAsia SEMI Korea Corporation, Etron ensures its HBM production capacity. With the introduction of Third Party IP, advanced process development has become a team effort, following in TSMC's footsteps. Etron, as the only Taiwanese company in the design service alliance, plays a crucial role in Intel's wafer outsourcing (IFS) design services, showcasing its flexibility in ASIC development. Overall, the market anticipates continued growth in the AI edge computing chip market, with a shift towards specialization and a focus on low latency, high privacy, and real-time capabilities.
Source: YAHOO
Reported 12 months ago
According to the data released by the municipal land offices of the six major cities in Taiwan, there were 13.65 thousand property transactions in the first half of the year, marking a 28% year-on-year increase and reaching a new high in nearly 11 years. The market was driven by factors such as optimistic consumer confidence, the positive impact of government policies, and the peak period for new property transactions. Southern Taiwan showed particularly strong buying sentiment, with Tainan and Kaohsiung breaking historical records. The future market trends will depend on factors such as stock market performance and socio-political stability.
Source: YAHOO
Reported 12 months ago
Taipei, July 1, 2024 - The Taiwan Stock Market rose by 0.11% on July 1, with the financial stock index increasing by 0.35%, outperforming the overall market. Leading the gains were multiple banking and financial institutions such as Cathay Financial Holdings, Fubon Financial Holding, and Taiwan Shin Kong Security Co., with some stocks reaching new highs. Analysts predict a positive outlook for the financial sector in the second half of the year, with potential factors including the U.S. election results, Federal Reserve's interest rate decisions, and the impacts of AI technology trends on the economy.
Source: YAHOO
Reported 12 months ago
Taiwan's leading kitchen and bathroom manufacturer, Taiwan Sakura (9911), has launched 'SAKURA AI KITCHEN' integrating the latest AI technology with kitchen appliances to revolutionize traditional kitchen living. The AI technology in the kitchen appliances caters to consumer habits, making household cooking more convenient and efficient. The advanced features include AI range hoods, gas stoves, RO water purifiers, microwave steam ovens, dishwasher, and smart faucets, all designed to enhance cooking experiences with safety and convenience in mind.
Source: YAHOO
Reported 12 months ago
According to reports, Taiwan's three major government funds - Labor, National Insurance, and Pensions - are expected to challenge a record-breaking profit of over 1 trillion NT dollars in the first half of 2024. Boosted by the surging U.S. and Taiwan stock markets, the funds saw profits soaring to 748.4 billion NT dollars from January to May, pushing their total assets above 8 trillion NT dollars. With the stock markets continuing to rise, the funds are poised to achieve a trillion-dollar profit by the end of the first half. Looking ahead to the second half of the year, officials are optimistic about the funds' performance due to favorable economic conditions, loose monetary policies, and upcoming elections in both Taiwan and the U.S., which are expected to support the stock markets further.
Source: YAHOO
Reported 12 months ago
In order to prevent speculative house buying, public banks in Taiwan have identified suspicious patterns and cases of potential irregularities in housing loans, which are now being reported to the Ministry of Finance. The banks are currently in contact with customers involved in these suspicious cases to further investigate whether they are involved in speculative activities or acting as intermediaries. The public banks are actively conducting checks weekly based on regulations to prevent investment clients from engaging in speculative activities and applying for loans through intermediaries. The investigation process is ongoing, with a focus on identifying any violations of regulations and addressing them accordingly, although the exact number of suspicious cases is still being determined.
Source: YAHOO
Reported 12 months ago
On July 1, 2024, the tax defaulter list for the year was released in Taiwan. The Ministry of Finance annually announces major tax default cases on July 1, including individuals with accumulated taxes of over 10 million yuan or profit-making enterprises with accumulated taxes exceeding 50 million yuan. This year, a total of 915 cases were announced nationwide with an amount of 89.512 billion yuan, showing a decrease in both the number of cases and the amount compared to the previous year. The decrease was mainly attributed to the cancellation of cases transferred for execution after March 5, 2007, due to the expiration of the 15-year enforcement and collection period. The article also highlights specific cases of companies and individuals on the list, including cases of inheritance tax and controversial business practices.
Source: YAHOO
Reported 12 months ago
According to financial market data provider Refinitiv, in the first half of this year, Mega Bank ranks first as the bookrunner for syndicated loans with a market share of 17.2%, breaking the dominance of government banks in the top five. Looking ahead to the second half of the year, government banks are eyeing several syndicated loan cases related to the localization of offshore wind power supply chains, which are expected to bring vitality to the syndicated loan market. In the first half of the year, Mega Bank, First Bank, E.SUN Bank, Taiwan Bank, and Land Bank were among the top management banks for syndicated loans.
Source: YAHOO
Reported 12 months ago
The Yu Shan Golden Seed Project inaugurated the 184th and 185th Yu Shan Libraries at Da Tong Elementary School in Taoyuan City and Chu Zhong Elementary School in Hsinchu County on June 27, 2024. Officials including Hsinchu County Deputy Magistrate Chen Jian-xian, Taoyuan City Education Bureau Director Liu Zhong-cheng, and Yu Shan Securities Chairman Lin Jin-hui attended the opening ceremony, along with VIPs, teachers, students, and volunteers. The schools' principals emphasized the importance of reading in education and welcomed the new, bright, comfortable libraries, providing ample reading space and resources for students to explore unknown worlds and cultivate wisdom and dreams.
Source: YAHOO
Reported 12 months ago
According to CMoney's statistics, the top-performing Taiwan stock ETF in the first half of the year is the Fubon Technology ETF (0052), which increased by 48.77%. The overall domestic ETF market has reached 5 trillion NTD, with a strong focus on AI and semiconductor industries driving the market. Fund managers are optimistic about the semiconductor and AI supply chain industries in the second half of the year, citing global AI demand and the continuous growth trends in the semiconductor sector, especially in Taiwan where the semiconductor supply chain is considered a strong ally in the AI era.
Source: YAHOO
Reported 12 months ago
Compiled by Chen Yuguang from the Huaxi Futures Advisory Department on July 1, 2024, at 4:10 pm. Looking at the recent trend of the Dow Jones Index, with optimistic expectations of a rate cut in September due to cooling inflation in economic data, there has been a rebound supported by staying above the 10-day moving average. If the index can break through the 5-day moving average and stay above last week's bullish gap, it will be conducive to challenging previous highs. Consider investing in Taiwan Sustainable Futures and U.S. S&P 500 Index Futures for diversified investment options and effective tools to mitigate market volatility. In the second half of the year, various factors will affect the U.S. stock market, such as the impact of the presidential election, key economic data releases, and Federal Reserve policy adjustments, which will be key factors affecting market trends and investor decisions.
Source: YAHOO
Reported 12 months ago
Juyuan (6261), a semiconductor testing outsourcing and equipment sales factory, has been actively adjusting its operational strategy in recent years to focus on penetrating the automotive semiconductor testing field and expanding its overseas client base. With continued orders from Japanese automotive clients and the upcoming shipments from verified American clients, Juyuan is expected to achieve double-digit revenue growth in the second quarter compared to the same period last year. The company's expansion into the automotive sector and international markets lays a solid foundation for future operational growth.
Source: YAHOO
Reported 12 months ago
NVIDIA's CEO Huang Renxun delivered the first high-end AI server DGX H200 to customer OpenAI in late March, with mass shipments expected after the second quarter and various partners like HPE and Lenovo gearing up to ship H200 products in the second half of the year. However, with the launch of the next-generation Blackwell platform accelerated by at least one to two quarters, customers may shift to the B100/B200 series. Despite this, server business for partners like Quanta and ASUS is expected to boom in the second half of the year, ensuring a strong year-round performance in the server industry.
Source: YAHOO
Reported 12 months ago
On July 1, 2024, at 4:10 PM, Kingpak (stock code: 3413) has been consolidating in a range between NT$290 and NT$330 for the past two months. With the semiconductor industry picking up, the company's second-half performance is expected to reflect the peak season. Recently, it has been steadily strengthening, with a significant 9.56% increase on the 1st, closing at NT$338. The stock price broke out of the two-month consolidation range, hitting a 16-year high, and there is still potential for further upward movement. Market analysts anticipate that Kingpak's revenue has been gradually picking up this year, with accumulated revenue of NT$5.74 billion in the first five months slightly exceeding the same period last year. The operation is expected to grow quarter by quarter, and with the resurgence in semiconductor equipment demand, it is optimistic that the revenue for this year would see a double-digit growth.
Source: YAHOO
Reported 12 months ago
Kangquan Telecom (8089), a networking factory, has seen a significant increase in revenue in recent months, leading to a strong surge in stock prices. The company announced a tax-after-net-profit of 2.72 yuan per share for April and May, marking a turnaround from a loss of 2.32 yuan in the first quarter. With a combined tax-after-net-profit of 0.4 yuan per share in the first five months, Kangquan Telecom's operations have notably improved, with revenues mainly from overseas markets in North America, Europe, and the Asia-Pacific region. The company's performance is expected to continue growing in the second half of this year.
Source: YAHOO
Reported 12 months ago
As of July 1, 2024, observes the capital flows in the first half of the year, with South Korea attracting $17.13 billion, ranking first among emerging Asian stocks, followed closely by Taiwan. Due to uncertainty from the US presidential debate and the latest inflation data, the market sentiment has turned cautious. Foreign investment last week saw the most buying in India at $1.51 billion, followed by South Korea at $350 million, while Taiwan, Thailand, and Vietnam experienced selling. In terms of performance, Taiwan's stocks surged by 28.45%, followed by Vietnam at 10.21% and India at 9.40%, with Thailand seeing the weakest by dropping 8.11%. Companies like China Growth High-Dividend Stock (00934) attribute the positive performance to robust demand for artificial intelligence and exports, while Vietnam is expected to rebound economically with ongoing strong external demand and supportive policies, showing potential for market growth.
Source: YAHOO