Reported 8 months ago
Senvion Energy's subsidiary in Singapore, Baowei Maritime Engineering, successfully brought the 4,000-ton heavy lift vessel 'Hercules' to Taiwan on June 22, 2024, to start work on offshore wind power projects. With the goal of having thousands of wind turbines at sea in Taiwan in the future, Senvion Energy sees promising opportunities for operation and maintenance in the industry. The company marked a significant milestone with the commencement of maritime engineering operations for Taiwan Power Company's 294.5MW offshore wind power project, which is expected to provide green electricity equivalent to the consumption of nearly 240,000 households annually, reducing carbon emissions by around 500,000 tons per year.
Source: YAHOO
Reported 8 months ago
In the context of the escalating technology competition between the US and China, Asian countries like Japan, South Korea, and Southeast Asian nations are aggressively developing their semiconductor industries with various strategies such as attracting foreign investment, establishing large industrial parks, and navigating through trade restrictions. For Taiwan, these developments pose both opportunities and challenges. This article focuses on the current status of the semiconductor industry competition as reported by journalists who visited Japan, Korea, and Vietnam, highlighting efforts by countries like South Korea and Japan to reclaim their positions in the global chip industry amid intensifying tensions between the US and China. Measures include massive investments, development of semiconductor clusters, and government support to strengthen the semiconductor supply chain in these countries.
Source: YAHOO
Reported 8 months ago
Xinguo from Nantian Gas (8908) is expanding its operations into solar energy and real estate, alongside its core natural gas business. Xinguo has completed a 21MW solar photovoltaic system and is ready to sell electricity. In real estate, the 'Dunpin III' project in the Nan District of Tainan City is expected to be completed and contribute to revenue in the fourth quarter. Xinguo, with a merged revenue of 6.959 billion last year and an EPS of 1.83 yuan, will distribute cash dividends of 0.8 yuan and stock dividends of 0.8 yuan per share after the shareholders' meeting on the 24th. Xinguo's General Manager Wang Dingzhong stated that while natural gas sales are the main revenue source, the company is investing in solar energy to transform gradually into an energy company in response to government renewable energy policies.
Source: YAHOO
Reported 8 months ago
TSMC's first and second 2nm plants in Kaohsiung are under construction and have been initiated, respectively. The third Kaohsiung P3 plant with a land size of 17.22 hectares has been approved by the Kaohsiung City Urban Planning Committee to be changed to a Class A Industrial Zone. After passing the environmental impact assessment (EIA) and soil pollution removal listing, TSMC can apply for a construction permit to start building the third 2nm plant. The Kaohsiung City Government is working towards transforming the area into a hub for semiconductor material research and development, aligning with the government's plan to establish the Southern Science Park Kaohsiung Third Park (Nanzu Park) in response to global semiconductor industry supply chain transformations and demands.
Source: YAHOO
Reported 8 months ago
The Federal Reserve will announce the results of stress tests on 32 banks on June 26, which will determine their capital requirements and ability to increase dividends and stock buybacks. Analysts expect the results to be similar to last year (all passing). Even if banks pass the tests, they are likely to adopt cautious capital return strategies due to uncertain economic outlook and regulatory rules. Investors are closely watching the results as it impacts banks' ability to distribute more dividends. Major banks like JPMorgan Chase and Bank of America are being tested along with smaller banks like Huntington. All 23 banks tested in 2023 passed, showing resilience in severe economic downturns. However, banks may still face restrictions in returning capital if found to have insufficient capital. While regulatory authorities are pushing for higher capital requirements to mitigate economic risks, banks view it as unnecessary burden and urge regulators to withdraw the proposal. Analysts at Piper Sandler and Raymond James expect banks to be cautious in managing capital and anticipate moderate increases in stock buybacks and dividends. With economic uncertainty, a significant uptick in overall capital return is unlikely.
Source: YAHOO
Reported 8 months ago
On June 24, 2024, the major indexes of the US stock market continued to reach new highs with foreign investment banks raising their target prices for the S&P500 index. Large technology stocks have been driving the market higher, especially with the improving economy and the growth of AI-related industries increasing investor risk appetite. It is recommended to regularly invest in American technology funds as the market trend is expected to continue, with a focus on new technological applications. Various tech funds managers also shared insights on the AI and cloud computing sectors, emphasizing the importance of memory technologies like HBM for GPUs and ASICs. The tech industry is experiencing rapid growth as reflected in the performance of indices like the Philadelphia Semiconductor Index. Despite the tech sector's stock prices hitting new highs, company earnings do not indicate overheating. Projections show a significant increase in profit rates for the BIG7 companies, suggesting continued growth potential and a positive impact on the US economy and stock market. Various fund managers provided investment recommendations and discussed industry trends and opportunities, such as NVIDIA's product roadmap and the potential in AI server and data center infrastructure growth.
Source: YAHOO
Reported 8 months ago
To prevent financial market turmoil due to the real estate crisis, the Chinese government is reportedly planning to establish a new rescue fund, potentially amounting to billions of yuan, to assist troubled financial institutions in order to prevent sudden closures. The plan is expected to be announced by the end of this year, aimed at addressing concerns over financial instability arising from the default of major real estate developers like Evergrande and Country Garden. The fund would be mainly funded by financial industry companies, with the People's Bank of China offering low-interest loans to expand the fund if needed.
Source: YAHOO
Reported 8 months ago
The editorial discusses the escalating trade tensions, with the EU imposing punitive tariffs on Chinese electric car manufacturers like BYD, signaling a potential trade protection war. Despite the imminent threat, China has shown restraint and is strategizing retaliatory measures carefully to gain leverage in negotiations. By using electric cars as bargaining chips and engaging in detailed negotiations with European counterparts, China aims to potentially avert a full-blown trade war. The key lies in finding mutually beneficial solutions through negotiations, which could potentially turn the looming global trade war into a positive outcome, as efforts are being made on both sides for substantive discussions to defuse the crisis.
Source: YAHOO
Reported 8 months ago
Taiwanese telecommunications company iPhoton announces the signing of a strategic memorandum with Amsterdam Internet Exchange AMS-IX, ranked third globally, and ICT service operator HGC. With prominent private submarine cable systems in the Asia-Pacific region already converging in iPhoton, the collaboration aims to elevate iPhoton to become the East Asia digital hub and AI cloud application center. AMS-IX, with 920 members, partners with HGC in Asia; Taipei Internet Exchange Center (TPIX), led by iPhoton, ranks 82 globally, serving members such as Amazon, Microsoft, and Google. Through this partnership, TPIX members can expand network resources in markets like Hong Kong, facilitated by HGC’s global network infrastructure. The collaboration is expected to enhance traffic exchange and boost transcultural Internet ecosystem growth.
Source: YAHOO
Reported 8 months ago
On June 24, 2024, at 4:10 PM, First Financial Investment Trust and South Korea's QRAFT Financial Technology jointly released the weekly financial risk sentiment signals. The report indicates that the cash level for US stocks is at 0%, reflecting a bullish market sentiment with indicators leaning completely towards positivity. Likewise, Taiwan stocks have a 1.3% cash level, also indicating a bullish sentiment with most indicators trending positively. The analysis suggests a stable bullish trend in the US financial markets with no major negative risk signals identified. The report suggests that Taiwan stocks are benefiting from strong performance in technology and high-value stocks, maintaining low cash allocations with an overall bullish trend and a need to watch for short-term fluctuations, especially in semiconductor-related stocks.
Source: YAHOO
Reported 8 months ago
On June 24, 2024, at 4:10 pm, Cathay United Bank in Taipei was awarded the Second Edition Elderly-Friendly Award in the banking service category for its outstanding performance in providing heartwarming and convenient services tailored for the elderly. The bank has been actively promoting elderly-friendly financial services such as priority call services, friendly counters with seats equipped with magnifying glasses, enlarged forms, and more to cater to the needs of senior customers. Additionally, they offer home services for customers with mobility issues and have trained 66 employees to become 'Elderly Financial Planning Consultants.' The bank also focuses on creating a dementia-friendly environment and has initiatives like direct phone lines for the elderly and a smart customer service assistant named 'Wallet-Kun' for voice-activated banking assistance. Cathay United Bank continues to enhance their services to be customer-centric and elderly-friendly, striving to be a trusted financial partner for all customers.
Source: YAHOO
Reported 8 months ago
Since acquiring the management rights from its major shareholder in June 24, 2024, Huajian (2530) has seen a transformation in operations, not only issuing dividends for three consecutive years but also expanding its projects beyond Taipei City to include high-speed rail stations. With an estimated completion of total housing units reaching NT$41 billion in the next three years, Huajian is poised for growth in the railway economy. The company is on track for success with recent completed projects and upcoming developments, highlighting a positive outlook for the future.
Source: YAHOO
Reported 8 months ago
After the market surged past 23,000 points, there was a short-term correction. Public banks pointed out that investors are becoming cautious at current high levels, with the quarter-end approaching. The strategy now is to focus on weeding out weaker investments and keeping the stronger ones. Despite a 1.89% drop on the 24th, financial stocks rose, indicating a strong stance and steady financial stocks' role in stabilizing the market during corrections.
Source: YAHOO
Reported 8 months ago
In response to achieving global net zero emissions by 2050, the semiconductor industry plays a vital role, aiming to develop professionals who can assist in carbon reduction and contribute to the industry's growth while meeting carbon neutrality goals. Through a joint effort between SEMI International Semiconductor Industry Association, GESA Green Energy and Sustainable Development Alliance, and ITRI Industrial Technology Research Institute, the 'ITRI × SEMI Net Zero Sustainable Professional Talent Training' program is designed based on the Carbon Emission White Paper released by the Semiconductor Climate Coalition in 2023. The 36-hour course covers global net zero trends, ESG operational performance, practical application of mainstream carbon management digital platforms, and other key issues, aligning with SCC's carbon reduction pathway and featuring international and local experts. Participants who complete the full series and pass certification exams will receive dual certificates from ITRI and SEMI, with course hours being eligible for director and supervisor training credits.
Source: YAHOO
Reported 8 months ago
雷虎科技及雷虎生技於股東會後介紹新產品，並表示將參加美國AUSA展，爭取無人機訂單。雷虎科董事長展望營運表現樂觀，計劃拓展海外客戶、與國內廠商合作，並積極參與國防部無人機標案。此外，雷虎科已租用廠區擴大生產。
Source: YAHOO
Reported 8 months ago
Provided by Fubon Futures analyst Cao Fukai, Huang Yanhong summarized on June 24, 2024, at 4:10 PM, with Taiwan stocks continuing their upward trend by 748 points last week. The technical aspect displayed a large deviation. After the short-term rise of Taiwan stocks, margin financing hit a new high of 315.2 billion yuan. Attention should be paid to possible high-level adjustment selling pressure in shipping futures in the short term. Key international financial events this week include the first presidential debate for the 2024 election in the United States and the release of the latest PCE report by the U.S. Department of Commerce on Friday, where the market forecasts a slowdown in the core PCE annual growth rate from 2.8% in April to 2.6%. The current slowdown in the U.S. core PCE indicates a possible first round of rate cuts occurring in September. Observing the news, as the peak season approaches, various shipping companies have announced price increases. However, with the ceasefire agreement in Ha, leading to a decline in the main contract of the Shanghai-Europe Line Transportation, affecting the stock performance of the top three container shipping companies. Despite the stabilization of the Shanghai-Europe Line Transport contract, shipping index futures are still consolidating at a high level, leaning towards weakness in the short term. Technically, the shipping index spot price has been oscillating at a high level since the 11th, still facing resistance above if it fails to break the previous high, and therefore, technical operations should be carried out in line with the trend. Taiwan Futures Exchange's shipping futures are designed as small-sized contracts, with an original margin of 15,000 yuan per lot, facilitating traders to use futures more flexibly as a hedging or trading auxiliary tool.
Source: YAHOO
Reported 8 months ago
Starting from 2015, Taiwan Cooperative Bank has been actively practicing corporate social responsibility by donating recycled computers to schools and family support centers in remote areas. The initiative aims to help disadvantaged groups improve their digital skills, reduce the urban-rural digital gap, and achieve sustainable resource reuse. By meticulously preparing and testing each donated computer, the bank ensures their effectiveness and stability for long-term use, contributing to environmental sustainability. As of June 2024, the bank has donated a total of 364 recycled computers, reducing approximately 167.44 metric tons of carbon emissions. Through these donations, Taiwan Cooperative Bank not only provides needed hardware support to underprivileged families but also helps children access equal education and multi-faceted development opportunities, ultimately promoting environmental sustainability and narrowing the digital divide between urban and rural areas.
Source: YAHOO
Reported 8 months ago
Taipei, July 2nd marked the start of a series of self-organized investor conferences held by four listed companies at the Taiwan Stock Exchange, with Ruantaicai (8463) taking the lead, followed by Dalukuo (1432) on the 11th, Ruantaquan (2915) on the 23rd, and Yuzhan (8271) on the 26th. The Taiwan Stock Exchange aims to enhance transparency in financial information and provide investors with better access to corporate information, requiring all listed companies in the country to hold or participate in at least one investor conference annually. As of now, a total of 1,199 investor conferences have been conducted by domestic listed companies (excluding the Innovation Board) this year.
Source: YAHOO
Reported 8 months ago
Franklin Templeton's investment team emphasizes the importance of 'active stock selection' amidst frequent record highs in US stocks, with many quality companies currently undervalued due to short-term factors masking their long-term growth potential. While economic strength and moderate inflation favor stock and bond market performance, Franklin recommends 'active selection' and 'dynamic balanced allocation' strategies to navigate the challenges of high stock valuation and narrow bond spreads. By adopting a dynamic asset allocation approach, Franklin aims for a balanced stock layout, pursuit of bond market returns with quality, and competitive and consistent yield opportunities.
Source: YAHOO
Reported 8 months ago
Taiwan Futures Exchange held its shareholders' meeting on June 24, 2024, passing a dividend distribution of 3.35 yuan per share along with other proposals. The meeting also included the election of 11 board directors and 3 supervisors. The exchange reported a net profit of 3.052 billion yuan last year, with an earnings per share of 5.59 yuan. The exchange chairman outlined five key business focuses for the second half of the year, including the introduction of micro TAIEX futures and small ETF futures, market surveillance enhancements, overseas investment attraction, and sustainable development efforts in line with the 2050 net-zero transition goal.
Source: YAHOO
Reported 8 months ago
Yi Group launched the high-end luxury brand 'Dawn' series investment layout, with the first 'Dawn-Listening to Green Island' setting foot in Xiaoliuqiu, Pingtung. Following Yi Group's Yi Cultural Tourism and Yi Hotel, the company plans to invest 3 billion in the next three years in the high-end luxury brand 'Dawn' series. The 'Listening to Green Island' is expected to operate in the fourth quarter of next year, with additional 'Dawn' series branches planned for Renyitan in Chiayi, Chishang in Taitung, and Alishan in Chiayi.
Source: YAHOO
Reported 8 months ago
During his visit to China on June 24, 2024, Polish President Andrzej Duda met with Chinese President Xi Jinping before the introduction of tariffs on Chinese electric cars in Europe. China announced a unilateral visa-free policy for Polish citizens on the same day. President Xi emphasized the importance of enhancing cooperation in various fields and ensuring a fair and non-discriminatory business environment for Chinese enterprises in Poland.
Source: YAHOO
Reported 8 months ago
Established in 2003, Campro Precision Machinery has been dedicated to providing high-quality CNC machine tools. In 2023, their NTM-308S composite processing machine and NU 1250 upright five-axis tool machine won the Taipei International Machine Tool Show's 'Research and Development Innovation Product' award, showcasing their excellent technological strength. Emphasizing customer needs, they offer comprehensive solutions, with the brand 'CAMPRO' marketed globally, symbolizing their efficient work ethic. Actively adapting to market demands, Campro provides ESG-optimized equipment to enhance industry value. They focus on digitalization, introducing tools like ERP systems, PDM, MES, and MTTS to reinforce after-sales service efficiency and ensure product quality consistency. Smart manufacturing achieves plant visualization and data analysis, aiming to improve production efficiency. Their digital transformation aims for comprehensive digital management, streamlining internal processes, with hopes to extend to the supply chain and clients, ultimately enhancing product quality and production efficiency. Additionally, they focus on modular design and electromechanical integration in R&D, developing high-value machine tools to boost market competitiveness. By pushing ESG-optimized equipment and using advanced technologies like electromechanical integration simulation, Campro reduces trial-and-error costs and resource waste during product development and manufacturing, ultimately striving towards green manufacturing and sustainable development.
Source: YAHOO
Reported 8 months ago
Several non-life insurance companies are launching exclusive insurance policies for electric vehicles starting on July 1st, with premiums expected to increase by an average of 5-10%. The actual rate hike varies depending on the vehicle type and additional terms, and car owners are advised to calculate the rates on the official websites. Major insurance companies like WangWang Insurance, Cathay Insurance, Shin Kong Insurance, Mingtai Insurance, and Taian Insurance are planning to introduce these exclusive electric vehicle policies. Despite some electric vehicles having higher loss ratios, most remain within acceptable ranges. After the rollout on July 1st, electric vehicles will be required to have their own specific insurance policy and cannot be insured under regular car insurance policies. Insurers predict that the quotes for electric vehicle insurance policies will remain competitive, as rates are adjusted based on the accumulating underwriting data in this emerging market.
Source: YAHOO
Reported 8 months ago
The Bank of Japan (BOJ) released the minutes of its June monetary policy meeting, where discussions on further interest rate hikes and reducing bond purchases took place. This led to speculation that the July meeting could mark a turning point in BOJ's monetary policy, pushing Japan's 10-year bond yield closer to the 1% level. While the BOJ maintained its 0.1% benchmark interest rate in June, concerns over rising costs potentially leading to inflation deviating from forecasts were raised, prompting considerations for adjusting the loose monetary policy. Although there were differing opinions among the board members on the timing of policy normalization, the meeting indicated a plan to announce detailed reduction in bond purchases at the next meeting in July.
Source: YAHOO