Reported 8 months ago
Fullsun Technology (5222), known for having the purest military stocks, reported revenue of 116 million in May 2024, a 4.88% increase from the previous year, and a cumulative revenue of 501 million from January to May, showing a significant 14.77% growth. With current orders worth around 1.25 billion, upcoming peak season for defense unit shipments, and a 30% increase in foreign orders, the company is expected to achieve record-high revenue and profits this year. Fullsun specializes in high-frequency, high-power amplifiers, and microwave technology modules, developing key components used in Taiwan's national defense. It is the first in Taiwan to provide solid-state PA and is now focusing on GaN ultra-high-frequency power SSPA development to replace TWT in the future. Its development aligns closely with Taiwan's defense policy emphasizing 'defense autonomy', with a comprehensive focus on microwave technology research and timely investment in defense applications. The company's main revenue comes from defense units, including an expected 30% growth from strategic cooperation with Israel. The defense industry, being less affected by economic cycles due to the global necessity of strengthening national defense forces, is highlighted by Taiwan's defense procurement spanning 20 years. Fullsun is poised to capitalize on this by expanding its manufacturing facilities. After nearly 25 years of dedicated efforts, Fullsun has become a strategic partner for the Taiwanese defense, particularly with the government's recent focus on defense autonomy. Its wireless microwave technology aligns with the defense strategy of 'asymmetric warfare' involving anti-missile, anti-landing, and drone applications, contributing to Taiwan's visible defense capabilities through continued efforts towards defense autonomy.
Source: YAHOO
Reported 8 months ago
GreTai Center plans to assist the Urban Renewal Center in issuing sustainable development bonds to fund the construction of social housing, aiming to achieve net-zero buildings and ensure housing justice in Taiwan. The Urban Renewal Center has already applied for a syndicated loan of 411.9 billion NT with Taiwan Bank, and is seeking to raise 1/3 to 1/2 of the amount through issuing sustainable bonds. The ultimate goal is to achieve an issuance size of over 200 billion NT in the coming years to support the country's urban development and social housing policies.
Source: YAHOO
Reported 8 months ago
Banks in Taiwan are pushing for the option to offer premium financing and policy loans, but the Insurance Bureau has highlighted two prerequisites. To allow this, feasibility and demand must be considered, leading to discussions on amending the insurance law. Currently, banks are restricted by Section 120 of the Insurance Act for policy loans, and amendments would be required to open up this service. While the process faces challenges due to legal frameworks, the industry remains optimistic about potential business expansion opportunities.
Source: YAHOO
Reported 8 months ago
On June 25, 2024, in Taipei, First Insurance (2852) held its shareholders' meeting. With a net profit of 636 million RMB last year and an EPS of 2.11 RMB, the shareholders approved a cash dividend of 1.13 RMB per share, significantly higher than the previous year's 0.72 RMB. The company also improved employee benefits. The company's chairman, Lee Zhenghan, reported to the shareholders that insuring peace is crucial for property insurance operations, and despite losses incurred due to the 0403 Hualien earthquake, the impact on profits this year is limited. The company's operating strategy for this year includes striving for quality and profitable businesses, eliminating high-risk businesses gradually, showing a conservative approach towards wind power and solar energy sectors. The company's total investment income in the first quarter grew by approximately 80%, focusing on domestic markets for asset allocation primarily in fixed deposits, maintaining a balanced allocation between stocks and bonds, with an emphasis on high dividend-generating stocks and bond ETFs to reduce market volatility risks for stable returns. Employee benefits were significantly increased last year, with 50% of staff receiving five months' bonus, including a year-end three-month bonus and a mid-year two-month bonus, surpassing the previous 14-month annual salary. Looking ahead to 2024, the company plans to adopt sustainable development strategies in business operations, such as promoting electric vehicle-exclusive policies, launching comprehensive insurance products for charging stations, and establishing a residential fire insurance electronic information system.
Source: YAHOO
Reported 8 months ago
The Federal Reserve's interest rate decision on June 25, 2024, aligning with expectations and boosted by significant cooling in inflation data, resulted in the yield on the US 10-year Treasury falling to a near three-month low. With the global trend of interest rate cuts, this is expected to further benefit the strong performance of the technology sector. Investment teams such as Daiwa Global Smart Car Fund and PGIM Jennison US Growth Fund highlighted the optimistic outlook for technology stocks, particularly in AI investments. As the industry sees advancements in AI technology and decreased material costs, the global AI humanoid robot industry is rapidly developing and actively conducting environmental tests to evaluate potential benefits and business opportunities. The expectation of a further interest rate cut as a supporting factor as consumer momentum slightly loosens and the manufacturing sector recovery slows down is also emphasized.
Source: YAHOO
Reported 8 months ago
On June 25, 2024, Hochan International Industrial Co., Ltd. held the 'Hochan Concrete Product Resume Presentation' at the Huang Chang Construction headquarters, aiming to accelerate industry upgrading and enhance product competitiveness. Over 100 experts from various fields attended the event, with speeches by key figures such as the Chairman of the Taiwan Circular Economy Society and the Chairman of the Taiwan Concrete Association, expressing support for Hochan's commitment to quality control and advancing towards low-carbon concrete production. Hochan International, a subsidiary of Huang Chang Construction, produces high-quality ready-mixed concrete for projects in the Greater Taipei area, prioritizing quality assurance through the 'Quality Ready-Mixed Concrete Certification' process initiated by the Taiwan Construction Research Institute. Since 2023, they have been developing the 'Hochan Concrete Resume System' to ensure transparency in sourcing materials and strength monitoring, with third-party verification to improve sustainability. The Chairman mentioned the integration of concrete resume system as part of one-stop service, enhancing safety and promising continuous efforts in industry advancement through innovation and collaboration. Additionally, in response to global carbon reduction efforts, the company pledged to deepen carbon reduction technologies for a greener future.
Source: YAHOO
Reported 8 months ago
Tung's General Hospital collaborated with the Registration, Consent and Patient Empowerment Center for Organ Donation and Transplantation in responding to the 'National Organ Donation Promotion Month' by launching the 'New Voice, New Life, Send from My Heart' campaign, encouraging the public to understand the importance of organ donation. They introduced the 'Organ Donation Voiceprint Card' to facilitate honoring and accepting life donations. The initiative aims to continue spreading love and extending the impact of organ donation in society by recording the donor's voice for their family to hear, giving them the courage to make decisions in line with the donor's wishes.
Source: YAHOO
Reported 8 months ago
The international geopolitical turmoil has led to an increase in freight rates, with the spot market for Capesize vessels seeing a recent 5% surge in daily rent to $25,000. Bulk shipping company Yu Min (2606), which mainly operates Capesize vessels, is expected to see steady growth in profit levels in the second quarter. Analysts point out that Yu Min has the most Capesize vessels domestically and is generally a spot cargo bulk shipping operator, anticipating positive growth in the bulk shipping market this year. With the growth in daily rent for Capesize vessels in the second quarter, revenue is expected to further increase, with annual profit growth likely to exceed NT$5. Yu Min aims to meet international standards for transportation efficiency and low carbon emissions by timely conducting fleet renewal work, with a long-term goal of having a fleet of over 100 vessels and a total carrying capacity exceeding 10 million tons. This year's steady global economic growth is expected to drive an increase in demand for bulk raw materials, with global steel demand growing by 1.7%. This will boost demand for Capesize vessels.
Source: YAHOO
Reported 8 months ago
In order to win the chip war, South Korea is partnering with Taiwan, Japan, and the United States to form the 'Chip 4 Alliance' to block China's semiconductor development. Amidst geopolitical tensions, South Korean companies like Samsung are investing heavily in Vietnam for supply chain diversification. Although geopolitics play a role in shaping these decisions, experts emphasize that ultimately market, profit, and cost considerations factor heavily in global business strategies.
Source: YAHOO
Reported 8 months ago
After 18 years of development and over 40 billion NT dollars investment, the Taipei Dome theme restaurant officially opened on June 25, 2024. The shopping mall, offices, department stores, hotels, and cinemas are expected to open by 2027. The Taipei Dome project was spearheaded by former Taipei mayors over 33 years, making it the longest BOT investment case in Taiwan. The commercial complex aims to revitalize the area and become a cultural and sports hub in Taipei.
Source: YAHOO
Reported 8 months ago
In response to the global environmental and carbon reduction trends, New Grain Art has been continuously developing environmentally friendly materials and seeking suppliers domestically and abroad to process the same material for recyclable and reusable green packaging. As a comprehensive packaging expert, the company is committed to providing high barrier packaging materials with anti-static and shock protection features. With clients across Taiwan, Asia, and North America, they offer packaging testing and multi-layer film packaging solutions for the domestic electronics industry. Through innovative strategies like using eco-friendly ink and strong barrier materials, New Grain Art aims to reduce plastic, aluminum, and layers in packaging, contributing to sustainability efforts and energy conservation.
Source: YAHOO
Reported 8 months ago
Renew Pharmaceuticals (6696) announced that its subsidiary Belite's new drug Tinlarebant (also known as LBS-008) for treating juvenile Stargardt disease (STGD1) has been granted Sakigake Designation by the Japanese Ministry of Health, Labor and Welfare. This designation provides benefits to expedite the approval process, making it the only ophthalmic drug and non-Japanese developed candidate in the list. With clinical trials unfolding in 11 countries and favorable certifications from multiple agencies, Renew aims to become the first approved drug globally for STGD1, targeting the estimated $1.27 billion global market by 2030.
Source: YAHOO
Reported 8 months ago
Taiwan Da Group has invested in establishing the Wealthy New Retail Company, officially entering the new retail market. The company has set up a new retail business department internally to strategically expand its market share in the new retail sector. Operating under the subsidiary company 'Wealthy New Retail Co., Ltd.', led by Vice General Manager Lin Yu-chen, the company offers comprehensive services from product listing to customer service on e-commerce platforms. With a strong customer base due to its various channels including telecommunications, cable TV systems, OTT services, and e-commerce, Taiwan Da Group plans to leverage its resources to attract brand partnerships in the new retail business. Overall, Taiwan Da Group's strategy includes focusing on technology-driven growth in sectors beyond traditional telecommunications, with new retail playing a key role.
Source: YAHOO
Reported 8 months ago
Star-Comm (3025) held a shareholders' meeting on June 25, 2024, acknowledging financial reports and profit distribution with a cash dividend of 3.2 NT dollars per share. The company noted infrastructure upgrade projects in the US, UK, and Europe, driven by increased demand for faster internet speeds, emerging AI applications, and enterprise market needs. Star-Comm's focus on Mission Critical Communications (MCC) solutions has penetrated key domestic and international infrastructure markets, significantly impacting future revenue growth. The company's strong financial performance, global business presence in 46 countries, and advancements in new communication technologies like AI solutions, data analysis, and enterprise 5G networks position it for continued success.
Source: YAHOO
Reported 8 months ago
Both Citigroup and Bank of America expect gold prices to reach $3,000 next year, with around 30% of financial advisors planning to increase their gold holdings before the end of next year. Current gold prices hover around $2,336 per ounce, leaving room for nearly a 30% increase. Factors such as strong physical gold demand, increasing gold reserves by central banks, and macroeconomic conditions support the upward trend of gold prices. Despite potential setbacks, gold prices are expected to continue rising in the second half of this year and next year, ultimately reaching $3,000.
Source: YAHOO
Reported 8 months ago
The traditional foreign currency insurance policies are making a comeback in the life insurance industry, as reported by the Financial Supervisory Commission. In April, new foreign currency insurance contracts reached NT$22.1 billion, a 12% increase year-on-year, marking two consecutive months of over NT$20 billion in sales. The total sales for the first four months amounted to NT$96.1 billion, a 7% increase annually, with traditional foreign currency policies leading the growth at over NT$81.9 billion, up by 17% compared to the same period last year.
Source: YAHOO
Reported 8 months ago
Citigroup predicts that by 2030, the global asset tokenization market could reach nearly $4 trillion in size with a trading volume of $1 trillion. Various countries including the US, Singapore, Hong Kong, and the UK are exploring tokenization research or implementing actions. Citigroup highlights the potential of asset tokenization as a transformative application, particularly in enhancing blockchain breakthroughs. Initiatives like Singapore's Project Guardian aim to utilize asset tokenization to boost financial market liquidity and efficiency, involving regulators from around the world. While widespread adoption of asset tokenization may still be 6-8 years away, there is a notable shift towards trials and concept verification among governments, large institutions, and corporations.
Source: YAHOO
Reported 8 months ago
In the era of IoT and AI, the British computer printer brand DOMINO, one of the world's top three brands, has been introduced to Taiwan by the local agent Tang Asia, incorporating cloud-based concepts into printing machines. With the trend of unique coding for each item in packaging to prevent counterfeit products, Tang Asia's DOMINO printers are acknowledged in the market. Especially popular in sectors like pharmaceuticals, construction materials, and food, the printers offer new solutions for industries like warehousing, logistics, and printing. The G-Series i-Tech thermal inkjet printer is praised for its high-quality, high-speed, and flexible coding capabilities, providing clear and stable printing results even on various materials. The printers also cater to product tracking needs with features like QR codes and serial numbers. This innovation has received positive reviews for its superior performance over traditional industry inkjet printers.
Source: YAHOO
Reported 8 months ago
Despite the recent volatility in Taiwan's stock market, high-dividend ETFs continue to be favored by investors. Recent statistics show that there are 8.56 million beneficiaries of Taiwan's ETFs, with the majority concentrated in high-dividend ETFs. The top five Taiwan ETFs have a total of 4.8719 million beneficiaries, accounting for nearly 60% of the market, all of which are high-dividend ETFs. As of now, there are 62 Taiwan ETFs with a total of 8.5615 million beneficiaries, reaching a new high for 17 consecutive weeks. The increasing popularity of high-dividend ETFs is attributed to their consistent performance and attractive returns, with ETFs like 00919 showing over 20% growth in dividends. Investment firms have been optimizing high-dividend ETF selection mechanisms and transitioning to monthly dividends, driving a new wave of investment. These ETFs now hold over 65.2% of Taiwan's ETF market, showcasing significant growth compared to the past few years.
Source: YAHOO
Reported 8 months ago
According to an article written by Zhu Jin-Xia on June 25, 2024, at 4:10 PM in Taiwan, the Liuzhou Paradise Resort Area, as the largest and most visited comprehensive entertainment park in Taiwan, is gearing towards achieving net zero emissions by 2050. To effectively transition, the resort has set up an action plan focusing on energy and resource management, industry repositioning, and promoting green lifestyle. In line with the global trend towards net zero, the resort has established an 'ESG Sustainable Development Promotion Team' to advance green tourism and sustainable tourism goals, working towards effective carbon reduction through various initiatives like greenhouse gas inventory and carbon management policies.
Source: YAHOO
Reported 8 months ago
In response to the upcoming launch of the 'Anti-Scam Reporting and Inquiry Network' in August, Taiwan's National Development Council (NDC) is partnering with Google and LINE to combat online scams. NDC has invited Meta to discuss anti-scam measures on July 4. The new network will integrate reporting channels from various social platforms to provide the public with real-time access to report suspicious online scam messages. The ultimate goal is to automate this process and enhance efficiency in handling high-risk scam ads. Google and LINE have implemented measures to prevent fraudulent activities on their platforms, with LINE adding warnings for new friend requests and non-Taiwanese communities. NDC aims to boost public awareness and create a safer digital environment through these collaborations.
Source: YAHOO
Reported 8 months ago
On June 25, 2024, at 4:10 pm, Da Ya (1609) benefited from the Taiwan Power Company's strong grid project tender, with its cable business entering the harvesting phase in the solar energy photovoltaic field. Foreign funds switched from selling to buying on the 25th, acquiring 11,303 thousand shares, while proprietary merchants also bought 1,323 thousand shares, totaling a net purchase of 12,626 thousand shares, accounting for 35.83% of total trading volume. This boosted the stock price, reaching a high of 55 yuan and closing with a significant gain of 2.3 yuan. Despite London Metal Exchange (LME) 3-month copper futures and spot prices falling below $10,000, they still outperform last May's average copper price. With ongoing cable business orders from the Taiwan Power Company, Da Ya currently has orders worth NT$7.5 billion, setting new highs in combined revenue for the first five months, with a chance of outperforming the same period last year in June.
Source: YAHOO
Reported 8 months ago
According to the United Nations' 2018 'New Plastics Economy Global Commitment,' focusing on making plastics that are truly needed safely reusable has become a global consensus. Ximei Packaging actively promotes plastic recycling and circular economy, leading the industry by first developing high barrier ziplock flat bottom bags. These bags are made of a single material which allows for easier recycling and reusability, overcoming challenges faced by multi-material packaging. Ximei Packaging's innovation reflects its commitment to sustainable and environmentally friendly practices, earning recognition and awards in the packaging industry.
Source: YAHOO
Reported 8 months ago
Yuanta Securities, a leading brokerage firm in Taiwan, announced senior management changes at a board meeting on June 25, 2024. The current general manager, Wang Yiming, was promoted to vice chairman, while the deputy general manager, Guo Mingzheng, was appointed as the new general manager pending regulatory approval. The former vice chairman, Huang Weicheng, resigned on the 14th, and the board finalized the appointments on the 25th. With Wang's expertise in domestic brokerage and wealth management and Guo's strengths in overseas affairs and investment banking, this partnership is expected to strengthen Yuanta Securities' market presence domestically and internationally, paving the way for further growth towards becoming a regional financial institution in Asia.
Source: YAHOO