Reported 8 months ago
Midas (1560) held a shareholders' meeting on June 24, 2024, where Chairman Lin Boquan pointed out the strong demand in the semiconductor industry. The company plans to actively develop diamond discs and recycled wafers required for advanced semiconductor processes. With gains in the semiconductor sector and an optimistic outlook for the second half of the year, Midas is expected to see significant growth. The company's focus on diversification and market stability, especially in the semiconductor sector, is seen as a key factor for future growth. Progress in diamond disc certification with major international IDM clients is proceeding smoothly, with shipments expected by year-end.
Source: YAHOO
Reported 8 months ago
On June 24, 2024, the total odd lot trading volume during the intraday and after-hour session reached 66.321 million shares, with TSMC leading at 6.0597 million shares. Despite TSMC's sharp drop breaking the 5-day moving average line, a surge of small odd lot buy orders flooded in, pushing odd lot trading volume to over 6.05 million shares, marking a two-month high. Other high dividend ETFs such as Yuanta Taiwan Top High Dividend (00919), Fuhua Taiwan Technology Preferred Dividend (00929), and Yuanta Taiwan 50 (0050) also saw increased trading volumes, leading to an overall odd lot trading volume surpassing 66.32 million shares, the fourth largest this year.
Source: YAHOO
Reported 8 months ago
According to reports on June 24, 2024, Apple is seeking to catch up with the artificial intelligence (AI) trend by engaging in discussions with several AI companies, including long-time competitor Meta, the parent company of Facebook. They are considering integrating Meta's generative AI model into Apple's new AI feature, Apple Intelligence. Apple's stock price rose by 0.1% to $207.75 on the 24th, reflecting an overall growth of nearly 8% this year. By collaborating with partners like Meta, Apple aims to tackle more complex tasks. The potential partnership signifies a shift in the relationship between tech giants towards cooperation in the AI era, offering subscription-based AI services through Apple Intelligence.
Source: YAHOO
Reported 8 months ago
In an interview on June 24, 2024, at 4:10 pm, Wu Chengwen, the chairman of the National Science and Technology Commission, discussed future policy directions. With the rise of sovereign AI, Wu emphasized the need for Taiwan to localize key application systems. He highlighted the importance of developing Taiwan's own system to maintain data security and national security, focusing on cultivating domestic system developers and identifying opportunities in areas such as drones and healthcare. Collaboration between government departments and academia aims to achieve application autonomy in various sectors to avoid risks of supply chain disruptions.
Source: YAHOO
Reported 8 months ago
In recent times, various regions in mainland China have been experiencing frequent irregularities in tax collection, with a Hubei-listed company recently announcing the need to pay taxes from 30 years ago. More than 20 provinces have established 'Tax Police Joint Operation Centers' to combat tax-related criminal activities, reflecting financial difficulties in local governments and causing concerns for enterprises about potential further tax crackdowns. This situation is attributed to the dwindling finances of local governments due to decreased land sale revenues, leading to stringent tax enforcement measures and market anxieties.
Source: YAHOO
Reported 8 months ago
The Taiwanese stock market is focusing on the ex-dividend trends of the three major shipping companies, with Evergreen to go ex-dividend on 27th, distributing a cash dividend of 9.965 NTD per share, and Yang Ming to go ex-dividend on July 9th, distributing a cash dividend of 2 NTD per share. Despite some market fluctuations, analysts remain optimistic about the dividend prospects of Evergreen and Yang Ming due to the upcoming traditional peak season in the third quarter for container shipping industry.
Source: YAHOO
Reported 8 months ago
Following cloud service providers AWS, Google, and Microsoft planning to set up data centers in Taiwan, Apple is reportedly also planning to establish a data center there. The company is currently collaborating with Taiwan's clean room and electromechanical integration company to design the project, with expectations to announce the plan by the end of this year. With Taiwan becoming a hub for global cloud giants, companies like Nvidia intend to establish a second AI supercomputer center, Google has invested NT$20 billion in the Zhangbin area, Microsoft is investing around NT$40 billion to build a large data center in Taoyuan, AWS plans to invest billions of US dollars in the Greater Taipei area over the next 15 years, and now Apple aims to build in the northern region, collectively indicating a total investment exceeding NT$100 billion from these tech giants in Taiwan.
Source: YAHOO
Reported 8 months ago
Amid increasing tensions between China and the U.S., Southeast Asia has emerged as the preferred destination for companies looking to diversify their supply chains, following the relocation of production lines from China. This trend is popular not only among European and American companies but also among mainland Chinese firms. The region has benefited from the 'China +1' phenomenon, with both foreign and Chinese enterprises diversifying their supply chains and operations. Factors such as the COVID-19 pandemic lockdowns and geopolitical tensions have further accelerated this trend, leading to a significant increase in investment inflows into Southeast Asia. Investments in ASEAN countries have grown to $236 billion in 2023, surpassing the average annual investment of around $190 billion in the previous years. The majority of funds flowing into Southeast Asia come from the U.S., Japan, the EU, China, and Hong Kong.
Source: YAHOO
Reported 8 months ago
According to Taiwan Banks' exchange rate bulletin, the cash buying rate for the Japanese Yen has dropped below 0.205 yuan, reaching a 38-year low against the US Dollar. International banks believe that the Japanese Yen challenging the 160 mark is due to weak inflation, the US-Japan interest rate differential, and concerns about forex intervention risks. Public banks predict that the Japanese Yen has not bottomed out yet and may reach 160, serving as Japan's last defense line. Short-term progress sees a potential rise to 162 yen.
Source: YAHOO
Reported 8 months ago
According to Taiwan Depository & Clearing Corporation statistics, over 12 million stock investors and fund beneficiaries in Taiwan allocate around 70% of their investments in stocks and funds, making it a crucial financial tool for Taiwanese. The survey by Capital Securities reveals that stock and fund investments are nearly a nationwide trend, covering 70% of financial behaviors among the people. Within these investments, individual stocks account for about 47%, ETFs for 37%, and active stock-bond funds for around 35%, showing that these three types of assets are the mainstream financial tools for Taiwanese. The rise of retirement financial planning has been attributed to the rapid growth of high-dividend ETFs in recent years, as the aging population in Taiwan is expected to surpass 19%, highlighting the significant demand for retirement financial planning.
Source: YAHOO
Reported 8 months ago
Public construction projects are abundant, and construction giants are expected to make significant profits this year. New Asia Construction (2516) announced on June 24, 2024, that they have achieved good progress in order receiving this year, with contracts totaling 11 billion NT dollars in the first half of the year, exceeding the annual target. By selecting high-profit projects, they expect an improved profit for the year. With a current total project amount of around 75 billion NT dollars and unfinished projects of about 45 billion NT dollars, the company plans to focus on profitable orders, leading to a potentially increasing gross profit in the future.
Source: YAHOO
Reported 8 months ago
Japanese officials are on standby 24 hours a day ready to intervene as the Japanese Yen nears the 160 per US dollar mark, with experts predicting a potential drop to 170 yen if it falls below. Former officials note that the yen is no longer considered a safe-haven currency, and the government has previously intervened with 9.8 trillion yen to support the currency. The Vice Finance Minister cautions that excessive currency fluctuations will have a negative impact on the economy and hints at potential government actions to prevent speculation-driven reactions in the forex market. Concerns are raised that if the yen weakens past 160 yen without intervention, it may reach a new low of 170 yen.
Source: YAHOO
Reported 8 months ago
On June 24, 2024, PCB and PCB dry process equipment manufacturer Chunyi (6664) saw its stock price rise against the trend by 5.01% to close at 251.5 yuan, recovering the monthly average. The short, medium, and long-term technical indicators have strengthened, with support at 243 yuan and resistance at 279 yuan. Analysts anticipate that Chunyi's entry into the leading wafer foundry Advanced Packaging Equipment Supply Chain and successful layout in glass substrate equipment will drive future growth, with expectations for record-high revenue and profits in 2024, attracting market funds and leading to a three-day consecutive increase in stock prices. The company holds a significant number of patents with applications in wearable devices, smartphones, electric vehicles, and automotive electronics.
Source: YAHOO
Reported 8 months ago
On June 24, 2024, international gold prices remained steady with potential inflow of safe-haven funds due to geopolitical tensions in the Middle East. However, if this Friday's core PCE data does not cool down as expected by the market, gold prices may retest $2,280 per ounce. Despite market expectations of a 1 basis point rate cut by the Federal Reserve this year, there is anticipation for a 2 basis point rate cut. Recent US economic data has been lackluster, with uncertainty surrounding September rate cuts. Gold prices saw fluctuations due to conflicting statements from Fed officials, disappointing US data, and renewed tensions in the Middle East, reaching $2,368.6 before dropping to $2,320. With better-than-expected initial US PMI data for June, rate cut expectations eased and gold prices settled at $2,320 by the end of the week, showing a 0.52% decrease from the previous Friday's closing. The future of gold prices remains uncertain, with support seen below $2,300 and technical indicators suggesting possible price support. Escalating conflicts between Israel and Hezbollah may continue to support gold prices, but the uncertainty lies in US inflation data not nearing the 2% target and the impact of recent economic indicators on the Fed's rate cut stance. The article also mentions a survey by the World Gold Council showing an increased interest from central banks in holding gold reserves, with 29% expecting to increase gold reserves in the next 12 months and 69% foreseeing a higher allocation to gold reserves in the next five years compared to previous years.
Source: YAHOO
Reported 8 months ago
On June 24, 2024, Quartet is advancing towards higher wattage power supplies, with mainstream specifications of gaming PC power supply expected to move from the current 750-850 watts to 1000 watts. Profits of Quartet are influenced as high-wattage products gain market share. With the upcoming RTX 50 series graphics card launch and the anticipation of better performance in the second half of the year, Quartet is optimistic about the future of the gaming market. The revenue share of gaming-related products for Quartet has been steadily increasing, with the majority falling in the 750-850 watt range. Quartet also notes the trend towards higher wattage power supplies as PCs move towards AI, predicting a gradual increase in mainstream gaming power supply specifications with a pace of 100 watts per year.
Source: YAHOO
Reported 8 months ago
Yang Ming Marine Shipping is committed to promoting positive corporate influence and continuous investment in marine ecological conservation actions. In their recent beach cleanup event on June 22, they expanded participation to include supply chain partners. Led by Yang Ming Marine's Executive Director, Chiu Tseng-yu, the event involved employees, families, and 10 supply chain partners clearing 221.6 kg of marine waste at Wanli Beach in New Taipei City. The company has been actively involved in environmental sustainability actions such as beach cleanups and river cleanings, with a total of 8.8 tons of marine waste cleared as of May 2024. Yang Ming Marine emphasizes the importance of collaboration with suppliers and raising awareness for marine conservation among employees and partners.
Source: YAHOO
Reported 8 months ago
According to FSC statistics, as of the end of April, national banks' foreign currency deposits reached NT$14.5 trillion, marking a three-month consecutive high, with an increase of NT$191.8 billion compared to the end of March, showing a 1.3% growth. With the expectation of a delayed rate cut by the Fed, interest rates remain high, prompting depositors to show interest in foreign currency time deposits. Various banks are offering competitive rates, with some banks offering up to 5.3% annual interest for three-month USD deposits. Foreign banks are also targeting high net worth clients, offering up to 7% annual interest for three to six-month deposits.
Source: YAHOO
Reported 8 months ago
On June 24, 2024, the National Agricultural Bank's branch relocated to 80 Zhongxiao West Road, Section 1, Zhongzheng District, Taipei City (JiTai Zhongxiao Building) with modern facilities, barrier-free access, and sustainable design to offer a more spacious, comfortable, and friendly service environment for customers. The opening ceremony was presided over by Chairman Wu Mingmin, with supervisory authorities, directors, supervisors, and representatives from agricultural associations in attendance. The new location aims to provide convenient services to agricultural bank customers, emphasizing environmental sustainability and social responsibility by using green materials, energy-efficient lighting and air conditioning, and providing services tailored for people with disabilities, such as wheelchair-friendly ATMs and sign language interpretation services.
Source: YAHOO
Reported 8 months ago
On June 21, 2024, the Ministry of Economic Affairs' Energy Bureau held the first session of the 113th Energy Benchmarking Award tour, with Jui Kung Machinery Co., Ltd. taking the lead to share key energy-saving measures like optimizing process control to reduce peak loads, implementing smart warehouse integration systems to save electricity, enhancing utility equipment efficiency, and using cloud virtual hosts to save power. The bureau aims to help industries implement energy-saving practices through these tours, providing professional teams for energy diagnosis, guidance, and equipment subsidies. Jui Kung, a major shoemaking machinery manufacturer and winner of the 112th Energy Benchmarking Award, showcased energy efficiency through equipment upgrades, process improvements, and digital transformation, significantly reducing energy consumption. The tour also includes energy policy promotion areas and shares successful energy-saving cases for consultation and learning purposes.
Source: YAHOO
Reported 8 months ago
According to a report by Chen Xinwen from Taipei on June 24, 2024, US stock funds have been seeing high inflows, with a net inflow of funds expanding to 20.369 billion USD in the past week, marking the highest weekly inflow since the second quarter. The dominance of US stock funds in global markets continues, with Asian funds excluding Japan seeing a USD 3.66 billion inflow. The strong performance is attributed to sectors like AI and technology, driving risk appetite in investments. The outlook for the stock market remains positive, especially in the tech sector, supported by factors like positive corporate earnings and global economic growth.
Source: YAHOO
Reported 8 months ago
On June 24, 2024, Hua Youlian (1436) opened flat and surged to hit the daily limit by around 11:30 am, closing at the limit price of 164 yuan, up 14.50 yuan, hitting a historical new high. After setting a new historical high on May 6, there has been a composite W-shaped consolidation for over 30 days. The long red candlestick on the 24th closed at the closing price of 164 yuan on May 6. This indicates a potential for a short-term high point, pending a breakthrough of the consolidation's neckline. Further observations are needed to ensure the price does not fall below the consolidation zone to mitigate risks.
Source: YAHOO
Reported 8 months ago
In response to the booming demand in the AI server market, Gigabyte's board of directors recently decided to proceed with overseas depositary receipts and overseas unsecured convertible corporate bonds, raising over NT$20 billion in total funding. The fundraising is mainly for regular inventory capital needs. Gigabyte plans to issue 32-38 million shares for cash issuance of common stock to participate in the issuance of overseas depositary receipts, estimated to dilute existing shareholders' equity by about 7%. With a market value of about NT$9.984-11.856 billion for this GDR issuance, Gigabyte also plans to issue a fourth unsecured convertible corporate bond worth up to $300 million (about NT$9.7 billion), tentatively in denominations of $200,000 or multiples, with a five-year maturity. Industry insiders believe that companies like Gigabyte, Wiwynn which recently announced ECB and GDR issuances, as well as Supermicro which recently carried out cash issuance, are all preparing ammunition to meet the growing demand for orders in the AI server business sector. Gigabyte has benefited from the increasing momentum in the AI server shipments, with monthly revenues surpassing NT$20 billion over the past three months. It is forecasted that Gigabyte's future AI server order visibility is clear, with stable shipping momentum, and the server business is expected to achieve double-digit growth beyond 5 billion Taiwan dollars this year after a strong increase by several times last year.
Source: YAHOO
Reported 8 months ago
In a recent strong performance by US tech giants, market values have reached new heights, with NVIDIA standing out by joining the 3 trillion USD market value club at 3.33 trillion USD, becoming the highest valued company among the 'Big Seven' in the US stock market. The company's achievement marks the third in the tech industry to surpass this milestone following Apple and Microsoft. With advancements in the AI field leading the market trend, the recent surge in US stocks has also pushed the Taipei stock market above 23,000 points, establishing NVIDIA as a trendsetting giant. According to Pocket Securities, the combined market value of the US 'Big Seven' exceeds 14.7 trillion USD, equivalent to the GDP of the world's fourth-largest economy. The total market value of NVIDIA, Apple, and Microsoft alone has surpassed 9 trillion USD, exceeding the total market value of the Chinese stock market. Among the US 'Big Seven', Tesla has experienced a significant downturn this year with a 25% drop, showing a different trend compared to last year, while NVIDIA has maintained a robust increase in market value, leading the surge among the US tech giants. The continuous rise in market value of US tech giants reflects investors' optimism towards the future development of the tech industry.
Source: YAHOO
Reported 8 months ago
Professor Ceng Juwei from Soochow University and special adjunct professor at the Central Trust Financial Management Institute, expressed concerns on the upcoming expiry of the half-cut tax exemption for intraday trading, urging the Ministry of Finance to extend it. The tax rate reduction was originally implemented in 2017 for one year, but has been extended multiple times until now. There are calls for normalization of the incentive, emphasizing the need for the new government to maintain fiscal discipline. Concerns are raised about the potential negative impact of converting short-term tax reductions into long-term systems, possibly damaging the tax system. It is highlighted that tax policies should remain neutral and apply uniformly to all types of securities transactions.
Source: YAHOO
Reported 8 months ago
In the warrant market focus, it was reported that NVIDIA has increased its advanced process chip production volume to TSMC, driving performance in the backend testing and packaging sector. King Yuan Electronics saw its stock rise to 122 TWD challenging the previous high of 123 TWD, with foreign investors buying 35,000 shares in the last 5 days. NVIDIA's expansion of TSMC orders has benefited the backend testing and packaging sector. King Yuan Electronics is said to be shifting capacity to meet the demand due to overwhelming new orders from NVIDIA. The company is set to make final decisions on the supply chain allocation for NVIDIA's GB 200 chip and server orders for 2025 in the second half of the year, with an estimated shipment of 900,000 GB 200 chips in 2025. Following the sale of its subsidiary Kinsus Technology, King Yuan Electronics is anticipated to have lower revenue in Q2 than Q1 but with improved gross margin and profit margins. With continuous expansion in orders from NVIDIA, revenue in the second half of the year is expected to surpass the first half, indicating positive annual growth.
Source: YAHOO