Reported 12 months ago
Eurozone's manufacturing Purchasing Managers' Index (PMI) dropped to 45.8 in June, accelerating contraction, attributing to factories struggling to keep up with the declining demand despite continuous price reductions. In contrast, the US saw an increase in manufacturing PMI to 51.6 in June, marking a three-month high and indicating accelerated expansion. Financial data provider S&P Global reported the US manufacturing PMI rose from 51.3 in May to 51.6 in June, slightly below market expectations but still above the 50 threshold. While customer demand is weak and business confidence hit a 19-month low, new orders have grown for two consecutive months. Eurozone countries performed differently, with Greece's manufacturing PMI dropping to 54 but remaining in expansion, while others like Spain and the Netherlands were above 50 and nations like Italy, France, Austria, and Germany were in contraction. Economists analyze this as a temporary downturn rather than long-term weakness.
Source: YAHOO
Reported 12 months ago
Chunghwa Telecom held its 'Chunghwa Telecom 28th Anniversary Outstanding Employees Commendation Conference' where rumors of their plans to introduce Google branded phones were discussed. Chairman Guo Shui-yi stated in an interview that they do not exclude collaboration with any manufacturer and that the key is to provide customers with the services they need. It is speculated that Chunghwa Telecom will start selling Google phones in the third quarter, ending Taiwan Mobile's exclusive sales rights for five years. This move is expected to significantly boost Google phone sales in Taiwan under the support of the two major telecom companies.
Source: YAHOO
Reported 12 months ago
First Securities has been recognized with the special honor of the Securities Group in the 2023 Information Sharing Awards in the Financial Information Sharing and Analysis Center (F-ISAC), for actively participating in the Financial Supervisory Commission’s financial cybersecurity information sharing and joint defense mechanism. As cybersecurity incidents in the financial industry have been on the rise, the FSC has been urging financial institutions to enhance their cybersecurity levels, leading to the establishment of F-ISAC to provide early warnings and joint defense mechanisms, ultimately strengthening the overall cybersecurity governance capabilities of the financial industry to maintain market stability. First Securities continually improves its cybersecurity measures, actively collaborates with F-ISAC to share cybersecurity information for analysis, and enhances firewall levels to detect and repel malicious attacks. They also conduct regular cybersecurity checkups according to the Taiwan Stock Exchange regulations, deploy a Chief Information Security Officer, and expand their security team beyond regulatory requirements.
Source: YAHOO
Reported 12 months ago
According to the Taiwan Institute of Economic Research, the manufacturing industry's economic signal value for May was 13.33, a slight decrease from the revised April value of 14.94, but maintaining the 'steady economy' green light for the second month in a row. Meanwhile, the number of unpaid leave workers hit a new post-pandemic low. The future outlook is cautious due to uncertainties like geopolitical conflicts and trade disruptions caused by global logistics due to climate change. While the manufacturing sector sees varying revival performances, demand in AI and cloud industries remain strong, impacting export orders positively, but traditional manufacturing sectors face challenges in reaching pre-pandemic levels.
Source: YAHOO
Reported 12 months ago
On July 1, 2024, President Biden performed poorly in his first televised debate, intensifying doubts among voters about his ability to serve another four years as president. A survey conducted by CBS News and polling firm YouGov revealed that close to three-quarters of voters believe Biden should not run again, even among Democratic supporters, with nearly half supporting his withdrawal. Former President Trump's support slightly increased to 45.5% after the debate, widening the gap between him and Biden. Biden, aged 81, faced criticism for unclear speech and confused thoughts during the debate, leading to calls for him to withdraw from the Democratic Party. Despite attributing his performance to a cold, doubts about his mental and cognitive fitness for the presidency persist among voters, with 72% now deeming him unsuitable, up from 65% in June. A significant shift in the attitude of Democratic supporters was noted, with 46% now urging Biden to withdraw. Concerns about Biden's age were prevalent among those who believed he should not run again, with a majority citing his advanced years as the reason, along with concerns about his decision-making, dissatisfaction with his first term, and doubts about his campaigning abilities. Many voters felt that Trump outperformed Biden in the debate, although some criticized him for falsehoods. Another survey by AtlasIntel showed a slight increase in Trump's support to 45.5%, juxtaposed with a decline in Biden's support to 40.3%.
Source: YAHOO
Reported 12 months ago
Following the overflow effect of the high tariffs imposed by the US on China, Indonesia, Southeast Asia's largest economy, is planning to levy import tariffs of up to 200% on Chinese goods to protect its industries and small businesses. The Indonesian Trade Minister, Zulkifli Hasan, stated that once the related regulations are issued, the policy will take immediate effect. This decision comes as various countries are engaging in tariff wars with China to prevent oversupply of Chinese products from affecting their domestic industries and enterprises.
Source: YAHOO
Reported 12 months ago
Against the backdrop of the global AI wave, Japan's semiconductor equipment industry possesses explosive business opportunities with a market share of 30%, second only to the US. Taiwan Semiconductor Manufacturing Company (TSMC) has shown confidence in the Japanese semiconductor industry chain, inaugurating its Kumamoto plant as its first overseas advanced process wafer factory. Taiwan's Shin Kong Investment Trust is optimistic about the increasing global influence of the Japanese semiconductor industry and is launching the first Taiwan-listed ETF focusing on Japanese semiconductors—Shinkong Japan Semiconductor ETF (00951), with subscription set to start on July 8. The Japanese semiconductor index has seen a significant 52% surge, outpacing the upstream semiconductor index by 12%. Prominent Japanese semiconductor stocks like Disco and Tokyo Ohka Kogyo have also displayed strong price performance. TSMC ETF Fund Manager Huang Yumin anticipates a bullish trend following Japan's government-led semiconductor revitalization plan that aims to advance the country's semiconductor development. With ample funding and a positive outlook on Japanese stocks, investors are increasingly turning to Japanese equities, propelled by the country's growing assets and expanding tourist numbers stimulating domestic consumption, paving the way for further market growth and recommending early positioning in the competitive Japanese Semiconductor ETF.
Source: YAHOO
Reported 12 months ago
On July 1, 2024, Wu Dongliang, Chairman of Taishin Financial Holdings, announced a series of personnel changes as part of a 'new generation transition.' The restructuring included appointments such as Shang Ruiqiang as Vice Chairman of the bank, Lin Shuzhen as the new General Manager, and Bao Guoyi as the new CEO. With significant changes across Taishin Financial Holdings and its subsidiaries, this restructuring is considered the largest senior management reshuffling in history.
Source: YAHOO
Reported 12 months ago
Eastern Brother Yacht (8478) held a groundbreaking ceremony for their third assembly plant on July 1, 2024, with a projected completion by the following year. With a capital expenditure of approximately 2 billion New Taiwan dollars, the new plant covers an area of nearly 5,000 ping and will focus on producing luxury yachts over 35 meters in length, expanding the current production capacity by 50%. Anticipating strong demand for high-end luxury goods, Eastern Brother is strategically expanding to meet future product and market growth plans. This move aims to enhance product flexibility, cater to yacht owners' needs, increase market share, and contribute to future operational growth.
Source: YAHOO
Reported 12 months ago
TSMC is set to hold an analyst conference on July 18th, with early predictions from foreign investment circles indicating a double-digit quarterly revenue growth for Q3, potentially reaching 12%. The annual revenue growth outlook remains unchanged at 20%-25%, with a possible capital expenditure for next year reaching $36-37 billion, promising surprises for the market. Analysts anticipate positive impacts on TSMC's profit margins and market positioning, with both UBS and Goldman Sachs maintaining a 'buy' rating and optimistic stock price targets.
Source: YAHOO
Reported 12 months ago
After Eva Air (2618) was included in the ETF 00940 component stocks on July 1, 2024, mutual funds continued to buy Eva Air, accumulating a total net purchase of 589,000 shares over 23 consecutive trading days, providing support for the stock price around 35 yuan. With positive factors such as the upcoming summer vacation, the stock is successfully challenging its previous high and moving towards the 40 yuan level. Eva Air achieved revenue of 87.87 billion yuan from January to May, a 16.54% year-on-year increase, with a chance to surpass the 200 billion yuan mark for the year. Eva Air will distribute a cash dividend of 1.8 yuan on the 8th, with a cash dividend yield of approximately 4.6%. Recently, the airline service survey organization SKYRAX ranked Eva Air as the eighth-best airline in the world and awarded it for the best in-flight catering in the premium economy class globally and in Asia. Market analysts point out that the air cargo market has performed exceptionally well this year, and the July shipping volume is expected to remain strong. With the rapid increase in the number of servers exported from Asia to North America and robust e-commerce demand, the air cargo market in the second half of the year is anticipated to outperform the first half. * [Warrant investment involves risks, the information provided in this section is for reference only, not constituting any invitation, solicitation, or other suggestions or recommendations; readers should exercise caution].
Source: YAHOO
Reported 12 months ago
On July 1, 2024, at 4:10 pm, Evertrust Development (5508) reached a historic closing high of 235.5 yuan with the support of its performance. The company saw a net purchase of 1,288 shares by the three major institutional investors on the first day, quickly hitting the daily limit-up price within an hour of the market opening. The stock's price broke through the previous high of 231 yuan on May 6, after consolidating between 190 and 216 yuan and forming a bullish pattern with a strong volume of 4,085 shares traded on the breakthrough day. If the stock price does not reverse in the short term, this successful turnover can be seen as the initial judgment of the previous peak. Additionally, Taiwan’s printed circuit board output is estimated to exceed 800 billion, and Micron's early trading surged over 9% with positive signs in the memory chip sector.
Source: YAHOO
Reported 12 months ago
Caixin's China Manufacturing Purchasing Managers' Index (PMI) for June was 51.8, marking a 3-year high with a 0.1 point increase from May. The index has been above the expansion-contraction line for eight consecutive months, signaling a continuous rise in manufacturing industry prosperity. Concerns remain over increasing competition and weakening market conditions, as reflected by a notable decline in optimism among manufacturing entrepreneurs despite the positive outlook. Caixin's data contrasts with the official figures released by the National Statistics Bureau, as Caixin focuses more on small and medium-sized enterprises. Sub-indices of Caixin's PMI show continuous expansion in production and demand, with notable growth in consumer goods production, although the growth rate of new export orders has slowed down. Despite employment index remaining in contraction territory for the tenth consecutive month, the rate of expansion almost offsets the layoff rate. Rising material costs like steel, copper, and aluminum, along with increased shipping costs, have pushed up production costs. Entrepreneurs' optimism has notably declined, with production and operation expectation index dropping over 3 points in June to the lowest since December 2019. Despite the positive manufacturing outlook in June, challenges such as insufficient market confidence and effective demand persist, requiring further strengthening of economic support policies for the future.
Source: YAHOO
Reported 12 months ago
Edgewater International Chairman Jian Chuansheng announced the opening of their new manufacturing center in the Yilan Science Park on July 1, 2024, with a focus on AI. The company's AI revenue contributes 20%, and with an expansion in AI applications, they expect a 2-3% increase in new projects by 2024, aiding the overall revenue growth. Their subsidiary, Antei, specializing in edge AI solutions, plans to go public with projects like NVIDIA MGX SuperEdge AEX-2UA1. Edgewater introduces new AI products in their second factory, enhancing their capabilities in AI acceleration, visual driving, and custom integration for edge AI technology.
Source: YAHOO
Reported 12 months ago
Taiwan is moving towards a super-aged society by 2024, where many people rely on labor insurance pensions for retirement. However, the average monthly pension received is only around NT$18,000, while households with residents aged 65 and above require about NT$48,600 per month. To assist in retirement planning, Fubon Life, Taipei Fubon Bank, and Allianz Investment Trust have collaborated to add Allianz's 'Good Enjoyment Profit' to the investment-linked policy 'Fubon Life Xinfu Lifetime Variable Annuity/Variable Life Insurance', offering both protection and investment opportunities. With market optimism boosting the insurance market, this new feature allows for diversified asset allocation, flexible fund withdrawals, and expert management services, facilitating long-term asset growth and retirement enjoyment.
Source: YAHOO
Reported 12 months ago
On July 1, 2024, South Korea's Ministry of Industry and Commerce Resources announced that chip exports in June hit a record high as overseas demand for chips not only continued but surged. The growth in exports also led to the manufacturing purchasing managers' index (PMI) in South Korea reaching a two-year high. Chip exports in June increased by 50.9% year-on-year to $13.4 billion, with AI demand boosting prices of DRAM and NAND flash memory, driving the increase in chip exports. Other IT product exports, such as displays, computers, and wireless communication devices, also saw growth for the fourth consecutive month. However, exports of automobiles, another important sector, decreased by 0.4% to $6.2 billion. South Korea's exports to the United States increased by 14.7% year-on-year to $11 billion in June, setting a new record for the same month. Exports to mainland China also saw a 1.8% yearly increase. South Korea's total exports in the first half of the year amounted to $334.8 billion, up 9.1% from the same period last year, with a trade surplus of $23.1 billion, the highest since 2018. Analysts are optimistic about South Korea's export growth in the second half of the year, fueled by AI demand and Apple's new product releases that will continue to rely on South Korean chips. The continued weak South Korean won against the US dollar also supports export growth.
Source: YAHOO
Reported 12 months ago
Driven by the demand due to pandemic, destocking success, and construction of semiconductor clean rooms, latex glove industry is entering a phase of recovery in the second quarter. This has led to an increase in stock prices for upstream suppliers Nan De (2108) and Shen Feng (6582), with Shen Feng reaching a new high since February last year. Positive market outlook for latex glove demand resurgence is also fueled by reports of production capacity recovery in Southeast Asia. Major player in the industry, a Malaysian glove manufacturer, reported significant revenue growth and profit turnaround due to strong demand and shifting orders from China to Southeast Asia. The overall recovery of latex glove production capacity in Southeast Asia, as well as the global trend of semiconductor and clean room construction, are expected to further boost the prospects of latex gloves. Industry reports predict a substantial market value growth for latex rubber gloves globally, reaching $105.51 billion by 2029 at a compound annual growth rate of 14.82%, with growing preference for NBR latex gloves due to sustainability considerations, high demand for special gloves in semiconductor and other industries' clean room environments.
Source: YAHOO
Reported 12 months ago
In the battle for cash, three major life insurance companies in Taiwan have raised the US dollar policy rate in July, with Taiwan Life pushing it up to 4.1%, surpassing the market's previous high of 4.05%. The Federal Reserve's delay in rate cuts and relatively high yields on 10-year US Treasury bonds have contributed to the trend. By increasing the policy rate, insurers aim to boost premium income and mitigate cash flow pressures. Competitive adjustments have resulted in most insurers offering US dollar policy rates above 4% after a fierce battle from May to July.
Source: YAHOO
Reported 12 months ago
US equity markets closed higher on the first trading day of Q3 and the second half of 2024, with the Nasdaq Composite leading the gains by rising over 140 points or about 0.8% in the session. Market Domination Overtime's Seana Smith recaps the market performances, while Jared Blikre details the sector action and movements from Nasdaq 100 tech stocks.
Source: YAHOO
Reported 12 months ago
Members of the Teamsters Canada Rail Conference have voted to reauthorize strikes against CN and CPKC, with a high percentage of union members participating in the vote and overwhelmingly supporting the reauthorization. The union aims to address concerns related to working conditions and rail safety in negotiations with the railroads, with the potential for strikes looming pending rulings by the Canada Industrial Relations Board.
Source: YAHOO
Reported 12 months ago
New York supermarket chain Gristedes will pay a $400,000 civil fine and invest $13.5 million in repairs to resolve charges of excessive greenhouse gas emissions from its store refrigerators. The U.S. Department of Justice found Gristedes allowed 42,094 pounds of refrigerant leaks from 2019 to 2021, equivalent to driving a gas car 140 million miles. The supermarket ignored Environmental Protection Agency rules and must cut emissions by 73% from 2020 levels, make repairs, and reduce corporate leak rates in four years according to a consent decree signed by owner John Catsimatidis.
Source: YAHOO
Reported 12 months ago
Shares of Tesla surged over 6% as Wells Fargo added the stock to its watch list before the automaker's quarterly production and delivery report. The company faces challenges in demand for electric vehicles and competition from Chinese rivals, leading to price cuts on models. Despite expectations of lower vehicle deliveries, analysts have mixed ratings on Tesla's stock, with a median target price of $180.
Source: YAHOO
Reported 12 months ago
Source: INVESTORS
Reported 12 months ago
Boeing's decision to acquire fuselage maker Spirit AeroSystems for around $4.7 billion has caused an increase in Boeing's shares. The acquisition raises questions about Boeing's turnaround strategy, leadership changes, and looming criminal charges. Analysts remain cautious about the acquisition's impact on restoring trust in Boeing, given the challenges the company has faced in recent years.
Source: YAHOO
Reported 12 months ago
GameStop（GME）交易员Keith Gill，被称为“Roaring Kitty”，透露他持有Chewy（CHWY）6.6％的股份。Mizuho高级分析师David Bellinger加入Market Domination讨论此举对宠物用品零售商意味着什么。Bellinger分析说，尽管Chewy的基本面处于良好位置，年收入约110亿美元，拥有2000万活跃客户，但他指出顾客获取存在问题。他强调当前通货膨胀环境导致的宠物领养减少和宠物用品销售放缓，减缓了Chewy的整体增长。
Source: YAHOO